Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Investor Presentation (November 2012)

37 slides from Ssr Mining's investor presentation, Nov 8, 2012

  1. Slide 1: Corporate Presentation

    CORPORATE PRESENTATION November 2012 SSRI:NDAQ | SSO: TSX 1

  2. 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

  3. 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

  4. Slide 4: Why Silver Standard

    Why Silver Standard  Significant catalysts in 2012 Share Price 1 $14.93 Basic Shares Outstanding 2 80.7  Compelling valuation Market Capitalization $1,206  Large-scale primary silver assets Less: Net Cash 3 ($215) 4 Less: Pretium Interest ($256)  Pirquitas Less: Other Marketable Securities ($45)

  5. Slide 5: Our Assets

    Our Assets PRODUCTION Pirquitas Argentina DEVELOPMENT Pitarrilla Mexico San Luis Peru Diablillos Argentina San Agustin Mexico EXPLORATION Berenguela Peru Challacollo Chile Veta Colorada Mexico Candelaria United States Maverick Springs United States Sunrise Lake Canada SSRI:NDAQ | SSO: TSX 5

  6. Slide 6: 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 6

  7. Slide 7: Pirquitas at a Glance

    Pirquitas at a Glance (1) Expected 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 - $12.85 SSRI:NDAQ | SSO: TSX 7

  8. Slide 8: Pirquitas: Accomplishments and Goals

    Pirquitas: Accomplishments and Goals 2011 – Set up the mine to perform  Expanded crushing capacity   Resolved mill performance   Optimized mining fleet   Pursued long-term sales contract strategy  2012 – Deliver results  Consistent quarterly operating performance   Implement LT sales stra

  9. Slide 9: Pirquitas: Third Quarter Results

    Pirquitas: Third Quarter Results  Generated record revenues of $73.5 million  Sold a record of 2.8 million ounces  Produced 2.2 million ounces of silver, the second highest quarterly production in history  On track to meet annual direct mining cost guidance  Advanced the second phase of the pit

  10. Slide 10: Pirquitas: Production Outlook

    Pirquitas: Production Outlook 12.0 10.0 8.0 - 10.0  2012 Guidance Ounces Produced (millions) 8.2 - 8.5 8.0  8.2 - 8.5M oz Ag 7.1 6.0 6.3  10.5 - 11.5M lb Zn 3Q 2.2 4.0  $11.85 - $12.85 2Q 2.0 per ounce direct 2.0 mining cost 1.1 1Q 2.2 0.0 2009 2010 2011 2012E LOM * * Over first 6.5 years of the

  11. Slide 11: Pirquitas: Expanding The Resource

    Pirquitas: Expanding The Resource N S Cortaderas +53,000m Valley Current Pit Oploca TO BE DRILLED IN 2012 Potosí San Miguel 78 meters 100 m AVERAGING 200 m 756g/t SILVER & 300 m 9.8% ZINC Cortaderas Breccia Reserve Pit Limit Refer to the Company’s press release dated July 25, 2012. SSRI:NDAQ | SSO:

  12. Slide 12: Pirquitas: Brownfields Exploration

    Pirquitas: Brownfields Exploration Feb. 2012 survey area August 2012 survey area Expanded Cortaderas Breccia resource volume 500 m San Miguel open-pit Gravity Anomalies (dense rock) 2013 drilling targets SSRI:NDAQ | SSO: TSX 12

  13. Slide 13: Pitarrilla: Our Large Scale Opportunity

    PITARRILLA OUR LARGE SCALE OPPORTUNITY DISCOVERED BY SILVER STANDARD SSRI:NDAQ | SSO: TSX 13

  14. 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

  15. Slide 15: Pitarrilla: Progressing Feasibility Study

    Pitarrilla: Progressing Feasibility Study  M3 Engineering completing feasibility study  Feasibility study scheduled completion H2 2012  EIA documentation completed  Pit layout and plant design based on:  Open-pit mine – 16,000 tpd  Leach and flotation processing facilities  Production – silve

  16. Slide 16: Pitarrilla: Mineralization Zones

    Pitarrilla: Mineralization Zones Breccia Ridge South Ridge NE Cordon Colorado Javelina Creek -0m Approx. Oxide/Transitional Boundary -200 m Approx. Transitional/Sulphide Boundary -400 m Likely Pit Shape -600 m 0 200 400 metres -800 m Viewing window width is 700 m SSRI:NDAQ | SSO: TSX 16

  17. Slide 17: San Luis: High-Grade Gold and Silver Project

    SAN LUIS HIGH-GRADE GOLD AND SILVER PROJECT SSRI:NDAQ | SSO: TSX 17

  18. Slide 18: San Luis at a Glance

    San Luis at a Glance (3) Estimated 1.9M oz Ag Average Annual Production 78,000 oz Au Resources 8.9M oz Ag at 595.5 g/t (M + I) 0.35M oz Au at 25.2 g/t Estimated Mine Life 3.5 Years (Ayelén vein only) Estimated Capital Expenditures $90 - $100M Estimated Construction Time <2 Years SSRI:NDAQ | SSO: TSX

  19. Slide 19: San Luis: Recent Accomplishments

    San Luis: Recent Accomplishments  Feasibility study completed in Q2 2010 LA LIBERTAD  Consolidated interest in Q3 2011 ANCASH  Cochabamba community San Luis Antamina agreement signed in Q4 2011 Pierina (Barrick) HUÁNCO  EIA approved in Q3 2012  Progressing negotiations with PASCO Ecash communit

