Good morning everyone, and welcome to SSR Mining’s Second 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. Please go ahead.

Thank you, operator. Good morning, ladies and gentlemen. Welcome to SSR Mining’s second 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. Now, I would like to turn the call over to Paul for opening remarks.

Thank you, Stacey. Good morning, ladies and gentlemen. I’m very pleased to welcome you to our call to discuss our second quarter 2019 operating and financial results. We delivered a strong quarter as we produce nearly 100,000 gold equivalent ounces and progressed a number of strategic initiatives, while we maintained our financial strength. All three mines achieved solid results. At Marigold, we produced 55,000 ounces of gold, while stacking nearly 30% more ore on the leach pad at a higher grade, compared to Q1 setting us up well for the remainder of the year. At CB, high gold grade and recovery led to a strong quarterly production of over 26,000 ounces. The new underground equipment was commissioned early in the second quarter and we are already seeing an improved underground development rate as well. Puna operations produced 1.5 million ounces of silver, with silver grades tracking well to the mine plant. So, overall, the solid performance delivered by each operation position is slow for the year. With the first half of the year behind us, we are taking this opportunity to revise or guidance at each operation as Greg will discuss later. On a consolidated basis, we are improving our production guidance and increasing our mid-point production to 400,000 gold equivalent ounces. Largely due to strong metal prices, which drives royalties upwards, we are marginally increasing our cash cost guidance with mid-point now expected to be $735 per gold equivalent ounce. During the second quarter, we announced the acquisition of the Trenton Canyon and Buffalo Valley properties located immediately south of Marigold mine. This acquisition almost doubles our land package and provides us with the opportunity to grow the reserves and resources and potentially extend Marigold’s mine life. We expect to begin drilling there in the third quarter of this…

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 the Mackay and Valmy areas. Our objectives at Seabee focus on resource conversion at Santoy 8A, Gap and Gap hanging wall and resource growth drilling at Gap hanging wall. Greenfields activities continue at the Fisher project and select areas south of the Santoy mine. Turning to Marigold, the main focus of former 2019 activities has been to define the Red Dot mineral reserve through a completion of geotechnical and QA, QC core drilling to provide sufficient data for detailed mine planning. And similarly, to this has been continued exploration for drilling for additional resources North and South of Red Dot in the Mackay pit and at the Valmy and East Basalt areas. During the second quarter, we completed a total of 66 reverse circulation drill holes for 25,167 meters on these targets. At Red Dot, our exploration and drilling indicates that the majority of the originally targeted mineral resources is expected to convert to mineral reserves at year-end 2019 as disclosed in our exploration update news release in late July. We view this as a successful result, which will extend the mine life at Marigold. We released exploration results from drilling completed in September 2018 at Red Dot, North and South Red Dot the Mackay pit. Examples such as the 114 meters of 0.79 grams per ton gold at North Red Dot, 47 meters of 1.7 grams per ton gold at South Red Dot, and 53 meters of 0.7 grams per ton gold at Valmy were received this quarter as set out in our July news release. We expect these results to positively impact our mineral reserves and mineral resources estimate at…

Thanks Carl. The second quarter continued to support our expectations for the year with continued stronger production on the back of the December 2018 start-up of Chinchillas, driving sequential improvement in financial performance. Gold price strength late in the quarter had a limited impact on the second quarter and silver prices were a drag on results. So, our financial improvement reflects operating performance. For the quarter, we generated revenues of $155 million, a 50% increase from the comparative quarter, and a 23% increase from the first quarter. Revenue was positively impacted by above production sales at Puna, as we sold down a good portion of inventory built in the first quarter. Going forward, our objective remains achieving a general balance of production and sales. Though it's typical in concentrate operations, some volatility will persist. Income from mine operations was $30 million this quarter, about a 41% above the comparative quarter, and in-line with Q1 as we saw a marginally lower contribution from gold assets offset by a higher contribution from our silver asset. Reported net income was $12.4 million or $0.09 per share, an improvement from both the comparative and first quarter. Adjusted net income was $18 million or $0.15 per share. So, a positive and straightforward quarter from an income statement perspective. Cash generated by operating activities was $33 million, roughly double the comparative quarter, and clearly significantly better than the first quarter. You may have noted that operating cash was negatively impacted by an $11.4 million build of non-cash working capital. We have seen a large overall build in the first half of the year totaling $39 million. Non-cash working capital in the second quarter was largely driven by an increase in accounts receivable from the high concentrate sales that have delayed payment terms. So, we will definitely…

Thanks, Greg. So, in summary, another strong production quarter, enabling us to improve guidance, which positions us to meet or exceed guidance for the eighth consecutive year. Our investment in exploration continues to pay dividends as we expect Red Dot to increase the mine life without the need for expansion capital at Marigold, and as we continue to drill the Santoy Gap hanging wall at Seabee. Pending final approval, we will look to extend the existing decline at Pitarrilla to complete a drilling campaign with the aim of increasing the high-grade zones and hit our objective of double-digit returns at spot silver price. We’ve also continued to pursue external opportunities, while maintaining strong financial discipline, which includes completing the acquisition of the Trenton Canyon and Buffalo Valley properties neighboring Marigold, announcing the acquisition of the remaining 25% in Puna operations, and maintaining a 9.9% increase in SilverCrest and our exposure to the high-grade Las Chispas project. Finally, with the refinancing of our convertible notes earlier this year, our balance sheet is in a very strong position allowing us to pursue internal and external growth opportunities. This concludes the formal remarks of our earnings call. I'll now pass the line to our operator to take any questions you may have.

Thank you, Mr. Benson. [Operator Instructions] The first question comes from Mike Parkin with National Bank. Please go-ahead, sir.

