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Silver Standard Resources Inc. (NASDAQ:SSRI) announced that in 2015, its Marigold and Pirquitas mines achieved record gold and silver production, respectively.
Silver Standard Resources Inc. (NASDAQ:SSRI) announced that in 2015, its Marigold and Pirquitas mines achieved record gold and silver production, respectively. Marigold is located in Nevada, while Pirquitas is in Argentina.
As quoted in the press release:
The Marigold mine produced 207,006 ounces of gold during 2015, the highest annual production in the mine’s 17 year history. Marigold exceeded its gold production guidance of 195,000 to 205,000 ounces, which was revised upward in August 2015 from 160,000 to 175,000 ounces. This production resulted from safely moving a record 74.6 million tonnes of material in 2015 and mining additional ore tonnes at the Mackay pit.
The Pirquitas mine produced a record 10.3 million ounces of silver during 2015. This achievement marks the fourth consecutive year that Pirquitas has achieved or exceeded production guidance.
Paul Benson, president and CEO of Silver Standard, commented:
I congratulate our teams on the excellent operating and safety results at both our mines. These results reflect the commitment of our personnel to optimizing performance at our operations despite challenging market conditions. We remain focused on efficient, reliable and safe production at the lowest possible cost to drive shareholder value. We also continue to see opportunities for growth in the current market environment and believe Silver Standard is well positioned with the strength of our balance sheet and our people.
Click here to read the full Silver Standard Resources Inc. (NASDAQ:SSRI) press release.