July 2018
A TRACK RECORD OF CREATING VALUE
A TRACK RECORD OF CREATING VALUE July 2018 Cautionary Notes - - PowerPoint PPT Presentation
A TRACK RECORD OF CREATING VALUE July 2018 Cautionary Notes CautionaryNote Regarding Forw ard-Looking Statements This presentation contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements
July 2018
A TRACK RECORD OF CREATING VALUE
Cautionary Notes
PAGE 2 SSRM:NASDAQ/TSX CautionaryNote Regarding Forw ard-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 (collectivel y, “forward-looking statements”). All statements,Track record
flow generation Track record
shareholder value Track record
decreasing costs Leveraged to gold with attractive liquidity
Why SSR Mining?
A long-term track record of creating value
1 2 3 4 5 6
Strong platform in favorable jurisdictions Track record
Nevada: #3 ranked globally Argentina: +10 year operating history Saskatchewan: #2 ranked globally
+8 year mine life expected at all three operations
Strong Operating Platform in Favorable Jurisdictions
3.19M oz Au1
Marigold Seabee
+38% +84 0.44M oz Au 45.7M oz Ag Notes: Production represents 2017 actual production on an attributable, gold equivalent basis. Reserve growth compares Mineral Reserves as at year end 2017 vs. 2014 for Marigold, year end 2017 vs. 2015 (as published by Claude Resources) for Seabee, and attributable Mineral Reserves as at year end 2017 vs. 2016 for Puna Operations. Please refer to “Cautionary Notes” and “Reserves and Resources: Notes to Table” in this presentation. 2014 2017 2015 2017Favorable Jurisdictions Diversified Production Base Mineral Reserves Growth
+376% +84%Puna
Reliable trend of delivering more gold…
400 500 600 700 800 900 1,000 1,100 1,200 2012 2013 2014 2015 2016 2017 Gold-Equivalent Cash Costs ($/oz) Cash Cost Guidance Actual Cash CostsSix-year history of meeting or exceeding guidance
Track Record of Delivery
PAGE 5 SSRM:NASDAQ/TSX…at lower cash costs with less variability
Notes: Gold Eq. ounces have been established using the realized silver price and the weighted average realized gold price at each of our operations in the respective years and applied to the recovered metal content of the gold and silver ounces produced, as applicable. Realized metal prices and cash costs are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.2
+41% increase in annual AuEq production by 2021 Strong Outlook
Track Record of Growth and Decreasing Costs
3
Notes: Production and cash costs for 2017 reflect actual production and cash costs as reported in our news release dated February 22, 2018. Production and cash costs for 2018 reflect the mid-point of 2018 guidance as reported in our news release dated January 15, 2018, and are presented on an attributable co-product basis. Production and cash costs for each of the 2019-2021 periods for each operation are based on the Marigold updated life of mine reported in our news release dated June 18, 2018, the Seabee Gold Operation PEA as reported in our news release dated September 7, 2017 and the Puna Operations PFS as reported in our news release dated May 31, 2017. Puna Operations production reported on a 100% basis prior to formation of joint venture with Golden Arrow on May 31, 2017; subsequent to May 31, 2017, Puna Operations production is reported on a 75% basis. Gold equivalentIncreased cash balance ten consecutive quarters Ops Driven FCF
Note: SSR Mining’s cash and cash equivalents as per financial statements as at each respective quarterly date.Track Record of Free Cash Flow Generation
4