  20. Slide 20: San Luis: Next Steps

    San Luis: Next Steps  Drill the BP Zone targeting a copper porphyry  Continue advancing community programs  Land access agreements  Sustainable development projects SSRI:NDAQ | SSO: TSX 20

  21. Slide 21: San Agustin at a Glance

    San Agustin at a Glance (4) Resources 48M oz Ag (M + I) 1.59M oz Au 2012 Focus Expand gold resource with drilling program Disseminated oxide and sulfide deposit Project Description Surface minable Near critical infrastructure SSRI:NDAQ | SSO: TSX 21

  22. Slide 22: San Agustin: Mineralization Zones

    San Agustin: Mineralization Zones Peñoles Peñoles Areas Targeted for Prior Resource Area Au-Ag-Zn resource Oxide Gold Reserves 122.1 Mt indicated at 0.41g Au/t, 12.3g Ag/t, 0.49% Zn 92.9 Mt inferred at 0.36g Au/t, 12.5g Ag/t, 0.48% Zn SSRI:NDAQ | SSO: TSX 22

  23. Slide 23: Our Future

    Our Future 400KHECTARES $25M OF UNDEREXPLORED, PROSPECTIVE LAND 2012 EXPLORATION INVESTMENT SSRI:NDAQ | SSO: TSX 23

  24. Slide 24: 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: $256M* = Budgeted 2012 Bowdens Sold for A$75M Drilling Programs * Based on 18.9 million shares at a pric

  25. Slide 25: Silver Fundamentals

    Silver Fundamentals A MULTI-BENEFIT METAL  Monetary  Industrial AN INCREASINGLY IMPORTANT RESOURCE  Growing industrial demand  Finite resource base SSRI:NDAQ | SSO: TSX 25

  26. Slide 26: Management Team

    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 and Strategy Bruce Kennedy Robert Byrd Wade Stogran Andrew Sharp Trevor Yeomans General M

  27. Slide 27: Strong Balance Sheet

    +8Moz 11 active projects EXPECTED ANNUAL PRODUCTION DIVERSIFIED PORTFOLIO $353Mcash STRONG BALANCE SHEET1 Full technical team 1.1Boz S I LV E R R E S O U R C E S 2 EXPERIENCE AND SKILL 189Moz S I LV E R R E S E R V E S 1 Cash balance as of September 30, 2012. 2 Silver resources include Measured and

  28. Slide 28: Key Goals for 2011 / 2012

    Key Goals for 2011 / 2012 2011  Improve the performance of Pirquitas   Accelerate Pitarrilla sulphide and oxide project   Enhance liquidity for our development projects   Build capability and deliver value through our people  2012  Quarter-on-quarter performance to plan at Pirquitas   Add

  29. Slide 29: Now: Building Performance

    NOW BUILDING PERFORMANCE SSRI:NDAQ | SSO: TSX 29

  30. Slide 30: Mineral Reserves

    Mineral Reserves (as at December 31, 2011) Mineral Reserves Metal grade Contained metal Tonnes Silver Gold Lead Zinc Silver Gold (mil.) (g/t) (g/t) (%) (%) (mil. oz) (mil. oz) Pirquitas Proven 9.8 180.8 - - 0.51 57.2 - Probable 5.0 168.4 - - 1.04 26.9 - Stockpiles 1.5 129.5 - - 1.04 6.2 - Pitarrilla

  31. Slide 31: Mineral Resources: Measured & Indicated

    Mineral Resources: Measured & Indicated (as at December 31, 2011) Measured & Indicated Mineral Resources (inclusive of Mineral Reserves) Metal grade Contained metal Tonnes Silver Gold Lead Zinc Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas Measured 12.9 155.3 - - 0.

  32. Slide 32: Mineral Resources: Inferred

    Mineral Resources: Inferred (as at December 31, 2011) Inferred Mineral Resources Metal grade Contained metal Tonnes Silver Gold Lead Zinc Copper Silver Gold (mil.) (g/t) (g/t) (%) (%) (%) (mil. oz) (mil. oz) Pirquitas 7.0 99.7 - - 2.9 - 22.6 - Pitarrilla* 31.3 64.7 - 0.18 0.44 - 65.0 - San Luis 0.02

  33. Slide 33: Reserves & Resources: Notes to Tables

    Reserves & Resources: Notes to Tables The Reserves and Resources Tables have been prepared in accordance with National Instrument 43-101 and Companion Policy 43-101CP. All Mineral Resource estimates in the Measured and Indicated categories are reported inclusive of Mineral Reserve estimates. Mineral

  34. Slide 34: Reserves & Resources: Notes to Tables

    Reserves & Resources: Notes to Tables Diablillos Mineral Resources are estimated at a cut-off grade of US$10.00 recovered metal value (RMV), using US$700 per troy ounce gold and US$11.00 per troy ounce silver, and recoveries of 65% gold and 40% silver, as presented in the Company’s Technical Report

  35. Slide 35: 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 website. See news release dated August 8, 2012 for cost guidance. New reserve and resources estimates account for minin

  36. Slide 36: Silver Standard

    SILVER STANDARD SSRI:NDAQ| SSO: TSX 36

  37. Slide 37: Corporate Presentation

    CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 37

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