Good morning, everyone and welcome to SSR Mining’s First Quarter 2019 Conference Call. This call is being recorded. At this time for opening remarks and introductions, I would like to turn the call over to Stacey Pavlova, Manager, Investor Relations.

Thank you, operator. Good morning, ladies and gentlemen. Welcome to SSR Mining’s first quarter 2019 conference call during which we will provide an update on our business and a review of our financial performance. Our financial statements and management’s discussion and analysis have been filed on SEDAR and EDGAR and are also available on our website. To accompany our call, there is an online webcast and you will find the information to access the webcast in our news release relating to this call. Please note that all figures discussed during the call are in U.S. dollars unless otherwise indicated. All references to cash costs and all-in sustaining costs are per payable ounce of metal sold. We will be making forward-looking statements today, so please read the disclosures in the relevant documents. Joining us on the call this morning are Paul Benson, President and CEO; Greg Martin, our CFO; Kevin O’Kane, COO; and Carl Edmunds, Vice President, Exploration. Also present is John DeCooman, Senior Vice President, Business Development and Strategy. Now I would like to turn the call over to Paul for opening remarks.

Thank you, Stacey. Good morning, ladies and gentlemen. I am very pleased to welcome you to our call to discuss our first quarter 2019 operating and financial results. We are off to a very strong start for the year, as we produced over 112,000 gold equivalent ounces, a new record for the company, and all 3 operations delivered solid performance. At Seabee, we delivered record quarterly production of over 31,000 ounces of gold, an over 50% increase quarter-on-quarter. It’s worth noting that we had another quarter of increase in mill throughput, with further increases expected in the second half of the year, in line with our goal of achieving 1,050 tonnes per day of mill throughput for 2019. At Marigold, we produced over 53,000 ounces of gold despite some challenging weather conditions, setting up the mine well for the remainder of the year. At Puna, we doubled silver production quarter-on-quarter to 2.4 million ounces as we benefited from a full quarter of processing ore from the Chinchillas mine after declaring commercial production on December 1 last year. As ramp up of the Chinchillas mine was substantially completed in the first quarter on budget, we are now focused on achieving steady state production. So overall, I am pleased with the solid results delivered by each operation. From an exploration perspective, as Carl will speak to shortly, our 2019 programs at Marigold, Seabee and Puna are underway and we look forward to providing results as the year progresses. We are also pleased with our financial performance during the quarter. In March, we completed our $230 million convertible notes offering to refinance a portion of our existing 2013 convertible notes, and Greg will provide additional color on this later in the call. We generated positive income from all three operations and ended the…

Thank you, Kevin. For 2019, our objectives at Marigold are resource conversion at Red Dot and exploration for new resources, north and south of Red Dot and at Mackay and Valmy. The objectives at Seabee are similar, with the focus on resource conversion at 8A, gap and GAP hanging wall; and with resource growth drilling also at GAP hanging wall. Greenfields activities continue at Fisher and select areas south of the Santoy mine. At Marigold, we completed approximately 23,000 meters of drilling in 70 holes on areas north and south of Red Dot as well as within the Mackay pit. To evaluate the conversion of the Red Dot resource, we completed 12 core holes totaling 4,900 meters for geotechnical and QA/QC purposes. During the quarter, results were received from 40 RC holes, with 29 reporting resource grade intercepts. Some notable gold intercepts include 53 meters of 2.85 grams per tonne from 372 meters at North Red Dot and 15 meters of 2.1 grams per tonne gold from 5 meters at Mackay. At the Seabee Gold Operation, underground drilling amounted to approximately 12,600 meters, while surface drilling totaled nearly 15,600 meters on resource extension and conversion work at 8A, Gap hanging wall and Santoy Gap. Several Gap hanging wall holes intersected visible gold, particularly the near-surface holes targeting the up-plunge extension of the structure. Notable results from this area outside of the current resource include 4.9 meters of 12.95 grams per ton and 4.2 meters of 13.7 grams per ton gold. Greenfields drilling activity at Seabee included 4 holes for a total of 1,000 meters at a target called Batman Lake located approximately 800 meters south of Santoy, where 2 holes with court staining, alteration and gold mineralization returned anomalous results up to 1.5 meters of 6.3 grams per ton gold. We view this as an encouraging result and plan further work at this target. At Fisher, by quarter’s end, we have completed 20 holes for just over 7,600 meters on the Mac, DD and Footprint targets. Although the majority of the analytical work is still pending, we encountered several occurrences of visible gold at the Mac north target, where we intercepted 4.2 meters of 3.5 grams per ton gold. We view this intercept as encouraging and plan follow-up work in the summer. Finally, at Puna Operations we received drill permits for a 3,000-meter core drilling program which will test the at-depth intersection of the Potosi vein and the Cortaderas vein breccia, so we anticipate initiating that work in the second quarter. We look forward to updating you on our exploration efforts throughout the year. And now, over to Greg for a discussion of our financial results.