$0 $100 $200 $300 $400 $500 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Cash and Cash Equivalents ($M) Acquired Marigold (all cash) Acquired Seabee (all shares)Leveraged to Gold with Attractive Trading Liquidity
Notes: “Beta to gold price” represents “raw beta” calculated on weekly returns versus a spot gold price index from January 1, 2015 to July 12, 2018. Daily volume based on combined trading volumes from primary and secondary exchanges, as applicable, from January 1, 2015 to July 12, 2018. Source: Bloomberg, Capital IQ.5
2.2% 2.0% 1.8% 1.3% 1.2% 1.2% 1.0% 1.0% 0.9% 0.9% 0.7% 0.5% Coeur SSR Mining Hecla Eldorado NewGold Tahoe Fortuna McEwen B2Gold Klondex Detour Oceana Daily volume (% of shares out) 2.73 2.69 2.64 2.51 2.49 2.24 2.13 2.08 2.05 1.93 1.88 1.83 SSR Mining McEwen Coeur Fortuna B2Gold Detour Torex New Gold Hecla Eldorado Tahoe Oceana Beta to Gold PriceOperational Excellence and disciplined M+A are key differentiators
Track Record of Creating Net Asset Value Per Share
PAGE 9Creating Value
Notes: Peer index represents an equal weighted index, indexed to SSR Mining NAV per share beginning December 31, 2014 and ending July 12, 2018; peer index includes Coeur, Hecla, Tahoe Resources, OceanaGold, Torex Gold, New Gold, B2 Gold, Detour Gold, Eldorado Gold and Fortuna. McEwen Mining data not applicable for inclusion in peer index. Source: Capital IQ.6
+71%
Depth of experience and a top governance rating
SSR Mining Executive Team and Board of Directors
PAGE 10 SSRM:NASDAQ/TSX Michael Anglin Chairman Paul Benson Director, President and CEO Gustavo Herrero Director Brian Booth Director Beverlee Park Director Richard Paterson Director Steven Reid Director Simon Fish Director Elizabeth Wademan Director Nadine J. Block VP, Human Resources Paul Benson President and CEOFirst decile corporate governance rating leads peer group
2018 Production and Cash Costs Guidance
SSRM:NASDAQ/TSX PAGE 11Marigold Seabee Puna
(75% interest)SSR Mining Gold Gold Silver Gold Equivalent Production 190K – 210K oz 85K – 92K oz 2.3M – 3.3M oz 305K – 345K oz Cash Costs
(US$/oz)$725/oz – $775/oz $560/oz – $610/oz $12.50/oz – $15.00/oz $705/oz – $760/oz
Notes: Puna Operations and SSR Mining figures are presented on an attributable basis. Puna Operations 2018 production guidance for lead and zinc is 5.3 to 9.4 million pounds and 4.1 to 5.6 million pounds, respectively, on a 75% basis. Gold equivalent production and cash costs are based on a 73:1 gold to silver ratio. Cash costs is a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.325,000 oz AuEq at $735/oz cash costs in 2018
Mid-point Guidance
MARIGOLD MINE
GROWTH IN NEVADA
costs of $647 per ounce
(subject to the current EIS process)
Marigold: Large Scale, Low-Cost Producer
Notes: Cash costs is a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation. SSRM:NASDAQ/TSX PAGE 13Transformation: Increased Production and Lower Costs
Targeting +265,000 oz gold production by 2021
Pre-Acquisition Mine Plan +150,000 oz Au Revised LOMP 2015/2016 +200,000 oz Au
Upside from Equipment Replacement Study in 2019 Compelling Base Case
Notes: 2018 production reflects 2018 guidance as reported in our news release dated January 15, 2018. Production for each of the 2019-2022 periods is based on the Marigold updated life of mine plan as reported in our news release dated June 18, 2018. 50 100 150 200 250 2012A 2013A 2014A 2015A 2016A 2017A 2018E 2019E 2020E 2021E 2022E Gold Production (K oz)Expanded Reserves and Fleet +265,000 oz Au by 2021
Marigold Mineral Reserves and Resources Increased Y-o-Y
Mineral Reserves gold grade increased to 0.46 g/t
Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Mineral Reserves include 0.19 million ounces of leach pad inventory. Probable Mineral Reserves have a grade of 0.46 g/t. Mineral Reserves figures have some rounding applied, and thus totals may not sum exactly. Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Mineral Resources include 0.19 million ounces of leach pad inventory. Mineral Resources are based on $1,400/oz gold price assumption. Measured and Indicated Mineral Resources have a grade of 0.46 g/t. Inferred Mineral Resources have a grade of 0.41 g/t. Mineral Resources figures have some rounding applied, and thus totals may not sum exactly. Please refer to “Cautionary Notes” and “Reserves and Resources: Notes to Table” in this presentation. 2.84 (0.22) 0.21 0.36 3.19 5.66 0.63 1 2 3 4 5 6 7 2016 Reserves Depletion Model Assumptions Exploration 2017 Reserves 2017 M+I Resources 2017 Inferred Resources Gold Mineral Reserves and Mineral Resources (million ounces)Marigold: Exploration Success and Resource Conversion
SSRM:NASDAQ/TSX PAGE 168N Red Dot 8S 8SX MUD Waste TZN Leach Pad HideOut Red Dot North Basalt-Antler Valmy
N
Current mining area Mackay reserve pit outline
Marigold: Exploration Success and Resource Conversion
SSRM:NASDAQ/TSX PAGE 17A A’ 8D 8S 8SX TZN HideOut Red Dot North
Gold Grade (g/t)
75 meters 0.06 – 0.6 0.6 – 1.0 > 1.0 < 0.06 EOY 2017 Resource Pit Shell EOY 2017 Mackay Reserve Pit February 2018 Pit Surface Original Surface EOY 2017 Gold Grade ModelLeach Pad
MRA6461 35.1 m at 0.86 g/t MRA6434 106.7 m at 1.09 g/tN
Notes: Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Please refer to our news releases dated February 23, 2017, May 1, 2017 and September 5, 2017 for further details. See also “Cautionary Notes” and “Reserves & Resources: Notes to Tables” in this presentation.Marigold: Equipment Replacement Study
In 2019, evaluate mine fleet investment plan
PAGE 18 SSRM:NASDAQ/TSX Notes: Equipment replacement study trade-off parameters are targets only and do not reflect actual results or demonstrate actual economic viability. There is no certainty that such parameters will be reflected in the Marigold mine equipment replacement study or that the results of such study will be realized by us. Please see “Cautionary Notes” in this presentation.Scenario A Scenario B Material Movement
Mtpa+80 +110 Life of Mine (active mining)
years+10 +15 Gold Production
+210,000 +300,000 Mining Cost
$/tonne
$1.50 <$1.30 Mine Fleet Investment Plan
Investment Capex
$MLOMP LOMP + ~$100
with current life of mine plan
related support gear potentially lowering mining costs to ‘enable’ Red Dot deposit
parameters to be evaluated in 2019
margins
equipment replacement study
exploration at Valmy, East Basalt and Red Dot
80% increase from 2017
Marigold: Opportunities
SEABEE GOLD OPERATION
HIGH-GRADE GOLD MINE
Seabee: Overview
High-margin underground operation in a stable jurisdiction
Seabee Mineral Reserves and Resources Increased Y-o-Y
Mineral Reserves gold grade increased to 9.9 g/t
Notes: Mineral Reserves are based on $1,250/oz gold price assumption. Proven and Probable Mineral Reserves have a grade of 9.88 g/t. Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Mineral Resources are based on $1,400/oz gold price assumption. Measured and Indicated Mineral Resources have a grade of 10.74 g/t. Inferred Mineral Resources have a grade of 9.29 g/t. Mineral Reserves and Mineral Resources figures have some rounding applied, and thus totals may not sum exactly. Please refer to “Cautionary Notes” and “Reserves and Resources: Notes to Table” in this presentation. 361 92 166 437 681 674 200 400 600 800 1,000 1,200 1,400 2016 Reserves Depletion Exploration 2017 Reserves 2017 M+I Resources 2017 Inferred Resources Gold Mineral Reserves and Resources (thousand ounces)Increasing Production at Lower Costs
