Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Gold Forum Americas 2022
25 slides from Ssr Mining's conference presentation, September 2022
Slide 1: A Free Cash Flow Focused Gold Producer
A FREE CASH FLOW FOCUSED GOLD PRODUCER Gold Forum Americas 2022 September 2022
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 of 700+ koz AuEq Annually High Stable production platform of 700+ koz AuEq Operations Quality ▪ Four core operating jurisdictions Projects Diversified ▪ 10+ Moz AuEq Mineral Reserves Seabee Portfolio ▪ 17+ year weighte
Slide 4: Our Sustainability Vision: Living Our Values
Our Sustainability Vision: Living Our Values Our Values Shape Our Culture and Support our Strategy and Vision People & Culture Sustainability Health, Safety & Risk We value our people and invest in We care for the environment and We protect and care for the people, their growth and development. comm
Slide 5: Continued Operational Delivery Over Past Decade
Continued Operational Delivery Over Past Decade Long-term Stable Production Platform With Additional Avenues for Growth Historical Results** Technical Report Summaries* 1,100 Commercial Production at Çöpler Sulfide 700 koz until the end Plant 1,000 of the decade achievable MOE with with modest conve
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 Sales in Excess of US$240M Since Q2/21 Delivering Projects Building Value Through Disciplined M&A ** On Time & Budget ** POX Plant (Çöpler) SSR Mining / Alacer Merger Non-Core Asset Sales -10% Exploration 1.4x 2.4x $744M Analyst $
Slide 7: Track Record of Returning Capital to Shareholders
Track Record of Returning Capital to Shareholders Top Tier Returns Aligned With Free Cash Flow Outlook Highlights History of Significant Shareholder Returns 2022 Capital Returns * ▪ Capital returns program aligned with strong free cash flow outlook $100M $350M 2021 Capital Returns ** 2.0% Yield ▪ Ro
Slide 8: Advancing High-Return Internal Growth Opportunities
Advancing High-Return Internal Growth Opportunities Steady News Flow Expected Into 2023 Near-term Priorities ▪ Update Sustainability Report Çöpler highlighting progress on ESG ▪ Restart Çöpler Operations in Q3/22 priorities ▪ Advance Çakmaktepe Extension (Ardich) ahead towards first production in 20
Slide 9: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet Metrics Net Debt to 2023E EBITDA * Capital Allocation Priorities Financial Position (2.5x) Reinvesting in Low Capital Centerra Intensity Growth Market Capitalization ~$2.9B ▪ 2022 growth capital of $76M SSR Mining (1.1x) ▪ $69M initial capex at Ard
Slide 10: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Near Mine Targets To Sustain And Grow From +700koz AuEq For At Least 10+ Years Çöpler District Marigold Seabee Puna Çakmaktepe Mackay Santoy 8 & 9 Chinchillas Extension (Ardich) Cöpler In-Pit/Saddle Valmy Santoy GHW/FW Cortaderas Çöpler Copper (C2) New Millenni
Slide 11: Asset Overviews
MINING ASSET OVERVIEWS
Slide 12: Çöpler: Flagship Asset with a 22+ Year Mine Life
Çöpler: Flagship Asset with a 22+ Year Mine Life Resuming Operations in Q3/22 Location: Türkiye Stage: Production Çöpler District Mining: Open Pit Ownership: 80% Processing: Heap leach, POX Land: ~26,000 ha H1 2022 Highlights ▪ Gold production of 122 koz at production cost of $965/oz and AISC * of $
Slide 13: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Long-life Open Pit With Significant Exploration Upside Location: USA Stage: Production Marigold Exploration Targets Mining: Open Pit Ownership: 100% Processing: ROM, Heap Leach Land: ~20,000 ha H1 2022 Highlights ▪ Gold production of 80 koz at production cost
