SSR Mining Inc. (SSRM) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of SSR Mining Inc. Please note that today's meeting is being recorded. [Operator Instructions]. And it is now my pleasure to turn today's meeting over to Mike Anglin, Sir, the floor is yours.

Yes. Thank you very much for that. Good morning ladies and gentlemen, I'm Mike Anglin, Chairman of the Board of Directors of SSR Mining. I would like to welcome you to the company's 2023 Annual Meeting. The Board of Directors of the company has delegated to me the authority to lead the meeting of shareholders today. As the company's meeting is being held virtually, I would like to turn out a few rules for the orderly conduct of the meeting. Questions can be submitted today by any registered shareholder or duly appointed property holder using the Q&A to have a virtual meeting interface. Any questions regarding procedural matters or with other related to the motions before the meeting will be addressed after the presentation of all business items. All other questions will be addressed during the question-and-answer period at the conclusion of the formal part of the meeting. When asking a question, please indicate your name and which entity you represent, if any. For the purpose of the meeting, voting on all matters will be conducted by electronic ballot. Please note, the polls are open for electronic voting now and will remain open until later in the meeting. Only registered shareholders and duly appointed proxyholders who have not voted in advance of the meeting may vote during this meeting. Importantly, if you are a registered shareholder or a duly appointed proxyholder and have already voted by submitting your proxy form or voting instructions form in advance of the meeting, it is not necessary for you to vote again today. With those guidelines in mind, we will now proceed with the formal portion of today's meeting. I now ask that the company's 2023 Annual Meeting comes to order. For the purpose of this meeting, I have appointed Michael J. Sparks, Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary of the company to act as secretary. The company's registrar and transfer agent is Computershare Investor Services Inc. For the purposes of this meeting, I appoint Computershare through its representatives to act as scrutineer of the meeting, to compute the votes of the polls taken at this meeting and to report to the Chairman. The purpose of today's meeting has been set out in the company's proxy statement, dated April 14, 2023. Unless there are any objections, I will forego the reading of the notice of the meeting. The scrutineer has provided information that the meeting -- that the brochure of the meeting materials were mailed to all shareholders of common shares and all holders of CDIs on or about April 14, 2023, and the proper notice of the meeting has been given. Please note that copies of the meeting materials, including the proxy statement, are available on the company's website and the company's profile on EDGAR and on SEDAR. I have before me a preliminary scrutineer's report indicating that there is a sufficient number of shareholders and proxyholders present to constitute a quorum. I therefore declare that the quorum of the shareholders as required under the company's articles is present and the meeting is regularly called and properly constituted for the transaction of business. I will now deal with the business of this meeting. The company's articles provide that as Chairman, I may propose a motion and that no motions need to be seconded. In the interest of expediting the business of this meeting, I will move all motions to be proposed. As the first item of the business on the agenda for today's meeting, I now present the company's audited financial statements for the financial year ended December 31, 2022, together with the auditor's report to shareholders thereon. Copies of these documents have been mailed to the shareholders who requested them and are available on the company's website and the company's profile on EDGAR and on SEDAR. It is not proposed that they may be read in this meeting. Any questions related to or a discussion of the company's audited financial statements and auditor's reports will be deferred until the question-and-answer period at the conclusion to formal part of today's meeting. The next item of business is the election of directors. The 9 directors to be elected by the shareholders of the company to hold office until the close of business of the first Annual Meeting of Shareholders of the company following election or until their successors are elected or appointed. The following individuals have been nominated as directors for the ensuring year or until the successors are elected or appointed, and are prepared to stand for election as directors as set out in the company's proxy statement myself: A.E. Michael Anglin; Rod Antal; Thomas R. Bates, Jr.; Brian R. Booth; Simon A. Fish; Leigh Ann Fisher; Alan P. Krusi; Kay Priestly; and Karen Swager. As the number of nominees is equal to the number of directors set for the company, I move to elect all of the nominees as directors of the company. The company endorses a pay-for-performance approach for executive compensation in order to reinforce the linkages between compensation and the company's strategic objectives and risk management processes. A detailed discussion of the company's executive compensation program is provided in the company's proxy statement. The company has conducted a say-on-pay advisory votes in 2016. The purpose of the say-on-pay advisory vote is to give shareholders a formal opportunity to provide views on the disclosed objectives of the executive compensation plans and on the plans themselves. As this is an advisory vote, the results will not be binding upon the Board. However, the Board will take the results of the vote into account as appropriate when considering future compensation policies, procedures and decisions and in determining whether there is a need to significantly increase its engagement with shareholders on compensation and related matters. As in past years, the company will disclose the results of the shareholders' advisory vote as part of its report on voting results for this meeting. I move to approve on a nonbinding advisory basis, the company's approach to executive compensation as set out in the company's proxy statement. The next item of business is the appointment of the company's independent registered public accounting firm. The company's current independent registered public account firm is PricewaterhouseCoopers LLP, chartered professional accountants, and management proposes the reappointment of PwC for the ensuring year. I move to ratify the appointment of PricewaterhouseCoopers LLP, as the independent public accounting firm of the company for the fiscal year ending December 31, 2023, and until the next annual meeting. Unless there are questions on any of the motions before the meeting, we will now open the polls to finalize it on electronic ballot. As mentioned, the polls are open now for voting by electronic ballot. As a reminder, if you have already voted in advance of the meeting, it is not necessary for you to vote again today. All registered shareholders and duly appointed proxyholders who have properly logged in with your control number or user names and wish to vote, please register your vote at this time. [Voting]

We will provide approximately 1 more minute to complete the electronic ballot. [Voting]

Once the electronic ballot closes, your voting will automatically be submitted. We ask that the scrutineer to compile a report regarding the results of voting on all business matters, and the results will be published by the company on EDGAR, on SEDAR and by press release. I've been advised by the scrutineer that the majority of the ballots and proxies deposited for the meeting have voted in favor of each of the foregoing resolutions of the meeting. I direct the results of the poll be included with the minutes of this meeting. Thank you. This completes the matters of business to be conducted as set out in notice of the meeting. I therefore move that the meeting be terminated. As there is no further business to come before the meeting, I declare the formal part of the meeting to be conducted -- to be concluded. I will now open the meeting for any questions. As a reminder, you can submit a question today by using the Q&A tab at the virtual meeting interface.. We will now give attendees a moment to submit any questions. As there is no further business or questions, we now conclude the meeting. Thank you for your attendance today.

Ladies and gentlemen, this concludes the meeting. You may now disconnect.