Hi, guys. Thanks for taking my call. Following up on Greg’s comments about the working capital build in the first half, where do you expect like accounts receivable to kind of normalize by the end of the year?

Yes, thanks. Good morning, Mike. You will note obviously sales at Puna and those accounts receivable are largely related to our concentrate sales, we would cover any gold sales in an immediate fashion. So, as we production come in line and we will see those accounts receivable probably come back just above 50% of the level that we see now. If you look at what our production guidance is and you match up sales up the kind of range that we would expect to see those come in line too.

Okay. Good. I think that was pretty much it from me. Everything else seems pretty straight forward with the previous releases you’ve given. Thanks very much.

Thanks.

The next question comes from Chris Thompson with PI Financial.

Hi, good morning guys. Thanks for organizing the call. Just two quick questions, Marigold first of all. How should we be looking at strips for the remainder of the year and more specifically the – I guess the portion that you plan to capitalize?

We don’t give quarterly guidance on strip ratios, but Kevin just in terms of where we are mining at the moment. Kevin O’Kane: Yes. Our stripping ratios should remain similar to what they have been in the first half of the year. There is nothing, no changes made in the mine plant.

Greg, any comments on the projects, catalogs?

Yes. So, Chris, I would point you towards our guidance. So, you can see we dropped preferred stripped guidance relative to where we started the year and that’s really reflecting on what’s happened in the first half of the year with more ore tons being mined and you can see that in the stack. So, clearly, our guidance indicates that we will see a return to what I call average strip ratios over the balance of the year. And kind of back to the typical level of give or take $3 million to $4 million capitalized in each quarter to get us towards our guidance number for the year.

Perfect. Thank you for that. And then just over to Puna, obviously a bit of a switch around moving to higher silver and obviously lower zinc production there, would it be true to say that the Q2 would be more representative by way of grade and – sorry recoveries and head grades to what we should expect through the remainder of the year here? Kevin O’Kane: Yes, Chris that’s right. You will see the second half being very similar to Q2 in both in grades and recoveries for both metals, for all the metals.

Perfect guys. Alright, thank you very much.

Thank you.

[Operator Instructions] The next question comes from Adam Graf with B. Riley FBR. Please go ahead, sir.

Hi, guys. Thanks for taking my call. congratulations on a quite a strong quarter. I just have a couple of detailed questions; can you give us any guidance Greg on tax – effective tax rates that we can expect for the second half of the year?

Yes, sure. Adam, I will do my best and I have talked to taxes over a number of previous quarters. They are an issue always has some variability and it is a bit difficult to predict. What I would say is, in this quarter there is really nothing unusual that happened in our tax. You know we are taxable at Seabee and Marigold and we see basically recoveries at corporate and recoveries at Puna where we have inflation adjustments that flow through the tax expense down at Puna that resulted in some different tax recovery and that’s going to be an ongoing issue that’s I’ve highlighted in the last couple of calls. So, quarter-to-quarter we are going to see some variability. I’d still guide generally to, you know about a 25% effective tax rate over a longer-term period, but we certainly could see that very meaningfully from that percentage in a period just depending on where foreign exchange and inflation rates go down in Argentina principally.

And then, speaking about Puna, can you guys give us the rough or the – maybe the exact realized income lead prices that you realized?

I’m sorry, I don’t have what we would call the exact numbers, but effectively we would realize what the prevailing price was in the quarter for the shipments that settled. We have a number of outstanding shipments that we will continue to settle that would be subject to price adjustments over the kind of six weeks post quarter end depending on where those base metal prices go.

And related to the realized price, what was the impact of TCRCs in the quarter?

Yes. So, if you look at our cash cost note in our MD&A, Adam, you'll see the TCRCs that we incurred, disclosed separately as an item in that table. You know look at that and if you want to follow-up, I’m certainly happy to have a discussion on any specifics on it.

Alright. And then getting away from kind of accounting type issues, can you guys give us an idea of when you are going to sort of have a new idea of a mine plan or potential mine plan for mine plan for Pitarrilla?

As we have said around Pitarrilla, we are reviewing at the moment, looking at the extension of the decline and then the diamond drilling. Gut feel at the moment, order of magnitude for that would be 18 to 24 months, extending the decline doing the drilling and then interpretation. And so, obviously following on from that and we worry about what the new mine plan looks like.

And sort of what, I assume you're going to be sort of thinking about spot pricing at that time?

Yes. What we have said with Pitarrilla is, we will only move forward, if it gives us double-digit IRR at spot price. Obviously, the challenge with silver, the consensus projects has in recent years hit fairly significantly about the sport price. So, you can't justify the project just with hoping for the consensus price. We will take into account at that time what the spot prices and making a valuation at that time.

And based on the old plan, and the current exchange rates, does Pitarrilla look pretty good at $17 silver?

With a history of Pitarrilla, the original plan coming in 2012 that was a project with capital. That needed well over $20 to get a double-digit return. Last year, we be said we will do a study to look at a smaller project focused on higher grade underground focus on the sulfites. It came back at a single digit IRR, and we said we’re going to maintain our discipline. So, we're NPV positive, which is great, but we want to maintain that discipline. When we went back to have a look, we realize that – we think there is a good chance that the higher grade is under represented in that old resource model. So, we're going to go ahead with this. So, irrespective of what the silver price does short-term, we're going to do this evaluation because we believe this is the chance being to increase volume and impacted that high growth.

Alright. Thanks for taking so many questions guys. I appreciate the patience.

Not at all. Thank you.

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

Thanks very much operator. Thanks very much everyone for participating in the call today. Have a great day.

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