Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — European Gold Forum 2018

49 slides from Ssr Mining's conference presentation, Apr 18, 2018

1. Slide 1: A Track Record of Creating Value

   A TRACK RECORD OF CREATING VALUE April 2018

2. Slide 2: Cautionary Notes

   Cautionary Notes Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “f

3. Slide 3: Why SSR Mining?

   Why SSR Mining? A long-term track record of creating value Strong platform in favorable 1 jurisdictions Track record of creating Track record 6 2 shareholder of delivery value Leveraged to Track record gold with of growth and 5 3 attractive decreasing liquidity Track record costs of free cash flow 4

4. Slide 4: Strong Operating Platform in Favorable Jurisdictions

   1 Strong Operating Platform in Favorable Jurisdictions +8 year mine life expected at all three operations Marigold Seabee Puna Nevada: Saskatchewan: Argentina: Favorable #3 ranked #2 ranked +10 year operating Jurisdictions globally globally history 73K Diversified oz AuEq 202K Production oz Au 84K o

5. Slide 5: Track Record of Delivery

   2 Track Record of Delivery Six-year history of meeting or exceeding guidance Reliable trend of delivering more …at lower cash costs with less gold… variability 450 1,200 400 1,100 Gold-Equivalent Cash Costs ($/oz) Gold-Equivalent Production (K oz) 1,000 350 900 300 800 250 700 200 600 Production Gui

6. Slide 6: Track Record of Growth and Decreasing Costs

   3 Track Record of Growth and Decreasing Costs 500 $1,200 $1,000 400 Gold-Equivalent Cash Costs ($/oz) Gold-Equivalent Production (K oz) $800 300 $600 200 $400 100 $200 0 $0 2012A 2013A 2014A 2015A 2016A 2017A 2018E 2019E 2020E 2021E Puna Marigold Seabee Cash Costs Strong Outlook +32% increase in ann

7. Slide 7: Track Record of Free Cash Flow Generation

   4 Track Record of Free Cash Flow Generation $500 $400 Acquired Acquired Marigold Seabee Cash and Cash Equivalents ($M) for $268M (all shares) in cash $300 $200 $100 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 Ops

8. Slide 8: Leveraged to Gold with Attractive Trading Liquidity

   5 Leveraged to Gold with Attractive Trading Liquidity 2.77 2.70 2.65 2.53 2.51 2.26 2.17 2.12 Beta to Gold Price 2.07 1.98 1.89 1.87 SSR Mining McEwen Coeur Fortuna B2Gold Detour Torex New Gold Hecla Eldorado Tahoe Oceana 2.3% 2.2% Daily volume (% of shares out) 1.8% 1.3% 1.2% 1.2% 1.1% 1.0% 0.9% 0.

9. Slide 9: Track Record of Creating Net Asset Value Per Share

   6 Track Record of Creating Net Asset Value Per Share $12 +65% $11 $10 Net Asset Value ($/sh) $9 $8 $7 0% $6 $5 $4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 SSR Mining Peer Index Creating Value Operational Excellence and disciplined M+A are key differentiators Notes: Peer index represents an e

10. Slide 10: SSRM Investment Catalysts

    SSRM Investment Catalysts Delivering value and growth for our shareholders  Seabee ramp up to 1,050 tpd in 2019  Exploration drilling at Marigold and Seabee  First ore production at Chinchillas H2 2018  Pirquitas underground study in 2018  Marigold equipment replacement study in 2019 PAGE 10

11. Slide 11: Marigold Mine Update

    MARIGOLD MINE UPDATE GROWTH IN NEVADA

12. Slide 12: Marigold: Large Scale, Low-Cost Producer

    Marigold: Large Scale, Low-Cost Producer  Open pit, run-of-mine heap leach gold operation  Produced 202,240 ounces of gold in 2017 at cash costs of $647 per ounce  Q1 2018 gold production of 42,960 ounces  2018 mid-point guidance of 200,000 ounces Twin Creeks Goldstrike MARIGOLD Maverick Springs

