Silver Standard’s Pirquitas and Marigold Mines Beat 2014 Guidance

Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) announced its results for Q4 2014, as well as 2014 as a whole, noting that both its Marigold and Pirquitas mines exceeded production guidance for the year.

The release also includes 2015 cost and production guidance.

Highlights include:

Pirquitas  

• Record annual silver and zinc production: Produced 8.7 million ounces of silver in 2014, including 2.2 million ounces in the fourth quarter. Achieved production guidance for the third consecutive year demonstrating consistent delivery to plan. The mine also had record annual zinc production of 30.0 million pounds in 2014.
• Strong fourth quarter sales: Silver sales of 2.8 million ounces and zinc sales of 8.7 million pounds in the fourth quarter, reducing inventory levels as planned.

Marigold

• Record fourth quarter gold production: Produced 129,615 ounces of gold from April to December 2014, exceeding our 2014 production guidance which had been previously increased to between 110,000 and 120,000 ounces. Produced 67,113 ounces in the fourth quarter, a quarterly record for the mine since it commenced production in 1988 and 66% higher than the previous quarter.
• Exploration program delivers: 2014 drill program adds higher grade Mineral Resources to the 8 South pit area. The extension to the 8 South pit currently contains Indicated Mineral Resources of 82,000 ounces of gold at a grade of 1.20 grams per tonne and Inferred Mineral Resources of 75,000 ounces of gold at a grade of 1.41 grams per tonne, as reported in our release dated December 12, 2014.

Click here to read the full Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) press release.