Our Properties
In 2019, our corporate focus on operational excellence brought dividends: every one of our mining operations delivered record production. We met our guidance for the eighth consecutive year.
At SSR, we generate value for our stakeholders through disciplined decision-making and continual improvement.
At Marigold, we have allocated approximately $12 million for exploration in 2020. Exploration will focus on near-surface targets at Marigold and Trenton Canyon, and diamond drilling targeting high-grade sulphides at Trenton Canyon.
At Seabee Gold Operations, the mill facility, which has been in operation since 1991, is expected to achieve 1,050 tonnes per day in 2020. And at Puna Operations, the Chinchillas mine completed its first full year of commercial production, feeding the Pirquitas processing facilities that previously processed ore from the San Miguel open pit, where mining ended in 2017. Over 2019, the Chinchillas mine stabilized its production and the mine became a significant factor in our production profile, delivering 7.7 million ounces of silver, 24.0 million pounds of lead and 8.4 million pounds of zinc.
Our business generates a wide range of economic benefits, for our employees through salaries and benefits, for our investors and shareholders through financial returns, and for our host governments and communities through taxes, royalties, and community investments.
At the time of this report’s production, the global COVID-19 pandemic has caused us to temporarily suspend operations at Puna and Seabee, while Marigold remains open with modified work practices to safeguard the health and safety of our employees. Of course, all our pre-COVID-19 production guidance and other commitments are suspended, but once the effects of this global “pause” are behind us, we expect our strong production profile to continue in the mid to long-term future.
Operational Excellence
- Strong safety leadership
- Continuous pursuit of efficiencies
- Maximize productivity, minimize waste
- All processes start with good planning
- Thinking creatively to solve problems and drive value
- Performance managed and controlled
- Always look to optimize our assets
Marigold Mine
Type
Gold mine
Heap leach operation with processing plant
Location
Humboldt County, Nevada USA
Ownership
100%
2019 production
220,227 ounces of gold
Workforce
457
Proven and Probable Mineral Reserves*
3.9 million ounces of gold (average grade of 0.49 g/t)
Expected mine life
Forecasted average annual production of approx. 236,000 ounces per year to 2023, with peak production over 265,000 ounces of gold in 2021 and 2022.
Payments to governments
US $12,620,000
*As of December 31 2019
Marigold Marks 30 years of Continuous Production
In 1989, when the Marigold Mine poured its first gold doré bar, there were 13 people working in the open pit. The mine’s expected life was eight years.
Thirty years, and 3.9 million ounces of gold later, the Marigold Mine is still in production, running 24/7 with four rotating crews and a staff of more than 400. It’s expected to remain in production until 2032. It is a major employer and a significant economic force in Humboldt County and the state of Nevada. The mine supports local schools, sports facilities, teams, the Boys & Girls Club and many other groups and initiatives—in total, it contributes an average of $205,000 annually in donations and scholarships. Marigold has provided over $13.3 million in royalty income to the University of Nevada. Marigold people devote their personal time and energy in support of community organizations and initiatives.
And the Marigold Mine story is not over: the new Trenton Canyon acquisition adds 8,900 more hectares of exploration property, nearly doubling the land package and potentially adding many more years of productive life to the mine.
Seabee Gold Operation
Type
Gold mine
Underground mine with processing plant
Location
Northern Saskatchewan, Canada
fly-in operation with ice road access in winter
Ownership
100%
2019 production
112,137 ounces of gold
Workforce
501
Proven and Probable Mineral Reserves*
500,000 ounces of gold (average grade of 10.17 g/t)
Expected mine life
Estimated gold production averages 100,000 ounces per year from 2018 to 2023
Payments to governments
US $12,940,000
*As of December 31 2019
Puna Operations
Type
Open-pit Chinchillas silver/lead/zinc mine
Pirquitas property with processing facilities
Location
Jujuy Province, Argentina
Ownership
100%
2019 production
7.7 million ounces of silver
Workforce
1021
Proven and Probable Mineral Reserves*
49.7 million ounces of silver at an average grade of 149 g/t
Expected mine life
Average annual silver equivalent production of 8.4 million ounces over an eight-year mine life, and 4,000 tonne per day throughput (Chinchillas pre-feasibility study)
Payments to governments
US $18,990,000
*As of December 31 2019