SSR Mining Achieves Milestone in Gold Production
SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) is excited to share the remarkable achievement of reaching 5 million ounces of gold production at the Marigold Mine. Operating for over 35 years, the mine has been a beacon of sustainability and productivity, producing over 2 million ounces of gold since the company's acquisition in 2014. Notably, 2023 marked a stellar year with record-breaking gold production hitting 278,000 ounces.
Commitment to Excellence
Rod Antal, the Executive Chairman of SSR Mining, expressed immense pride in the Marigold team. He stated, “Producing five million ounces of gold over 35 years of continuous operations is a testament to the quality of the Marigold mine and its dedicated team.” This milestone underscores the ongoing commitment to operational excellence and mining safety.
Gold Reserves and Future Plans
As of the end of 2023, Marigold continues to boast nearly 3 million ounces of Mineral Reserves. This promising figure supports the mine's operation for at least nine more years, further adding to the excitement surrounding its future. SSR Mining has earmarked approximately $10 million for growth expenditures in 2024 as part of its strategy to extend the mine's operational life, including initiatives at the Buffalo Valley project.
About SSR Mining
SSR Mining is a company that prides itself on its sustainable mining practices and commitment to community engagement. With its stock trading under the ticker symbol SSRM on NASDAQ and TSX, as well as SSR on ASX, the company's presence is strong in the market. The commitment to ethical mining reflects in their exploration and production methodologies, aiming for a balance between profitability and environmental stewardship.
Future Vision
The management is optimistic about the Marigold Mine's future, envisioning many more successful years ahead. As they continue to refine their approach and invest in advanced technologies, SSR Mining is poised for growth and efficiency in their operations.
Frequently Asked Questions
What milestone has SSR Mining achieved at Marigold Mine?
The company has achieved 5 million ounces of gold production at the Marigold Mine, marking a significant milestone in its operational history.
How long has the Marigold Mine been in operation?
The Marigold Mine has been continuously operating for over 35 years, signifying its long-standing presence in the mining industry.
What were the production numbers for 2023?
In 2023, Marigold Mine produced a record 278,000 ounces of gold, demonstrating impressive operational capability.
What are the future plans for the Marigold Mine?
SSR Mining has allocated around $10 million for growth expenditures in 2024 to extend the life of the Marigold Mine, focusing on projects like Buffalo Valley.
What does SSR Mining's stock represent?
SSR Mining trades under the ticker symbol SSRM on NASDAQ and TSX, and SSR on ASX, representing its commitment to transparency and accountability in the mining sector.
