Slide 1: First Quarter 2023 Financial Results
A FREE CASH FLOW FOCUSED GOLD PRODUCER First Quarter 2023 Financial Results May 2023
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 Targeting 700+ koz AuEq Annually High Stable production platform targeting 700+ koz AuEq Operations Quality ▪ Four core operating jurisdictions Projects Diversified ▪ 8+ Moz AuEq in attributable Mineral Reserves Seabee
Slide 4: Our Sustainability Vision: Living Our Values
Our Sustainability Vision: Living Our Values Continuously Striving to Improve Performance in Focus Areas Responsible Engage & Invest in Environmental Stewards Local Communities • Developed a global water strategy in 2022; • Over $2.5 million in community investment in 2023 focused on implementing wa
Slide 5: Diversified Portfolio with +16 Year Weighted Average Mine Life
Diversified Portfolio with +16 Year Weighted Average Mine Life Long-term Stable Production Platform With Additional Avenues for Growth 1,100 Commercial Production at Çöpler Sulfide 1,000 Plant MOE with Alacer / 900 COVID-19 Stable base of 700 koz AuEq achievable until the end of the decade with Çöpl
Slide 6: Building on Proven History of Project Delivery and M&A
Building on Proven History of Project Delivery and M&A Non-Core Asset Sale Proceeds Redeployed in Core Jurisdictions Delivering Projects On Time & Budget Building Value Through Disciplined M&A * POX Plant (Çöpler) SSR Mining / Alacer Merger Non-Core Asset Sales -10% Exploration 1.3x 2.4x ~$4,100M $7
Slide 7: Track Record of Returning Capital to Shareholders
Track Record of Returning Capital to Shareholders Peer Leading Returns Aligned With Robust Free Cash Flow Outlook Highlights History of Significant Shareholder Returns * ▪ Building on two consecutive years of 2023 Capital Returns significant shareholder returns in the $32M $90M $440M 2.0% Yield form
Slide 8: Q1 2023 Commentary: On Track for 2023 Guidance
Q1 2023 Commentary On Track for 2023 Consolidated Production and Cost Guidance First Quarter Production and Capital Spend in Line With Guidance Operational ▪ Q1 consolidated production of 147 koz AuEq at Cost of sales of $1,289/oz and AISC * of $1,693/oz AuEq ▪ As guided, first quarter expected to r
Slide 9: Q1 2023 Commentary: Operating Performance Aligned With Expectations
Q1 2023 Commentary Operating Performance Aligned With Expectations Financial Highlights Diluted Q1 2023 EPS Bridge * Q1 2023 Q1 2022 Gold Equivalent Production oz 146,894 173,675 Gold Sales oz 126,111 157,179 Silver Sales Moz 2.4 1.8 Total Gold Equivalent Sales oz 154,557 179,692 Revenue $M $314.6 $
Slide 10: Significant Financial Strength
Significant Financial Strength Robust Balance Sheet; Three Pillar Capital Allocation Framework Financial Position * Capital Allocation Priorities Low Capital Intensity Growth Market Capitalization $2.9B ▪ 2023 exploration budget of $94 million, up +50% y/y; includes $81 million to advance growth and
Slide 11: Asset Overviews
MINING ASSET OVERVIEWS
Slide 12: Çöpler: Flagship Asset with a 21+ Year Mine Life
Çöpler: Flagship Asset with a 21+ Year Mine Life Çakmaktepe Extension First Production Expected Within 2023 Location: Türkiye Mining: Open Pit Stage: Production Çöpler District Land: ~26,000 ha Processing: Heap leach, POX Ownership: 80% N Q1 2023 Highlights ▪ Q1 gold production of 55.1 koz at Cost o
Slide 13: Marigold: Large-Scale Open Pit in Nevada
Marigold: Large-Scale Open Pit in Nevada Positioned for a Strong 2023 Location: USA Mining: Open Pit Stage: Production Marigold Exploration Targets Land: ~20,000 ha Processing: ROM, Heap Leach Ownership: 100% Q1 2023 Highlights ▪ Q1 gold production of 52.0 koz at Cost of sales of $1,063/oz and AISC
Slide 14: Seabee: High-Grade Underground in Canada
Seabee: High-Grade Underground in Canada Expanded Exploration Program Focused on Extending Mine Life N Location: Canada Mining: Underground Stage: Production Seabee Site Plan View Processing: Gravity Porky Land: ~62,000 ha Ownership: 100% West Porky concentration, cyanide leaching Main Q1 2023 Highl
Slide 15: Puna: Large Open-Pit Silver Producer
Puna: Large Open-Pit Silver Producer Consistently Strong Operations; Near-mine Exploration Continuing Location: Argentina Mining: Open Pit Stage: Production Puna Exploration Targets Land: ~10,000 ha Processing: Flotation Ownership: 100% Q1 2023 Highlights ▪ Q1 silver production of 2.0 Moz at Cost of
Slide 16: Robust Exploration and Growth Pipeline
