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SSR Mining Inc.
Summary
| Project: | Seabee Gold Operation | |
|---|---|---|
| Deposit: | Seabee Gold Operation | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-9-2017: SSR Mining Inc. announces a PEA report for its Seabee Gold Operation deposit at the Seabee Gold Operation project. PEA evaluating expansion of Seabee operation at a mining and milling rate of 1050t/day for 7 years. VANCOUVER, B.C. – SSR Mining I | |
| Resources: | (Reserve, P+P): 1.37Mt @ 8.19g/t Au for 0.36Moz Au contained at Seabee | |
| CP/QP: | [Overall Report]: Michael Selby (SRK Consulting (Canada) Inc.;Internal) | |
| ABSTRACT: | VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is pleased to report the results of a Preliminary Economic Assessment (“PEA”) for the Seabee Gold Operation in Saskatchewan, Canada prepared with SRK Consulting (Canada) Inc. The PEA evaluates the expansion of the Seabee Gold Operation to a sustained mining and milling rate of 1,050 tonnes per day for a seven-year period. Paul Benson, President and CEO said, “We acquired Claude Resources because we recognized Santoy was a high-quality orebody and we saw the potential for near-term production growth and improved margins, which this expansion plan confirms. At sub-$550 per ounce cash costs and peak annual gold production of over 120,000 ounces along with a production profile for at least another seven years estimated under the PEA, Seabee is firmly positioned as a key asset and significant cash flow generator in our portfolio. Underpinning our longer-term view, we believe that recent drilling success at Santoy, our large land position and our option on the Fisher property represent the potential for further mine life extension.” | |
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