Slide 14: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Underground Gold Mine With History of Mineral Reserve Conversion Location: Canada Stage: Production Seabee Site Plan View Mining: Underground Ownership: 100% Processing: Gravity concentration, Land: ~62,000 ha cyanide leaching H1 2022 Highlights ▪ Record firs
Slide 15: Puna: Large Open-Pit Silver Producer
Puna: Large Open-Pit Silver Producer Near-mine Exploration Advancing in 2022 Location: Argentina Stage: Production Puna Exploration Targets Mining: Open Pit Ownership: 100% Processing: Flotation Land: ~10,000 ha H1 2022 Highlights ▪ Silver production of 3.3 Moz Ag at production cost of $19.31/oz and
Slide 16: Appendix
MINING Appendix
Slide 17: Çakmaktepe Extension: Progressing to 1st Production in 2023
Çakmaktepe Extension: Progressing to 1st Production in 2023 Strong Potential for Further Conversion and Resource Growth Overview Çakmaktepe Extension Geological Cross Section * ▪ Çakmaktepe Extension located ~6 km from Çöpler ▪ 2021 Initial Mineral Reserve included in CDMP21 ▪ 1.68Moz Au in total Mi
Slide 18: Copper Hill: Greenfield Discovery
Copper Hill: Greenfield Discovery Near-surface Copper Sulfide Mineralization Overview 2021 Exploration Drilling & Sampling ▪ Located in the Black Sea region of northeast Türkiye; 70% owned by SSR Mining ▪ Drilling started in 2018, with 35 holes (~11,000 m) drilled to-date * ▪ Highlight intercepts in
Slide 19: Marigold: Targeting Additional Oxide Mineralization
Marigold: Targeting Additional Oxide Mineralization New Millennium Target Presents Opportunity for Resource Growth Recent Drilling * At New Millennium Target Recent Exploration Highlights ▪ Marigold currently hosts a mine life of +10 years, with current exploration focused on additional oxide ore th
Slide 20: First Mover Advantage in Saskatchewan
First Mover Advantage in Saskatchewan Pipeline of Regional Targets Across Underexplored Province Saskatchewan Platform Crossfire ▪ Seabee is the only producing gold mine in Saskatchewan Valmy ▪ Acquisition of Taiga Gold Corp. * significantly expands SSR Mining’s regional platform in the province: Va
Slide 21: Seabee Exploration Program Yielding Positive Results
Seabee Exploration Program Yielding Positive Results Gap Hanging Wall Reserves Included in 2021 R&R Statement Overview Highlight Intercepts * At Seabee’s Joker Target ▪ 2021 drilling focused on brownfields development targets across Seabee and Fisher properties ▪ Gap Hanging Wall (GHW) hosts potenti
Slide 22: Endnotes
Endnotes 1. Mineral Reserves and Mineral Resources for Çöpler, Marigold, Seabee, Puna, San Luis, Pitarrilla, and Amisk as of December 31, 2021. Mineral Reserves and Mineral Resources are shown on a 100% basis. Mineral Resources are stated exclusive of Mineral Reserves. For details see our news relea
Slide 23: 2022 Guidance
Non-GAAP Reconciliations 2022 Guidance Table, Free Cash Flow Operating Guidance (100% basis) (15,16, 19) Çöpler (17) Marigold Seabee Puna Other Consolidated Gold Production koz 220 - 250 215 - 245 150 - 160 — — 585 - 655 Silver Production Moz — — — 8.0 - 9.0 — 8.0 - 9.0 Gold Equivalent Production ko
Slide 24: Cash Costs and AISC
Non-GAAP Reconciliations Cash Costs, AISC, Net Cash Three Months Ended June 30 2022 2021 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Total Production costs (GAAP) $63,095 $50,422 $19,015 $32,396 $0 $164,928 $166,946 By-product credits ($743) ($22) ($41) ($11,83
Slide 25: SSR Mining Inc. www.ssrmining.com
SSR Mining Inc. www.ssrmining.com F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Director, Corporate Development and Investor Relations Email: invest@ssrmining.com SSRM:NASDAQ / TSX, SSR:ASX