13. Slide 13: Marigold Mineral Reserves and Resources Increased Y-o-Y

    Marigold Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade increased to 0.46 g/t 7 0.63 5.66 Gold Mineral Reserves and Mineral Resources 6 5 (million ounces) 4 0.36 3.19 2.84 (0.22) 0.21 3 2 1 0 2016 Depletion Model Exploration 2017 2017 M+I 2017 Reserves Assumptions Reserve

14. Slide 14: Transformation: Increased Production and Lower Costs

    Transformation: Increased Production and Lower Costs Targeting +250K oz gold production by 2022 Pre-Acquisition Revised LOMP Expanded Mine Plan 2015/2016 Reserves and Fleet +250K +150,000 oz Au +200,000 oz Au +225,000 oz Au oz Au 250 Gold Production (K oz) 200 150 100 50 0 2012A 2013A 2014A 2015A 20

15. Slide 15: Marigold: Equipment Replacement Study

    Marigold: Equipment Replacement Study In 2019, evaluate mine fleet investment plan  Scenario A: Replace existing mine fleet with like-for-like equipment consistent with current life of mine plan  Scenario B: Expand mine fleet with additional rope shovel, haul trucks and related support gear potent

16. Slide 16: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion 8N TZN 8S 8SX N Red HideOut Dot North Leach Pad Red Dot MUD Waste Valmy Mackay reserve pit outline Current mining area Basalt-Antler SSRM:NASDAQ/TSX PAGE 16

17. Slide 17: Marigold: Exploration Success and Resource Conversion

    Marigold: Exploration Success and Resource Conversion TZN 8D 8S 8SX N Red HideOut Dot North Leach Pad A’ EOY 2017 EOY 2017 February 2018 Original Gold Grade Mackay Pit Surface A Surface Model Reserve Pit EOY 2017 Resource Pit Shell Gold Grade (g/t) < 0.06 MRA6461 0.06 – 0.6 35.1 m at 0.86 g/t 0.6 –

18. Slide 18: Marigold: Opportunities

    Marigold: Opportunities  Continue to deliver robust operating margins  Additional hauling capacity and equipment replacement study  Mine-life extension through exploration at Valmy, East Basalt and Red Dot  2018 exploration budget of $9M, 80% increase from 2017  Deep sulphide exploration SSRM:N

19. Slide 19: Seabee Gold Operation Update

    SEABEE GOLD OPERATION UPDATE HIGH-GRADE GOLD MINE

20. Slide 20: Seabee: Overview

    Seabee: Overview High-margin underground operation in a stable jurisdiction  High-grade, underground mine in Saskatchewan, Canada  Strong safety and environmental practices  Large underexplored land position of +57,000 ha  Produced a record 83,998 ounces of gold in 2017 at cash costs of $602 per

21. Slide 21: Seabee Mineral Reserves and Resources Increased Y-o-Y

    Seabee Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade increased to 9.9 g/t 1,400 674 1,200 1,000 Gold Mineral Reserves and Resources 800 (thousand ounces) 681 600 166 437 361 92 400 200 0 2016 Depletion Exploration 2017 2017 M+I 2017 Reserves Reserves Resources Inferred R

22. Slide 22: Increasing Production at Lower Costs

    Increasing Production at Lower Costs 140 $1,200 Acquired 120 120 the Seabee Gold Operation May 31, 2016 $1,000 108 $998 $954 100 100 89 $800 Cash Costs ($/oz gold) 84 77 Gold Production (k oz) 80 $757 75 $663 $600 63 $602 $585 60 $525 $540 50 $504 45 $442 $400 40 $200 20 0 $0 2012A 2013A 2014A 2015A

23. Slide 23: Mill Dry Tonnes per Day

    1,250 Mill 1,050 test trials Forest fires Mill Dry Tonnes per Day 850 650 Decreased stope produced 450 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 SSRM:NASDAQ/TSX PAGE 23

24. Slide 24: Year End 2017 Santoy Mineral Resources

    Year End 2017 Santoy Mineral Resources Santoy Gap (9A, 9B, 9C) Santoy 8A 0m Elev 1.3m at 14.4g/t 5.8m at 6.4g/t (SUG-17-047) (SUG-17-042) 2.1m at 52.8g/t (JOY-16-701) Gap HW 9.9m at 8.2g/t (JOY-16-749) 2.8m at 26.6g/t (SUG-17-300) -400m Elev 2.1m at 10.8g/t 5.5m at 12.4g/t (SUG-17-919) 6.3m at 7.43g

