PR Newswire
VANCOUVER, Oct. 9, 2019
VANCOUVER, Oct. 9, 2019 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") reports third quarter 2019 operating results at our three mines.
Third Quarter 2019 Operating Highlights
Paul Benson, President and CEO said, "During the third quarter, we delivered over 100,000 gold equivalent ounces from our three operations, with each mine achieving solid production results and operating performance. Each operation continues to track well against our improved production guidance for the year, positioning us to meet or exceed consolidated production guidance for the eighth consecutive year."
Marigold Mine, U.S.
| | Q3 2019 | Q2 2019 | % Change (1) |
Total material mined | kt | 19,033 | 19,254 | (1.1)% |
Waste removed | kt | 12,676 | 12,185 | 4.0% |
Ore to leach pad | kt | 6,357 | 7,070 | (10.1)% |
Strip ratio | w/o | 2.0 | 1.7 | 17.6% |
Gold grade to leach pad | g/t | 0.51 | 0.38 | 34.2% |
Gold recovery | % | 77.0% | 75.0% | 2.7% |
Gold produced | oz | 52,968 | 54,922 | (3.6)% |
Gold sold | oz | 50,650 | 59,702 | (15.2)% |
Notes: |
(1) Percent changes are calculated using rounded numbers presented in the table. |
In the third quarter of 2019, the Marigold mine produced 52,968 ounces of gold, a 4% decrease from the second quarter mainly due to the stacking of ore on higher areas of the leach pads, resulting in a longer leach time. Gold sales totaled 50,650 ounces, 15% lower than the previous quarter, due to lower gold production and a significant inventory drawdown in the second quarter.
During the quarter, 19.0 million tonnes of material were mined, in line with the second quarter of 2019. Approximately 6.4 million tonnes of ore were delivered to the heap leach pads at a grade of 0.51 g/t gold. This compares to 7.1 million tonnes of ore delivered to the heap leach pads at a grade of 0.38 g/t gold in the second quarter. The gold grade to leach pad was 34% higher quarter on quarter, consistent with plan, as we mined higher grade ore in the current phase of the Mackay pit. The strip ratio was 2.0:1 for the third quarter.
Seabee Gold Operation, Canada
| | Q3 2019 | Q2 2019 | % Change (1) |
Total ore milled | t | 77,465 | 88,424 | (12.4)% |
Ore milled per day | t/day | 842 | 971 | (13.3)% |
Gold mill feed grade | g/t | 12.39 | 9.83 | 26.0% |
Gold recovery | % | 98.8% | 98.4% | 0.4% |
Gold produced (2) | oz | 32,345 | 26,539 | 21.9% |
Gold sold | oz | 28,278 | 24,276 | 16.5% |
Notes: | |
(1) | Percent changes are calculated using rounded numbers presented in the table. |
(2) | Q3 2019 gold produced includes 1,244 ounces of gold recovered from sludges, fines and cathodes accumulated through 2018 and early 2019 and shipped offsite. These ounces had not been previously recorded as inventory and are not included in the gold recovery for the quarter. |
The Seabee Gold Operation produced a record 32,345 ounces of gold in the third quarter of 2019, a 22% increase from the second quarter, largely due to higher gold mill feed grade. Gold sales totaled 28,278 ounces for the third quarter.
The mill achieved an average throughput of 842 tonnes per day over the third quarter, a 13% decline compared to the previous quarter largely due to electrical transformer damage resulting from lightning strikes. Gold mill feed grade was 12.39 g/t, 26% higher compared to the second quarter due to the mining of higher-grade stopes. Gold recovery for the quarter was a record 98.8%, reflecting Operational Excellence initiatives that have exceeded recovery performance estimated in the 2017 Technical Report.
Puna Operations, Argentina (1)
| | Q3 2019 Werbung Mehr Nachrichten zur SSR Mining Aktie kostenlos abonnieren
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