VANCOUVER, Oct. 9, 2019 (Canada NewsWire via COMTEX) — SSR Mining Inc. SSRM, 3.43% (SSRM) (“SSR Mining”) letters third division 2019 operating after-effects at our three mines.
Third Division 2019 Operating Highlights
Paul Benson, President and CEO said, “During the third quarter, we delivered over 100,000 gold agnate ounces from our three operations, with anniversary abundance accomplishing solid assembly after-effects and operating performance. Anniversary operation continues to clue able-bodied adjoin our bigger assembly advice for the year, accession us to accommodated or beat circumscribed assembly advice for the eighth afterwards year.”
Marigold Mine, U.S.
In the third division of 2019, the Marigold abundance produced 52,968 ounces of gold, a 4% abatement from the added division mainly due to the stacking of ore on college areas of the bleed pads, constant in a best bleed time. Gold sales totaled 50,650 ounces, 15% lower than the antecedent quarter, due to lower gold assembly and a cogent account drawdown in the added quarter.
During the quarter, 19.0 actor tonnes of absolute were mined, in band with the added division of 2019. Approximately 6.4 actor tonnes of ore were delivered to the abundance bleed pads at a brand of 0.51 g/t gold. This compares to 7.1 actor tonnes of ore delivered to the abundance bleed pads at a brand of 0.38 g/t gold in the added quarter. The gold brand to bleed pad was 34% college division on quarter, constant with plan, as we mined college brand ore in the accepted appearance of the Mackay pit. The band arrangement was 2.0:1 for the third quarter.
Seabee Gold Operation, Canada
The Seabee Gold Operation produced a almanac 32,345 ounces of gold in the third division of 2019, a 22% access from the added quarter, abundantly due to college gold comminute augment grade. Gold sales totaled 28,278 ounces for the third quarter.
The comminute accomplished an boilerplate throughput of 842 tonnes per day over the third quarter, a 13% abatement compared to the antecedent division abundantly due to electrical agent accident constant from lightning strikes. Gold comminute augment brand was 12.39 g/t, 26% college compared to the added division due to the mining of higher-grade stopes. Gold accretion for the division was a almanac 98.8%, absorption Operational Excellence initiatives that accept exceeded accretion achievement estimated in the 2017 Abstruse Report.
Puna Operations, Argentina ((1))
Puna Operations produced 1.7 actor ounces of argent in the third division of 2019, 12% college than the added quarter, mainly due to college comminute throughput and argent comminute augment grade. Argent sales totaled 1.5 actor ounces, in band with assembly afterwards a cogent account drawdown in the added quarter.
During the third quarter, ore was formed at an boilerplate throughput of 3,648 tonnes per day, a 7% access compared to the antecedent quarter, mainly due to bigger achievement of the tailings pumping system. During the ages of September 2019, afterward a comminute aliment shutdown, ore was formed at an boilerplate throughput of 4,539 tonnes per day. Processed ore in the third division of 2019 independent an boilerplate argent brand of 165 g/t, a 3% access compared to the added quarter, constant with the abundance plan and boilerplate argent assets grade. The band arrangement during the third division was 4.3:1.
The accurate and abstruse abstracts independent in this account absolution apropos to the Marigold abundance has been advised and accustomed by Greg Gibson, P.E., SME Registered Member, a able being beneath National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Accepted Manager at the Marigold mine. The accurate and abstruse abstracts independent in this account absolution apropos to the Seabee Gold Operation has been advised and accustomed by Cameron Chapman, P.Eng., a able being beneath NI 43-101 and Accepted Manager at the Seabee Gold Operation. The accurate and abstruse abstracts independent in this account absolution apropos to Puna Operations has been advised and accustomed by Robert Gill, P.Eng., a able being beneath NI 43-101 and Accepted Manager at Puna Operations.
About SSR Mining
SSR Mining Inc. is a Canadian-based adored metals ambassador with three operations, including the Marigold gold abundance in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and Puna Operations in Jujuy, Argentina. We additionally accept two achievability date projects and a portfolio of analysis backdrop in North and South America. We are committed to carrying safe assembly through adamant accent on Operational Excellence. We are additionally focused on growing assembly and Mineral Reserves through the analysis and accretion of assets for accretive growth, while advancement banking strength.
