Slide 1: First Quarter 2022 Financial Results
A FREE CASH FLOW FOCUSED GOLD PRODUCER First Quarter 2022 Financial Results May 2022
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 Stable Operating Platform of 700 – 780 koz AuEq Annually (1) High Stable production platform of 700 – 780 koz AuEq (1) Operations Quality ▪ Four core operating jurisdictions Projects Diversified ▪ 10+ Moz AuEq Mineral Reserves (2) Seabee Portfo
Slide 4: ESG Strategic Priorities: Developing a Sustainable Legacy
ESG Strategic Priorities: Developing a Sustainable Legacy (9) Focused Initiatives as Part of SSR Mining’s Sustainability Vision Successful culture focused on discipline, integrity, and local partnerships Sustainability policies aligned with leading industry practices ▪ Continue implementation of an
Slide 5: Track Record of Delivery Across Key Metrics
Track Record of Delivery Across Key Metrics Peer-leading Results and Significant Value Creation 2021 Free Cash Flow Yield (11, 14) 2021 Capital Return Yield (14, 15) (i) 5.1% Total Yield +8.6% 11.9% +3.3% 3.9% 3.2% 1.8% 1.2% SSR Mining Midcap Peer Group SSR Mining Midcap Peer Group Net Asset Value A
Slide 6: 2022: A Catalyst-Rich Year
2022: A Catalyst-Rich Year Building on Operating Milestones and Corporate Strategy from 2021 2022 Priorities 2022 Production Guidance (1) ▪ Update Sustainability Report highlighting progress on ESG priorities ▪ Issue inaugural 3-year guidance illustrating platform stability Çöpler Au koz 255 – 285 C
Slide 7: First Quarter 2022 Highlights
First Quarter 2022 Highlights Strong Operating Results Include Quarterly Production Record at Seabee (5) Robust quarterly operating performance Operational ▪ Q1 consolidated production of 174 koz AuEq at AISC * of $1,093/ oz AuEq ▪ Record quarterly production of over 52 koz at Seabee on grades and o
Slide 8: Continued Operational Delivery
Continued Operational Delivery Three-year Guidance Showcases Stable Production Platform Continuing To Deliver Against Production Stability (6) Production Guidance (6,7) MOE with Alacer COVID-19 Suspensions Commercial Production at Çöpler Sulfide 900 Plant Three-year Guidance Range of 800 700 – 780 k
Slide 9: Strong Quarterly Financial Results
Strong Quarterly Financial Results Free Cash Flow Remains Weighted to Second Half Financial Highlights (5,6) Diluted Q1 2022 EPS Bridge (5) Units Q1 2022 Q1 2021 Gold Equivalent Production oz 173,675 196,094 Gold Sales oz 157,179 173,370 Silver Sales Moz 1.8 1.9 Total Gold Equivalent Sales (6) oz 17
Slide 10: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet and Credit Metrics Net Debt to 2022E EBITDA (4) Capital Allocation Priorities Financial Position Centerra (1.8x) 1. Reinvesting in Growth Market Capitalization (12) ~$5.0B i. 2022 growth capital of $76M (1) SSR Mining (1.0x) ii. $69M initial capex
Slide 11: Asset Overviews
MINING ASSET OVERVIEWS
Slide 12: Production Profile – SK1300 Technical Report Summaries
Production Profile – SK1300 Technical Report Summaries (3,13) Clear Pathway to 700koz Annual Production through 2030 700 koz until the end of the decade achievable with modest conversion / exploration assumptions 731 737 710 716 698 112 112 20 97 95 637 623 47 8.9Moz AuEq LOM aggregate production (2
Slide 13: Çöpler: Flagship Asset with a 22+ Year Mine Life
Çöpler: Flagship Asset with a 22+ Year Mine Life Location: Turkey Stage: Production Ownership: 80% Çöpler Mine Mining: Open pit Processing: Heap leach, POX Land: ~27,000 ha Q1 2022 Highlights ▪ Gold production of 71 koz at $955/oz AISC (5) ▪ Record throughput of 645 kt processed through sulfide plan
Slide 14: 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 Q1 2022 Highlights ▪ Gold production of 34 koz at $1,564/oz AISC (5); Stacked 46 koz of recoverable gold to the heap lea
Slide 15: 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: ~62,000 ha cyanide leaching Q1 2022 Highlights ▪ Quarterly gold production of 53 koz at $596/oz AISC (5) ▪ Mill feed grad
Slide 16: 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 Q1 2021 Highlights ▪ Silver production of 1.3 Moz Ag at AISC (5) of $14.67/ oz ▪ Production impacted by unfavorable weather conditions limiting a
