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Stock Market & Financial Investment News

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December 5, 2012
05:14 EDTSSRISilver Standard announces positive feasibility study for Pitarrilla
Silver Standard Resources announced the results of the Feasibility Study for its 100% owned Pitarrilla Project located in the State of Durango, Mexico. Silver Mineral Reserves: Probable Mineral Reserves of 479M ounces of silver, approximately 5.2x the 91.7M ounces reported previously. Long-life and high production: A 32-year project producing an average of 15M ounces of silver per year during the first 18 years of production. Robust project economics: An after-tax net present value of $737M at base case metal prices and $1.7B at spot prices. An after-tax internal rate of return of 12.8% at base case metal prices and 21.2% at spot prices. Capital expenditures: Total construction costs of $741M, including $157M of pre-production operating costs and $131M of pre-production revenue. Low technical risk: Utilizes standard truck-and-shovel open-pit mining methods and well-established flotation and leach processing methods.
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July 15, 2014
10:00 EDTSSRIOn The Fly: Analyst Upgrade Summary
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July 14, 2014
18:46 EDTSSRISilver Standard upgraded to Outperform from Market Perform at BMO Capital
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July 10, 2014
05:19 EDTSSRISilver Standard reports Q2 production results
Silver Standard Resources provides Q2 operational update for the Pirquitas mine in Jujuy, Argentina and the Marigold mine in Nevada, U.S. The Pirquitas mine produced 2M ounces of silver during Q2, higher than the 1.9M ounces produced in Q1. The mine also produced 9.3M pounds of zinc in zinc concentrate in Q2. The quarter-on-quarter increase in metal production is due to an increase in head grade as a result of specific locations mined in accordance with the company's mine plan. During Q2, the company recognized sales of 1.9M ounces of silver and 5.3M pounds of zinc. The decrease in zinc sales reflects unusually high Q1 sales and timing of deliveries. Approximately 402,000 tonnes of ore were milled during Q2, compared to 406,000 tonnes in the Q1. Ore was milled at an average rate of 4,423 tonnes per day, 11% above the mill's nominal design. This compares to an average milling rate of 4,514 tonnes per day in Q1. During the Q2, the Marigold mine produced 22,060 ounces of gold, exceeding quarterly guidance by 10%. Gold sales totaled 21,990 ounces for the quarter. The majority of ore mined in Q2 was from the lower grade upper portions of the Mackay Phase 1 pit while less material was sourced from the Target pit as the company completed Phase 1. The mine moved a total of 18.3M tonnes of material, of which 2.4M tonnes of ore was delivered to the heap leach pads at a grade of 0.34 g/t gold.

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