Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Denver Gold Show 2010
32 slides from Ssr Mining's conference presentation, Sep 19, 2010
Slide 1: Slide 1
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation includes certain “forward‐looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward‐looking information within the meaning of Canadian securities laws (collectively, "forward‐looking statement
Slide 3: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors National Instrument 43‐101 Standards of Disclosure for Mineral Projects (“NI 43‐101”) is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concernin
Slide 4: Silver Producer Focused On the Americas
Silver Producer Focused On the Americas Production G Growth th Exploration Pipeline 4 NDAQ:SSRI/TSX:SSO
Slide 5: Large Silver and Gold Asset Base
Large Silver and Gold Asset Base (9) Australia A t li Chile Peru 5% 2% 5% Total Silver Reserves & Resources (mil oz.)* Proven & P P Probable b bl US 291.9 15% Mexico Reserves 43% Measured & Indicated Canada 1,120.4 Resources 13% Argentina Inferred Resources 516.7 17% Total Gold Reserves & Resources
Slide 6: Accretive Growth in Silver
Accretive Growth in Silver (1) (as at December 31, 2009) Silver Reserves and Resources Per Share Silver Reserves and Resources (‘000 oz Silver) (oz per share) 2,000 28 24 1,500 20 16 1,000 12 500 8 4 0 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Inferred Measured & Indicated Proven & Probabl
Slide 7: Accretive Growth in Gold
Accretive Growth in Gold (1) ((as at December 31,, 2009)) Gold Resources Per Share Gold Resources (million oz Gold) (oz per share) 50 0.60 40 0.40 30 20 0 20 0.20 10 0 0.00 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Inferred Measured & Indicated Inferred per Share Measured & Indicated per Sha
Slide 8: Our Corporate Strategy
Our Corporate Strategy • Grow the business • Continue to increase ounces in the gground and production • Strengthen balance sheet and operating systems • Develop quality assets • Focus on low cost, long‐lived projects • Rationalize the p project j portfolio p • Grow our capability • Project manageme
Slide 9: Portfolio Management
Portfolio Management M&A Monetize Exploration Growth Production Monetize M&A … and actively managing the asset base 9 NDAQ:SSRI/TSX:SSO
Slide 10: Growth Pipeline
Growth Pipeline Grass roots Exploration Growth Production • Snowfield, Canada • San Luis, Peru Americas generative • Brucejack, Canada • Pitarrilla, Mexico • Pirquitas, Argentina exploration • San Agustin, Mexico • Diablillos, Argentina programs g , Peru • Berenguela, Portfolio of +25 • Challacollo,
Slide 11: 2010 Corporate Objectives
2010 Corporate Objectives • Pirquitas – Generating cash flow in 2010 Production • 2010 Production guidance of 7 million ounces silver, 600,000 pounds tin and 3 million pounds zinc • San Luis feasibilityy studyy Q2 Q 2010 Growth • Pitarrilla underground feasibility study Q4 2010 • Diablillos prelimin
Slide 12: Production: The Pirquitas Mine
Production: The Pirquitas Mine BOLIVIA Pacific Ocean Jujuy Pirquitas Mine P Abra Pampa San Pedro de Atacama Salta Susques Humahuaca Antofagasta CHILE San Antonio San Salvador de los Cobres de Jujuy Diablillos Project Salta ARGENTINA 0 100 200 Mine Highway ‐ Road Concentrate route km 12 NDAQ:SSRI/TSX
Slide 13: Pirquitas … Up and running
Pirquitas … Up and running (2) • Mine and processing plant operating at capacity Mine Statistics Proven and Probable Reserve 195.1 mm oz Ag • Expected to process sulphide ore Q3 Mining rate 6,000 tpd • Tin circuit commissioned Processing rate 4,000 tpd • Mine producing zinc concentrates available fo
Slide 14: Pirquitas Open Pit and Process Facility
Pirquitas Open Pit and Process Facility Open Pit Looking North Pre‐Concentrator Pre Concentrator Ball Mill Concentrator Powerhouse Warehouse 14 NDAQ:SSRI/TSX:SSO
Slide 15: Growth: San Luis JV Project, Peru
Growth: San Luis JV Project, Peru Roads Veins Exploration Exploration Potential Potential Roads Base Metal Base Metal Mineralization Mineralization Veins Roads • High‐grade gold and silver project (Ayelén vein) • Large, prospective land package near Barrick’s world‐ class Pierina gold mine • Contain
Slide 16: San Luis JV Project
San Luis JV Project (3) Last study completed Feasibility, June 2010 Next steps EIS, community agreements, production decision Mine type Underground, 400 tpd Years to construct Two years from production decision Capex US$90.4 million Mine life 3.5 years based on current reserves Annual Production Gol
Slide 17: Growth: Pitarrilla Project, Mexico
