SSR Mining Inc.

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SSR Mining Inc.
Public
Traded asTSXSSRM NASDAQSSRM
IndustryMining & Exploration
Founded1946
Headquarters,
Key people
Paul Benson President,CEO
Greg Martin CFO
Alan Pangbourne COO
ProductsGold
Silver
Total assetsUS$1.43 mil (as at March 31, 2013)
Websitewww.ssrmining.com

SSR Mining Inc., formerly Silver Standard Resources, is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects. It is listed under the ticker symbol SSRM on the NASDAQ Capital Markets and the Toronto Stock Exchange.

SSR Mining is a 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 Province, Argentina. Puna Operations consists of the Pirquitas operation and the Chinchillas development project.

SSR Mining has two feasibility stage projects and a portfolio of exploration properties throughout North and South America. [1]

Active Mines[edit]

Marigold

The Marigold has been in continuous operation since 1988. The mine is located in Humboldt County, Nevada, United States on the Battle Mountain-Eureka trend. SSR Mining completed the acquisition of Marigold on April 4, 2014 and published a technical report in November 2014. Marigold is a large run-of-mine heap leach operation with several open pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility. Currently, the mine utilizes a fleet of 290-tonne haul trucks and three loading units. Based on the Marigold mine five-year outlook announced on September 15, 2016, for the period to 2021, the mine is expected to produce on average approximately 220,000 ounces of gold per year. The gold doré bars produced at the mine are shipped to a third party refinery.

Seabee Gold Operation

The Seabee Gold Operation has been in continuous production since 1991. is located near Laonil Lake, Saskatchewan, Canada approximately 125 kilometers northeast of the town of La Ronge. SSR Mining acquired the Seabee Gold Operation on May 31, 2016 as a result of our acquisition of Claude Resources Inc. The Seabee Gold Operation consists of two underground gold mines, the Santoy mine and the Seabee mine. The Santoy mine has been in continuous commercial production since 2014. Commercial production at the Seabee mine commenced in 1991. Ore from both mines is processed at the Seabee mill facility, which has been in operation since 1991. The Seabee mill facility produces doré bars that are shipped to a third party refinery.

Puna Operations

On May 31, 2017, SSR Mining formed a joint venture with Golden Arrow Resources Corporation for the development of the Chinchillas project. The joint venture, named Puna Operations Inc., consists of SSR Mining’s Pirquitas property and Golden Arrow’s Chinchillas property and is owned on a 75% / 25% basis by each company, respectively. SSR Mining is the joint venture operator.

The Pirquitas operation is located in the Province of Jujuy, northern Argentina. The mine achieved commercial production in 2009. The San Miguel open pit at the Pirquitas operation concluded mining activity in January 2017. In 2017 the operation is scheduled to process stockpiles in a conventional mineral flotation plant. The silver concentrate produced from the plant is shipped to third party smelters.

The Chinchillas project is a silver-lead-zinc deposit, located in the Puna region of northwestern Argentina, in Jujuy Province. Chinchillas is approximately 42 kilometers by road from the Pirquitas property. The 2017 pre-feasibility study on the Chinchillas project evaluates the development and construction of an open-pit mine and supporting infrastructure, which will supply ore to the Pirquitas processing facilities over an eight-year active mining period. Chinchillas will be mined by conventional drill, blast, truck, and loading open pit mining methods. A fleet of 35-tonne road haul trucks will transport ore approximately 42 kilometers to the Pirquitas processing facilities. Over the life of mine, the Pirquitas processing facility is expected to produce a silver-lead concentrate and a zinc concentrate. The two concentrates will be shipped internationally to smelters for processing.

Other Projects[edit]

Pitarrilla

The Pitarrilla Project is a 100% owned grassroots discovery made by SSR Mining in 2002, located approximately 160 kilometres north-northwest of the city of Durango within the State of Durango, Mexico. A paved roadway extends to within 47 kilometres of the plant site. Pitarrilla is a silver, lead, and zinc project, which may consist of a large open-pit mainly recovering oxidized ores in the early years of production and then predominantly sulphide ores from the deeper parts of the deposit.[2]

San Luis

San Luis is a 100% owned project by SSR Mining, located in the Ancash Department, central Peru. The San Luis Project is centered on a high-grade, gold-silver vein, the Ayelén Vein, which was discovered in 2005. The Project is approximately 25 kilometers northwest of Barrick Gold Corporation's Pierina gold mine.[3]

References[edit]

  1. ^ "SSR Mining Financial Reports". www.juniorminingnetwork.com. Retrieved 2017-02-24.
  2. ^ "SSR Mining". www.ssrmining.com. Retrieved 2017-08-16.
  3. ^ "SSR Mining". www.ssrmining.com. Retrieved 2017-08-16.