SSRM:NASDAQ/TSX PAGE 23 Acquired the Seabee Gold Operation May 31, 2016 Notes: Production and cash costs for 2017 reflect actual production and cash costs as reported in our news release dated February 22, 2018. Production and cash costs for each of the 2018-2021 periods is based on the Seabee Gold Operation PEA as reported in our news release dated September 7, 2017. The Seabee Gold Operation PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the Seabee Gold Operation PEA will be realized. Cash costs is a non-GAAP financialOperational Excellence Driving Seabee Mill Improvements
Step-change tonnage improvements since acquisition
400 500 600 700 800 900 1,000 1,100 1,200 1,300 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Mill Dry Tonnes per Day Mill test trial Decreased stope productionYear End 2017 Santoy Mineral Resources
SSRM:NASDAQ/TSX PAGE 25 Notes: Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Please refer to our news releases dated February 23, 2017, May 1, 2017 and September 5, 2017, and exploration results reported by Claude Resources in its news release dated May 22, 2013 for further details. See also “Cautionary Notes” and “Reserves & Resources: Notes to Tables” in this presentation. 100 meters Q3 2017 drillholes H1 2017 drillholes Previously Reported Drillholes Measured & Indicated Mineral Resources Inferred Mineral Resources Mined Areas Santoy Gap (9A, 9B, 9C) Santoy 8A Gap HW 2.5m at 27.7g/t (SUG-17-019) 7.0m at 7.17g/t (SUG-17-917) 2.8m at 26.6g/t (SUG-17-300) 6.3m at 7.43g/t (SUG-17-918) 2.1m at 10.8g/t (SUG-17-919) 5.5m at 12.4g/t (SUG-17-041) 5.8m at 6.4g/t (SUG-17-042) 2.8m at 17.6g/t (SUG-17-021) 1.4m at 11.7g/t (SUG-17-023) 2.8m at 6.5g/t (SUG-17-038) 2.1m at 6.5g/t (SUG-17-914) 9.5m at 9.1g/t (JOY-16-751) 9.9m at 8.2g/t (JOY-16-749) 2.1m at 52.8g/t (JOY-16-701) 0m ElevOPEN OPEN OPEN
1.3m at 14.4g/t (SUG-17-047) 2.4m at 14.8g/t (SUG-17-050) 2.1m at 24.0g/t (SUG-17-923)Large, Contiguous Land Package
SSRM:NASDAQ/TSX PAGE 26 23,300 hectare land package at Seabee 34,000 hectare land package at Fisher Project (option agreement) 10 km Gold occurrence Santoy Mine Seabee Mine/mill airstrip & camp All weather road Fisher exploration camp Santoy shear zone Carr target CRJ target Santoy 3 targetSeabee: Opportunities
and Indicated
SSRM:NASDAQ/TSX Seabee Gold Operation Saskatoon Flin Flon PAGE 27 Note: The Seabee PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the SGO PEA will be realized. Please refer to our news release dated September 7, 2017 for further details.PUNA OPERATIONS
LARGE-SCALE SILVER PRODUCER
Puna Operations Joint Venture
Brownfields development for Pirquitas operating life extension
the Pirquitas plant and facilities located 45 km away
production expected H2 2018
through +2025
guidance, at cash costs of $13.07/oz silver
exceeding guidance
2018 Guidance Medium Term Outlook
Puna Operations: Near Term Growth by 2019
Significant LOM base metals exposure from lead and zinc
3.4 6.8 6.9 6.9 $0 $2 $4 $6 $8 $10 $12 $14 $16 2 4 6 8 2018E 2019E 2020E 2021E Cash Cost ($/oz Silver-Equivalent) Silver-Equivalent Production (M oz) Silver Lead Zinc Cash CostsChinchillas Project Development On Track
PAGE 31pre-stripping activities underway
anticipated in H2 2018
Pre-stripping activities Stockpile dome construction – structural erection Tailings pumping infrastructureMaximizing value of portfolio with property sales
Portfolio Rationalization
PAGE 32 SSRM:NASDAQ/TSX 5 9 1SSR Mining Inc.
