Ssr Mining Receives Eia Approval FOR the Chinchillas Project
News Release 17-32
SSR Mining Inc. PHONE +1 604.689.3846 Suite 800 - 1055 Dunsmuir Street
www.ssrmining.com TOLL FREE +1 888.338.0046 PO Box 49088
Vancouver, BC, Canada V7X 1G4
December 27, 2017
SSR MINING RECEIVES EIA APPROVAL FOR THE CHINCHILLAS PROJECT
VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”)
announces today that it has received approval of the Environmental Impact Assessment (“EIA”)
from the Argentine regulatory authorities for Puna Operations Inc.’s Chinchillas project in Jujuy
Province, Argentina. Development activities will commence, with first ore feed to the Pirquitas mill
expected in the second half of 2018. Priority development activities include initiating the
earthworks projects at Chinchillas, releasing construction contracts and commencing construction
activities at Pirquitas, as well as pioneering works for pre-stripping at the Chinchillas deposit.
Puna Operations Inc. is a joint venture comprised of the Pirquitas property and the Chinchillas
property, owned 75% and operated by SSR Mining. Chinchillas is a silver-lead-zinc deposit
located approximately 42 kilometers by road from the Pirquitas property. The pre-feasibility study
on the Chinchillas project, filed under our profile on SEDAR on May 31, 2017, evaluates the
development and construction of an open-pit mine and supporting infrastructure to supply ore to
the Pirquitas processing facilities over an eight-year active mining period. The operation is
expected to produce a silver-lead concentrate and a zinc concentrate with an average annual
production of 6.1 million ounces of silver, 35.0 million pounds of lead and 12.3 million pounds of
zinc at cash costs of $7.40 per payable ounce of silver sold. The Chinchillas project has low capital
intensity with an estimated $81 million capital costs, based on initial capital expenditures and
utilizing certain property, plant and equipment from the Pirquitas property. The project has an
attractive post-tax net present value of $178 million, based on a 5% discount rate, and post-tax
internal rate of return of 29%. For additional information, refer to our news release dated May 31,
2017.
Paul Benson, President and CEO said, “Receipt of the EIA approval is another positive step
forward for our growth strategy. Our team can now accelerate development and construction
activities to begin processing ore in 2018. Brownfields development of Chinchillas is a low capital,
short payback opportunity to create value and growth for our shareholders in the near term.”
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and
approved by Bruce Butcher, P.Eng., a Qualified Person under National Instrument 43-101 –
Standards of Disclosure for Mineral Projects and our Director, Mine Planning.
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including
the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada
and the 75%-owned and operated Puna Operations joint venture in Jujuy, Argentina. We also
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have two feasibility stage projects and a portfolio of exploration properties in North and South
America. We are committed to delivering safe production through relentless emphasis on
Operational Excellence. We are also focused on growing production and Mineral Reserves
through the exploration and acquisition of assets for accretive growth, while maintaining financial
strength.
SOURCE: SSR Mining Inc.
For further information contact:
W. John DeCooman, Jr.
Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: [email protected]
To receive SSR Mining's news releases by e-mail, please register using the SSR Mining
website at www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Statements
This news release 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 (collectively,
"forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements.
The forward-looking statements in this news release relate to, among other things: the prices of silver and other metals;
the effects of laws, regulations and government policies affecting our operations or potential future operations; future
successful development of the Chinchillas project; estimated active mining period for the Chinchillas project; estimated
average annual production rates for silver and other metals produced by us; estimated cash costs per payable ounce
of silver sold; timing of development, construction and production at the Chinchillas project, including ore delivery to
the Pirquitas mill in the second half of 2018; estimated capital costs and the cost of sustaining capital; estimated initial
capital expenditures; the estimates of expected or anticipated economic returns from the Chinchillas project, including
future sales of metals, concentrate or other products produced by us; and our plans and expectations for Puna
Operations. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those expressed or implied, including, without
limitation, those various risks and uncertainties identified under the heading "Risk Factors" in our most recent Annual
Information Form filed with the Canadian securities regulatory authorities and included in our most recent Annual Report
on Form 40-F filed with the U.S. Securities and Exchange Commission. Our forward-looking statements are based on
what our management considers to be reasonable assumptions, beliefs, expectations and opinions based on the
information currently available to it. We cannot assure you that actual events, performance or results will be consistent
with these forward-looking statements, and management's assumptions may prove to be incorrect. Our forward-looking
statements reflect current expectations regarding future events and speak only as of the date hereof and we do not
assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations
or opinions should change other than as required by applicable law. For the reasons set out above, you should not
place undue reliance on forward-looking statements.
Cautionary Note Regarding Non-GAAP Measures
“This news release includes certain terms or performance measures commonly used in the mining industry that are not
defined under International Financial Reporting Standards (“IFRS”), including cash costs per payable ounce of precious
metals sold. Non-GAAP financial measures do not have any standardized meaning prescribed under IFRS and,
therefore, they may not be comparable to similar measures reported by other companies. We believe that, in addition
to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate our
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performance. The data presented is intended to provide additional information and should not be considered in isolation
or as a substitute for measures of performance prepared in accordance with IFRS. These non-GAAP measures should
be read in conjunction with our consolidated financial statements. Readers should refer to “Non-GAAP and Additional
GAAP Financial Measures” in section 12 of our most recent management’s discussion and analysis, available under
our corporate profile at www.sedar.com or on our website at www.ssrmining.com, for a more detailed discussion of
how we calculate such measures and for a reconciliation of such measures to IFRS terms.