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SSR Mining Inc.
Summary
| Project: | Marigold Mine | |
|---|---|---|
| Deposit: | Marigold Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-6-2018: SSR Mining Inc. announces a Feasibility Study report for its Marigold Mine deposit at the Marigold Mine project. Life of mine plan results incl. post-tax NPV of US $552M (5%), updated resource and reserve. VANCOUVER, B.C. – SSR Mining Inc. (NAS | |
| Resources: | (Reserve, Prob.): 205.1Mt @ 0.46g/t Au for 3.0Moz Au contained at Marigold | |
| CP/QP: | [Resources]: James N. Carver (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is pleased to report results of an updated life of mine plan for the Marigold mine in Nevada, U.S., evaluating a sustained mining rate from the additional haul trucks added in 2016 and 2018 as well as year-end 2017 Mineral Reserves, for over ten years of mining to 2028. Paul Benson, President and CEO said, “This life of mine plan builds on our exploration success and Operational Excellence track record at Marigold. Annual gold production is forecast to exceed 265,000 ounces in 2021 and 2022, a more than 30% increase over 2017. The new reserve supports mining for over ten years and gold production for fifteen years, with significant resources and exploration potential existing beyond the currently defined reserves. Marigold opened in 1989 with an initial estimated eight-year mine life and next year celebrates its 30th year of continuous operation. We continue to invest in exploration at the site and expect to continue to increase reserves and resources.” The Marigold mine is located in southeastern Humboldt County, in the northern foothills of the Battle Mountain Range of Nevada, U.S. The mine is situated approximately five kilometers southsouthwest of the town of Valmy, Nevada via a public road emanating from Interstate Highway 80 approximately 325 kilometers east of Reno. The Marigold mine currently encompasses approximately 10,570 hectares. We hold a 100% interest in the Marigold mine through our whollyowned subsidiary, Marigold Mining Company. The mine has been in continuous production since 1989. | |
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