Delivering value and growth for our shareholders
PAGE 33$766/oz cash costs
Seabee in 2018; drilling underway
Production and Free Cash Flow Growth Near-term Investment Catalysts Strong Financial Position Exploration Upside
Selected Financial Results for 2016 and 2017
Notes: Silver sales and gold equivalent sales are on a 100% basis. Gold equivalent sales are based on total gold and silver sales and the realized silver and gold prices for each corresponding370,486 393,325 Revenue $M $448.8 $491.0 Income from Mine Operations $M $113.3 $154.0 Net Income $M $71.5 $65.0 Basic Attributable Earnings per share $ $0.58 $0.63 Adjusted Attributable Net Income $M $40.1 $100.3 Adjusted Basic Attributable Earnings per share $ $0.34 $0.97 Cash Generated by Operating Activities $M $144.7 $170.7 Cash and Cash Equivalents $M $459.9 $327.1 Return on Invested Capital % 13% 14%
Marigold Mine: Heap Leach Process
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Extraction Rate Months After Ore is Placed on Leach PadExtraction Rate of Recoverable Ounces
0-50 ft 50 -100 ft 100-200 ft 200-300 ft 300-400 ftSeabee: Value Creation Opportunity
SSRM:NASDAQ/TSX PAGE 37 Seabee (SSR Mining) Island Gold (Alamos Gold) Lamaque (Eldorado Gold) Nevada Operations (Klondex Mines)⁴ Average Mill Throughput (tpd) 1,050 1,100 1,675 899 Average Milled Grade (g/t) 8.3 9.7 7.0 17.2 Mine Life (years) 7 8 10 n.a. Gold Recovery (%) 96.5% 96.5% 93.6% 90.1%Seabee: Preliminary Economic Assessment
Expanded margins from higher throughput and grade
seven years
Seabee: PEA Financial Summary and Sensitivity Analysis
PAGE 39 Notes: The Seabee Gold Operation PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the Seabee Gold Operation PEA will be realized. Please refer to our news release dated September 7, 2017 for further details. The Canadian exchange rate is assumed to be 1.275:1 in 2017-2018 and 1.25:1 thereafter. Cash costs is a non-GAAP financial measure. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.Cash Flows ($M) Net Revenue $893.5 Operating Costs $(346.0) Royalties and Other $(28.5) Δ in Working Capital $10.3 Operating Cash Flow $529.3 Capital Costs $(89.5) Reclamation $(7.2) Pre-Tax Cash Flow $432.7 Tax $(86.0) Post-tax Cash Flow $346.7 NPV5% (pre-tax) $363.5 NPV5% (post-tax) $292.0
Gold price $1,300 per ounce Exchange rate (2019 onwards) C$1.25:US$1.00Pre-tax NPV (5%) Sensitivities ($M) Gold Price ($/oz) $1,200 $1,300 $1,400 Canadian Exchange Rate 1.20:1 $289 $346 $403 1.25:1 $307 $364 $420 1.30:1 $319 $376 $433 Pre-tax NPV (5%) Sensitivities ($M) Site Costs (% change)
0% 10% Infrastructure Capital (% change) 10% $392 $359 $326 0% $396 $364 $331
$401 $368 $335
N
Mineral Reserves and Resources Tonnes Ag Pb Zn Ag Pb Zn Mt g/t % % Moz Mlb Mlb P&P 11.7 154 1.20 0.49 58 310 127 M&I 29.3 101 0.90 0.60 96 581 386 Inf 20.9 50 0.54 0.81 34 250 374 Mine life: 8 years Total material mined: 66.6 M tonnes Strip ratio: 4.7 Processing rate: 4,000 tpd Average annual production (8 years active mining): 6.1 Moz Silver 35.0 Mlb Lead 12.3 Mlb Zinc 8.4 Moz Silver Eq Total production: 51.0 Moz Silver 71.0 Moz Silver Eq Operating costs: $2.88 / t mined, mining costs $15.34 / t milled, mining costs $14.72 / t milled, processing cost $7.00 / t milled, G&A costs $8.29 / t milled, ore transport & other Cash costs: $7.40 / oz Silver (net of by-products) AISC: $9.75 / oz Silver (net of by-products) Development capital: $81 M Sustaining capital: $44 M NPV: $178 M (post-tax, 5%) IRR: 29% (post-tax)Chinchillas Project: Data Sheet (100% Basis)
