Slide 1: Corporate Presentation
CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 1
Slide 2: Notes Regarding Forward Looking Statements
Notes Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within Canadian securities laws (collectively “forward looking statements”) re
Slide 3: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors All disclosure about our exploration properties in this Presentation conforms to the standards of United States Securities and Exchange Commission (the “SEC”) Industry Guide 7, Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operati
Slide 4: 189Moz Silver Reserves
189Moz SILVER RESERVES SSRI:NDAQ | SSO: TSX 4
Slide 5: $364M cash: Strong Balance Sheet
$364Mcash STRONG BALANCE SHEET Cash balance as of March 31, 2012. Includes cash of $293 million and $71 million in subsequent proceeds from exercised Pretium warrants. SSRI:NDAQ | SSO: TSX 5
Slide 6: Silver Fundamentals
Silver Fundamentals A MULTI-BENEFIT METAL Monetary Industrial AN INCREASINGLY IMPORTANT RESOURCE Growing industrial demand Finite resource base SSRI:NDAQ | SSO: TSX 6
Slide 7: Our Assets
Our Assets PRODUCTION Pirquitas Argentina DEVELOPMENT Pitarrilla Mexico San Luis Peru Diablillos Argentina EXPLORATION Berenguela Peru Challacollo Chile San Agustin Mexico Veta Colorada Mexico Candelaria United States Maverick Springs United States Sunrise Lake Canada SSRI:NDAQ | SSO: TSX 7
Slide 8: Pirquitas: One of the Largest Open-Pit Primary Silver Mines
PIRQUITAS ONE OF THE LARGEST OPEN-PIT PRIMARY SILVER MINES IN THE WORLD Source: Metals Economics Group. Based on annual production. SSRI:NDAQ | SSO: TSX 8
Slide 9: Pirquitas at a Glance
Pirquitas at a Glance (1) Average Annual Production +8.0M oz Ag 90Moz Resources (M + I) 147M oz Ag Mine Life 9 years 2012E direct mining RESERVES cost / oz $11.85 SSRI:NDAQ | SSO: TSX 9
Slide 10: Pirquitas: Recent Accomplishments
Pirquitas: Recent Accomplishments Improved milling efficiency Rebuilt ball mill gearbox Q4 2011 Increased crushing capacity Installed new tertiary crusher Q1 2011 Operating at or above designed levels Milling rates averaging above 4,500 tpd Recovery rates averaging 78% Secured two lo
Slide 11: Pirquitas: Production Outlook
Pirquitas: Production Outlook 12.0 10.0 8.0 - 10.0 2012 Guidance Silver Ounces Produced (millions) 8.2 - 8.5M oz Ag 8.2 - 8.5 8.0 7.1 6.0 6.3 10.5 - 11.5M lb Zn 4.0 2.0 1.1 0.0 2009 2010 2011 2012E LOM * * Over first 6.5 years of the mine plan. The final 2.5 years of production is the re-proce
Slide 12: Pirquitas: Expanding The Resource
Pirquitas: Expanding The Resource N S Cortaderas Current Pit Oploca +22,000m Valley Potosí TO BE DRILLED IN 2012 San Miguel 2-Level 100 m 200 m GEOPHYSICAL PROGRAM 300 m Cortaderas Breccia Reserve Pit Limit = Drilling Targets SSRI:NDAQ | SSO: TSX 12
Slide 13: Pitarrilla: Our Large Scale Opportunity
PITARRILLA OUR LARGE SCALE OPPORTUNITY DISCOVERED BY SILVER STANDARD SSRI:NDAQ | SSO: TSX 13
Slide 14: Pitarrilla at a Glance
Pitarrilla at a Glance (2) Mine Design Open-Pit Plant Design 16,000 tpd with Leach & Flotation Circuits Resources (M + I) 656M oz Ag Estimated Construction Time ~3 Years SSRI:NDAQ | SSO: TSX 14
Slide 15: Pitarrilla: Recent Accomplishments
Pitarrilla: Recent Accomplishments $25M investment in August 2011 Hired project manager and development team Baseline environmental survey commenced Released updated mineral resource estimate Measured + Indicated: 655.7M oz Ag Inferred: 65.0M oz Ag Advanced construction and operations
Slide 16: Pitarrilla: 2012 Feasibility Study
Pitarrilla: 2012 Feasibility Study Contracted M3 Engineering for Feasibility study Scheduled to be completed by H2 2012 Design based on: 16,000 tpd open-pit mine Leach and flotation processing facilities Producing silver doré and separate zinc and lead concentrates SSRI:NDAQ | SSO: TSX 1
Slide 17: Pitarrilla: Mineralization Zones
Pitarrilla: Mineralization Zones W Breccia Ridge E Javelina Creek / East South Ridge Cordon Colorado Likely Pit Shape SSRI:NDAQ | SSO: TSX 17
Slide 18: San Luis: High-Grade Gold and Silver Project
SAN LUIS HIGH-GRADE GOLD AND SILVER PROJECT SSRI:NDAQ | SSO: TSX 18