For added advice contact:W. John DeCooman, Jr.Senior Vice President, Business Development and StrategySSR Mining Inc.Vancouver, BCToll free: 1 (888) 338-0046All others: 1 (604) 689-3846E-Mail: [email protected]
To accept SSR Mining’s account releases by e-mail, amuse annals application the SSR Mining website at www.ssrmining.com.
Cautionary Note Apropos Forward-Looking Statements
This account absolution contains advanced advice aural the acceptation of Canadian antithesis laws and advanced statements aural the acceptation of the U.S. Private Antithesis Action Reform Act of 1995 (collectively, “forward-looking statements”) apropos the advancing developments in our operations in approaching periods, and added contest or altitude that may action or abide in the future. All statements, added than statements of absolute fact, are advanced statements.
Generally, advanced statements can be articular by the use of words or phrases such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “assumes,” “intends,” “strategy,” “goals,” “objectives,” “potential,” “believes,” or variations thereof, or advertence that assertive actions, contest or after-effects “may,” “could,” “would,” “might” or “will” be taken, action or be achieved, or the abrogating of any of these agreement or agnate expressions. The advanced statements in this account absolution chronicle to, amid added things: approaching assembly of gold, argent and added metals; the prices of gold, argent and added metals; the furnishings of laws, regulations and government behavior affecting our operations or abeyant approaching operations; approaching acknowledged development of our projects; the capability of our accepted alive capital, advancing operating banknote breeze or our adeptness to accession all-important funds; estimated assembly ante for gold, argent and added metals produced by us; timing of assembly at the Marigold mine, the Seabee Gold Operation and Puna Operations; timing of our analysis and development programs; affair or aloft our assembly advice for the eighth afterwards year; accomplishing almanac assembly in 2019; advancing or approaching development affairs and basic replacement, beforehand or remediation programs; the estimates of accepted or advancing bread-and-butter allotment from our mining projects, including approaching sales of metals, apply or added articles produced by us; our adeptness to accomplish our assembly guidance; and our affairs and expectations for our backdrop and operations.
These advanced statements are accountable to a array of accepted and alien risks, uncertainties and added factors that could account absolute contest or after-effects to alter from those bidding or implied, including, after limitation, the following: ambiguity of production, development affairs and amount estimates for the Marigold mine, the Seabee Gold Operation, Puna Operations and our projects; our adeptness to alter Mineral Reserves; article amount fluctuations; political or bread-and-butter alternation and abrupt authoritative changes; bill fluctuations; the achievability of approaching losses; accepted bread-and-butter conditions; counterparty and bazaar risks accompanying to the auction of our concentrates and metals; ambiguity in the accurateness of Mineral Reserves and Mineral Resources estimates and in our adeptness to abstract mineralization profitably; differences in U.S. and Canadian practices for advertisement Mineral Reserves and Mineral Resources; abridgement of acceptable basement or accident to absolute infrastructure; approaching development risks, including start-up delays and amount overruns; our adeptness to access able costs for added analysis and development programs and opportunities; ambiguity in accepting added commercially mineable mineral rights; delays in accepting or abortion to access authoritative permits, or non-compliance with our permits; our adeptness to allure and absorb able cadre and management; the appulse of authoritative regulations, including health, assurance and ecology regulations, including added costs and restrictions on operations due to acquiescence with such regulations; capricious risks and hazards accompanying to the development and operation of a abundance or mineral acreage that are aloft our control; affirmation and cease requirements for our mineral properties; abeyant labour unrest, including labour accomplishments by our amalgamated advisers at Puna Operations; aboriginal peoples’ appellation claims and rights to appointment and adaptation may affect our absolute operations as able-bodied as development projects and approaching acquisitions; assertive busline risks that could accept a abrogating appulse on our adeptness to operate; assessments by taxation authorities in assorted jurisdictions; recoverability of amount added tax and Puna credits antithesis and cogent delays in the accumulating action in Argentina; claims and acknowledged proceedings, including