Make Kitco Your Homepage

Silver Standard Produces 97,851 Gold-Equivalent Ounces In 1Q

Kitco News

Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) announces output totaled 97,851 gold-equivalent ounces from three operations during the first quarter. Gold production at Marigold was according to plan with 55,215 ounces, while Seabee output was described as “robust” with 21,023 ounces as higher-grade ore was sourced from the Santoy mine. Meanwhile, at Pirquitas, open-pit mining was concluded in January and stockpile processing began, 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, the company says. Paul Benson, president and chief executive officer, says Seabee continued “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.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News