Slide 1: Year End 2019 Conference Call
YEAR END 2019 CONFERENCE CALL February 21, 2020
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
Slide 3: Track Record of Creating Shareholder Value
Track Record of Creating Shareholder Value ▪ Met or exceeded production and cost guidance for an eighth consecutive year ▪ Best year for safety as an operating company ▪ $504M of cash as of year-end 2019 ▪ Record annual production at all mines ▪ Continued exploration success ▪ Improved operating mar
Slide 4: Marigold Mine: Q4 & FY 2019 Results
Marigold Mine: Q4 & FY 2019 Results ▪ Produced 220,227 oz of gold in 2019 ▪ Annual cash costs of $811 per oz ▪ Produced 59,186 oz of gold in Q4 ▪ Hydraulic shovel delivered end of Q4 ▪ Completed construction of new leach pad on schedule and on budget Note: We report the non-GAAP financial measure of
Slide 5: Seabee Gold Operation: Q4 & FY 2019 Results
Seabee Gold Operation: Q4 & FY 2019 Results ▪ Delivered 112,137 oz of gold production, a record for the sixth consecutive year ▪ Annual cash costs of $464 per oz ▪ Produced 22,069 oz of gold in Q4 ▪ Exploration success driving tailings capacity increase ▪ Transportation of materials over ice road is
Slide 6: Puna Operations: Q4 & FY 2019 Results
Puna Operations: Q4 & FY 2019 Results ▪ Achieved steady-state throughput in Q4 2019 ▪ Produced 7.7M oz of silver, exceeding upwardly revised annual guidance ▪ Annual cash costs of $10.38 per oz ▪ Produced 2.1M oz of silver in Q4 ▪ 2019 silver recovery of 93.2%, higher than projected in pre-feasibili
Slide 7: Exploration Success in 2019
Exploration Success in 2019 ▪ At Marigold, converted Red Dot Mineral Resources to Mineral Reserves ▪ At Seabee, added underground Mineral Resources at Gap HW ▪ Continued exploration of greenfield targets close to our mines ▪ Disciplined, consistent approach to Mineral Reserves and Resources estimate
Slide 8: Gold Mineral Reserves and Resources
Marigold Mineral Reserves and Resources Mineral Reserves gold grade increased to 0.49 g/t 6 0.18 4.94 Gold Mineral Reserves and Resources 5 0.96 3.89 (million ounces) 4 3.30 (0.33) (0.05) 3 2 1 0 2018 Depletion Model Exploration + 2019 2019 M+I 2019 Reserves Assumptions Inventory Reserves Resources
Slide 9: Gold Mineral Reserves and Resources (thousand ounces)
Seabee Mineral Reserves and Resources Mineral Reserves gold grade increased to 10.17 g/t 2,000 583 Gold Mineral Reserves and Resources 1,600 483 (thousand ounces) 1,200 279 1,050 856 (108) 23 800 500 400 0 2018 2018 Depletion Conversion Gap HW M&I 2019 2019 2019 Inferred M+I M+I Inferred Reserves Re
Slide 10: Silver Mineral Reserves and Resources
Puna Mineral Reserves and Resources Mineral Reserves silver grade of 149 g/t plus base metals 160 42.7 Silver Mineral Reserves and Resources (million ounces) 120 110.7 80 12.4 49.7 38.7 (5.8) 4.4 40 0 2018 Depletion Model Acquisition of 2019 2019 M+I 2019 Reserves Assumptions 25% Interest Reserves R
Slide 11: Focus on Continued Resource Growth and Discovery
Focus on Continued Resource Growth and Discovery ▪ Focus on Mineral Resources growth at Marigold and Trenton Canyon ▪ ~64km drilling planned ▪ $12M exploration spend ▪ Focus on Mineral Reserves and Mineral Resources growth at Seabee ▪ ~87km drilling planned ▪ $12M exploration spend ▪ Fisher project:
Slide 12: Selected Financial Results
Selected Financial Results Units Q4 2019 Q4 2018 2019 2018 Gold Equivalent Production oz 106,205 88,718 421,828 347,090 Gold Sales oz 85,450 72,261 331,872 290,294 Silver Sales Moz 2.6 0.9 7.7 3.8 Total Gold Equivalent Sales oz 114,268 82,439 415,383 335,267 Revenue $M $177.6 $103.7 $606.9 $420.7 In
Slide 13: 2020 Operating Guidance
2020 Operating Guidance Record corporate gold equivalent production expected in 2020 Marigold Seabee Puna SSR Mining Gold Gold Silver Gold Equivalent Production 225K – 240K oz 110K – 120K oz 6.0M – 7.0M oz 400K – 450K oz Cash Costs (US$/oz) $780/oz – $810/oz $460/oz – $500/oz $10.50/oz – $12.00/oz $
Slide 14: Track Record of Creating Value
Track Record of Creating Value ▪ Focus on safe production ▪ Met or exceeded guidance for eighth straight year in 2019 ▪ ~425,000 oz of gold equivalent production forecast in 2020 ▪ Strong margins at current metal prices ▪ Continuing to invest in exploration Notes: Please refer to “Cautionary Notes”
Slide 15: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com