Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Investor Presentation (January 2014)
28 slides from Ssr Mining's investor presentation, Jan 17, 2014
Slide 1: Corporate Presentation
CORPORATE PRESENTATION January 2014 SSRI:NDAQ | SSO: TSX 1
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Note Regarding Forward-Looking Statements: This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of Canadian securities laws (collectivel
Slide 3: Why Silver Standard?
Why Silver Standard? ASSETS CAPITAL MANAGEMENT Production and organic Funded with cash and Capable team of growth from a cash flow for growth managers & operators diversified portfolio and opportunity delivering on plan Leverage to silver SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 3
Slide 4: Our Business Portfolio
Our Business Portfolio San Luis del Cordero 10 8 7 8. Maverick 5. Berenguela 4. Diablillos Springs 2 2. Pitarrilla 9 Exploration Development Production 1. Pirquitas 6. Challacollo 9. San Marcial 3. San Luis 3 5 10. Sunrise Lake 7. Candelaria 6 1 4 San Agustin Snowfield Bowdens Brucejack Exceptional
Slide 5: Delivering Now and for the Future
Delivering Now and for the Future 2014 Goals Advance operational excellence at Pirquitas 2013 Define development Produced 8.2 Moz of silver pathways for San Luis and 2012 Exceeded zinc production Pitarrilla guidance Exceeded silver production Maintain cost discipline Implemented restru
Slide 6: Pirquitas: Focused on Delivery
Pirquitas: Focused on Delivery Operations Cost and Optimization Continue to deliver predictable Lowered 2013 cash cost guidance performance Advanced cost restructuring program Completed transition to Phase 2 of Contracts the San Miguel Open Pit Operational performance Focus on operatin
Slide 7: Pitarrilla: Geology and Feasibility Pit Outline
Pitarrilla: Geology and Feasibility Pit Outline Breccia Ridge Cordon Colorado Javelina Creek Pit Shell Exploration Decline Legend Oxide/Transition Sulphide Existing Exploration Decline Phased Pit Designs SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 7
Slide 8: Pitarrilla in 2013
Pitarrilla in 2013 Acquired key surface rights Submitted environmental and operating permits applications Performed engineering and infrastructure work Pursued financing plan Pitarrilla Durango, Mexico SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 8
Slide 9: San Luis: Our High Grade Gold & Silver Project
San Luis: Our High Grade Gold & Silver Project LA LIBERTAD Estimated 1.9M oz Ag Average Annual ANCASH Production 78,000 oz Au Resources 8.9M oz Ag at 595.5 g/t San Luis Antamina (M + I) 0.35M oz Au at 25.2 g/t Pierina (Barrick) HUÁNCO Estimated Mine Life 3.5 Years (Ayelén vein only) Estimated Capita
Slide 10: San Luis: Advancing Toward Value
San Luis: Advancing Toward Value Feasibility study (2Q10) N Consolidated interest (3Q11) Cochabamba agreement (4Q11) Ecash Community EIA approved (3Q12) Ayelén Vein Ecash community agreement progressing Drilling the Bonita Zone San Simon Vein in 2014 Bonita Zone Cochabamba 3 km Community
Slide 11: Large land position in major silver belts
Extensive Exploration & Development Portfolio ARGENTINA MEXICO Pirquitas Pitarrilla Diablillos Parral Mining District San Luis del Cordero PERU U.S. San Luis Candelaria Berenguela Maverick Springs CHILE CANADA Challacollo* Sunrise Lake Reserves 566M oz Ag Measured & Indicated 1,188M oz Ag (Inclusive
Slide 12: More than 500 years of experience
More than 500 years of experience Board of Directors Senior Management Technical Capacity Peter W. Tomsett John Smith Chairman of the Board, Corporate President and CEO, Director Governance and Nominating Committee Gregory J. Martin A.E. Michael Anglin SVP and Chief Financial Officer Corporate Gover
Slide 13: Building Strength: Achievements 2010 – 2013
Building Strength: Achievements 2010 – 2013 Bowdens sale Pirquitas Pretium IPO $71M reserves $211M San Luis Pretium Added Secondary in-country Offering $183M expertise progressing Pirquitas Added Pirquitas exceeded management delivering Pitarrilla 2012 capability on plan feasibility production study
Slide 14: Why Silver Standard?