Growth: Pitarrilla Project, Mexico N San Francisco de Asis Torréon Casas Blancas New / Upgraded Road Pitarrilla Project Durango Durango 0 50 100 km Approximately Toll Road Highway Dirt Road Railroad 17 NDAQ:SSRI/TSX:SSO
Slide 18: Pitarrilla Project, Mexico
Pitarrilla Project, Mexico (4) Last study completed Pre‐feasibility, September 2009 Next step Feasibility, Q4 2010 Mi type Mine t Underground, U d d 4,000 4 000 tpd t d Open pit potential Capex US$278 million Mine life 12 years Annual Production Silver: 7 million oz Ownership 100% 18 NDAQ:SSRI/TSX:S
Slide 19: Growth: Snowfield-Brucejack Projects, BC
Growth: Snowfield‐Brucejack Projects, BC Mitchell Zone Snowfield Zone Seabridge Gold Snowfield Project (SSRI – 100%) Brucejack Project (SSRI – 100%) SG Zone West Zone Galena Hill Mammoth Electrum Zone Zone Bridge Zone 0 1,000 2,000 metres 19 NDAQ:SSRI/TSX:SSO
Slide 20: Snowfield/Brucejack Projects
Snowfield/Brucejack Projects One of North America’s largest gold resources is wholly‐owned by Silver Standard 20 NDAQ:SSRI/TSX:SSO
Slide 21: Snowfield-Brucejack Projects
Snowfield‐Brucejack Projects (6)(7) Last study completed Preliminary assessment, September 2010 Next steps Resource updates, H1 2011 Mine type Open pit, 120,000 tpd Capex US$3.5 billion Mine life 27 years Annual production Gold: 700,000 oz Silver: 4,160,000 oz Copper: 44,580,000 lb Molybdenum: l bd
Slide 22: Growth: Diablillos Project, Argentina
Growth: Diablillos Project, Argentina (5) Drill Hole Mineralized Intersection 4430m Mineralized Zone 4330m 4230m 4130m 4030m NE SW 0 100 200 metres Diablillos Resource Estimate – July 2009 Contained Tonnes Silver Gold Silver Gold Category (mil) (g/t) (g/t) (mil oz.) (mil oz.) Indicated 21.6 111.0 0.
Slide 23: Diablillos Project
Diablillos Project • High sulphidation epithermal silver‐gold project located in Salta, 171 miles south of Pirquitas • Silver in the main area of mineralization is both oxide and sulphide in nature • Preliminary Assessment commenced 23 NDAQ:SSRI/TSX:SSO
Slide 24: Exploration Expertise Delivers Value
Exploration Expertise Delivers Value • Diverse exploration portfolio • Projects are silver dominant, but include gold, copper, zinc, molybdenum and lead • Projects are Americas‐focused • Accomplished technical team • Consistent low silver and gold finding costs • Objective: amass large land packages
Slide 25: Portfolio Projects
Portfolio Projects (8)(9) ((Amounts in millions of ounces of silver attributed to Silver Standard)) San Agustín, Mexico Berenguela, Peru Challacollo, Chile Veta Colorada, Mexico Indicated: 48 Indicated: 66 Indicated: 19 Resource estimate underway Inferred: 37 Inferred: 22 Inferred: 24 Candelaria, US
Slide 26: Executive Management and Board
Executive Management and Board John Smith Peter Tomsett Richard C. Campbell, MBE President, CEO and Director Ex Placer Dome Ex British Petroleum George Paspalas Mike Anglin David Johnston Chief Operating Officer Ex BHP Billiton Ex Highland Valley Copper Joe Ovsenek John Brodie, FCA Richard D. Paters
Slide 27: The Silver Standard Team
The Silver Standard Team • Building on our exploration success • Focusing i on growth h through h h project delivery • B Building ildi quality li teams for f allll aspects of our business • Working W ki with ith our communities iti • Operating safely and sustainably • Delivering value for our shareh
Slide 28: 2010 Corporate Objectives
2010 Corporate Objectives Produce 7 million ounces of silver at Pirquitas Complete San Luis feasibility Q2 Complete Snowfield PEA H2 Snowfield / Brucejack exploration programs Q3 Complete Pitarrilla underground feasibility Q4 Diablillos PA study Q4 San Agustin exploration program
Slide 29: Silver Standard Resources Inc.
Silver Standard Resources Inc. (9)(10) (at September 14, 2010) • Market cap: US$1.6 billion • Shares outstanding: 78.8 million issued, 84.4 million fully diluted • 2010 share liquidity: ~1 million/day • Largest in‐ground silver resource of any silver company • Extensive E t i portfolio tf li off sil
Slide 30: Footnotes
Footnotes 1. Based on company shares outstanding as at December 31, 2009. Please also refer to footnotes 9 and 10. 2. See Technical Report on Mina Pirquitas, Silver, Tin and Zinc Project, Jujuy Province, Argentina dated September 29, 2008, filed on SEDAR and available on the company’s web site. 3. S
Slide 31: Notes
Notes SILVER STANDARD 31 NDAQ:SSRI/TSX:SSO
Slide 32: NDAQ:SSRI/TSX:SSO
NDAQ:SSRI/TSX:SSO 999 West Hastings Street – Suite 1400 Vancouver, BC V6C 2W2 +1 (604) 689-3846 www.silverstandard.com