Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Denver Gold Forum 2023
31 slides from Ssr Mining's conference presentation, Sep 18, 2023
Slide 1: Denver Gold Forum 2023
A FREE CASH FLOW FOCUSED GOLD PRODUCER Denver Gold Forum 2023 September 2023
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain statements contained in this presentation constitute forward-looking information, future oriented financial information, or financial outlooks (collectively
Slide 3: Diversified Portfolio of High Quality, Long-Life Assets
Diversified Portfolio of High Quality, Long-Life Assets Stable Operating Platform Targeting 700+ koz AuEq Annually High Stable production platform with robust pipeline of development projects Operations Quality ▪ Four core operating jurisdictions ▪ Approximately 9Moz AuEq in attributable Mineral Res
Slide 4: Our Sustainability Vision: Living Our Values
Our Sustainability Vision: Living Our Values Continuously Striving to Improve Performance in Focus Areas Responsible Engage & Invest in Environmental Stewards Local Communities • Developed a global water strategy in 2022; • Over $2.5 million in community investment in 2023 focused on implementing wa
Slide 5: Diversified Portfolio With +16 Year Weighted Average Mine Life
Diversified Portfolio With +16 Year Weighted Average Mine Life Long-term Stable and Low-cost Production Platform With Additional Avenues for Growth 1,000 Commercial Çöpler Production at Temporary Stable base of 700 koz AuEq achievable $4,000 Çöpler Sulfide Plant Suspension; until the end of the deca
Slide 6: Building on Proven History of Project Delivery and M&A
Building on Proven History of Project Delivery and M&A Non-Core Asset Sale Proceeds Redeployed in Core Jurisdictions Delivering Projects On Time & Building Value Through Disciplined M&A * Budget POX Plant (Çöpler) SSR Mining / Alacer Merger Hod Maden Acquisition -10% Exploration Exploration 1.4x 1.6
Slide 7: Track Record of Returning Capital to Shareholders
Track Record of Returning Capital to Shareholders Peer Leading Returns Aligned With Robust Free Cash Flow Outlook Highlights History of Significant Shareholder Returns * ▪ Building on two consecutive years of 2023 Capital Returns significant shareholder returns in the 1.5% Yield 3.5% Yield form of d
Slide 8: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet; Three Pillar Capital Allocation Framework Financial Position * Capital Allocation Priorities Low Capital Intensity Growth Market Capitalization $3.0B ▪ 2023 exploration budget of $94 million, up +50% y/y; includes $81 million to advance growth and
Slide 9: Operations
MINING Operations
Slide 10: Çöpler: Flagship Asset With a 21+ Year Mine Life
Çöpler: Flagship Asset With a 21+ Year Mine Life First Production From Çakmaktepe Extension Expected Within 2023 Location: Türkiye Mining: Open Pit Stage: Production Çöpler District Land: ~26,000 ha Processing: Heap leach, POX Ownership: 80% Q2 2023 Highlights * ▪ Q2 gold production of 52 koz at Cos
Slide 11: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Positioned for a Strong Second Half of 2023 Location: USA Mining: Open Pit Stage: Production Marigold Exploration Targets Land: ~20,000 ha Processing: ROM, Heap Leach Ownership: 100% Q2 2023 Highlights ▪ Q2 gold production of 60 koz at Cost of sales of $1,063
Slide 12: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Expanded Exploration Program Focused on Extending Mine Life N Location: Canada Mining: Underground Stage: Production Seabee Site Plan View Processing: Gravity Porky Land: ~62,000 ha Ownership: 100% West Porky concentration, cyanide leaching Main Q2 2023 Highl
Slide 13: Puna: Large Open-Pit Silver Producer
Puna: Large Open-Pit Silver Producer Consistently Strong Operations; Near-mine Exploration Continuing Location: Argentina Mining: Open Pit Stage: Production Puna Exploration Targets Land: ~10,000 ha Processing: Flotation Ownership: 100% Q2 2023 Highlights ▪ Q2 silver production of 2.3 Moz at Cost of
Slide 14: Hod Maden Project Overview and Transaction Highlights
Hod Maden Project Overview and Transaction Highlights Accretive Transaction Delivers Value to Shareholders Project Overview Key Transaction Highlights for SSR Mining ▪ SSR Mining acquired an up to 40% ownership and immediate operational control in Hod Maden project through an earn-in structured tran
Slide 15: Upcoming Technical Reports From Marigold and Çöpler
Upcoming Technical Reports From Marigold and Çöpler Incorporating Extensive Exploration Activities and Technical Work Completed Over the Last 24 Months Technical More than two Evaluating Identifying Report years of potential LOM longer-term Pending completion Summary exploration production potential
Slide 16: Çöpler Expansion Study
