Slide 1: A Track Record of Creating Value
A TRACK RECORD OF CREATING VALUE September 2019
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: Why SSR Mining?
Why SSR Mining? A long-term track record of creating value Investor Challenges SSRM Investment Catalysts × Inconsistent operating performance ✓ Met guidance seven consecutive years × Declining reserves ✓ Track record of reserve growth × Declining production ✓ Production growth 40% through 2021 × Sin
Slide 4: A Track Record of Creating Value
A Track Record of Creating Value 400,000 oz AuEq 2019 gold equivalent production guidance Achieved production guidance seven consecutive years Silver 20% 100% of Gold Production is North America- Gold based 80% $1.8B market cap Operating Mines Strong institutional shareholding with good daily tradin
Slide 5: Relative Performance
SSR Mining Inc. Share capital structure, convertible note and top shareholders overview Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Associates Corporation 13.2% Renaissance Technologies 4.7% United States Investec Asset Management 4.2% Connor Clark & Lunn In
Slide 6: ESG: First Decile Corporate Governance Rating
ESG: First Decile Corporate Governance Rating Market Data ISS Data Market Cap Shareholder Audit & Risk Company Name ($B) Quality Score Board Structure Compensation Rights Oversight SSR Mining Inc. $1.8 1 1 1 1 2 Kirkland Lake Gold Ltd. $9.9 7 5 6 7 2 Pan American Silver Corp. $3.6 5 7 6 1 2 Detour G
Slide 7: ESG: Supporting our Communities and Local Economies
ESG: Supporting our Communities and Local Economies We have strong Health and safety We invest in our Our people are environmental are our priority communities important stewardship Seabee supported 2.18 construction of Zero 100% TRIFR of Chinchillas new hires community school Significant environmen
Slide 8: Track Record of Growth and Decreasing Costs
Track Record of Growth and Decreasing Costs Near-term production growth to +440,000 oz AuEq by 2021 500 $1,200 $1,000 400 Cash Cost ($/oz Gold-Equivalent) Gold-Equivalent Production (k oz) $800 300 $600 200 $400 100 $200 0 $0 2012A 2013A 2014A 2015A 2016A 2017A 2018A 2019E 2020E 2021E Puna Marigold
Slide 9: Track Record of Long-Term Financial Discipline
Track Record of Long-Term Financial Discipline Strong cash position provides strategic flexibility and opportunity Acquired Acquired $500 Marigold Seabee April 4, 2014 May 31, 2016 (all cash) (all shares) $400 Cash Balance ($M) $300 $200 $100 $0 Q1 2014 YE 2014 YE 2015 YE 2016 YE 2017 YE 2018 Q2 201
Slide 10: Track Record of Value Creation Through M+A
Track Record of Value Creation Through M+A ‘OE’ and mine life extension have been key to our success Marigold Mine Seabee Gold Operation Exploration Exploration 2.0x 3.3x $941 $511 $254 $287 Announced Value Estimated Value Announced Value Estimated Value ▪ Increased production to +200,000 oz/yr ▪ In
Slide 11: Track Record of Growing Net Asset Value Per Share
Track Record of Growing Net Asset Value Per Share $14 +97% $13 $12 Net Asset Value ($/sh) $11 $10 $9 +29% $8 $7 $6 $5 $4 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 SSR Mining Peer Index Notes: Peer index represents an equal weighted index, indexed to SSR Mining NAV per sha
Slide 12: Updated 2019 Production and Cash Cost Guidance
Updated 2019 Production and Cash Cost Guidance On track for eighth consecutive year of achieving guidance Marigold Seabee Puna SSR Mining Gold Gold Silver Gold Equivalent Production 205K – 220K oz 100K – 110K oz 6.5M – 7.5M oz 380K – 420K oz (H1 2019 actual production) (108K oz) (58K oz) (3.9M oz) (