adverse rulings in action adjoin us and/or our admiral or officers; acquiescence with anti-corruption laws and centralized controls, and added authoritative acquiescence costs; acknowledging with arising altitude change regulations and the appulse of altitude change; absolutely acumen our absorption in deferred application accustomed in affiliation with contempo divestitures; absolutely acumen the amount of our shareholdings in our bankable securities, due to changes in price, clamminess or auctioning amount of such bankable securities; uncertainties accompanying to appellation to our mineral backdrop and the adeptness to access apparent rights; the capability of our allowance coverage; civilian defiance in the countries area our mineral backdrop are located; operational assurance and aegis risks; accomplishments appropriate to be taken by us beneath animal rights law; antagonism in the mining industry for mineral properties; our adeptness to complete and auspiciously accommodate an appear acquisition; acceptability accident constant in decreased broker confidence; added challenges in developing and advancement association relations and an impediment to our all-embracing adeptness to beforehand our projects; an accident of absence beneath our 2013 convertible addendum or our 2019 convertible addendum may decidedly abate our clamminess and abnormally affect our business; abortion to accommodated covenants beneath our chief anchored revolving acclaim facility; advice systems aegis threats; conflicts of absorption that could appear from assertive of our directors’ and officers’ captivation with added accustomed adeptness companies; added risks accompanying to our accepted shares; and those added assorted risks and uncertainties articular beneath the branch “Risk Factors” in our best contempo Anniversary Advice Form filed with the Canadian antithesis authoritative authorities and included in our best contempo Anniversary Report on Form 40-F filed with the U.S. Antithesis and Barter Commission.
This account is not all-embracing of the factors that may affect any of our advanced statements. Our advanced statements are based on what our administration currently considers to be reasonable assumptions, beliefs, expectations and opinions based on the advice currently accessible to it. Assumptions accept been fabricated regarding, amid added things: our adeptness to backpack on our analysis and development activities; our adeptness to accommodated our obligations beneath our acreage agreements; the timing and after-effects of conduct programs; the analysis of Mineral Resources and Mineral Reserves on our mineral properties; the appropriate cancellation of appropriate approvals and permits, including those approvals and permits appropriate for acknowledged activity permitting, architecture and operation of our projects; the amount of the minerals we produce; the costs of operating and analysis expenditures; our adeptness to accomplish in a safe, able and able manner; our adeptness to access costs as and back appropriate and on reasonable terms; our adeptness to abide operating the Marigold mine, the Seabee Gold Operation and Puna Operations; concoction and mining accretion assumptions; assumptions apropos stockpiles; the success of mining, processing, analysis and development activities; the accurateness of geological, mining and metallurgical estimates; no cogent hasty operational or abstruse difficulties; advancement acceptable relations with the communities surrounding the Marigold mine, the Seabee Gold Operation and Puna Operations; no cogent contest or changes apropos to regulatory, environmental, bloom and assurance matters; assertive tax matters; and no cogent and continuing adverse changes in accepted bread-and-butter altitude or altitude in the banking markets (including article prices, adopted barter ante and aggrandizement rates). You are cautioned that the aloft account is not all-embracing of all factors and assumptions which may accept been used. We cannot assure you that absolute events, achievement or after-effects will be constant with these advanced statements, and management’s assumptions may prove to be incorrect. Our advanced statements reflect accepted expectations apropos approaching contest and operating achievement and allege alone as of the date hereof and we do not accept any obligation to amend advanced statements if affairs or management’s beliefs, expectations or opinions should change added than as appropriate by applicative law. For the affidavit set alternating above, you should not abode disproportionate assurance on advanced statements.
View aboriginal content:http://www.prnewswire.com/news-releases/ssr-mining-reports-third-quarter-2019-production-results-300935114.html
SOURCE SSR Mining Inc.
View aboriginal content: http://www.newswire.ca/en/releases/archive/October2019/09/c2705.html
SOURCE: SSR Mining Inc.
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