Ssr Mining Inc. · NASDAQ:SSRM

Ssr Mining — Investor Presentation (August 2017)

44 slides from Ssr Mining's investor presentation, Aug 17, 2017

1. Slide 1: Creating Value: August 2017 Corporate Presentation

   CREATING VALUE August 2017 Corporate Presentation

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, “f

3. Slide 3: High Quality Precious Metals Producer

   High Quality Precious Metals Producer  Three mining operations with Production prospective land positions Growth and  Produced record 393,325 oz AuEq in 2016 Scale  Produced over 200,000 oz AuEq in H1 2017 Generating  Operating cash flow of $69M in H1 2017 Free Cash Flow  Net income of $52M in

4. Slide 4: Delivering on our Strategy and Creating Value

   Delivering on our Strategy and Creating Value Maximizing the Strengthening our value of our mines balance sheet Operational Excellence Net Cash Position Brownfields Exploration Robust Liquidity Rationalizing our Pursuing portfolio opportunities Project Divestitures Internal Growth Options Reduced Ho

5. Slide 5: Delivering Scale and Margin

   Delivering Scale and Margin Record Gold Equivalent Production in 2016 12% $1,261 $1,200 400 $1,235 $1,151 393 $1,000 349 and Realized Gold Price (green) ($/oz) Gold Equivalent Cash Costs (orange) Increase in Production year-on-year Gold Equivalent Production (Koz) 300 $810 $800 $723 265 $653 200 $60

6. Slide 6: Improved 2017 Production and Cash Costs Guidance

   Improved 2017 Production and Cash Costs Guidance Marigold Seabee Pirquitas SSR Mining Gold Gold Silver Gold Equivalent Production 205K – 215K oz 75K – 85K oz 5.0M – 6.0M oz 350K – 380K oz Cash Costs $12.50/oz – $640/oz – $670/oz $575/oz – $625/oz $680/oz – $725/oz (US$/oz) $14.00/oz* Mid-point Guida

7. Slide 7: Marigold Mine

   MARIGOLD MINE GROWTH IN NEVADA

8. Slide 8: Track Record of Performance and Growth

   Track Record of Performance and Growth  Open pit, run-of-mine heap leach gold operation  Continuous production since 1988  Strong safety and environmental practices Twin Creeks Goldstrike MARIGOLD Maverick  Excellent infrastructure Phoenix Springs Cortez Carlin Trend  55,558 oz Au production at

9. Slide 9: Marigold Operating Outlook

   Marigold Operating Outlook 2017 2018 2019 2020 2021 Gold production (Koz) 205 – 215 200 – 210 225 – 235 205 – 215 230 – 240 Cash costs ($/oz) $655 – $705 $830 – $880 $740 – $790 $660 – $710 $550 – $600 Capital investment ($M) $30 $35 $25 $20 $25 Capitalized deferred $17 $15 $15 $30 $70 stripping ($M

10. Slide 10: Lower Operating Cost Profile

    Lower Operating Cost Profile Focus and Discipline for Long Term Value $9.00 8% Operating Costs 13% 8% ($/tonne ore) $6.00 13% Mining Costs Processing Costs $3.00 79% 79% G&A Costs $0.00 2014 Technical Report 2016 5-year Outlook Labor Labor Other 29% Other 31% 40% 42% Fuel Royalties 17% Fuel 15% Roya

11. Slide 11: Creating Value with Operational Excellence

    Creating Value with Operational Excellence DRILL BLAST LOAD HAUL Reduced drills to four Improved blasting pattern / Used most effective shovel Implemented a ‘hot shift from six products and loading operator to train others change’ for truck operators sequence Cost per Foot Drilled Total Blasting Cos

12. Slide 12: 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 June 1, 2017 to July 1, 2017 with respect to rope shovel operating practices at certain precious meta

13. Slide 13: Operational Excellence is Fundamental

    Operational Excellence is Fundamental Long-term Cost Savings at Marigold $1.92 Mining Cost per Tonne $1.74 $1.70 $1.65 $1.65 $1.67 $1.61 $1.62 $1.57 $1.54 $1.55 $1.52 $1.48 $1.48 $1.45 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 201

14. Slide 14: Marigold Mineral Reserves Increase 30%

    Marigold Mineral Reserves Increase 30% 1.00 2.84 3.0 Gold Mineral Reserve 2.17 0.27 (million ounces) 0.05 2.0 1.0 0.0 2015 Reserves Depletion Model Assumptions Exploration 2016 Reserves Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Mineral Reserves include 0.17 million ounces

