Precious Metals

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is pleased to report the results of a Preliminary Economic Assessment (“PEA”) for the Seabee Gold Operation in Saskatchewan, Canada prepared with SRK Consulting (Canada) Inc. The PEA evaluates the expansion of the Seabee Gold Operation to a sustained mining and milling rate of 1,050 tonnes per day for …

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is pleased to report the results of a Preliminary Economic Assessment (“PEA”) for the Seabee Gold Operation in Saskatchewan, Canada prepared with SRK Consulting (Canada) Inc. The PEA evaluates the expansion of the Seabee Gold Operation to a sustained mining and milling rate of 1,050 tonnes per day for a seven-year period.
As quoted in the press release:

Paul Benson, President and CEO said, “We acquired Claude Resources because we recognized Santoy was a high-quality orebody and we saw the potential for near-term production growth and improved margins, which this expansion plan confirms.  At sub-$550 per ounce cash costs and peak annual gold production of over 120,000 ounces along with a production profile for at least another seven years estimated under the PEA, Seabee is firmly positioned as a key asset and significant cash flow generator in our portfolio. Underpinning our longer-term view, we believe that recent drilling success at Santoy, our large land position and our option on the Fisher property represent the potential for further mine life extension.”

Click here for the full text release

MARKETS

Markets
TSX20181.44-88.53
TSXV660.08-9.49
DOW33980.32-171.69
S&P 5004274.04-31.16
NASD12938.12-164.43
ASX7127.70+22.30

COMMODITIES

Commodities
Gold1762.52-2.37
Silver19.65-0.16
Copper3.57-0.02
Palladium2137.50+9.50
Platinum921.50-4.50
Oil88.15+0.04
Heating Oil3.570.00
Natural Gas9.22-0.02

DOWNLOAD FREE REPORTS

×