Business
SSR Mining Reports First Quarter 2019 Production Results
VANCOUVER, April 10, 2019 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") reports first quarter 2019 operating results at our three
About this update from Ssr Mining Inc.
[{"type":"text","content":"VANCOUVER, April 10, 2019 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (\"SSR Mining\") reports first quarter 2019 operating results at our three mines. \nFirst Quarter 2019 Operating Highlights\nAchieved strong consolidated production: Produced over 112,000 gold equivalent ounces in the first quarter of 2019. Record quarterly gold production at Seabee: Produced 31,183 ounces of gold due to higher mill throughput and timing of gold pours, representing a quarter-on-quarter increase of 52%.Solid operating performance at Marigold: Mined 17.3 million tonnes of material while gold production remained strong at 53,151 ounces.Silver production doubled at Puna Operations: Produced 2.4 million ounces of silver, double the silver production in the fourth quarter of 2018, with lead and zinc production of 6.8 million pounds and 1.6 million pounds, respectively. Ramp up at the Chinchillas mine was substantially completed during the quarter.Paul Benson, President and CEO said, \"It is pleasing to have a good start to the year with a near-record consolidated gold equivalent production of over 112,000 ounces, highlighted by quarterly record gold production at Seabee, where we continue to achieve higher mill throughput rates. The Chinchillas project was substantially completed during the quarter, setting us up for steady state production at Puna Operations. With all three operations performing well, we are positioned to achieve record production in 2019.\"\nMarigold Mine, U.S.\n \nIn the first quarter of 2019, the Marigold mine produced 53,151 ounces of gold, a 2% decline from the fourth quarter mainly due to weather conditions during the period. Gold sales totaled 55,517 ounces, 10% higher than the previous quarter as we sold bullion inventory accumulated in the fourth quarter of 2018.\nDuring the quarter, 17.3 million tonnes of material were mined, a 2% increase compared to the fourth quarter of 2018, as we commenced mining the next phase of the Mackay pit, which resulted in shorter haul distances and offset the weather events early in the quarter.\nApproximately 5.5 million tonnes of ore were delivered to the heap leach pads at a grade of 0.34 g/t gold. This compares to 5.7 million tonnes of ore delivered to the heap leach pads at a grade of 0.34 g/t gold in the fourth quarter of 2018. The strip ratio was 2.1:1 for the quarter. \...