Slide 1: Q3 2021 Conference Call
A FREE CASH FLOW FOCUSED GOLD PRODUCER Q3 2021 Conference Call November 2021
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 Operations and Projects Across Six Jurisdictions ‘21 production guidance: 720 – 800 koz AuEq (1) High Quality ‘21 AISC guidance reduced to $1,000 –$1,040/oz (1) Diversified Operations 9+ Moz AuEq Mineral Reserves (2) Portfolio Seabee Proj
Slide 4: Developing a Sustainable Legacy
Developing a Sustainable Legacy Creating Value Through Responsible and Sustainable Operations (9) Establishing strong Creating positive Lasting Safe, healthy and governance and legacies in environmental competent transparency communities stewardship workforce Updated suite of Building a science- Zer
Slide 5: ESG: A Core Value
ESG: A Core Value Continuous Improvement in ESG Practices ISS Ranks SSR Mining in the Top Quartile of the Mid-Cap Peer Group on ESG Metrics 25 Top Quartile Total ISS ESG Rating 20 15 10 5 0 Peer 1 Peer 2 SSRM Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 MSCI Upgrades SSR
Slide 6: Continuing to Build on Proven History of Mine Building And M&A
Continuing to Build on Proven History of Mine Building And M&A Recent Sale of Royalty Portfolio for US$100M Total Consideration Delivering Projects On Time & Building Value Through Disciplined M&A (17) Budget (16) POX Plant (Çöpler) SSRM / Alacer Merger Royalty Portfolio Sale Exploration -10% 1.3x A
Slide 7: Strong Operational Performance Drives AISC Guidance Reduction
Strong Operational Performance Drives AISC Guidance Reduction Operational Delivery, FCF Generation, Capital returns and Growth Priorities 2021 Production Guidance (1) Çöpler Au koz 310 – 340 Operational excellence and free cash flow generation Corporate Marigold Au koz 235 – 265 Continued improv
Slide 8: Q3 2021 Highlights
Q3 2021 Highlights Cost Guidance Improved as Operational Outperformance Continues Tracking Well Against 2021 Production Guidance, Cost Guidance Lowered Operational Q3 consolidated production of 187 koz AuEq at AISC of $1,006 / oz AuEq Year-to-date production of 583 koz AuEq at AISC of $990 /oz A
Slide 9: Continued Strong Quarterly Financial Results
Continued Strong Quarterly Financial Results Financial Highlights (15) EPS Bridge Units Q3 2021 Q2 2021 Gold Equivalent Production oz 186,941 199,673 Gold Sales oz 156,388 173,620 Silver Sales Moz 1.6 2.0 Total Gold Equivalent Sales oz 176,299 201,504 Revenue $M $322.8 $377.0 Income from Mine Operat
Slide 10: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet and Credit Metrics ~$900M of Consolidated Cash, 95% Held in USD (8) Net Debt to 2021E EBITDA (12) Centerra (2.1x) Face Value Debt Maturity Interest Rate ($M) IAMGOLD (1.3x) LIBOR + Market Capitalization (11) ~$3.3B Term Loan US$158 2023 3.50% - 3.7
Slide 11: Free Cash Flow Leader
Free Cash Flow Leader Aligning Peer Leading Free Cash Flow Yield with Capital Returns Yield 2021E Consensus Free Cash Flow Yield (4,5) % | Consensus Free Cash Flow (100% basis) / Market Capitalization 7%+ 11.0%+ 4.0%* SSR Mining Midcap Peer Group 2021E Capital Return Yield % | Consensus Capital Retu
Slide 12: SSR Mining Transitioning to U.S. GAAP Reporting
SSR Mining Transitioning to U.S. GAAP Reporting Conversion to SEC Issuer Should Provide Additional Access to US Investors Timing & Requirements Changes Effective As Of January 1, 2022 SSR Mining will report its full-year 2021 financial results under U.S. GAAP requirements 10-K Annual Report will
Slide 13: Track Record of Delivery
Track Record of Delivery On-track to Meet Guidance, Three-year Guidance Expected In Early 2022 Continuing To Deliver Against Production Growth (6) Production Guidance (6,7) MOE with Alacer COVID-19 Suspensions Commercial Production at Çöpler Sulfide Plant 800 750 Acquired Built Çöpler 720 Acquired S
Slide 14: Çöpler: Long Life, Low Cost Operation
Çöpler: Long Life, Low Cost Operation Location: Turkey Stage: Production Ownership: 80% POX Plant Mining: Open pit Processing: Heap leach, POX Land: ~27,000 ha Q3 2021 Highlights Gold production of 83 koz at $714/oz AISC 67 koz from the sulfide plant and 16 koz from the oxide plant Record tonn
Slide 15: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Location: Nevada, USA Stage: Production Ownership: 100% Marigold Rope Shovel Mining: Open pit Processing: ROM, heap leach Land: ~20,000 ha Q3 2021 Highlights Gold production of 52 koz at $1,307/oz AISC Third consecutive quarterly record material movement
