Ssr Mining Inc. · NASDAQ:SSRM
Ssr Mining — Silver Standard Resources — Shareholder Meeting (May 2017)
22 slides from Ssr Mining's shareholder meeting presentation, May 4, 2017
Slide 1: The Evolution Continues: 2017 Annual and Special Meeting
THE EVOLUTION CONTINUES 2017 ANNUAL AND SPECIAL MEETING May 4, 2017 SSRI:NDAQ | SSO: TSX 1
Slide 2: The Evolution Continues
THE EVOLUTION CONTINUES 2017 Annual and Special Meeting of Shareholders of Silver Standard Resources is in progress SSRI:NASDAQ │SSO:TSX │May 2017 SSRI:NDAQ | SSO: TSX 22
Slide 3: Cautionary Notes
Cautionary Notes SSRI:NASDAQ │SSO:TSX │May 2017 SSRI:NDAQ | SSO: TSX 33
Slide 4: Delivering on our Strategy and Creating Value
Delivering on our Strategy and Creating Value Maximizing the value of our existing mines Operational Excellence Investing in brownfields exploration Strengthening our balance sheet Rationalizing our portfolio Looking for new internal and external opportunities Acquired the Seabee Gold
Slide 5: 2016: A Year of Records
2016: A Year of Records Record Production 393,325 oz gold equivalent Record Low Cash Costs $653/oz gold equivalent Low AISC year-on-year $923/oz gold equivalent, 4% lower year-on-year Operating Cash Flow $197M cash generated by operating activities (before interest & taxes) Free Cash Flow Increased
Slide 6: Solid Financial Foundation
Solid Financial Foundation Units 2016 2015 Gold Sales oz 254,761 206,338 Silver Sales Moz 11.4 10.3 Gold Equivalent Sales oz 408,860 348,719 Gold Equivalent Production oz 393,325 349,095 Revenue $M $491.0 $375.3 Income from Mine Operations $M $154.0 $18.8 Net Income (Loss) $M $65.0 ($124.3) Adjusted
Slide 7: Relative Performance
Five-year Share Price Performance 150 Relative Performance 100 50 0 Jan-2012 Jan-2013 Jan-2014 Jan-2015 Jan-2016 SSO (-15%) Peer Average (-23%) GDXJ (-53%) Gold Spot (-3%) Silver Spot (-25%) Strong Results SSRI outperformed peers and GDXJ Note: For peer group details, see Comparator Companies in Tra
Slide 8: Marigold: 2016
Marigold: 2016 Produced 205,116 oz of gold at cash costs of $647/oz gold Operational Excellence continues to deliver results Moved 75.1M tonnes, an annual record Marigold 5-year outlook increased gold production at lower costs Notes: Cash costs is a non-GAAP financial measure. Please see "Ca
Slide 9: Seabee: 2016
Seabee: 2016 Achieved record annual production of 77,640 oz of gold Operational Excellence programs delivering results Evaluating sustainable, higher LOM throughput rates Notes: 2016 cash costs of $639/oz are for the period from May 31, 2016 to December 31, 2016, the period for which we were e
Slide 10: Pirquitas: 2016
Pirquitas: 2016 Produced a record 10.4M oz of silver Record low cash costs of $9.00/oz silver Achieved record milling rates with continued focus on Operational Excellence Processing stockpiles through 2017 * As cash costs are reported on a per payable ounce sold basis, 2017 expected cash cos
Slide 11: Mineral Reserves Increase in 2016
Mineral Reserves Increase in 2016 30% Increase in Mineral Reserves year-on-year at Marigold 50% Increase in Mineral Reserves year-on-year at Seabee Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Marigold Mineral Reserves include 0.17 million ounces of leach pad inventory. Mari
Slide 12: Continued Exploration Success at Santoy
Continued Exploration Success at Santoy Santoy Gap (9A, 9B, 9C) Santoy 8A Gap HW 9.9m at 8.2g/t (JOY-16-749) 2.1m at 51.2g/t (SUG-16-090) 3.0m at 21.9g/t 2.1m at 53.5g/t (SUG-17-902) 5.8m at 21.0g/t (SUG-17-001) (SUG-16-083) 9.5m at 9.1g/t (JOY-16-751) Q4 2016 and Q1 2017 1.6m at 20.8g/t Santoy Gap
Slide 13: Chinchillas / Pirquitas Joint Venture
Chinchillas / Pirquitas Joint Venture Elected to enter joint venture for Chinchillas project March 2017 Silver Standard to be JV operator with a 75% controlling interest Pirquitas Operation Jujuy, Argentina Chinchillas is a silver-lead-zinc deposit located 45 km from the Pirquitas plant and fa
Slide 14: Properties, Projects and Production
Properties, Projects and Production Maximizing Value of Portfolio with Property Sales 9 2 6 7. Maverick Springs 1 7 8. San Marcial Brucejack 6. Amisk Snowfield 1. Marigold 8 (Pretium) 4. San Luis 5 9. Sunrise Lake Berenguela 2. Seabee Diablillos Candelaria 3. Pirquitas Bowdens San Agustin 5. Pitarri
Slide 15: Prospective Property Positions and Exploration Success
Prospective Property Positions and Exploration Success Option agreement on Santoy Prospective brownfields projects at shear zone extension Chinchillas and Pirquitas UG Fisher Project Chinchillas Project Option agreement on a high-grade, Carlin- Option agreement on high-grade, gold- type gold deposit
Slide 16: Value and Growth in 2017
Value and Growth in 2017 Announced Chinchillas joint venture Exploration success at Marigold & Seabee Generated $13M free cash flow in Q1/17 Strong operating fundamentals at all mines Note: For peer group details, see Comparator Companies in Tranche 7 of our Management Information Circular dated Mar
Slide 17: Selected Q1 2017 Financial Results
Selected Q1 2017 Financial Results Units Q1 2017 Q4 2016 Revenue $M $117.9 $127.3 Income from Mine Operations $M $40.1 $27.5 Net Income $M $15.0 $12.1 Adjusted Net Income $M $19.7 $30.8 Cash Generated by Operating Activities $M $30.6 $74.1 Cash and Cash Equivalents $M $341 $327 Marketable Securities
Slide 18: Well-Positioned to Execute Strategy: Value and Growth
Well-Positioned to Execute Strategy: Value and Growth Three operations producing 355,000 oz AuEq in 2017 Solid operating platform with $735/oz cash costs in 2017 Strong balance sheet with +$530M in cash and marketable securities Prospective exploration portfolio Identify and pursue growth opportunit
Slide 19: An Evolution from Explorer to Miner
An Evolution from Explorer to Miner Operational Exploration Excellence focus, Strong No self-generated balance sheetsource with Three No mining operating operations mines ‘Resource’ focus bank cash flow of for cashdiversification flow SSRI:NASDAQ │SSO:TSX │May 2017 SSRI:NDAQ | SSO: TSX 19 19
Slide 20: An Evolution from Explorer to Miner
An Evolution from Explorer to Miner Operational Excellence Strong balance sheet and Three operating mines focus cash flow diversification SSRI:NASDAQ │SSO:TSX │May 2017 SSRI:NDAQ | SSO: TSX 20 20
Slide 21: The Evolution Continues
The Evolution Continues Peter Tomsett retires as Chairman after 10 years of service on our Board Michael Anglin appointed Chairman Brings organizational knowledge, experience and continuity with 8 years of service on our Board SSR Mining approved as our new company name Expected to become
Slide 22: SSRI:NDAQ | SSO: TSX
SSRI:NDAQ | SSO: TSX 22
Silver Standard Resources — Shareholder Meeting (May 2017) on 6ix