Business Enquirer Issue 116 | SSR Mining | August 2023

THE PATH TO LONGEVITY

SSR MINING

THE PATH TO LONGEVITY

SSR Mining, a free cash flow focussed intermediate gold company, owns four producing assets, along with a global pipeline of high-quality development and exploration assets.

In 2021, between the Çöpler mine, Turkey; Marigold, US; Seabee, Canada; and Puna, Argentina, SSR Mining produced over 794,000 gold-equivalent ounces.

Now, with a focus on operational excellence and mining for margin, the business has plans to leverage its strong balance sheet and its proven track record of free cash flow generation as a foundation to organically fund growth.

Long Life Anticipated for SSR Mining Assets

SSR Mining’s diversified asset portfolio consists of high margin, long-life assets along several of the world’s most prolific precious metal districts.

The Çöpler mine asset is found in the Tethyan belt in Turkey, a country

where the business also has assets in development and exploration.

The asset has been operating since 2010, with a current estimated life cycle of over 20 years and the potential for mine life extension.

As of December 2022, SSR Mining reported Proven and Probable Mineral Reserves of 47.7 million tonnes at an average grade of 2.11 g/t or 3.2 million ounces of contained gold, excluding stockpiles.

In addition to the gold in the known Mineral Reserves, SSR Mining are undertaking both in-pit and near-mine exploration programs to identify additional potential, as well as continuing to drill regionally to identify additional prospects for future growth.

SSR MINING PROJECT DIRECTED BY: GLEN NEWTON ARTICLE WRITTEN BY: LAURA

WATLING

MOGAS Industries, Inc.

MOGAS Industries, Inc. is a proud supplier of the Alacer Gold Corporation. Our partnership with Alacer Gold has allowed for continuous improvements through technological innovations which have positioned MOGAS to offer comprehensive solutions for the mining and autoclave industries at large. Through extensive service support both in-person and remote, repeated trials in R&D, on-site testing, as well as extensive product and operational knowledge, MOGAS continues to set the standard for partnership excellence.

For over 50 years MOGAS has been responsible for rapid optimization and streamlining several processes from refining and power to the mining and autoclave industry. As a leader in severe service technology, MOGAS provides a range of products to resolve common issues in autoclave processes, like pressure oxidation (POX) and high-pressure acid leaching (HPAL). In addition to providing the world’s highest quality severe service valves for isolation, MOGAS also offers several surface technology solutions including our patented ML-381TM metallurgically bonded weld overlay, which extends the life of ball valves, agitator blades, strainers, and other equipment exposed to abrasive media. Any number of custom designs are possible in order to suit the needs of our customers.

Technological advancements in acoustic emissions measurement, as well as sparge applications and feed pump non-return valves illustrate how MOGAS continues to look for innovative ways to not only monitor the performance of our products, but also provide cost-effective solutions to challenging applications, whilst enhancing their efficiency. Further, recent acquisitions include the MOGAS Watson Series valve, which is suitable for oxygen service and has a proven reputation for safety and reliability. With a global customer base and several offices and service technicians located strategically around the world, MOGAS has the resources to ensure that repairs are handled quickly and efficiently, avoiding downtime and unplanned shutdowns.

To sustainably compete in today’s production environment, producers need to avoid supply chain delays and disruptive slowdowns that limit profitability. MOGAS is working with Alacer Gold and various global customers individually to optimize the scope of supplies - focused on ensuring minimal impact to customers while sustaining, if not improving, product performance. We look forward to continuing to ensure that each new opportunity is a valueadded experience for all of our customers and wish Alacer Gold continued success as it grows its operations around the world.

About MOGAS Industries:

MOGAS Industries is the dominant severe service technology company, providing world-renowned services and the best severe service, applicationspecific products for critical applications in power, mining, oil & gas, refining, chemical/ petrochemical, pulp & paper and specialty industries. Severe service is defined as: extreme temperatures

• high pressures

• abrasive particulates

• acidic products

• heavy solids build-up

• critical plant safety

• large pressure differentials

• velocity control

• and noise control.

