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 is 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 Puna Operations in Jujuy Province, Argentina. The Marigold mine has been in continuous operation since 1989. It achieved production of 220,227 ounces of gold in 2019 and is expected to produce 225,000 to 240,000 ounces of gold in 2020. The Seabee Gold Operation, in continuous production since 1991, produced a record 112,137 ounces of gold in 2019. The mine is expected to produce 110,000 to 120,000 ounces of gold in 2020. Puna Operations, which declared commercial production in December 2018, produced 7.7 million ounces of silver, 24.0 million pounds of lead and 8.4 million pounds of zinc in 2019. In 2020, the operation is expected to produce 6.0 to 7.0 million ounces of silver, 21.0 to 24.0 million pounds of lead, and 7.0 to 9.0 million pounds of zinc.
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 $504 million in cash and cash equivalents as at December 31, 2019. 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
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Social Excellence
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Operational Excellence
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Organizational Excellence
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Project Development Excellence
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Growth Excellence
Operational Excellence
Strong safety leadership
Continuous pursuit of efficiencies
Maximize productivity, minimize waste
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
Maintain strong team
Ensure project management and controls in place
Continuous engagement of key stakeholders from concept to completion
Growth Excellence
Execute on M&A processes; target to integration
Execute on an Exploration strategy; concept to project
Optimize portfolio management strategy & process
Enhance & 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.
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.
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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, 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, 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, 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, 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.
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A.E. Michael Anglin
Chairman of the Board, Corporate Governance & Nominating Committee -
Paul Benson
Director, President and CEO -
Brian Booth
Compensation Committee, Corporate Governance & Nominating Committee -
Simon A. Fish
Compensation Committee, Safety & Sustainability Committee -
Gustavo A. Herrero
Corporate Governance & Nominating Committee Chair, Audit Committee -
Beverlee F. Park
Audit Committee Chair, Compensation Committee, Corporate Governance & Nominating Committee -
Steven P. Reid
Safety & Sustainability Committee Chair, Audit Committee -
Elizabeth A. Wademan
Compensation Committee Chair, Safety and Sustainability Committee
A.E. Michael 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
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 more than 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 R. Booth
Compensation Committee, Corporate Governance & Nominating Committee
Mr. Booth is a member of our Compensation and Corporate Governance and Nominating Committees and, during 2018, he served as the Chair of our Safety and Sustainability Committee. He is also the President, CEO and a director of Element 29 Resources Inc. (“Element 29”), a private mining company and has served as a director on numerous public and private mining companies for over 10 years. Prior to joining Element 29, he was President, CEO and a director of Pembrook Copper Corp. and Lake Shore Gold Corp. and previous to that held various exploration management positions at Inco Limited over a 23 year career, including Manager of Exploration - North America and Europe, Manager of Global Nickel Exploration and Managing Director PT Ingold for Australasia. Mr. Booth holds a B.Sc. in Geological Sciences from McGill University (1983) and was awarded an honorary lifetime membership in the Indonesian Mining Association for service as Assistant Chairman of the Professional Division.
Simon A. Fish
Compensation Committee, Safety & Sustainability Committee
Mr. Fish was appointed to our Board in January 2018. He serves as a member of our Compensation and Safety and Sustainability Committees and, during 2018, served as a member of our Audit and Corporate Governance and Nominating Committees. Mr. Fish is the Executive Vice President and General Counsel of BMO Financial Group, where he is responsible for the legal and regulatory affairs of the bank, including corporate governance, mergers and acquisitions, financial regulation and complex litigation. Prior to joining BMO, Mr. Fish was the Executive Vice President and General Counsel at Vale SA (formerly Inco Limited). Earlier, 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, including the Environmental Law & Policy Center. 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
Corporate Governance & Nominating Committee Chair, Audit Committee
Mr. Herrero 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”) from November 1, 1999 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
Audit Committee Chair, Compensation Committee, Corporate Governance & Nominating Committee
Ms. Park is the Chair of our Audit Committee and is one of our Audit Committee financial experts. She is also a member of our Compensation and Corporate Governance and Nominating Committees and, during 2018, served as a member of our Safety and Sustainability Committee. Ms. Park graduated with a Bachelor of Commerce (Distinction) from McGill University. She is an FCPA/FCA and has a Masters of Business Administration from the Simon Fraser University Executive program. Ms. Park is a Corporate Director serving on three public company boards. Ms. Park has over 30 years of business experience, the majority of it in the forest industry where she held several executive roles with TimberWest Forest Corp., most recently serving as its Chief Operating Officer before retiring in 2013. Prior to becoming COO, Ms. Park also held the positions of Interim CEO, Executive Vice President and Chief Financial Officer as well as President, Couverdon Real Estate (TimberWest’s land development division).
Steven P. Reid
Safety & Sustainability Committee Chair, Audit Committee
Mr. Reid serves as the Chair of our Safety and Sustainability Committee and is a member of our Audit Committee. During 2018, he served as the Chair of our Compensation Committee. He has over 40 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 USA. 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. He is also a holder of the Institute of Corporate Directors Director designation (ICD.D).
Elizabeth A. Wademan
Compensation Committee Chair, Safety and Sustainability Committee
Ms. Wademan was appointed to our Board in January 2018. She is the Chair of our Compensation Committee and a member of our Safety and Sustainability Committee. Ms. Wademan is a senior capital markets professional with over 23 years of financial services experience. Ms. Wademan spent 18 years in investment banking at BMO Capital Markets where she was one of the firm’s most senior capital markets professionals, responsible for leading capital markets advisory and complex transactions. She focused on the global metals and mining and technology sectors and was Head of Global Metals & Mining Equity Capital Markets prior to retiring in 2016. As a former Managing Director in Investment Banking, Ms. Wademan has extensive experience in capital markets and strategic advisory as well as a deep expertise in commodities and securities markets. She currently serves on the boards of Torex Gold Resources Inc., BSR REIT, and St. Joseph’s Health Centre 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).
Governance
Board Mandate
Code of Conduct
Constating Documents
Board Committee Charters
Audit Committee Charter
Compensation Committee Charter
Corporate Governance and Nominating Committee Charter
Safety and Sustainability Committee Charter
Company Policies
Advance Notice Policy
Anti-Corruption Policy
Board Diversity Policy
Disclosure Policy
Environmental & Community Policy
Executive Incentive Compensation Recoupment Policy
Human Rights Policy
Insider Trading Policy
Nasdaq Corporate Governance
Safety & Health Policy
Whistleblower Policy
Social Excellence
Our people’s safety & well being is key to our success
Execute our business with strong environmental stewardship and governance
Continuously improve our approach to CSR
Maintain a robust risk management process