17:27:37 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



SSR Mining Inc
Symbol SSRM
Shares Issued 120,233,151
Close 2018-12-03 C$ 14.27
Market Cap C$ 1,715,727,065
Recent Sedar Documents

SSR declares commercial production at Chinchillas

2018-12-03 07:14 ET - News Release

Mr. Paul Benson reports

SSR MINING DECLARES COMMERCIAL PRODUCTION AT THE CHINCHILLAS MINE

SSR Mining Inc. has declared commercial production at the Chinchillas mine as of Dec. 1, 2018.

Paul Benson, president and chief executive officer, said: "Declaring commercial production at Chinchillas marks another major milestone as we continue to deliver growth and value for shareholders. Our team's execution capabilities brought the mine in on schedule, in line with our expectations. Together with the communities and government, we are building on our success at Puna operations over the last few years."

Activities required to support sustainable ore delivery from the Chinchillas mine to the Pirquitas plant have been completed, including prestripping of the pit, completion of road bypasses, refurbishment and mobilization of the haul truck fleet, and construction of the crushed ore stockpile dome at the Pirquitas site. Ore delivery to the Pirquitas plant ramped up through November and the company demonstrated targeted haulage rates. The Pirquitas plant processed Chinchillas ore at a rate of approximately 3,000 tonnes per day during test processing. The company expects this rate to progressively increase to its targeted plant throughput rate of 4,000 tonnes per day as the plant transitions to Chinchillas ore in December, 2018.

The remaining scope of the Chinchillas project includes the completion of various infrastructure at the Chinchillas and Pirquitas sites, which is expected to be concluded through the first quarter of 2019. The entire project scope is on track to be completed on budget.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Bruce Butcher, PEng, a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and the company's director, mine planning.

About SSR Mining Inc.

SSR Mining is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, United States, the Seabee gold operation in Saskatchewan, Canada, and the 75-per-cent-owned-and-operated Puna operations joint venture in Jujuy, Argentina. The company also has two feasibility-stage projects and a portfolio of exploration properties in North and South America.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.