25. Slide 25: Large, Contiguous Land Package

    Large, Contiguous Land Package 23,300 hectare land package at Seabee Carr target Seabee Mine/mill airstrip & camp Santoy Mine Fisher exploration camp 34,000 hectare land package at Fisher Project (option agreement) 10 km All weather road Gold occurrence Santoy shear zone SSRM:NASDAQ/TSX PAGE 25

26. Slide 26: Seabee: Opportunities

    Seabee: Opportunities  Deliver on PEA expansion case to 1,050 tpd  Drive Operational Excellence initiatives  Evaluate 1,200 tpd sustained mill throughput  80% increase in exploration to $9M in 2018  Santoy Gap Hanging Wall  Carr target Seabee Gold Operation  Fisher extension Flin Flon Saskato

27. Slide 27: Puna Operations Update

    PUNA OPERATIONS UPDATE LARGE-SCALE SILVER PRODUCER

28. Slide 28: Puna Operations Joint Venture

    Puna Operations Joint Venture Brownfields development for Pirquitas operating life extension  SSR Mining is the JV operator with a 75% interest  JV includes Chinchillas, a silver-lead-zinc deposit, and the Pirquitas plant and facilities located 45 km away  Chinchillas construction initiated Q1 20

29. Slide 29: Puna Operations: Near Term Growth by 2019

    Puna Operations: Near Term Growth by 2019 Significant LOM base metals exposure from lead and zinc 2018 Guidance Medium Term Outlook  Production: 8 $16 6.9 6.9 6.8 $14  Silver: 2.3M to 3.3M ounces Silver-Equivalent Production (M oz) Cash Cost ($/oz Silver-Equivalent) 6 $12  Lead: 5.3M to 9.4M lbs

30. Slide 30: Chinchillas Project Development On Track

    Chinchillas Project Development On Track  EIA approval received 2017  Construction activities and workforce hiring process underway  First blast anticipated May 2018  First ore to the Pirquitas mill Construction of tailings pumping infrastructure – concrete works anticipated in H2 2018 Chinchill

31. Slide 31: Portfolio Rationalization

    Portfolio Rationalization Maximizing value of portfolio with property sales 10 2 7 8. Maverick Springs 1 8 Brucejack 9. San Marcial 1. Marigold 7. Amisk Snowfield 2. Seabee 9 (Pretium) 5. San Luis 6 10. Sunrise Lake 3. Puna Operations Berenguela (Chinchillas) Diablillos Candelaria 4. Puna Operations

32. Slide 32: SSR Mining Inc.

    SSR Mining Inc. Delivering value and growth for our shareholders  Met or exceeded production guidance six consecutive years Production and Free Cash Flow  Production growth to +410,000 oz AuEq by 2021 Growth  First ore production at Chinchillas H2 2018  Ramp up at Seabee to 1,050 tpd in 2019 Nea

33. Slide 33: Value & Growth

    Value & Growth SSRM:NASDAQ/TSX PAGE 33

34. Slide 34: 2018 Production and Cash Costs Guidance

    2018 Production and Cash Costs Guidance Marigold Seabee Puna SSR Mining (75% interest) Gold Gold Silver Gold Equivalent Production 190K – 210K oz 85K – 92K oz 2.3M – 3.3M oz 305K – 345K oz Cash Costs $725/oz – $775/oz $560/oz – $610/oz $12.50/oz – $15.00/oz $705/oz – $760/oz (US$/oz) Mid-point Guida

35. Slide 35: Marigold Mine: Heap Leach Process

    Marigold Mine: Heap Leach Process  Once ore is loaded on the heap leach pad …  Average time to achieve primary recovery of +50% is 90 to 120 days  Average time to achieve overall recovery of 73% is seven to nine months  Most important factor to leach recovery time is loaded ore to ‘plastic’ dist

