Introducing SSR Mining

We are pleased to announce that we are officially known as SSR Mining Inc. as of August 1, 2017, after more than 70 years in business as “Silver Standard”. Our new name accurately reflects our evolution and growth from a silver-focused explorer to an intermediate precious metals producer with three mines in the Americas. Our ticker symbol on the Toronto Stock Exchange and NASDAQ Capital Markets has also changed to SSRM as of August 1, 2017.

Our new logo incorporates and builds on our rich, proud heritage as symbolized by the ancient Greek and Byzantine symbols for the moon and sun, representing the silver and gold metals, respectively. Our logo represents our Company’s evolution from explorer to producer and from silver-focused to a precious metals mining company. The combination of the elements of the moon and sun also symbolizes a never-ending journey and re-birth as well as strength and excellence. This embodies our goal to be one of the world’s premier mining companies, firmly embedded and universally respected in our industry.

Our Company

SSR Mining Inc. is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects. It is listed under the ticker symbol SSRM on the NASDAQ Capital Markets and the Toronto Stock Exchange.

SSR Mining is a precious metals producer with three operations, including the Marigold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75% owned and operated Puna Operations joint venture in Jujuy Province, Argentina. The Marigold mine has been in continuous operation since 1988. It achieved production of 202,240 ounces of gold in 2017 and is expected to produce between 190,000 and 210,000 ounces of gold in 2018. The Seabee Gold Operation, in continuous production since 1991, produced a record 83,998 ounces of gold in 2017. The mine is expected to produce between 85,000 and 92,000 ounces of gold in 2018. Puna Operations consists of the Pirquitas operation and the Chinchillas development project. The Pirquitas mine produced 6.2 million ounces of silver from processing of stockpiles in 2017, exceeding improved annual guidance. Puna Operations will complete development of the Chinchillas deposit in 2018 to materially extend its operating life. The operation is expected to produce between 3.0 million and 4.4 million ounces of silver in 2018.

SSR Mining is equipped with an experienced management team of mine-builders and operators with proven capabilities. The Company has an enviable balance sheet with $460 million in cash and cash equivalents and $114 million in marketable securities as at December 31, 2017. Additionally, SSR Mining has two feasibility stage projects and a portfolio of exploration properties in North and South America. Our team is committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through exploration and the acquisition of assets for accretive growth, while maintaining financial strength.

This page contains forward-looking statements. Please see the following link: Legal.


Strategic Objectives

  1. Social Excellence

  2. Operational Excellence

  3. Organizational Excellence

  4. Project Development Excellence

  5. Growth Excellence

Social Excellence

Our people’s safety & well being is key to our success

Execute our business with strong environmental stewardship

Develop a sustainable approach to CSR

Develop a robust risk management process

Operational Excellence

Strong safety leadership

Continuous pursuit of efficiencies

All processes start with good planning

Thinking creatively to solve problems and drive value

Performance managed and controlled

Always look to optimize our assets

Organizational Excellence

Develop key Leaders

Hire for fit – evaluation & training

Train to have depth in supervisory skills

Good communication for alignment of employees and transparency

Work with a sense of urgency

Project Development Excellence

Build a comprehensive study process

Put the right team in place

Develop project management and controls systems

Continuous engagement of key stakeholders from concept to completion

Growth Excellence

Establish an M&A system; target to integration

Build an Exploration management system; concept to project

Operationalize portfolio management strategy & process

Develop & use capital management process

Our Behaviors

At SSR Mining, we believe that behaviors support our vision and shape our culture. The behaviors by which we deliver excellence are:

Acting like an owner

Successful ownership requires extraordinary commitment and energy that naturally instills a sense of pride. SSR Mining is my company, it is our company. Its success is my success.  We all take initiatives and do the things an owner would do even if it is not in our job description. The bar is high and we hold ourselves individually accountable for our actions.  SSR Mining’s reputation is paramount and we act with integrity to protect it at all times. Because SSR Mining is my company, I care deeply for its people and how we are viewed by shareholders and our communities.

Continuous Improvement

We can always do better. We will continually look to improve process and add value. In all parts of our business we will look to how we can do more with less and think differently in all our solutions. We will do this every day and on every task. We look at mistakes as great opportunities to learn and find a better way of achieving success. We approach our business with clarity, simplicity and energy that will set us above the competition.