Slide 13: Marigold Mine
MARIGOLD MINE GROWTH IN NEVADA
Slide 14: Marigold: Large Scale, Low-Cost Producer
Marigold: Large Scale, Low-Cost Producer ▪ Open pit, run-of-mine heap leach gold operation ▪ ~200,000 tonnes of material moved per day ▪ Strong safety and environmental practices ▪ Significant exploration upside Twin Creeks Goldstrike ▪ 10-year Mineral Reserves life with potential to extend MARIGOLD
Slide 15: Gold Mineral Reserves and Resources
Creating Value by Extending Mine Life Mineral Reserves replacement at $30/oz gold Anticipated production growth … with reserve replacement at an and improving cash costs … increased gold grade of 0.47g/t 300 6 0.40 5.56 $790 $745 $800 $723 Gold Mineral Reserves and Resources 250 266 266 5 Cash Costs
Slide 16: Leader in Productivity and Utilization
Leader in Productivity and Utilization Marigold rope shovel Marigold Rope Shovel Notes: Marigold 4100 XPC-AC Rope Shovel compared to information provided by Joy Global benchmark study for the period July 1, 2019 to August 1, 2019 with respect to rope shovel operating practices at certain precious, b
Slide 17: Marigold: Strategic Acquisitions and Resources Growth
Marigold: Strategic Acquisitions and Resources Growth Increased original Marigold land package by 2.5X 2014 2015 2019 ▪ 4.2 Moz Au M+I Mineral ▪ 4.6 Moz Au M+I Mineral ▪ 5.6 Moz Au M+I Mineral Resources at YE 2014 Resources at YE 2015 Resources YE 2018 ▪ Acquired mine April 4, 2014 ▪ Added 300,000 o
Slide 18: New Deep Sulphide Target for Drill Testing
New Deep Sulphide Target for Drill Testing Marigold: Carlin-style mineralization hosting a 12M oz Au camp ▪ Disseminated sedimentary- hosted oxide gold deposit with Low grade oxide gold deposit possible high grade feeder formed Receptive Comus formation As Au Au As ▪ Deep, high grade, Carlin-style d
Slide 19: Marigold: Opportunities
Marigold: Opportunities ▪ Continue to deliver production growth and robust operating margins ▪ Red Dot delivered mine life extension to early 2030s without expansion capex ▪ Exploration success continues … ▪ Potential for mine life extension via Mackay, Valmy, Basalt and Red Dot expected Q1 2020 ▪ T
Slide 20: Seabee Gold Operation
SEABEE GOLD OPERATION HIGH-GRADE GOLD MINE
Slide 21: Seabee: Overview
Seabee: Overview High-margin underground operation in a stable jurisdiction ▪ High-grade, underground mine in Saskatchewan, Canada ▪ Strong safety and environmental practices ▪ Large underexplored land position of +57,000 ha ▪ Track-record of Mineral Resources conversion and growth ▪ 2019 production
Slide 22: Seabee Mineral Reserves and Resources Increased Y-o-Y
Seabee Mineral Reserves and Resources Increased Y-o-Y Mineral Reserves gold grade is 9.2 g/t 1,400 483 1,200 Gold Mineral Reserves and Resources 1,000 856 (thousand ounces) 800 283 608 600 437 (103) 400 (9) 200 0 2017 Depletion Model Exploration 2018 2018 M+I 2018 Reserves Assumptions Reserves Resou
Slide 23: Fifth Consecutive Annual Production Record in 2018
Fifth Consecutive Annual Production Record in 2018 Low cash costs of ~$500/oz gold 140 $1,200 120 120 Acquired the Seabee Gold Operation $1,000 $998 May 31, 2016 108 105 $954 Gold Production (k oz) 100 96 $800 84 Cash Costs ($/oz) $757 77 80 75 $663 $600 63 $602 60 $525 50 $505 $490 $504 45 $442 $40
Slide 24: Operational Excellence Driving Seabee Mill Improvements