MOGAS divisions offer:

•severe service valves, actuation and regulators for isolation and flow control

•systems and consulting for modular process units (skids) and autoclave operations and maintenance

•and coating technologies and surface engineering to extend product functionality

MOGAS is a global company. You will find authorized sales and repair centers in China, Australia, Canada, North and South America, Africa, The Middle East and Europe that are staffed with MOGAS-trained technicians who provide the same high level of service, on-site assistance and engineering support found at our corporate service center in Houston.

www.mogas.com/en-us

Across the Atlantic, the mining firm has created a substantial footprint in The Americas, with three assets in production, and a further three in development (San Luis, Peru and Pitarrilla NSR, Mexico) and exploration (Canada).

Its asset in the USA, the Marigold mine, is situated along the Battle MountainEureka trend in Nevada.

Steeped in history, Marigold has been producing since 1989, and was acquired by SSR Mining in April 2014. It is believed to have a further eight years of mine life to 2032, and gold production through to 2038, with the potential for mine life extension.

The mine is a large run-of-mine heap leach operation with several open pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility.

Currently, the mine utilises a fleet of 290-tonne haul trucks and three loading units. The gold doré bars produced at the mine are shipped to a third party refinery. Much like its operations in Turkey, near-mine exploration in Nevada is ongoing, with a focus on higher-grade oxides, resource expansion and reserve conversion.

Further north can be found SSR Mining’s producing asset in Canada, the Seabee mine, which is based along the TransHudson Corridor in Saskatchewan.

Acquired by SSR Mining in 2016, the Seabee mine has been in continuous commercial production since 2014.

In April 2022, SSR Mining expanded its existing exploration platform at Seabee through the acquisition of Taiga Gold. In the same year, the mine report record production levels, with an output of 136,125 ounces of gold

The company’s properties in Saskatchewan now cover an area of approximately 131,150 hectares Seabee has successfully replaced gold

reserves over the mine’s 30 year operating life, and current exploration programs are designed to support

Seabee’s continuation into the next decade. Finally, in South America, SSR Mining owns the Puna mine, which can be found along the Bolivian silver belt in Jujuy, Argentina.

Puna, which is 100% owned by SSR Mining, comprises the Chinchillas mine and the Pirquitas property, which includes the Pirquitas processing facilities.

The Chinchillas mine is a silver-lead-zinc deposit, which achieved commercial production in December 2018. It aims to supply ore to the Pirquitas processing facilities (which has been in commercial production since 2009) over an 8-year active mining period.

The 2021 SK1300 Technical Report Summary life of mine plan for Puna featured 5 years of mining to 2026 including average annual production of 7.0 million ounces of silver over the first 5 years.

Like SSR Mining’s other assets, the puna operation features opportunities for mine life extension, including the potential for in-pit Mineral Reserve and Resource growth at the Chinchillas pit, potential for near-mine Mineral Reserve and Resource growth at the Cortaderas target, and greenfield exploration targeting across the regional Puna land package.

Safe For Life

SSR Mining is on a mission to create value & leave a legacy through responsible and sustainable operations.

One strategy it has implemented is its “Safe For Life” mining safety program.

The program emphasises balancing the human and technical aspects of safety: blending leadership behaviours with traditional management activities to create a safe, productive culture.

Encouraging positive reinforcement and open, honest communication to build trust, SSR Mining aims to ensure that its staff understand their individual contributions to safe production.

In this positive environment, SSR Mining encourages safety awareness, recognising hazards and analysing risk in staff’s daily activities.Each employee is empowered to take the necessary actions to minimise risks.

“Our ultimate goal is to achieve “safe for

life” and deliver safe production every day,” says SSR Mining’s website.

Ensuring a long-term vision, SSR Mining has also made a commitment to sustainable mining.

“Being responsible environmental stewards is a critical part of our business,” said SSR Mining CEO, Rodney Antal, in its 2022 Sustainability Report.

In 2022, the mining organisation designed and formalised a global, cross functional

water strategy to ensure water is treated as a vital resource that is critical to its operations and communities. In the same year, it reported a company-wide water reuse and recycling rate of 89%.

In addition, the SSR Mining is committed to innovation and understanding how new technologies can help it to operate more efficiently, maximising its longevity.

www.ssrmining.com