Teamwork

The power of a team working together cannot be beaten. Individual excellence is a requirement and when working together, outstanding results are achieved. We have a common purpose, teamwork is built on open communication, genuine co-operation and respect. We work hard on the team to get the right results. We encourage positive input and commit that team members all play their part, no passengers. Feedback is given and accepted with the purpose of making our team better. The result is a spirit and vitality unique to SSR Mining.

Accountability Trust & Verification

With accountability comes responsibility, the best decisions come from involving the right people. We trust our people and they in turn welcome transparency and seek input from both line and functional experts to make good business decisions. Good governance is key to a successful organization and we are all working to the same goal. We provide oversight and guidance to our business through verification of how and what we achieve, this is key for our success.

Delivering Results

Our success is based on what we deliver as measured by our shareholders. Success requires us to passionately plan, execute with a sense of urgency and focus on detail in all we do. How we do things is important and we know that delivery matters. We will deliver results by finding new opportunities, building and operating mines and excelling in all the functions of our business.

Paul Benson, M.Sc., BE, B.Sc.

Paul Benson, M.Sc., BE, B.Sc.

President and CEO, Director


Mr. Benson serves as our President and Chief Executive Officer and a member of our Board of Directors. He has been employed at SSR Mining since August 2015 and brings to the company 30 years of experience in various technical and business capacities. Most recently, Mr. Benson was CEO and Managing Director of Troy Resources Limited. Prior to that, for 20 years he held a number of executive and operating roles in Australia and overseas with BHP Billiton, Rio Tinto, and Renison Goldfields. Mr. Benson holds a Bachelor of Science in Geology and Exploration Geophysics and a Bachelor of Engineering in Mining, both from the University of Sydney. He also earned a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia and a Masters of Science (Distinction) in Management from the London Business School.

  • Nadine Block, MBA
    Senior Vice President, Human Resources
  • W. John DeCooman, M.Sc.
    Senior Vice President, Business Development & Strategy
  • Gregory J. Martin, MBA, CPA, CGA, P.Eng.
    Senior Vice President and Chief Financial Officer
  • Kevin O’Kane, P. Eng.
    Senior Vice President and Chief Operating Officer
Nadine Block

Nadine Block, MBA
Senior Vice President, Human Resources


Ms. Block has served as our Vice President, Human Resources since July 2014. She has over 20 years of experience as a human resources professional. Before joining SSR Mining, Ms. Block provided HR consulting services to various mining organizations as well as other industries, including specialty food and manufacturing. Prior to her HR consulting practice, Ms. Block was Vice President, Human Resources for Quadra FNX Mining, Vice President, Human Resources for Pan American Silver, and Senior Vice President, Human Resources for Finning International Inc. Ms. Block holds an MBA from McGill University and is a graduate of the University of British Columbia with a Bachelor of Arts in psychology.

W. John DeCooman

W. John DeCooman, M.Sc.
Senior Vice President, Business Development & Strategy


Mr. DeCooman is our Senior Vice President, Business Development and Strategy. His experience prior to joining SSR Mining in 2009 includes over 15 years of mining project finance and advisory responsibilities at Candente Resource Corporation, Deutsche Bank, Alex Brown and Standard Bank, as well as corporate positions in finance, business development and exploration. Mr. DeCooman holds a Bachelor of Science degree from The Pennsylvania State University and a Master of Science degree from the Colorado School of Mines.

Gregory J. Martin

Gregory J. Martin, MBA, CPA, CGA, P.Eng.
Senior Vice President and Chief Financial Officer


Mr. Martin has served as our Senior Vice President and Chief Financial Officer since January 2012. Before joining SSR Mining, Mr. Martin served as Vice President, Business Development and Treasurer for NovaGold Resources Inc. Prior to that, Mr. Martin held executive financial roles with Finning International Inc., Zincore Metals Inc. and Placer Dome Inc. Mr. Martin is a Chartered Professional Accountant, CGA, holds an MBA from the University of Western Ontario's Ivey School of Business and is a graduate of the University of British Columbia with a B.A.Sc. in Civil Engineering.

Kevin O’Kane

Kevin O’Kane, P. Eng.
Senior Vice President and
Chief Operating Officer


Mr. O’Kane is our Chief Operating Officer.  Before joining SSR Mining in 2018, he spent over 35 years at BHP Billiton in a diverse range of responsibilities and positions in management, operations, technical services and support, business development and project management.  Most recently, Mr. O’Kane was Asset President of Pampa Norte, BHP Minerals Americas Business, where he oversaw an exemplary safety record and drove operational improvements.  Prior to this, he held a number of managerial and other positions at BHP’s Cerro Colorado and Escondida operations in Chile.  Mr. O’Kane holds a Bachelor of Applied Science (Mining Engineering) from Queen’s University.

