SSR Mining Inc.

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 Inc.
Public
Traded asTSX: SSRM NASDAQ: SSRM
IndustryMining & Exploration
Founded1946
Headquarters,
Key people
Paul Benson President,CEO
Greg Martin CFO
Kevin O'Kane COO
ProductsGold
Silver
Total assetsUS$1.43 mil (as at March 31, 2013)
Websitewww.ssrmining.com

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 Puna Operations in Jujuy Province, Argentina. Puna Operations consists of the Pirquitas operation and the Chinchillas.

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

Active Mines

Marigold

The Marigold mine 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. 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 320-ton haul trucks and four loading units with an additional loading unit being constructed.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. The mine 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 Santoy underground mine has been in continuous commercial production since 2014. Commercial production at the Seabee mine commenced in 1991 and exhausted Mineral Resources in 2018. All Ore 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

Puna Operations Inc. comprises the Chinchillas mine and the Pirquitas property, which includes the Pirquitas processing facilities. Puna Operations is located in the Jujuy Province, Argentina.

On May 31, 2017, SSR Mining formed the Puna Operations joint venture with Golden Arrow Resources Corporation for the development of the Chinchillas project. The joint venture, named Puna Operations Inc., consisted of SSR Mining’s Pirquitas property and Golden Arrow’s Chinchillas property and was owned on a 75% / 25% basis by each company, respectively. On September 18, 2019, SSR Mining completed the acquisition of the remaining 25% interest in Puna Operations Inc. With the completion of the transaction, SSR Mining now owns 100% of Puna Operations.

The Chinchillas mine is a silver-lead-zinc deposit, which achieved commercial production in December 2018. It is expected to supply ore to the Pirquitas processing facilities over an 8-year active mining period. Open pit mining is conducted using conventional drill, blast, truck and loading operations. The ore is transported 40 kilometers to the Pirquitas processing facilities, which produce a silver-lead concentrate and a zinc concentrate that are shipped to international smelters.

The Pirquitas processing facilities have been in commercial production since 2009, processing ore from the San Miguel open pit, which concluded mining activities in January 2017 and currently hosts the tailings deposit facility .

Other Projects

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, 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

  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.
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