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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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October 1, 2015
09:02 EDTSSRISilver Standard signs agreement with Golden Arrow with Chinchillas project
Silver Standard announces that it has entered into an agreement with Golden Arrow Resources Corporation whereby Silver Standard will explore, evaluate and seek to develop the Chinchillas project in Jujuy Province, Argentina. Silver Standard acquires a right to evaluate Chinchillas that, upon election by Silver Standard, would result in the formation of a 75%/25% joint venture whereby Silver Standard would be majority partner and operator. Under the terms of the Agreement, Silver Standard will evaluate Chinchillas during the Preliminary Period as a mining operation to supply feed to the Pirquitas plant beginning in the second half of 2017. Silver Standard has committed to spend a minimum of $4 million for pre-development activities. Expenditures may total up to $12.6 million based on the success of the pre-development activities, including exploration, mine planning, metallurgical studies, permitting and engineering studies. The Preliminary Period extends for 18 months from the signing of the Agreement. Silver Standard has agreed to pay Golden Arrow up to C$2 million during the Preliminary Period in four C$500,000 cash installments with the first installment paid on signing and the remaining conditional upon completion of project milestones. Following signing of the Agreement, Golden Arrow will initiate the process to obtain the necessary court and shareholder approvals required to form the joint venture under a plan of arrangement. If Silver Standard elects to proceed, Silver Standard and Golden Arrow will enter into a joint venture whereby Silver Standard will be the majority partner and operator.

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