Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Silver Standard Resources — Q1 2015 Earnings Presentation

15 slides from Ssr Mining's earnings presentation, May 13, 2015

  1. Slide 1: Q1 2015 Conference Call

    Q1 2015 CONFERENCE CALL May 13, 2015 SSRI:NDAQ | SSO: TSX 1

  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

  3. Slide 3: Delivering to Plan

    DELIVERING TO PLAN  Solid production and cost results  Strong cash flow and positive net income  Operational Excellence: continuous process improvement and cost discipline  Strategy for growth SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 3

  4. Slide 4: Marigold: Q1 2015

    MARIGOLD: Q1 2015  Produced 55,598 oz gold, exceeding expectations  Lowered cash costs to $612/oz of gold sold  Operational excellence program delivers  Hot shift change  Increased use of shovel availability * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding No

  5. Slide 5: Pirquitas: Q1 2015

    PIRQUITAS: Q1 2015  Produced a record 2.7M oz silver  Lowered cash costs to $11.25/oz of silver sold  Operational excellence delivered  Higher sustainable recovery rates  Lower cost profile * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” i

  6. Slide 6: Marigold: Brownfields Exploration Success

    Marigold: Brownfields Exploration Success  Drilled 9,700 meters in Q1  Additional higher grade mineralization in the 8 South pit area  Deep sulphide exploration program underway SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 6

  7. Slide 7: Pirquitas: Exploration Activities Ongoing

    Pirquitas: Exploration Activities Ongoing San Miguel UG drilling ongoing  7,400 meters drilled  Second drilling phase complete  UG resource update in progress Pirquitas Norte  Surface mapping  2 new prospects identified  Surface drilling planned for Q3 SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX

  8. Slide 8: Selected Operating and Financial Results

    Selected Operating and Financial Results Units Q1 2015 Q4 2014 Silver Production Moz 2.7 2.2 Silver Sales Moz 2.9 2.8 Gold Production oz 55,598 67,113 Gold Sales oz 55,865 68,748 Revenue $M $111.7 $122.8 Income from Mine Operations $M $30.4 $13.0 Net Income (loss) $M $9.1 ($86.2) SSRI:NASDAQ SSRI:ND

  9. Slide 9: Positive free cash flow generation

    Strong Underlying Performance $210 ($19) $31 $196 $190 $185 ($19) $176 $170 ($2) $150 2014 Cash Operating Sustaining Cash before CRA FX Impact Q1 2015 Balance Cash Flows Capex CRA Payment Cash Payment Balance Positive free cash flow generation SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 9

  10. Slide 10: Financial Strength to Fund Growth

    Financial Strength to Fund Growth Q1 2015 Q4 2014 Cash $176M $185M Current Assets* $478M $492M Current Liabilities $119M $123M Working Capital* $358M $369M * Inclusive of Pretium Resources Inc. investment of $87 million and Argonaut Gold Inc. investment of $2 million as of March 31, 2015, and $100 m

  11. Slide 11: Pirquitas: Track Record of Lowering Cash Costs

    Pirquitas: Track Record of Lowering Cash Costs $19.70 Cash costs per payable $16.88 ounce of silver sold $12.87 $11.50 - $12.50 $12.08 $11.25 2011 2012 2013 2014 Q1 2015 2015 Guidance * Cash costs are a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this pres

  12. Slide 12: Marigold: Achieving Efficiencies at Marigold

    Marigold: Achieving Efficiencies at Marigold $1,103 $1.92 $997 Cash costs per payable $1.74 Cost per tonne mined $1.70 $725 - $800 ounce of gold sold $1.61 $1.62 $1.57 $665 $612 2013 Q1 Q2 Q3 Q4 Q1 2015 Q2 Q3 Q4 Q1 2015 2015 Guidance 2014 2014 * Cash costs are a non-GAAP financial measure. Please se

  13. Slide 13: Strong Production and Cost Profile

    Strong Production and Cost Profile 8.0 $16 $14.34 $14.29 6.9 6.8 $12.36 6.8Moz AgEq Cash Costs per payable oz sold 6.0 $10.78 $12 5.1 AgEq Production (Moz) Silver Eq. Production in 1Q15 $9.57 4.0 $8 3.5 1.9 2.0 $4 $9.57/oz 0.0 $0 Silver Eq. Cash Costs in 1Q15 Q1 Q2 Q3 Q4 Q1 2014 2014 2014 2014 2015

  14. Slide 14: Why Silver Standard in 2015

    Why Silver Standard in 2015  Management team  Corporate level that delivers free cash flow  Focus on operational  Strong balance excellence sheet  Cost discipline  Strategy for growth SSRI:NASDAQ SSRI:NDAQ ||SSO: SSO:TSX TSX 14

  15. Slide 15: Q1 2015 Conference Call

    Q1 2015 CONFERENCE CALL SSRI:NDAQ | SSO: TSX 15

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