  • Michael A.E. Anglin
    Chairman of the Board, Corporate Governance & Nominating Committee
  • Paul Benson
    Director, President and CEO
  • Brian Booth
    Safety & Sustainability Committee Chair, Compensation Committee
  • Simon A. Fish
    Audit Committee, Corporate Governance & Nominating Committee
  • Gustavo A. Herrero
    Corporate Governance & Nominating Committee Chair, Audit Committee
  • Beverlee F. Park
    Audit Committee, Compensation Committee, Safety & Sustainability Committee
  • Richard D. Paterson
    Audit Committee Chair, Corporate Governance & Nominating Committee
  • Steven P. Reid
    Compensation Committee Chair, Safety & Sustainability Committee
  • Elizabeth A. Wademan
    Compensation Committee, Safety & Sustainability Committee
Michael A.E. Anglin

Michael A.E. Anglin
Chairman of the Board, Corporate Governance & Nominating Committee


Mr. Anglin is the Chair of our Board of Directors and a member of our Corporate Governance and Nominating Committee. Mr. Anglin graduated with a Bachelor of Science (Honours) degree in Mining Engineering from the Royal School of Mines, Imperial College, London in 1977 and attained a Master of Science degree from the Imperial College in London in 1985. Mr. Anglin spent 22 years with BHP Billiton Ltd. (“BHP Billiton”), most recently serving as Vice President Operations and Chief Operating Officer of the Base Metals Group based in Santiago, Chile, before retiring in 2008.

Paul Benson

Paul Benson
President and CEO


Mr. Benson serves as our President and Chief Executive Officer and a member of our Board of Directors. He has been employed at SSR Mining since August 2015 and brings to the company 30 years of experience in various technical and business capacities. Most recently, Mr. Benson was CEO and Managing Director of Troy Resources Limited. Prior to that, for 20 years he held a number of executive and operating roles in Australia and overseas with BHP Billiton, Rio Tinto, and Renison Goldfields. Mr. Benson holds a Bachelor of Science in Geology and Exploration Geophysics and a Bachelor of Engineering in Mining, both from the University of Sydney. He also earned a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia and a Masters of Science (Distinction) in Management from the London Business School.

Brian Booth

Brian Booth
Safety & Sustainability Committee Chair, Compensation Committee


Mr. Booth began his career as a geologist on the Casa Berardi gold discoveries in Quebec. He opened Inco's exploration office in Val d'Or, Quebec and is credited with the discovery of the Douay West gold deposit in 1990 and was subsequently appointed to the board of Societe D'Exploration Miniere Vior Inc. In 1994, as Inco's Manager Exploration, Eastern North America, he conducted the preliminary assessment of the Voisey's Bay Ni-Cu-Co discovery. He later relocated to Indonesia to manage Inco's exploration office in Jakarta during which time he was involved, through a joint venture with Highlands Gold, in the discovery of the Beutong copper porphyry in Sumatra. Mr. Booth served as the CEO and President of Lake Shore Gold Corp. and later as a director. Mr. Booth, who currently serves on the Board of Directors of Pembrook Mining Corp., brings more than 30 years of experience in mineral exploration throughout Canada, Europe and southeast Asia. He became a director of SSR Mining in May 2016 as a result of the Claude Resources acquisition. Mr. Booth holds a B.Sc. in Geology from McGill University and is also a member of the Professional Geoscientists of Ontario.

Simon A. Fish

Simon A. Fish
Audit Committee, Corporate Governance & Nominating Committee


Mr. Fish is the Executive Vice President and General Counsel at BMO Financial Group, where he is responsible for legal, regulatory and corporate governance affairs. Prior to joining the bank in 2008, Mr. Fish was the Executive Vice President and General Counsel at Vale SA (formerly Inco Limited). Additionally, Mr. Fish held various positions at Royal Dutch Shell, most recently serving as the Vice President, General Counsel and Corporate Secretary at Shell Canada. Before joining Shell, Mr. Fish practiced corporate and securities law with Dechert LLP, an international law firm. Currently, he serves on the board of a number of think-tank, non-profit and charitable organizations. Mr. Fish holds business and law degrees from the University of Cape Town, the Washington College of Law and Harvard Business School.