Near-term Production with Positive Pre-Feasibility Results
SSRM:NASDAQ/TSX PAGE 40 Notes: All data is as reported in the technical report entitled “NI 43-101 Technical Report Pre-feasibility Study of the Chinchillas Silver-Lead-Zinc Project Jujuy Province, Argentina” filed on May 31, 2017 and available under our profile on the SEDAR website at www.sedar.com. Cash costs are net of estimated capitalized stripping over the life of mine. Metal price assumptions include $19.50/oz silver, $0.95/lb lead and $1.00/lb zinc. Silver equivalent values are based on these metal price assumptions. Measured and Indicated Mineral Resources are inclusive of Mineral Reserves. Cash costs and AISC are non-GAAP measures. Please refer to “Cautionary Notes” in this presentation and the slide entitled “Chinchillas Mineral Reserves and Resources”.Pirquitas Underground Opportunity
Focused on Mine Life Extension
PAGE 41 SSRM:NASDAQ/TSX Notes: See news release dated September 21, 2015 for drillhole highlights and reference data for the Pirquitas exploration drill program. See also “Cautionary Notes”.feed from the Chocaya, Oploca and Cortaderas veins
program:
Resources as a high-grade supply to supplement Chinchillas
Pirquitas
San Luis Project:
PAGE 42 SSRM:NASDAQ/TSXSan Luis Project Feasibility Study Results (June 2010)
Note: See “Cautionary Notes” and “Reserves & Resources: Notes to Tables” in this presentation. Also see “Technical Report for the San Luis Project Feasibility Study, Ancash Department, Peru” dated June 4, 2010 and available under our profile on the SEDAR website at www.sedar.com. Mine life: 3.5 years Average annual production: 1.9M oz Ag 78,000 oz Au Cash costs: $313 / oz Au Resources (M+I): 9.0M oz Ag at 578.1 g/t 0.35M oz Au at 22.4 g/t Capital: $90 -$100M Mill throughput: 400 tonnes per day NPV: $39M (base case) IRR: 26.5% (base case) Deposit type: Volcanic hosted, low sulphidation, epithermal quartz vein deposit Opportunities: Identify additional veins and followingPitarrilla Project: Large undeveloped silver resource A unique high-grade gold reserve with exploration upside Pitarrilla Project Feasibility Study Results (December 2012)
Mineral Reserves
(as of December 31, 2017)
Location Tonnes Silver Gold Lead Zinc SSRM SSRM Interest SSRM Interest millions g/t g/t % % % Interest Silver million oz Gold million oz Proven Mineral Reserves Seabee Canada 0.26 7.58 100 0.06 Chinchillas Argentina 1.64 180 0.75 0.42 75 7.1 Total 7.1 0.06 Probable Mineral Reserves Marigold U.S. 205.10 0.46 100 3.00 Marigold Leach Pad Inventory U.S. 100 0.19 Seabee Canada 1.12 10.41 100 0.37 Chinchillas Argentina 10.07 150 1.27 0.50 75 36.3 Pirquitas Stockpiles Argentina 1.05 90 0.69 75 2.3 San Luis Peru 0.51 447 18.06 100 7.2 0.29 Total 45.8 3.85 Total Proven and Probable Mineral Reserves Marigold U.S. 205.10 0.46 100 3.00 Marigold Leach Pad Inventory U.S. 100 0.19 Seabee Canada 1.37 9.88 100 0.44 Chinchillas Argentina 11.71 154 1.20 0.49 75 43.4 Pirquitas Stockpiles Argentina 1.05 90 0.69 75 2.3 San Luis Peru 0.51 447 18.06 100 7.2 0.29 Total Proven and Probable 52.9 3.92 SSRM:NASDAQ/TSX PAGE 43Mineral Resources: Measured and Indicated