Why Silver Standard? Solid balance sheet Share Price $7.77 Basic Shares Outstanding 80.8 Market Capitalization $627 Well-funded for growth Less: Cash ($401) Plus: Convertible Note $265 Creating value via portfolio Less: Pretium Interest ($111) Less: Other Marketable Securities ($12) Total Ente
Slide 15: Solid business primed for growth
Key Goals for 2014 Advance operational excellence at Pirquitas Add resources and reserves at Pirquitas Define development pathways for San Luis and Pitarrilla Maintain strong balance sheet Maintain cost discipline throughout the organization Focus on growth opportunities Solid business p
Slide 16: Building Strength
BUILDING strength SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 16
Slide 17: Appendices
APPENDICES SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 17
Slide 18: Pirquitas: Large Open Pit Silver Mine
Pirquitas: Large Open Pit Silver Mine Jujuy Province, Argentina 100% owned and operated silver and zinc mine Commercial production - December 2009 +8.0 Moz average annual production 80 Moz Ag Reserves (P+P) 148 Moz Ag Resources (M+I) N SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 18
Slide 19: Pirquitas: Pit Transition
Pirquitas: Pit Transition Oploca Potosí San Miguel Pit Legend Phase 1 Pit Phase 2 Pit Pit at Sep. 30, 2013 Ore SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 19
Slide 20: Pitarrilla: Low Cost, Long Life
Pitarrilla: Low Cost, Long Life Feasibility Study Results (December 2012) 32-year life: 479Moz Ag reserves Avg. production: 15Moz Ag (1st 18 years) Cash cost: $10.01/oz Capital: $741M Strip rate: 6:1 Mill throughput: 16,000 tpd NPV (after tax): $737M ($25/oz Ag price) IRR (after tax)
Slide 21: Silver Market
Silver Market Silver: A multi-benefit metal Monetary Industrial Silver: An increasingly important resource Industrial and medical applications 2012 Silver Supply 2012 Silver Demand 2008 2009 2010 2011 2012 Industrial Applications Silver Supply 4% 4% Mine Production Mine Production 6,819 7,
Slide 22: Mineral Reserves
Mineral Reserves (as at December 31, 2012) Mineral Reserves Metal grade Contained metal Tonnes Silver Gold Lead Zinc Silver Gold (mil.) (g/t) (g/t) (%) (%) (mil. oz) (mil. oz) Proven 8.3 180.8 - - 0.51 48.1 - Pirquitas Probable 4.8 169.1 - - 1.03 25.9 - Stockpiles (a) 1.4 137.3 - - 0.74 6.1 - Pitarr
Slide 23: Mineral Resources: Measured & Indicated
Mineral Resources: Measured & Indicated (as at December 31, 2012) 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) Measured 11.1 150.3 - - 0.49 - 53.6
Slide 24: Mineral Resources: Inferred
Mineral Resources: Inferred (as at December 31, 2012) 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 2.8 160.5 - - 5.38 - 14.2 - Pitarrilla 22.1 62.1 - 0.21 0.49 - 44.1 - San Luis 0.0
Slide 25: Reserves & Resources: Notes to Tables
Reserves & Resources: Notes to Tables All estimates of Mineral Reserves and Mineral Resources in the Reserves and Resources are stated as at December 31, 2012 and have been prepared in accordance with NI 43-101 under the supervision of a Qualified Person named below for the respective properties. Mi
Slide 26: Reserves & Resources: Notes to Tables
Reserves & Resources: Notes to Tables Diablillos Mineral Resources estimate was completed by Gilles Arseneau, Ph.D., P.Geo., a Qualified Person, in accordance with the standards of NI 43-101, in a technical report completed by Wardrop, a TetraTech company, entitled “Technical Report on the Diablillo
Slide 27: Presentation Endnotes
Presentation Endnotes 1) All amounts are in U.S. dollars unless otherwise stated. 2) CASH COSTS: Cash costs of $14 – 15/oz are based on average cost per payable silver ounce, net of by-product, with a $22/oz silver price, $0.85/lb zinc price and includes the impact of IFRIC 20. For the year ended De
Slide 28: Corporate Presentation
CORPORATE PRESENTATION SSRI:NDAQ | SSO: TSX 28
Silver Standard Resources — Investor Presentation (January 2014) on 6ix