SSR Mining Inc. (SSRM): Business Model Canvas

Key Partnerships

SSR Mining Inc. understands the importance of forming strong partnerships in order to achieve its strategic objectives. Here are some key partnerships that SSRM has established:

• Joint ventures with local and international mining companies: SSRM has formed strategic alliances with both local and international mining companies to pool resources, expertise, and technology for exploration and production projects. These joint ventures provide SSRM access to new markets, increase its operational efficiency, and mitigate risks associated with mining operations.
• Collaboration with local governments for mining rights: SSRM works closely with local governments to obtain the necessary mining permits and rights for its projects. By collaborating with regulatory authorities, SSRM ensures compliance with local laws and regulations, as well as fosters positive relationships with local communities.
• Partnerships with equipment suppliers: SSRM partners with leading equipment suppliers to procure state-of-the-art machinery and tools for its mining operations. These partnerships enable SSRM to optimize its production processes, reduce operational costs, and enhance the safety and sustainability of its mining projects.
• Environmental and regulatory compliance consultants: SSRM engages environmental and regulatory compliance consultants to assess and mitigate the environmental impact of its mining activities. By partnering with experts in compliance and sustainability, SSRM demonstrates its commitment to responsible mining practices and environmental stewardship.

Key Activities

SSR Mining Inc. engages in a variety of key activities within the mining industry to drive its business model. These activities include:

• Gold and silver mining operations: SSR Mining Inc. focuses on the extraction of gold and silver from its mining properties. This involves the planning, coordination, and implementation of mining activities to extract these precious metals.
• Exploration and development of mining properties: The company invests in exploration to identify potential mining properties with high mineral potential. Once a property is acquired, SSR Mining Inc. undertakes the necessary development activities to prepare for mining operations.
• Ore processing and refining: After the extraction of gold and silver from the mining properties, the ores are processed and refined to extract the precious metals. This includes crushing, grinding, and chemical processes to separate the gold and silver from the ore.
• Environmental management and restoration: SSR Mining Inc. places a strong emphasis on environmental management and restoration at its mining sites. The company implements practices to minimize environmental impact, such as water management, waste disposal, and land reclamation.

These key activities are essential for SSR Mining Inc. to successfully operate within the mining industry and drive its business model forwards.

Key Resources

Mining leases and licenses: SSR Mining Inc. acquires mining leases and licenses to access mineral-rich sites for exploration and extraction. These legal documents grant the company the right to conduct mining activities in specific areas, ensuring compliance with regulatory requirements and securing access to valuable mineral deposits.

Geologically rich mining sites: The company's key resource is the presence of geologically rich mining sites that are abundant in valuable minerals such as gold, silver, and copper. These sites are carefully selected based on geological surveys and assessments to maximize the potential for successful mining operations.

Specialized mining equipment and machinery: SSR Mining Inc. invests in specialized mining equipment and machinery to extract minerals efficiently and safely from the ground. This equipment includes drills, shovels, haul trucks, and processing plants that are crucial for the extraction and processing of ore.

Skilled workforce trained in mining operations: A skilled workforce is essential for the success of SSR Mining Inc.'s operations. The company employs geologists, engineers, miners, and other professionals who are trained in mining operations and have the expertise to operate equipment, conduct mining activities, and ensure the safety and efficiency of operations.

• Mining engineers
• Geologists
• Heavy equipment operators
• Processing plant technicians

Value Propositions

SSR Mining Inc. (SSRM) offers a range of value propositions that set it apart in the mining industry:

• Reliable supply of high-quality gold and silver: SSRM prides itself on consistently delivering a reliable supply of high-quality gold and silver to its customers. With a strong track record of production and a commitment to quality control, customers can trust in the consistency and purity of the precious metals they receive.
• Sustainable mining practices: SSRM is dedicated to minimizing its environmental impact and ensuring sustainable mining practices. By prioritizing environmental stewardship, the company strives to protect the natural resources and ecosystems in which it operates, as well as the communities that rely on them.
• Strong focus on safety and environmental stewardship: Safety is a top priority at SSRM, with rigorous safety protocols in place to protect employees and minimize risk. Additionally, the company is committed to environmental stewardship, working to minimize its ecological footprint and leave a positive legacy in the areas where it operates.
• Proven and probable reserves ensuring long-term viability: With proven and probable mineral reserves in its portfolio, SSRM offers investors confidence in the long-term viability of its operations. By focusing on maintaining and growing its reserve base, the company is well-positioned to continue generating value for shareholders well into the future.

Key Partners

SSR Mining Inc. works with a range of key partners to support its operations and drive its success:

• Suppliers: SSRM relies on a network of suppliers to provide the equipment, materials, and services necessary for its mining operations. By working closely with reliable suppliers, the company is able to maintain efficient and cost-effective production processes.
• Local communities: SSRM recognizes the importance of building strong relationships with the local communities in which it operates. By engaging with community leaders, residents, and stakeholders, the company aims to create shared value and promote economic development in the areas where it operates.
• Regulatory bodies: Compliance with regulations and permitting requirements is essential for SSRM to operate responsibly and sustainably. The company works closely with regulatory bodies at the local, national, and international levels to ensure that its operations meet or exceed industry standards.