36. Slide 36: Seabee: Value Creation Opportunity

    Seabee: Value Creation Opportunity Seabee Island Gold Lamaque Nevada Operations (SSR Mining) (Alamos Gold) (Eldorado Gold) (Klondex Mines)⁴ Average Mill Throughput (tpd) 1,050 1,100 1,675 899 Average Milled Grade (g/t) 8.3 9.7 7.0 17.2 Mine Life (years) 7 8 10 n.a. Gold Recovery (%) 96.5% 96.5% 93.6

37. Slide 37: Seabee: Preliminary Economic Assessment

    Seabee: Preliminary Economic Assessment Expanded margins from higher throughput and grade  Increases mining rate by 21% to 1,050 tpd by 2019, compared to 2016  Mines 62% of Inferred Mineral Resources  Increases estimated LOM average gold production by 29% to 100,000 ounces per year (for the perio

38. Slide 38: Seabee: PEA Financial Summary and Sensitivity Analysis

    Seabee: PEA Financial Summary and Sensitivity Analysis Cash Flows ($M) Pre-tax NPV (5%) Sensitivities ($M) Net Revenue $893.5 Gold Price ($/oz) Operating Costs $(346.0) $1,200 $1,300 $1,400 Royalties and Other $(28.5) 1.20:1 $289 $346 $403 Canadian Δ in Working Capital $10.3 Exchange 1.25:1 $307 $36

39. Slide 39: Chinchillas Project: Data Sheet

    Chinchillas Project: Data Sheet (100% Basis) Near-term Production with Positive Pre-Feasibility Results Mine life: 8 years N Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd 6.1 Moz Silver Average annual 35.0 Mlb Lead production (8 years active mining): 12.3 Mlb Zinc 8

40. Slide 40: Pirquitas Underground Opportunity

    Pirquitas Underground Opportunity Focused on Mine Life Extension  Potential small-scale, high-grade ore feed from the Chocaya, Oploca and Pirquitas Cortaderas veins open pit (mined out Jan 2017)  Positive drill results from 2015 drill program:  3.16 meters at 1,436 g/t silver  1.93 meters at 1,8

41. Slide 41: San Luis Project and Pitarrilla Project

    San Luis Project: A unique high-grade gold reserve with exploration upside Pitarrilla Project: Large undeveloped silver resource San Luis Project Pitarrilla Project Feasibility Study Results (June 2010) Feasibility Study Results (December 2012) Mine life: 3.5 years Mine life: 32 years Average annual

42. Slide 42: Mineral Reserves

    Mineral Reserves (as of December 31, 2017) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest % Silver Gold millions g/t g/t % % Interest million oz million oz Proven Mineral Reserves Seabee Canada 0.26 7.58 100 0.06 Chinchillas Argentina 1.64 180 0.75 0.42 75 7.1 Total 7.1 0.06

43. Slide 43: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as of December 31, 2017) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest % Silver Gold millions g/t g/t % % Interest million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.57 9.29 100 0

44. Slide 44: Mineral Resources: Inferred

    Mineral Resources: Inferred (as of December 31, 2017) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest % Silver Gold millions g/t g/t % % Interest million oz million oz Inferred Mineral Resources Marigold U.S. 49.70 0.41 100 0.63 Seabee Canada 2.26 9.29 100 0.67 Chinchillas Arg

45. Slide 45: Reserves and Resources Notes to Tables

    Reserves and Resources Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources table have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo

46. Slide 46: Strong governance rating

    SSR Mining Inc. Strong governance rating Source: FactSet, ISS and BMO Capital Markets as of August 25, 2017. SSRM:NASDAQ/TSX PAGE 46

47. Slide 47: SSR Mining Executive Team and Board of Directors

    SSR Mining Executive Team and Board of Directors Depth of experience and a top governance rating Paul Benson Nadine J. Block W. John DeCooman, Jr. Gregory J. Martin Alan N. Pangbourne President and CEO VP, Human Resources VP, Business Development SVP and CFO COO and Strategy Michael Anglin Brian Boo

48. Slide 48: Share capital structure and top shareholders overview

    SSR Mining Inc. Share capital structure, convertible note and top shareholders overview Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck 12.0% 15% Renaissance Technologies 4.3% United States Sun Valley Gold 3.1% 10% Canada Investec Asset Management 2.6% United Ki

49. Slide 49: SSR Mining Inc.

    SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com

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