Q3 2018 CONFERENCE CALL November 9, 2018 Cautionary Notes - - PowerPoint PPT Presentation

November 9, 2018

Q3 2018 CONFERENCE CALL

Cautionary Notes

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• Increased gold equivalent production to

95,000 ounces at lower cash costs

• Doubled operating cash flow and

increased attributable earnings

• Achieved operating records at Marigold

and Seabee

• Improved 2018 guidance
• Key milestones achieved at Chinchillas
• Exploration investments yielding results
• Strong cash balance of $475M

Q3 2018: Delivered Our Strongest Quarter Year-to-Date

Note: Cash costs is a non-GAAP financial measure. Please see “Cautionary Note Regarding Non-GAAP Financial Measures” in this presentation.

• Produced 58,459 oz of gold, an 18%

increase compared to Q2

• Record material movement of 21.3M

tonnes at lower mining costs of $1.51/t

• Positive impact from four new haul

trucks

• Reported cash costs of $711/oz gold
• Reported AISC of $965/oz gold
• Improving 2018 cash cost guidance

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Marigold Mine: Q3 2018 Results

Note: Cash costs and AISC are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.

• Record production of 27,831 oz of gold
• Mill throughput increased to 959 tonnes per day
• Record single day throughput of +1,440

tonnes

• Reported record cash costs of $447/oz gold
• Reported record AISC of $596/oz gold
• Improving 2018 production and cash cost

guidance

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Seabee Gold Operation: Q3 2018 Results

Note: Cash costs and AISC are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.

• Produced 0.7M oz of silver, more than

doubled zinc production to 3.2M lbs

• Successfully test processed Chinchillas
• re, produced saleable concentrates
• Plant shutdown completed safely, under

budget, and ahead of schedule

• Reported cash costs of $17.41/oz silver
• Reported AISC of $22.39/oz silver

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Puna Operations: Q3 2018 Results

Note: Cash costs and AISC are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-GAAP Measures” in this presentation.

SSRM:NASDAQ/TSX

Chinchillas Project Development On Track

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• Pre-stripping advancing as planned
• Key milestones: completed stockpile

dome, road by-passes, power line upgrade

• Commercial production expected

Q4 2018

• Project remains on budget

Pre-stripping activities advancing as planned Stockpile dome construction complete Road by-passes operational

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Marigold Exploration Update

Focused on Mineral Resource Upgrade at Red Dot and Mackay A’ A

MRA6743 62.5 m at 1.45 g/t

• Incl. 10.7 m at 6.82 g/t

EOY 2017 Resource Pit Shell EOY 2017 Mackay Reserve Pit September 2018 Pit Surface

E W

Original Surface 75 meters Gold Grade (g/t) 0.06 – 0.6 0.6 – 1.0 > 1.0 < 0.06 EOY 2017 Gold grade model MRA6679 27.4 m at 1.68 g/t

Note: Please see our news release dated November 6, 2018 for further details.

1.9m at 37.6g/t

(SUG-17-058)

3.2m at 32.2g/t

(JOY-18-810)

2.6m at 27.5g/t

(JOY-18-807)

4.1m at 17.0g/t

(JOY-18-801)

4.8m at 12.0g/t

(JOY-18-799)

2.7m at 18.4g/t

(JOY-18-772)

3.7m at 8.2g/t

(SUG-18-624) (HW)

4.1m at 25.6g/t

(SUG-18-622) (HW)

4.8m at 12.3g/t

(SUG-18-612) (HW)

3.7m at 20.5g/t

(SUG-18-909)

18.5m at 11.2g/t

(SUG-18-941)

7.0m at 14.1g/t

(SUG-18-943)

6.3m at 12.5g/t

(SUG-18-955)

2.5m at 32.5g/t

(SUG-18-907)

7.0m at 12.2g/t

(SUG-18-913)

2.2m at 12.5g/t

(SUG-17-926)

>20 Gram-meters, Exploration Period Previously Reported Drillholes Measured & Indicated Mineral Resources Inferred Mineral Resources Mined Areas (Year-End 2017) <20 Gram-meters, Exploration Period

Santoy Gap HW 10.7m at 3.7g/t

(JOY-18-831) (HW)

1.9m at 200.9g/t

(JOY-13-690)

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Seabee Exploration Update

Near-mine drilling at Santoy yielding significant results

0m Elev 800m Elev

Santoy Gap (9A, 9B, 9C) Santoy 8A

Note: Please see our news release dated November 6, 2018 for further details.

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Santoy Gap Hanging Wall

Recent drilling confirms discovery near existing infrastructure

Note: Please see our news release dated November 6, 2018 for further details.

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Selected Financial Results for Q3 2018

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 corresponding

• period. Realized metal prices, adjusted attributable net income and adjusted basic attributable earnings per share are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-

GAAP Measures” in this presentation.

Units Q3 2018 Q2 2018 Q3 2017 Gold Sales

• z

88,787 67,156 60,616 Silver Sales Moz 0.6 1.1 2.1 Total Gold Equivalent Sales

• z

96,760 81,595 88,029 Gold Equivalent Production

• z

94,808 85,082 77,105 Revenue $M $115.0 $104.0 $106.0 Income from Mine Operations $M $21.8 $21.2 $22.5 Net Income $M $2.2 $2.6 $1.8 Attributable Net Income $M $6.4 $5.1 $1.1 Basic Attributable Earnings per share $ $0.05 $0.04 $0.01 Adjusted Attributable Net Income $M $10.8 $12.1 $4.4 Adjusted Basic Attributable Earnings per share $ $0.09 $0.10 $0.04 Cash Generated by Operating Activities $M $35.4 $17.1 $30.3

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Financial Strength Continues to be an Advantage

Units Q3 2018 Q2 2018 Cash $M $475 $494 Total Assets $M $1,504 $1,505 Current Liabilities $M $82 $88 Working Capital $M $649 $672

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• Delivered strong operating performance
• Solid financial performance with increased
• perating cash flow and attributable

earnings

• Improved 2018 guidance
• On track to meet or exceed full year

guidance for seventh consecutive year

• Exploration programs yielding significant

results

• Robust growth outlook at all three
• perations

Delivering Growth and Value for Shareholders

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