Thanks, Carl. Overall, I feel positive on the quarter. We saw our financial results improve as strong production across the portfolio drove our financial performance. The expectations we highlighted last quarter of concentrate sales lagging production and a quarterly working capital build played out as expected. While these temporary items reduced free cash flow for the quarter, we are set up well going forward. For the quarter, we generated revenues of $126 million, representing a 21% increase over the fourth quarter of 2018 and a 29% increase over the comparative period. Income from mine operations increased to $30.2 million, which was also an increase of over 80% from the fourth quarter. It was great to see Puna Operations return to a positive mine operating earnings position to complement the strong results of Marigold and Seabee. G&A and exploration were on track, as were financing expenses and income. We recorded a $5.4 million pre-tax non-cash loss on the repurchase of approximately $150 million of our 213 convertible notes – sorry, 2013 convertible notes. We repurchased the notes at market value, but since the notes are recorded on our balance sheet at a discounted value and accreted over their life to face value, the difference between these amounts generated a non-cash loss on repurchase. I’ll speak further on the new note offering shortly. For the quarter, we generated net income of $5.7 million an $8 million increase from the fourth quarter, so net income reflected the improved operating margin. Adjusted net income totaled $17.2 million or $0.14 per share, a strong result which better reflects our performance and almost 4x the fourth quarter. We similarly saw a significant improvement in cash flow from operations. As discussed at year-end, the first quarter consumes working capital primarily due to Seabee ice road restocking of…

Thanks, Greg. In summary, we are pleased to be off to a solid start to the year, as we delivered strong operating performance and each operation is on track to meet its annual operating guidance. We also repositioned our balance sheet to maintain financial flexibility. Looking ahead for 2019, we will continue to exercise discipline to deliver free cash flow through safe production while pursuing internal and external opportunities to create value for our shareholders. This concludes the formal remarks of our earnings call. I’ll now pass the line to the operator to take any questions you may have.

Thank you, Mr. Benson. [Operator Instructions] Our first question comes from Chris Thompson with PI Financial. Please go ahead.

You might be on mute, Chris.

Yes. Sorry about that, guys. Sorry. I was phoning in from my cell phone. Just a couple of quick questions and some details really on the on some on Marigold, looking at the mining costs slightly higher on the quarter, obviously, do you expect these to come down a little?

Kevin? Kevin O’Kane: Yes. No, thanks for the question, Chris. This is Kevin. We as we mine more material through the year, then we will see a natural reduction in the unit cost rates; and some of that additional movement, the results from the higher throughput from the investment we’ve put into the equipment over the last 12 to 18 months.

Alright, yes. That’s great. And any sense of how quickly that’s going to happen, can we just dial that back a little bit more into Q2? Are we looking later on in the year? Kevin O’Kane: It’s a gradual process and it doesn’t come sort of in an even flow. As components get changed out, the rates change in specific jumps or reduce.

And I think that it’s dependent quarter-on-quarter on haul distance, which is then strip ratio [indiscernible] some waste and then also when you – equipment maintenance and things like that. We don’t give quarterly guidance on that.