Gustavo A. Herrero

Gustavo A. Herrero
Corporate Governance & Nominating Committee Chair, Audit Committee


Mr. Herrero was appointed to our Board of Directors in January 2013 and is the Chair of our Corporate Governance and Nominating Committee and a member of our Audit Committee. He is a resident of Buenos Aires, Argentina, and was the Executive Director of the Harvard Business School Latin America Research Center (“LARC”) until December 31, 2013, at which time he retired from that position and currently serves on the Harvard Business School Latin American Advisory Board. Prior to joining the LARC in 1999, he was the CEO of IVA S.A., Argentina's largest wool textile mill, and of Zucamor S.A./Papel Misionero S.A., Argentina's leading paper and packaging manufacturer. Mr. Herrero also serves on the Advisory Committee of the university-wide David Rockefeller Center for Latin American Studies at Harvard. He also sits on the advisory boards of the Centro de Implementación de Políticas Públicas para la Equidad y el Crecimiento (CIPPEC) and the Fundación Red de Acción Política (RAP), both non-governmental organizations in Argentina. Mr. Herrero holds an MBA from Harvard Business School, where he was a Fulbright Scholar, and a degree of Licenciado en Administración de Empresas from the Universidad Argentina de la Empresa.

Beverlee F. Park

Beverlee F. Park
Audit Committee, Compensation Committee, Safety & Sustainability Committee


Ms. Park has been a member of our Board of Directors since May 2014 and is a member of our Audit Committee, Compensation Committee, and Safety and Sustainability Committee. Ms. Park graduated with a Bachelor of Commerce (Distinction) from McGill University. She is a FCPA/FCA and has a Masters of Business Administration from the Simon Fraser University Executive program. Ms. Park spent 17 years with TimberWest Forest Corp. (“TimberWest”), most recently serving as its Chief Operating Officer before retiring in 2013. Prior to becoming Chief Operating Officer, Ms. Park also held the positions of Executive Vice President and Chief Financial Officer at TimberWest, as well as President, Couverdon Real Estate (TimberWest's land development division).

Richard D. Paterson

Richard D. Paterson
Audit Committee Chair, Corporate Governance & Nominating Committee

Mr. Paterson is the Chair of our Audit Committee and is our Audit Committee financial expert. He also serves on our Corporate Governance and Nominating Committee. Mr. Paterson graduated from Concordia University, Montreal with a Bachelor of Commerce degree in 1964. Mr. Paterson has been a Managing Director of Genstar Capital, a private equity firm specializing in leveraged buyouts, since 1988. Before founding Genstar Capital, Mr. Paterson served as Senior Vice President and Chief Financial Officer of Genstar Corporation, a NYSE-listed company, where he was responsible for finance, tax, information systems and public reporting.

Steven P. Reid

Steven P. Reid
Compensation Committee Chair, Safety & Sustainability Committee


Mr. Reid serves as the Chair of our Compensation Committee and as a member of our Safety and Sustainability Committee. He has over 35 years of international business experience, including senior leadership roles in several countries. He held the position of Chief Operating Officer of Goldcorp from January 2007 until his retirement in September 2012. He also served Goldcorp as Executive Vice President, Canada and U.S.A. Prior to joining Goldcorp, Mr. Reid spent 13 years at Placer Dome Inc. in numerous corporate, mine management and operating roles, including Country Manager for Canadian operations. Mr. Reid has also held leadership positions at Kingsgate Consolidated Limited and Newcrest Mining Limited, where he was responsible for running operations throughout Asia and Australia. Mr. Reid holds a Bachelor of Science degree in Mineral Engineering from the South Australian Institute of Technology and a TRIUM Global Executive MBA.

Elizabeth A. Wademan

Elizabeth A. Wademan
Compensation Committee, Safety & Sustainability Committee


Ms. Wademan is a senior capital markets professional with over 20 years of financial services experience. Prior to retiring in 2016, Ms. Wademan spent 18 years in investment banking at BMO Capital Markets, where she focused on the global metals and mining and technology sectors and was responsible for mining equity capital markets. As a former Managing Director in investment banking, Ms. Wademan has extensive experience in capital markets and strategic advisory in both domestic and international markets, as well as a depth of knowledge of commodities and securities markets. She currently serves on the boards of Torex Gold Resources Inc. and St. Joseph’s Health Center Foundation. Ms. Wademan obtained her Bachelor of Commerce in Finance and International Business from McGill University. She is a CFA charterholder and is a holder of the Institute of Corporate Directors Director designation (ICD.D).