15. Slide 15: Exploration Success and Resource Conversion

    Exploration Success and Resource Conversion N 8N 8D 8SX HideOut Mud Pits Valmy East Basalt Battle Cry A’ Reserve Pits 2016 Resource A Additions Basalt Pit 2017 Drill Areas Core Holes Terry Zone North Mackay Pit 1 km Higher-grade discoveries since 2014 A Original Surface EOY 2015 Resource Surface EOY

16. Slide 16: Seabee Gold Operation

    SEABEE GOLD OPERATION HIGH GRADE GOLD MINE

17. Slide 17: Seabee Gold Operation Overview

    Seabee Gold Operation Overview High-margin Underground Operation in a Stable Jurisdiction  High-grade, underground mine in Saskatchewan, Canada  Mill operating since 1991 with current capacity of 900 tpd  Strong safety and environmental practices  77,640 oz Au record production in 2016 Amisk Pro

18. Slide 18: Improved Operating Profile

    Improved Operating Profile Higher Gold Grade and Lower Costs with Santoy Discovery 100 $954 $1,000 75 - 85 78 76 75 $757 $800 Cash Costs ($/oz Au) Production (Koz Au) 63 $639 $575 - $625 $525 $600 50 44 $400 42 25 H1 (Actual) $200 0 $0 2013 2014 2015 2016 2017 Guidance Notes: 2016 cash costs of $639

19. Slide 19: Seabee 2016 Mineral Reserves and Resources

    Reserve Gold Grade Increased to 8.2 g/t Seabee 2016 Mineral Reserves and Resources 400 192 11 361 Gold Mineral Reserve (thousand ounces) 200 239 81 50% Increase in Mineral Reserves year-on-year 0 2015 Reserves Depletion Exploration Model 2016 Reserves Assumptions 638 Gold Mineral Resources 1,000 43%

20. Slide 20: 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

21. Slide 21: Increased Land Package ~150% with Fisher Project

    Increased Land Package ~150% with Fisher Project 23,300 Hectare Land Package at Seabee 34,000 Hectare Land Package at Fisher Project SSR Mining Inc. Tenure Underexplored Well positioned for discovery with $5M spend in 2017 SSRM:NASDAQ/TSX PAGE 21

22. Slide 22: Puna Operations

    PUNA OPERATIONS LARGE-SCALE SILVER PRODUCER

23. Slide 23: Pirquitas: Proven Capability and Delivery

    Pirquitas: Proven Capability and Delivery Generated Free Cash Flow in 2016  Commercial production at Pirquitas achieved in 2009  Plant processed +4,000 tpd producing a silver concentrate  10.4M oz Ag record annual production in 2016  1.9M oz Ag production at $12.15/oz cash costs in Q2 2017 Pirqu

24. Slide 24: Positioned to Generate Free Cash Flow in 2017

    Positioned to Generate Free Cash Flow in 2017 $19.70 $16.88 Cash costs per payable ounce of silver sold $12.50 - $14.00 $12.87 $12.08 $10.68 $9.00 2011 2012 2013 2014 2015 2016 2017 Guidance Year of Records Achieved record low costs and production at Pirquitas in 2016 * As cash costs are reported on

25. Slide 25: Chinchillas Project Overview

    Chinchillas Project Overview Brownfields Development for Pirquitas Operating Life Extension  SSR Mining is the JV operator with a 75% controlling interest  Chinchillas is a silver-lead-zinc deposit located 45 km from the Pirquitas plant and facilities  Extends Pirquitas operating life through +20

26. Slide 26: Chinchillas Project Overview (100% Basis)

    Chinchillas Project Overview (100% Basis) Near-term Production with Positive Pre-Feasibility Results 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

27. Slide 27: Pirquitas Underground

    Pirquitas Underground Focused on Mine Life Extension  Potential small-scale, high-grade ore feed from the Chocaya, Oploca and Cortaderas veins  Positive drill results from 2015 drill program:  3.16 meters at 1,436 g/t silver  1.93 meters at 1,890 g/t silver  0.83 meters at 2,670 g/t silver  Re

28. Slide 28: 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, Option agreement on high-grade, gold- Carlin-type gold deposit