Operational Excellence Driving Seabee Mill Improvements Higher 2019 milling rates driven by increased UG mine capacity 1,500 Single day mill 1,050 tpd target throughput record throughput 1,400 of 1,442 tpd 1,300 Mill Mill test trial test trial 1,200 1,100 Mill Dry Tonnes per Day 1,000 Forest 900 fir
Slide 25: Improving Santoy Mine Development
Improving Santoy Mine Development +40% increase due to Operational Excellence and added equipment ‘OE’ Case Study Added underground ▪ Objectives: 15 equipment Improved shift ▪ Increase mine capacity in 2019 planning 20% processes ▪ Increase operating flexibility and 23% potentially throughput Santoy
Slide 26: Seabee: Exploration Extends Reserves Near Infrastructure
Seabee: Exploration Extends Reserves Near Infrastructure Track record of resource conversion and discovery 0 m Elev Santoy Gap (9A, 9B, 9C) Santoy 8A 4.1m at 25.6g/t 4.0m at 23.3g/t (SUG-18-622) (GHW) (SUG-19-006) (GHW) 4.1m at 27.4g/t (SUG-17-052) 4.8m at 12.3g/t (SUG-18-612) (HW) -500 m 1.9m at 11
Slide 27: Large, Contiguous Land Package
Large, Contiguous Land Package Testing +30km of shear zone strike length N 23,300 hectare land package at Seabee Seabee mill, airstrip & camp Santoy Mine Complex Batman target DD target Fisher exploration camp (Mac target area) Legend 37,700 hectare land All weather road package at Fisher Project Go
Slide 28: Seabee: Opportunities
Seabee: Opportunities ▪ Deliver on PEA expansion case to 1,050 tpd ▪ Drive Operational Excellence initiatives ▪ Evaluate 1,200 tpd sustained mill throughput ▪ 2019 exploration budget of $6M ▪ Santoy Gap hanging wall ▪ Santoy 8A Seabee Gold Operation ▪ Fisher property Flin Flon Saskatoon ▪ Focused on
Slide 29: Puna Operations
PUNA OPERATIONS LARGE-SCALE SILVER PRODUCER
Slide 30: Puna Operations Joint Venture
Puna Operations Joint Venture Ramp-up in 2019 to steady-state silver production of +6Moz per year ▪ SSR Mining is the JV operator with a 75% interest ▪ JV includes the Chinchillas silver-lead-zinc deposit and the Pirquitas plant and facilities located 45 km away ▪ Declared commercial production Dece
Slide 31: Puna: Delivering Silver Production Growth in 2019
Puna: Delivering Silver Production Growth in 2019 Significant LOM base metals exposure from lead and zinc 2019 Guidance Medium Term Outlook ▪ Production: 10 $16 Silver-Equivalent Attributable Production (M oz) $14 ▪ Silver: 6.5M to 7.5M oz 8 Cash Cost ($/oz Silver-Equivalent) $12 6.7 6.9 6.9 ▪ Lead:
Slide 32: Pitarrilla Project: Potential for Expanding High Grade Zones
Pitarrilla Project: Potential for Expanding High Grade Zones ▪ Large undeveloped silver-lead-zinc project in Durango, Mexico ▪ Evaluating exploration program to expand high grade zones ▪ M+I Mineral Resources: ▪ Underground: 5.43MT grading 165 g/t silver, 0.68% lead and 1.34% zinc (28.8M oz containe
Slide 33: Pitarrilla Underground Silver-Lead-Zinc Project
Pitarrilla Underground Silver-Lead-Zinc Project Evaluating exploration program to expand high grade zones Pitarrilla Mineralization Proposed drillholes Proposed decline Existing decline 400m E 0m E Existing drillholes completed from surface High grade mineralized zone High grade vertical silver vein
Slide 34: Advancing the Las Chispas High-Grade Ag-Au Deposit
Advancing the Las Chispas High-Grade Ag-Au Deposit SilverCrest Metals Inc. (TSX: SIL) well funded to execute plan ▪ Las Chispas May 2019 PEA results Las Chispas Project ▪ 1,250 tpd UG operation with +8 year mine life Sonora, Mexico ▪ 127K oz AuEq per year with $564/oz AuEq AISC ▪ Indicated Mineral R