Slide 19: San Luis at a Glance
San Luis at a Glance (3) Estimated Average 1.9M oz Ag Annual Production 78,000 oz Au Resources 8.9M oz Ag (M + I) 0.35M oz Au Estimated Mine Life 3.5 Years (Ayelén vein only) Estimated Cap-Ex $90 - $100M Estimated Construction Time <2 Years SSRI:NDAQ | SSO: TSX 19
Slide 20: San Luis: Recent Accomplishments
San Luis: Recent Accomplishments Feasibility study LA LIBERTAD completed in Q2 2010 Consolidated interest in ANCASH Q3 2011 San Luis Agreement with Pierina (Barrick) Antamina HUÁNCO Cochabamba community Progressing negotiations with Ecash community PASCO LIMA 20 mi 50 km JUNÍN SSRI:NDAQ | SS
Slide 21: San Luis: 2012 Focus
San Luis: 2012 Focus Drill the BP Zone targeting a copper porphyry Gain approval for the Environmental Impact Statement Continue advancing community programs Land access agreements Sustainable development projects SSRI:NDAQ | SSO: TSX 21
Slide 22: Diablillos at a Glance
Diablillos at a Glance (4) Resources 77M oz Ag (M + I) 0.64M oz Au 2012 Focus Increase resources with drilling program in H2 2012 SSRI:NDAQ | SSO: TSX 22
Slide 23: San Agustin at a Glance
San Agustin at a Glance (5) Resources 48M oz Ag (M + I) 1.59M oz Au 2012 Focus Expand gold resource with drilling program in H2 2012 SSRI:NDAQ | SSO: TSX 23
Slide 24: Our Future
Our Future 400KHECTARES +$25M OF UNDEREXPLORED, PROSPECTIVE LAND 2012 EXPLORATION INVESTMENT SSRI:NDAQ | SSO: TSX 24
Slide 25: Successful Exploration Track Record
Successful Exploration Track Record Reserves 189M oz Ag Measured & Indicated 1,148M oz Ag (Inclusive of reserves) Inferred 373M oz Ag Snowfield + Cash Proceeds: $400M Brucejack Retained Interest: $251M* = Budgeted 2012 Bowdens Sold for A$75M Drilling Programs * Based on 18.9 million shares at a pric
Slide 26: Management and Board of Directors
Management and Board of Directors Management Team John Smith Joe Phillips Gregory Martin Ron Burk John DeCooman President, CEO SVP, Operations SVP and Chief VP, Exploration VP, Business and Director and Development Financial Officer Development Board of Directors Peter Tomsett Richard C. Campbell Mi
Slide 27: Now: Building Performance
NOW BUILDING PERFORMANCE SSRI:NDAQ | SSO: TSX 27
Slide 28: Why Silver Standard
Why Silver Standard Significant catalysts in 2012 Share Price1 $12.54 Basic Shares Outstanding 2 80.7 Compelling valuation Market Capitalization $1,013 Large-scale primary silver assets Less: Net Cash3 ($226) 4 Less: Pretium Interest ($251) Pirquitas Less: Other Marketable Securities ($40) T
Slide 29: Mineral Reserves
Mineral Reserves (6) Mineral Reserves Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas Proven 9.8 180.8 - - 0.51 0.26 57.2 - Probable 5.0 168.4 - - 1.04 0.19 26.9 - Stockpiles 1.5 129.5 - - 1.04 0.15 6.2 - Pitarrill
Slide 30: Mineral Resources: Measured & Indicated
Mineral Resources: Measured & Indicated (6) Measured & Indicated Mineral Resources (inclusive of Mineral Reserves) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas Measured 12.9 155.3 - - 0.48 0.24 - 64.6
Slide 31: Mineral Resources: Inferred
Mineral Resources: Inferred (6) Inferred Mineral Resources Metal grade Contained metal Tonnes Silver Gold Lead Zinc Tin Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas 7.0 99.7 - - 2.9 0.04 - 22.6 - Pitarrilla 31.3 64.7 - 0.18 0.44 - 0.01 65.0 - San Luis 0.0 270.1
Slide 32: Reserves & Resources: Notes to Tables
Reserves & Resources: Notes to Tables The Mineral Reserves & Resources Summary complies with National Instrument 43-101. Mineral Reserves have been calculated based on the following metal prices and cutoffs: Silver Tin Lead Zinc Copper Gold Cut-off Property (US$/oz) (US$/lb) (US$/lb) (US$/lb) (US$/l
Slide 33: Presentation Footnotes
Presentation Footnotes 1) See the NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina, dated December 23, 2011 filed on SEDAR and available on the company’s web site. See news release dated January 12, 2012, for cost guidance. New reserve and resources estimates account for m
Slide 34: Corporate Presentation
CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 34