Customer Relationships

SSR Mining Inc. places a strong emphasis on building and maintaining positive relationships with its customers. Here are some key aspects of their customer relationships:

• Long-term contracts with major metal refining companies: SSR Mining Inc. values stability and predictability in its customer relationships. By entering into long-term contracts with major metal refining companies, they are able to secure a steady demand for their products and ensure a reliable source of revenue.
• Responsive customer support for supply and logistics: SSR Mining Inc. understands the importance of maintaining open lines of communication with their customers. They provide responsive customer support for any supply or logistics issues that may arise, ensuring that their customers' needs are met in a timely and efficient manner.
• Transparent and responsible reporting practices: SSR Mining Inc. believes in transparency and accountability when it comes to their business practices. They provide their customers with detailed and accurate reports on their operations, including environmental impact assessments and safety records, to build trust and credibility with their customer base.
• Community engagement and development programs: SSR Mining Inc. recognizes the importance of engaging with the communities in which they operate. They implement community engagement and development programs to support local initiatives and foster positive relationships with the residents and stakeholders in the areas where they conduct business.

Channels

SSR Mining Inc. utilizes a variety of channels for selling its precious metals and minerals. These channels include:

• Direct sales to bullion banks and metal refiners: SSR Mining Inc. maintains direct relationships with reputable bullion banks and metal refiners to sell its products.
• Brokerage firms for metals trading: The company also engages brokerage firms to facilitate trading of its metals on the open market.
• Company owned distribution logistics: SSR Mining Inc. has its own distribution logistics in place to efficiently deliver its products to customers.
• Marketing through industry conferences and direct client relationships: The company actively participates in industry conferences and maintains direct relationships with clients to promote its products and services.

Customer Segments

Precious metals refining companies: SSR Mining Inc. serves precious metals refining companies that are looking for a reliable source of gold, silver, and other precious metals. These companies rely on SSR Mining Inc. for high-quality metals that meet their specific refining requirements.

Investors and traders in the commodities market: The company's business model also caters to investors and traders in the commodities market who are looking to invest in precious metals. SSR Mining Inc. provides a platform for these individuals to purchase and trade precious metals, allowing them to diversify their investment portfolios.

Electronics manufacturers using silver: SSR Mining Inc. supplies silver to electronics manufacturers who use the metal in various electronic components. These manufacturers rely on SSR Mining Inc. for a consistent and reliable source of silver to ensure the quality of their products.

Jewelry manufacturers and retail brands: Jewelry manufacturers and retail brands are another key customer segment for SSR Mining Inc. These companies use gold and other precious metals in their jewelry products and rely on SSR Mining Inc. for a secure and sustainable source of these metals.

• By catering to a diverse range of customer segments, SSR Mining Inc. is able to maintain a robust and sustainable business model that is resilient to market fluctuations and changes in consumer demand.

• The company's focus on serving specific customer segments allows it to tailor its products and services to meet the unique needs and requirements of each segment, ensuring high customer satisfaction and loyalty.

Cost Structure

SSR Mining Inc. (SSRM) incurs various costs in its operations to ensure successful mining processes and maintain compliance with environmental regulations. The cost structure of SSRM includes:

• Operational Costs: This includes the costs associated with mining activities such as drilling, blasting, hauling, and ore processing. These costs cover the expenses related to extracting and processing ore to produce the desired metals.
• Capital Expenditure: SSRM invests in mining equipment and infrastructure development to support its operations. This includes purchasing and maintaining mining equipment, constructing processing plants, and developing infrastructure to transport ore and materials.
• Environmental Compliance and Remediation Costs: As a responsible mining company, SSRM incurs costs to comply with environmental regulations and standards. This includes implementing measures to minimize the environmental impact of its mining activities, conducting environmental assessments, and carrying out remediation projects to rehabilitate mined-out areas.
• Labor and Employee Training Expenses: SSRM invests in its workforce by providing competitive wages, benefits, and training programs to ensure employee safety and skill development. Labor costs include salaries, wages, benefits, and training expenses for employees involved in mining, processing, maintenance, and support functions.

Revenue Streams

SSR Mining Inc. generates revenue through various streams in its business model. These revenue streams are essential for sustaining the company's operations and driving growth.

• Sale of refined gold and silver: One of the primary revenue streams for SSR Mining Inc. is the sale of refined gold and silver. The company extracts these precious metals from its mining operations and sells them to customers in the form of bars or ingots.
• Contracts with metal trading firms and refineries: SSR Mining Inc. enters into contracts with metal trading firms and refineries to sell its gold and silver at negotiated prices. These contracts provide a steady source of revenue for the company.
• Royalties from licensing mining technologies: The company also generates revenue through royalties from licensing its mining technologies to other mining companies. This allows SSR Mining Inc. to earn passive income from the use of its patented technologies.
• Income from joint venture partnerships and investments: SSR Mining Inc. engages in joint venture partnerships and investments with other companies to develop mining projects. This generates additional income for the company through profit sharing agreements and equity investments.