Okay, yes, no, fair enough. Thanks guys. And then just finally just moving over to Seabee, just similar comment, I guess, on the processing costs. Nice to see the tons, again, slightly higher than what we were looking for. Any sense of where you need to go? Kevin O’Kane: We don’t see anything any different than we would have provided guidance on previously.

Okay, perfect. Alright guys. Thanks a lot.

[Operator Instructions] Our next question comes from Adam Graf with B. Riley. Please go ahead.

Hey, congratulations, guys. Thanks for taking my call. Just a quick question on the Chinchillas grades and recoveries, to meet your full year guidance, it looks like zinc grades and recoveries have to both ramp up quite strongly here through the remainder of the year to make your full-year guidance, to – and on a grade level to levels significantly above reserves. What – can you give us some color here on how you expect the grades and recoveries to evolve there through the rest of the year?

Zinc is the minor product tier. We are definitely not driving the mine plan by that. You’ve seen in the first quarter the significantly higher grade in the silver. Zinc was down, but with – the mine plan is always optimizing the main revenue streams, which is predominantly silver then lead. So, if zinc is down, we’re not losing any sleep over it, and we’ll optimize the plan on the lead and zinc – lead and silver.

And – okay. So, no kind of guidance here on how the full-year numbers are going to shake out there if you’re going to – if you’re still holding the guidance?

Yes. At the moment, yes. We look at the total silver equivalent metal at the end of the day that’s I think the standard that we’re driving the operation by.

And are you guys making a separate zinc concentrate, I assume, versus a bulk concentrate? And if you are making a separate zinc concentrate, are those exposed to the zinc spot and the benchmark TC environment, which has gone dramatically higher?

Yes. We produce lead con and most of the silver goes there, which is where you want it to go, that’s where you get those payables, and then we produce a separate zinc con. Obviously, as we explained previously and again today, as the operation ramps up, you then start – you’re producing concentrate and then you start to sell that concentrate and takes a lot before you actually get sales equaling production, that’s what we’d be in Q3. But we have set contracts for both products for the year and the market is what the market is.

So, just to follow up, your contracts that you’ve set are at benchmarks or they’re just the offtake contracts at spot?

Adam, it’s Johnny. The contracts that we have on both of those are with respect to just direct with smelters, whereby we negotiate – we’re – I wouldn’t say, we’re always price takers, but both concentrates have a very good quality, so we’ve been able to manage I think to have good TC and RC levels relative to the market, but they’ll go up and down over time as Paul referenced.

Excellent, thanks. I’ll get back into queue. Thanks for the answers, guys.

Yes.

Our next question is from Mike Parkin with National Bank Financial. Please go ahead.

Hey guys, just a question on the moratorium payments. I noticed in the notes for the financials you’re looking at a little over $4 million as a current and a bit of $11 million or so on non-current. Is it fair to assume kind of an equal quarterly payment for this year, and how should we think about the $11 million being paid? Is it kind of equally spread there over a number of years after this? Any kind of color would be great.

Yes, thanks, Mike, and appreciate the question. That moratorium was payable over a 5-year period from when we entered into the moratorium and it is on an equal basis in peso terms, so it is a –it’s a peso liability. So, it has devalued significantly as we’ve seen the peso trend, I think when we entered into it from 16 down to 45 today. So, certainly, in U.S. dollar terms, we’ve seen a significant erosion of that liability. So, you can effectively put it in equal payments over the period between now and that end of that 5-year period and then devalue it by – in dollar terms by what your view of the peso will be over that time period.

Okay. That’s pretty good color. Should I actually get – what is the total peso amount owing?

If you go back to the press release, it’s got all the details in it when we put that out in 2017 data.

Yes. We – you can, again – you can take the amounts that are on the balance sheet and effectively convert them with the prevailing exchange rates.

Okay, no, that’s good. Thanks guys.

This concludes the question-and-answer session. I will turn the call back to Mr. Benson.

Thanks very much, operator. Thanks, everyone for joining the call. Have a great day. Speak to you next quarter.

This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.