Slide 17: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Near Mine Targets To Sustain And Grow From +700koz (3) AuEq For At Least 10+ Years Çöpler District Marigold Seabee Puna Çakmaktepe Mackay Santoy 8 & 9 Chinchillas Extension (Ardich) Cöpler In-Pit/Saddle Valmy Santoy GHW/FW Cortaderas Çöpler Copper (C2) New Mill
Slide 18: Appendix
MINING Appendix
Slide 19: Executive Team and Board of Directors
Executive Team and Board of Directors Depth of Experience and Track Record of Delivery Executive Team Rodney Antal Alison White Stewart Beckman F. Edward Farid Michael Sparks President, Chief EVP, Chief EVP, Chief EVP, Chief Corporate EVP, Chief Legal & Executive Officer Financial Officer Operating
Slide 20: SK1300 TRS Highlighted Baseline Production Platform
SK1300 TRS Highlighted Baseline Production Platform (3) SEC Updates Included 14% Increase in Mineral Reserves (2) Mineral Reserves & Resources (2) ▪ Total Gold Mineral Reserves increased 14% or 1.1 Moz over 2020, net of depletion, to 9.2 Moz ▪ Driven by maiden Mineral Reserve at Çakmaktepe Extension
Slide 21: Building on Proven History of Project Delivery and M&A
Building on Proven History of Project Delivery and M&A Non-Core Asset Sales in Excess of US$240M Over the Past 12 Months Delivering Projects On Time & Building Value Through Disciplined M&A (11,15) Budget (10) POX Plant (Çöpler) SSRM / Alacer Merger Non-Core Asset Sales -10% Exploration 1.3x 2.4x $7
Slide 22: Çakmaktepe Extension: Progressing to 1st Production in 2023
Çakmaktepe Extension: Progressing to 1st Production in 2023 Strong Potential for Further Conversion and Resource Growth Overview Çakmaktepe Extension Geological Cross Section * ▪ Çakmaktepe Extension located ~6 km from Çöpler ▪ 2021 Initial Mineral Reserve included in CDMP21 (2,3) ▪ 1.68Moz Au in to
Slide 23: Copper Hill: Greenfield Discovery
Copper Hill: Greenfield Discovery Near-surface Copper Sulfide Mineralization Overview 2021 Exploration Drilling & Sampling ▪ Located in the Black Sea region of northeast Turkey; 70% owned by SSR Mining ▪ Drilling started in 2018, with 35 holes (~11,000 m) drilled to-date * ▪ Highlight intercepts inc
Slide 24: Marigold: Targeting Additional Oxide Mineralization
Marigold: Targeting Additional Oxide Mineralization New Millennium Target Presents Opportunity for Resource Growth Recent Drilling * At New Millennium Target Recent Exploration Highlights ▪ Marigold currently hosts a mine life of +10 years, with current exploration focused on additional oxide ore th
Slide 25: First Mover Advantage in Saskatchewan
First Mover Advantage in Saskatchewan Pipeline of Regional Targets Across Underexplored Province Saskatchewan Platform Crossfire ▪ Seabee is the only producing gold mine in Saskatchewan Valmy ▪ Acquisition of Taiga Gold Corp. * significantly expands SSR Mining’s regional platform in the province: Va
Slide 26: Seabee Exploration Program Yielding Positive Results
Seabee Exploration Program Yielding Positive Results Gap Hanging Wall Reserves Included in 2021 R&R Statement 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 potenti
Slide 27: Endnotes
Endnotes 1. Please see our news release dated January 31, 2022 titled “SSR Mining achieves top end of 2021 Production Guidance, Beats AISC Guidance, Outlines Three-Year Outlook and Intends to Increase 2022 Dividend by 40%”. Gold equivalent production and AISC are based on a gold to silver ratio of 7
Slide 28: Adjusted Attributable Net Income per Share
Non-GAAP Reconciliations Adjusted Attributable Net Income per Share, Free Cash Flow Three months ended March 31, (in thousands, except per share) 2022 2021 Net income attributable to equity holders of SSR Mining (GAAP) $67,563 $108,861 Interest saving on convertible notes, net of tax $1,215 $1,575 N
Slide 29: Cash Costs and AISC
Non-GAAP Reconciliations Cash Costs, AISC, Net Cash Three Months Ended March 31, 2022 March 31, 2021 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Total Production costs (GAAP) $62,584 $38,735 $16,410 $35,791 — $153,520 $161,863 By-product credits ($1,464) ($41)
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 SSRM:NASDAQ / TSX, SSR:ASX