(as of December 31, 2017)
Location Tonnes Silver Gold Lead Zinc SSRM SSRM Interest SSRM Interest millions g/t g/t % % % Interest Silver million oz Gold million oz Measured Mineral Resources (Inclusive of Proven Mineral Reserves) Seabee Canada 0.57 9.29 100 0.17 Chinchillas Argentina 3.09 128 0.60 0.41 75 9.5 Pitarrilla Mexico 12.35 90 0.70 1.22 100 35.7 Total 45.3 0.17 Indicated Mineral Resources (Inclusive of Probable Mineral Reserves) Marigold U.S. 370.20 0.46 100 5.47 Marigold Leach Pad Inventory U.S. 100 0.19 Seabee Canada 1.40 11.33 100 0.51 Chinchillas Argentina 26.20 98 0.94 0.62 75 62.1 Pirquitas UG Argentina 2.63 292 4.46 75 18.6 Pirquitas Stockpiles Argentina 1.05 90 0.69 75 2.3 Pitarrilla Mexico 147.02 97 0.32 0.87 100 460.7 Pitarrilla UG Mexico 5.43 165 0.68 1.34 100 28.8 San Luis Peru 0.48 578 22.40 100 9.0 0.35 Amisk Canada 30.15 6 0.85 100 6.0 0.83 Total 587.5 7.34 Measured and Indicated Mineral Resources (Inclusive of Mineral Reserves) Marigold U.S. 370.20 0.46 100 5.47 Marigold Leach Pad Inventory U.S. 100 0.19 Seabee Canada 1.97 10.74 100 0.68 Chinchillas Argentina 29.29 101 0.90 0.60 75 71.6 Pirquitas UG Argentina 2.63 292 4.46 75 18.6 Pirquitas Stockpiles Argentina 1.05 90 0.69 75 2.3 Pitarrilla Mexico 159.36 97 0.35 0.89 100 496.5 Pitarrilla UG Mexico 5.43 165 0.68 1.34 100 28.8 San Luis Peru 0.48 578 22.40 100 9.0 0.35 Amisk Canada 30.15 6 0.85 100 6.0 0.83 Total Measured and Indicated 632.7 7.52 SSRM:NASDAQ/TSX PAGE 44Mineral Resources: Inferred
(as of December 31, 2017)
Location Tonnes Silver Gold Lead Zinc SSRM % SSRM Interest Silver SSRM Interest Gold millions g/t g/t % % Interest million oz million oz Inferred Mineral Resources Marigold U.S. 49.70 0.41 100 0.63 Seabee Canada 2.26 9.29 100 0.67 Chinchillas Argentina 20.92 50 0.54 0.81 75 25.4 Pirquitas UG Argentina 1.08 207 7.45 75 5.4 Pitarrilla Mexico 8.52 77 0.18 0.58 100 21.2 Pitarrilla UG Mexico 1.23 138 0.89 1.25 100 5.5 San Luis Peru 0.02 270 5.60 100 0.2 0.00 Amisk Canada 28.65 4 0.64 100 3.7 0.59 Total Inferred 61.4 1.90 SSRM:NASDAQ/TSX PAGE 45Reserves 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 for each property other than the Marigold mine, the Seabee Gold Operation and the Amisk project have been reviewed and approved by Bruce Butcher, P.Eng., our Director, Mine Planning, and F. Carl Edmunds, P.Geo., our Chief Geologist, each of whom is a Qualified Person. Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Mineral Resources and Mineral Reserves estimates of silver ounces for Puna Operations are reported on a 75% attributable basis. Mineral Resources and Mineral Reserves figures have some rounding applied, and thus totals may not sumNotes
Notes
Notes
Strong governance rating
SSR Mining Inc.
PAGE 50 SSRM:NASDAQ/TSX Source: FactSet, ISS and BMO Capital Markets as of June 20, 2018.Share capital structure, convertible note and top shareholders overview
SSR Mining Inc.
PAGE 51 SSRM:NASDAQ/TSX Source: Capital IQ, Ipreo; as at July 12, 2018. Cash and cash equivalents, marketable securities, convertible notes, revolving credit facility and total shares outstanding as at March 31, 2018. Market capitalization as at July 12, 2018. $ Million Cash and Cash Equivalents $473 Marketable Securities $44 Convertible Notes (face value) $265 Credit Facility ($75M, undrawn)