29. Slide 29: 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

30. Slide 30: Delivering Long-Term Value for our Shareholders

    Delivering Long-Term Value for our Shareholders  Three mining operations with prospective land positions in the Americas Scale and Quality for  Developing the Chinchillas project for 2018 production Growth  Market cap of ~$1.2B with listings on NASDAQ and TSX  Maximizing value of existing assets

31. Slide 31: Value & Growth

    Value & Growth SSRM:NASDAQ/TSX PAGE 31

32. Slide 32: San Luis Project High-Grade Gold Development Option

    San Luis Project High-Grade Gold Development Option Ancash Region, Peru High-grade mineralization with N M+I Mineral Resources of  9.0M oz Ag at 578.1 g/t  0.35M oz Au at 22.4 g/t Ecash Community Already Secured  EIA  Feasibility Study Ayelén Vein Going forward San Simon Vein  Pursuing communit

33. Slide 33: Pitarrilla Project Large Mineral Resource Development Option

    Pitarrilla Project Large Mineral Resource Development Option  Development stage silver-lead-zinc deposit  Open pit / UG project with potential for long life  Conventional flotation and leaching Pitarrilla Project Durango, Mexico  Measured and Indicated Mineral Resources  Open pit: 497M oz Ag at

34. Slide 34: Mineral Reserves (as of December 31, 2016)

    Mineral Reserves (as of December 31, 2016) Location Tonnes Silver Gold Zinc Silver Gold millions g/t g/t % million oz million oz Proven Mineral Reserves Seabee Canada 0.52 6.97 0.12 Total 0.12 Probable Mineral Reserves Marigold U.S. 185.00 0.45 2.67 Marigold Leach Pad Inventory U.S. 0.17 Seabee Cana

35. Slide 35: Mineral Resources: Measured and Indicated

    Mineral Resources: Measured and Indicated (as of December 31, 2016) Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.81 7.71 0.20 Pitarrilla Mexico 10.13 91.7 0.70 1.23 29.8

36. Slide 36: Mineral Resources: Inferred

    Mineral Resources: Inferred (as of December 31, 2016) Location Tonnes Silver Gold Lead Zinc Silver Gold millions g/t g/t % % million oz million oz Inferred Mineral Resources Marigold U.S. 53.60 0.41 0.70 Seabee Canada 2.56 7.74 0.64 Pirquitas Argentina 0.91 80.3 1.88 2.3 Pirquitas UG Argentina 0.94

37. Slide 37: 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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). The estimates of Mineral Reserves and Mineral Resources fo

38. Slide 38: Chinchillas Mineral Reserves and Resources

    Chinchillas Mineral Reserves and Resources 100% Project Basis Mineral Resources Tonnes AgEq Ag Pb Zn AgEq Ag Pb Zn (as at Oct. 2, 2016) (Mt) (g/t) (g/t) % % (Moz) (Moz) (Mlb) (Mlb) Measured 3.1 160 128 0.60 0.41 16 13 41 28 Indicated 26.2 148 98 0.94 0.62 124 83 540 358 Total (M+I) 29.3 149 101 0.90

39. Slide 39: Strong Technical and Commercial Experience

    Strong Technical and Commercial Experience Board of Directors Management Team Michael Anglin Paul Benson Chairman President, CEO and Director Paul Benson Gregory Martin SVP and CFO Brian Booth Alan Pangbourne Gustavo Herrero COO Beverlee Park John DeCooman VP, Business Development and Strategy Richa

40. Slide 40: Ownership and Capitalization Summary

    Ownership and Capitalization Summary Top 10 Shareholders % of Shares Outstanding Institutional Holdings by Country Van Eck Value 11.0% 13% Renaissance Technologies 3.9% United States 9% Investec Asset Management 2.5% Canada Deutsche Bank 2.1% United Kingdom The Vanguard Group 2.0% Other Sun Valley G

41. Slide 41: Notes

    Notes SSRM:NASDAQ/TSX PAGE 41

42. Slide 42: Notes

    Notes SSRM:NASDAQ/TSX PAGE 42

43. Slide 43: Notes

    Notes SSRM:NASDAQ/TSX PAGE 43

44. Slide 44: SSR Mining Inc. Contact Details

    SSR Mining Inc. www.ssrmining.com Toll-free: +1 888.338.0046 Telephone: +1 604.689.3846 Email: invest@ssrmining.com

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