SSR produces gold more in 7 th year too!

Produces over 345K Oz of gold in 2018

SSR Mining Inc fourth quarter and year-end 2018 operating results & additionally, we are providing 2019 guidance report says, SSR Mining Achieved total annual production guidance and produced over 345,000 gold equivalent ounces in 2018 and over 88,000 gold equivalent ounces in the fourth quarter, meeting or exceeding initial guidance for a seventh consecutive year. SSR Mining delivered attributable gold equivalent production of over 335,000 ounces in 2018.

Annual production of 205,160 ounces of gold in 2018, as fourth quarter gold production of 54,306 ounces led to Marigold mine exceeding the upper end of our revised annual guidance. Delivered record annual gold production at Seabee Mine, the operation achieved the highest annual production in its history, producing 95,602 ounces of gold in 2018, exceeding the top end of the upwardly revised annual guidance.

Strong operating performance of Seabee in 2018 & that milled 352,000 tonnes of ore or 964 tonnes per day, another operating record, while average gold mill feed grade was an impressive 9.16 g/t.

Puna mine exceeded the upper end of the revised annual silver production guidance with a total of 3.7 million ounces in 2018. With the declaration of commercial production at the Chinchillas mine in December 2018, we produced 1.2 million ounces of silver in the fourth quarter, a 79% increase over the third quarter, as the mill averaged nearly 3,800 tonnes per day.

Paul Benson, President and CEO said, "As all three of our operations exceeded expectations and with both Marigold and Seabee at or near record annual production, we produced over 345,000 gold equivalent ounces in 2018. This marks the seventh consecutive year that we have met or exceeded our annual production guidance. In the year ahead, we are forecasting production growth to nearly 400,000 gold equivalent ounces, with Seabee and Marigold continuing to deliver to plan and Puna ramping-up to steady-state operations.

 

Importantly, due to the exploration success across our portfolio and our strong in 2018, the Marigold mine produced 205,160 ounces of gold, surpassing the upper end of our revised production guidance. This compares to 202,240 ounces of gold produced in 2017. For the full-year, gold sales were 198,884 ounces due to bullion inventory increasing in the fourth quarter relative to the previous quarter, which we expect to sell in the first quarter of 2019.

Material mined during the year totalled 70.4 million tonnes, a 2% increase as compared to 2017.  The mine achieved record annual ore tonnes to the leach pads with over 27.5 million tonnes stacked. During the fourth quarter of 2018, 17.0 million tonnes of material were mined, down 20% from the third quarter due to scheduled maintenance on the electric rope shovel and longer haul cycles.

Construction delays deferred the new leach pad commissioning to the first quarter of 2019 and solution application commenced in January 2019. In the fourth quarter of 2018, Marigold produced 54,306 ounces of gold, representing a 7.1% reduction as compared to the previous quarter. Gold sales totalled 50,550 ounces for the quarter.”