Silver

Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) released its Q1 2017 operating results, commenting that it produced 97,851 gold equivalent ounces at its three operations during the period.

Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) released its Q1 2017 operating results, commenting that it produced 97,851 gold equivalent ounces at its three operations during the period.
Other highlights include:

  • Gold production at Marigold to plan: Produced 55,215 ounces of gold during the first quarter of 2017.
  • Robust gold production at Seabee: Achieved production of 21,023 ounces of gold in the first quarter of 2017 as higher grade ore was sourced from the Santoy mine.
  • Strong operating fundamentals at Pirquitas: The operation concluded open pit mining in January 2017 and commenced stockpile processing, taking quarterly production to 1.5 million ounces of silver. The mill continued to operate at a rate of approximately 5,000 tonnes per day, 25% above nominal throughput.

Paul Benson, president and CEO of Silver Standard, commented:

Our production of 97,851 gold equivalent ounces is a strong start to the year, highlighted by Seabee continuing to demonstrate a capability to produce above historical levels. The sustained contribution from all three of our assets was solidified by our recent announcement to exercise our option on the Chinchillas project to extend the operating life of Pirquitas. This, combined with our focus on safe production and operational excellence, demonstrates the success of our strategy to create value through internal and external opportunities.

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

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