Slide 16: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Location: Saskatchewan, Canada Stage: Production Ownership: 100% Seabee Mill Mining: Underground Processing: Gravity concentration, Land: ~60,000 ha cyanide leaching (including joint venture) Q3 2021 Highlights Quarterly gold production of 23 koz at $898/oz
Slide 17: Puna: Large Silver Producer
Puna: Large Silver Producer Location: Argentina Stage: Production Ownership: 100% Chinchillas Mine Mining: Open pit Processing: Flotation Land: ~10,000 ha Q3 2021 Highlights Silver production of 2.2 Moz Ag at AISC of $12.32/ oz No reportable safety incidents in the quarter Quarterly mill throu
Slide 18: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Releases From Marigold, Amisk & Copper Hill Expected in Q4 Near Mine Targets To Sustain And Grow From 700 – 800koz AuEq For At Least 10+ Years Çöpler District (+325koz 13) Marigold (+250koz 13) Seabee (+100koz 13) Puna (+6.5Mozpa 13) Ardich/Çakmaktepe Mackay Sa
Slide 19: Appendix
MINING Appendix
Slide 20: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of Experience and Track Record of Delivery Executive Team Rodney Antal Stewart Beckman F. Edward Farid Michael Sparks Alison White President, Chief EVP, Chief EVP, Chief Corporate EVP, Chief Legal & EVP, Chief Executive Officer Operating Officer Developmen
Slide 21: Focus On Near-mine Upside
Focus On Near-mine Upside Showcasing Longer-term Future Across Portfolio Çöpler Marigold Seabee Updated Çöpler District Master New Marigold District Master Plan New Seabee District Master Plan Plan (CDMP22) Technical Report Technical Report expected 2022 Technical Report expected 2022 due H1/2
Slide 22: Çöpler District Growth Pipeline
Çöpler District Growth Pipeline $33M Budget Focused on Conversion, Additions and Discovery 1 Ardich 1 2 Çöpler In-Pit 2 3 Çöpler Saddle 4 3 4 2 4 C2 Copper-Gold 1 3 5 5 Mavialtin 6 6 Turkey Regional 5 SSRM:TSX / NASDAQ, SSR:ASX PAGE 22
Slide 23: Ardich: Targeting Upside to PEA Case
Ardich: Targeting Upside to PEA Case(18) Strong Potential for Conversion and Resource Growth Overview Ardich 2021 Planned Drilling Ardich located ~6 km from Çöpler 2020 Mineral Resource and PEA case included 314 holes as of February 2020 Proposed 2021 Holes N CDMP20 PEA Pit Boundary 0.9Moz M&I
Slide 24: CDMP20: Alternate PEA Case Potential Increased Production
CDMP20: Alternate PEA Case Potential Increased Production ‘Tier 1’ Operation with Additional Upside PEA Case Life of Mine Production Summary (3,18) 400 391 Average of 2020 – 2029 10 Year Profile: 302koz 350 336 62% increase in LOM production 330 (18) 329 316 321 and 29% increase in mine life versus
Slide 25: Marigold Growth Pipeline
Marigold Growth Pipeline +70,000 Meters of Drilling Planned in 2021 Valmy N 5 4 1 Marigold Trenton 6 Canyon 2 3 500 meters 1 New Millennium 2 Trenton Canyon 3 Buffalo Valley 4 Valmy 5 Mackay Pit 6 Deep Sulfide SSRM:TSX / NASDAQ, SSR:ASX PAGE 25
Slide 26: Marigold: Barriers Removed, New Millennium Concept
Marigold: Barriers Removed, New Millennium Concept Provides Resource Upside with Higher Grade Potential New Millennium N Concept uncovered with recent property Crossfire purchases Valmy and Section 6 Basalt and Antler pits historically mined ~1Moz Valmy at 0.75 g/t Au Basalt current Mineral Re
Slide 27: Seabee Growth Pipeline
Seabee Growth Pipeline Testing +30km of Shear Zone Strike Length N Santoy Mine Complex 1 Santoy 8/9 Infill 23,300 hectare land Santoy Gap HW package at Seabee 2 Santoy HW 3 Joker Seabee mill, 4 airstrip & camp 1 2 4 Shane 3 6 5 Mac North Fisher exploration 5 camp 6 Yin Legend All weather road 37,700
Slide 28: Exploration Program Yielding Positive Results
Exploration Program Yielding Positive Results Gap Hanging Wall Reserves Expected in 2022 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 potential as Seabee’s next ext
Slide 29: Endnotes
Endnotes 1. Please see our news release dated January 19, 2021, and subsequent guidance update in the press release dated November 3, 2021. Gold equivalent production and AISC are based on a 76:1 gold to silver ratio. AISC is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Meas
Slide 30: SSR Mining Inc.
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