Friday, October 14, 2016

Silver Standard Resources Inc. - SSO.t

Silver Standard Resources Inc. - SSO.t owns the flagship Pirquitas mine in Argentina, one of the largest primary silver mines in the world. In 2015, Pirquitas produced 10.3 million ounces of silver.

The company also operates the Marigold mine which produced 207,000 ounces of gold in 2015.

On March 7, 2016 the company released News
Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") provides its third quarter 2016 operational results.
Operating Highlights:
•Demonstrated scale from three operations: Record quarterly production of 112,559 gold equivalent ounces.
•Strong gold production at the Seabee Gold Operation: Produced 20,142 ounces of gold in the third quarter, positioning the mine to meet the upper end of production guidance.
•Commenced Operational Excellence program at Seabee: Milled 900 tonnes per day during the third quarter, including a successful trial of approximately 1,000 tonnes per day in August 2016.
•Record quarterly silver production at Pirquitas: Produced 3.0 million ounces of silver, 21% higher than the second quarter of 2016, as we milled more ore tonnes and achieved higher silver mill feed grade and recovery, on track to meet the upper end of production guidance.
•Strong operating fundamentals at Pirquitas: Achieved record quarterly milling rate of 4,946 tonnes per day in the third quarter, including over 5,200 tonnes per day in August 2016.
•Gold production on track at Marigold: Produced 47,456 ounces of gold during the third quarter of 2016, with expected strong fourth quarter production results, on track to meet guidance.
•Increased total material mined at Marigold: Mined 19.6 million tonnes during the quarter reflecting increased haul truck capacity.