Çöpler Expansion Study Evaluating Low Capital Intensity Opportunities to Expand Production Profile The Continued Evolution of a Cornerstone Asset Çöpler District ▪ Çöpler Technical Report Summary in 2021 featured a 21-year Mineral Reserve life averaging more than 250koz in annual production over the
Slide 17: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Exploration Targets Producing Asset Near-Term Medium-Term Longer-term Çakmaktepe Extension Çöpler Expansion Türkiye Mavidere Copper Hill Çöpler Çöpler In-Pit / Saddle Hod Maden Çöpler Regional Türkiye Regional New Millennium Trenton Canyon Oxides Nevada Trenton
Slide 18: Appendix
MINING Appendix
Slide 19: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of Experience and Track Record of Delivery Executive Team Rodney Antal Alison White F. Edward Farid Michael Sparks John Ebbett Bill MacNevin Executive Chairman EVP, Chief Financial EVP, Chief Corporate EVP, Chief Legal & EVP, Growth & EVP, Operations & Off
Slide 20: Q2 2023 Highlights & Commentary
Q2 2023 Highlights & Commentary On Track for 2023 Consolidated Production and Cost Guidance Financial Highlights Q2 2023 Commentary Q2 2023 H1 2023 Production and Capital Spend in Line With Guidance Gold Equivalent Production oz 156,625 303,518 ▪ Q2 Cost of sales of $1,155/oz AuEq and AISC * of $1,6
Slide 21: Control of the Entire Çöpler District
Control of the Entire Çöpler District Recent Acquisition of an Additional 30% of Kartaltepe Delivers Significant Synergies Çöpler District Highlights ▪ Expands ownership of existing Mineral Reserves and Mineral Resources at the Çakmaktepe, Çakmaktepe Extension, and Bayramdere deposits ▪ Streamlines
Slide 22: Çakmaktepe Extension: First Production Expected in 2023
Çakmaktepe Extension: First Production Expected in 2023 Potential for Further Mineral Resource Conversion and Growth Highlights From Recent Exploration * Mineral Reserve & Resource ▪ 151 diamond drill holes since May 2021 Mineral Resource cut-off ▪ CDMP21 Reserve Case includes of 1.2Moz gold product
Slide 23: Marigold: Creating Pathways for Mine Plan Enhancement and Extension
Marigold: Creating Pathways for Mine Plan Enhancement and Extension New Millennium Presents Opportunity for Mineral Resource Growth and Additional Mine Life Overview of Marigold Property Recent Exploration Highlights * New Millennium Additional Oxide Mineralization Targets ▪ Enabled by recent land a
Slide 24: Seabee Exploration Program Focused on Mine Life Extension
Seabee Exploration Program Focused on Mine Life Extension Near-mine Resource Development Drilling and Regional Exploration Activity Ongoing Overview of Recent Seabee Exploration * Santoy Mine Complex Porky Main / Porky West ▪ Recent drilling focused on near-mine resource development adjacent ▪ Santo
Slide 25: Puna: Near-Mine Exploration Success Presents Opportunity to Extend Mine Life
Puna: Near-Mine Exploration Success Presents Opportunity to Extend Mine Life * Potential for Further Mineral Resource Conversion and Growth Overview of Puna Overview of Recent Activity Highlights From Recent Exploration ▪ Puna is 100% owned by SSR Mining ▪ 48 drill holes between August 2022 and Dece
Slide 26: Copper Hill: Greenfield Discovery
Copper Hill: Greenfield Discovery Near-surface Copper Sulfide Mineralization Overview * Copper Hill Geological Map Copper Hill Map ▪ Copper Hill 70% owned and operated by SSRM; 30% owned by JV partner Lidya Mines ▪ Located in the Black Sea region of northeast Türkiye; ~260 kilometers from SSR Mining
Slide 27: Endnotes
Endnotes 1) Mineral Reserves and Mineral Resources (“MRMR”) for Çöpler, Marigold, Seabee, Puna, San Luis, Pitarrilla, and Amisk as of December 31, 2022. Mineral Reserves and Mineral Resources shown are SSR Mining ownership share only. SSR Mining owns 80% in both Anagold and Kartaltepe licenses. Mine
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations 2023 Guidance Table, Three-Year Outlook Operating guidance (100% basis) (14) Çöpler Marigold Seabee Puna Other Consolidated Gold production koz 240 — 270 260 — 290 100 — 110 — — 600 — 670 Silver production Moz — — — 8.0 — 9.0 — 8.0 — 9.0 Gold equivalent production koz 240 —
Slide 29: Adjusted Attributable Net Income per Share
Non-GAAP Reconciliations Adjusted Attributable Net Income per Share, Free Cash Flow Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share) 2023 2022 2023 2022 Net income attributable to SSR Mining shareholders (GAAP) $74,866 $58,488 $104,679 $126,051 Interest saving o
Slide 30: Liquidity
Non-GAAP Reconciliations Cash Costs, AISC, Net Cash & Liquidity Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Çöpler Marigold Seabee Puna Corporate Total Cost of sales (GAAP) (21) $54,949 $63,965 $18
Slide 31: SSR Mining Inc.
SSR Mining Inc. F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Director, Corporate Development and Investor Relations Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX, SSR:ASX