Robust Exploration and Growth Pipeline Exploration Targets Producing Asset Near-Term Medium-Term Longer-term Çakmaktepe Extension C2 Expansion Türkiye Mavidere Çöpler Regional Çöpler Çöpler In-Pit / Saddle Copper Hill Türkiye Regional New Millennium Trenton Canyon Oxides Nevada Trenton Canyon / Buff
Slide 17: Appendix
MINING Appendix
Slide 18: 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 F. Edward Farid Michael Sparks John Ebbett Bill MacNevin President, Chief EVP, Chief Financial EVP, Chief Corporate EVP, Chief Legal & EVP, Growth & EVP, Operations & Execu
Slide 19: Control of the Entire Çöpler District
Control of the Entire Çöpler District Recent Acquisition of an Additional 30% of Kartaltepe Delivers Significant Synergies Çöpler District Highlights Crossfire ▪ Expands ownership of existing Mineral Reserves and Mineral Resources at the Çakmaktepe, Çakmaktepe Extension, and Valmy Bayramdere deposit
Slide 20: Çakmaktepe Extension: First Production Expected in 2023
Çakmaktepe Extension: First Production Expected in 2023 Potential for Further Mineral Resource Conversion and Growth Highlights From Recent Exploration * Mineral Reserve & Resource ▪ 151 diamond drill holes since May 2021 Mineral Resource cut-off ▪ CDMP21 Reserve Case includes of 1.2Moz gold product
Slide 21: Marigold: Creating Pathways for Mine Plan Enhancement and Extension
Marigold: Creating Pathways for Mine Plan Enhancement and Extension New Millennium Presents Opportunity for Mineral Resource Growth and Additional Mine Life Overview of Marigold Property Recent Exploration Highlights * New Millennium Additional Oxide Mineralization Targets ▪ Enabled by recent land a
Slide 22: Seabee Exploration Program Focused on Mine Life Extension
Seabee Exploration Program Focused on Mine Life Extension Near-mine Resource Development Drilling Complemented By Regional Exploration Activity Overview of Recent Seabee Exploration * Santoy Mine Complex Porky Main / Porky West ▪ Recent drilling focused on near-mine resource development adjacent ▪ S
Slide 23: Puna: Near-Mine Exploration Success Presents Opportunity to Extend Mine Life
Puna: Near-Mine Exploration Success Presents Opportunity to Extend Mine Life * Potential for Further Mineral Resource Conversion and Growth Overview of Puna Overview of Recent Activity Highlights From Recent Exploration ▪ Puna is 100% owned by SSR Mining ▪ 48 drill holes between August 2022 and Dece
Slide 24: Copper Hill: Greenfield Discovery
Copper Hill: Greenfield Discovery Near-surface Copper Sulfide Mineralization Overview Copper Hill Property Location ▪ Located in the Black Sea region of northeast Türkiye; 70% owned by SSR Mining ▪ Drilling started in 2018, with 35 holes (~11,000 m) drilled to-date * ▪ Highlight intercepts include:
Slide 25: Endnotes
Endnotes 1) Mineral Reserves and Mineral Resources (“MRMR”) for Çöpler, Marigold, Seabee, Puna, San Luis, Pitarrilla, and Amisk as of December 31, 2022. Mineral Reserves and Mineral Resources shown are SSR Mining ownership share only. SSR Mining owns 80% in both Anagold and Kartaltepe licenses. Mine
Slide 26: Non-GAAP Reconciliations: 2023 Guidance Table, Three-Year Outlook
Non-GAAP Reconciliations 2023 Guidance Table, Three-Year Outlook Operating Guidance (100% basis) (13) Çöpler Marigold Seabee Puna Other Consolidated Gold Production koz 240 — 270 260 — 290 100 — 110 — — 600 — 670 Silver Production Moz — — — 8.0 — 9.0 — 8.0 — 9.0 Gold Equivalent Production koz 240 —
Slide 27: Adjusted Attributable Net Income per Share, Free Cash Flow
Non-GAAP Reconciliations Adjusted Attributable Net Income per Share, Free Cash Flow Three Months Ended March 31, (in thousands, except per share) 2023 2022 Net income attributable to shareholders of SSR Mining (GAAP) $29,813 $67,563 Interest saving on convertible notes, net of tax $1,221 $1,215 Net
Slide 28: Non-GAAP Reconciliations: Cash Costs, AISC, Net Cash
Non-GAAP Reconciliations Cash Costs, AISC, Net Cash Three Months Ended March 31, 2023 (in thousands, unless otherwise noted) Çöpler Marigold Seabee Puna Corporate Total Cost of sales (GAAP) $74,646 $54,541 $23,265 $46,845 — $199,297 By-product credits ($867) ($36) ($10) ($18,014) — ($18,927) Treatme
Slide 29: SSR Mining Inc.
SSR Mining Inc. F. Edward Farid, Executive Vice President, Chief Corporate Development Officer Alex Hunchak, Director, Corporate Development and Investor Relations Website: www.ssrmining.com Email: invest@ssrmining.com Toll-free: +1 (888) 338-0046 SSRM:NASDAQ / TSX, SSR:ASX