Slide 35: SSR Mining: Investment Highlights
SSR Mining: Investment Highlights Delivering value and growth for our shareholders Production Growth: Increasing near-term gold production to +440,000 oz by 2021 at $615/oz cash costs Management Discipline: First decile governance rating and a track record of disciplined M+A, capital allocation and
Slide 36: Value & Growth
Value & Growth SSRM:NASDAQ/TSX PAGE 36
Slide 37: Selected Financial Results
Selected Financial Results Units H1 2019 2018 2017 Gold Sales oz 167,494 290,294 286,279 Silver Sales Moz 3.6 3.8 6.0 Total Gold Equivalent Payable Sales oz 205,474 334,635 364,428 Gold Equivalent Production oz 210,847 347,090 370,486 Revenue $M $281.4 $420.7 $448.8 Income from Mine Operations $M $6
Slide 38: Convertible Note Refinancing Provides Financial Flexibility
Convertible Note Refinancing Provides Financial Flexibility Lower coupon, lower leverage ratios and strong cash balance $230 $(150) $600 $(38) $(9) $461 $452 Cash Balance ($M) $419 $400 $200 $0 2018 YE Cash 2019 Convertible 2013 Convertible Q1 2019 Uses of Q1 2019 Cash Q2 2019 Uses of Q2 2019 Cash N
Slide 39: Marigold: Exploration Success and Resource Conversion
Marigold: Exploration Success and Resource Conversion Red Dot Phase I added Mineral Reserves of 350,000oz of gold 8N TZN 8S 8SX N Red Leach Dot Pad North Mackay reserve pit outline Red Dot Current mining area EOY 2018 Pits surface EOY 2018 EOY 2018 EOY 2017 Original Surface W Resource Pit Reserve Pi
Slide 40: Chinchillas Mine: Data Sheet
Chinchillas Mine: Data Sheet (100% Basis) Declared commercial production December 1, 2018 Mine life: 8 years N Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd 6.1 Moz Silver Average annual 35.0 Mlb Lead production (8 years active mining): 12.3 Mlb Zinc 8.4 Moz Silver
Slide 41: Mineral Reserves
Mineral Reserves (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Proven Mineral Reserves Seabee Canada 0.33 9.00 100 0.09 Chinchillas Argentina 0.94 196 0.67 0.33 75 4.5 Total 4.5 0.09
Slide 42: Mineral Resources: Measured and Indicated
Mineral Resources: Measured and Indicated (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.45 11.76 100
Slide 43: Mineral Resources: Inferred
Mineral Resources: Inferred (as of December 31, 2018) SSRM SSRM Location Tonnes Silver Gold Lead Zinc SSRM Interest Interest millions g/t g/t % % % Silver Gold Interest million oz million oz Inferred Mineral Resources Marigold U.S. 33.60 0.37 100 0.40 Seabee Canada 1.70 8.82 100 0.48 Chinchillas Arg
Slide 44: Reserves and Resources Notes to Tables
Reserves and Resources Notes to Tables All estimates set forth in the Mineral Reserves and Mineral Resources table have been prepared in accordance with NI 43-101. The estimates of Mineral Reserves and Mineral Resources for each property other than the Marigold mine, the Seabee Gold Operation and th
Slide 45: SSR Mining Executive Team and Board of Directors
SSR Mining Executive Team and Board of Directors Depth of experience and a top governance rating Paul Benson Nadine J. Block W. John DeCooman, Jr. Gregory J. Martin Kevin O’Kane President and CEO SVP, Human Resources SVP, Business Development SVP and CFO SVP and COO and Strategy Michael Anglin Brian
Slide 46: Notes
Notes SSRM:NASDAQ/TSX PAGE 46
Slide 47: Notes
Notes SSRM:NASDAQ/TSX PAGE 47
Slide 48: SSR Mining Inc.
SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com