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SSR Mining Celebrates 5 Million Ounces of Gold Production From Marigold

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SSR Mining has announced a significant milestone as its Marigold Mine achieved 5 million ounces of gold production on December 30, 2024. The mine has maintained continuous operations for over 35 years, with more than 2 million ounces produced since SSR Mining's acquisition in 2014.

Notable achievements include a record 278,000 ounces of gold production in 2023. The mine currently holds nearly 3 million ounces of Mineral Reserves as of December 31, 2023, supporting a minimum 9-year mine life. The company has allocated approximately $10 million in growth expenditures for 2024, focusing on mine life extension opportunities, including the Buffalo Valley project.

SSR Mining ha annunciato un traguardo significativo poiché la sua Miniera Marigold ha raggiunto 5 milioni di once di produzione di oro il 30 dicembre 2024. La miniera ha mantenuto operazioni continue per oltre 35 anni, con più di 2 milioni di once prodotte dall'acquisizione di SSR Mining nel 2014.

Tra i risultati notevoli spicca un record di 278.000 once di produzione di oro nel 2023. Al 31 dicembre 2023, la miniera detiene quasi 3 milioni di once di Riserve Minerarie, supportando una vita mineraria minima di 9 anni. L'azienda ha stanziato circa $10 milioni per le spese di crescita nel 2024, concentrandosi sulle opportunità di estensione della vita mineraria, incluso il progetto Valley Buffalo.

SSR Mining ha anunciado un hito significativo ya que su Minería Marigold alcanzó 5 millones de onzas de producción de oro el 30 de diciembre de 2024. La mina ha mantenido operaciones continuas durante más de 35 años, con más de 2 millones de onzas producidas desde la adquisición de SSR Mining en 2014.

Logros notables incluyen un récord de 278,000 onzas de producción de oro en 2023. Actualmente, la mina posee casi 3 millones de onzas de Reservas Minerales a partir del 31 de diciembre de 2023, apoyando una vida útil mínima de 9 años. La empresa ha asignado aproximadamente $10 millones en gastos de crecimiento para 2024, enfocándose en oportunidades de extensión de la vida útil de la mina, incluido el proyecto Buffalo Valley.

SSR MiningMarigold Mine이 2024년 12월 30일에 500만 온스의 금 생산을 달성함에 따라 중요한 이정표를 발표했습니다. 이 광산은 35년 이상 연속으로 운영되고 있으며, 2014년 SSR Mining의 인수 이후 200만 온스 이상의 금이 생산되었습니다.

눈에 띄는 성과로는 2023년에 기록한 27만 8천 온스의 금 생산이 있습니다. 이 광산은 2023년 12월 31일 기준으로 거의 300만 온스의 광물 매장량을 보유하고 있으며, 최소 9년의 광산 수명을 지원하고 있습니다. 이 회사는 2024년을 위해 성장 지출로 약 $1천만을 할당하며, Buffalo Valley 프로젝트를 포함하여 광산 수명 연장 기회에 집중하고 있습니다.

SSR Mining a annoncé une étape importante alors que sa mine de Marigold a produit 5 millions d'onces d'or le 30 décembre 2024. La mine a maintenu une opération continue pendant plus de 35 ans, avec plus de 2 millions d'onces produites depuis l'acquisition par SSR Mining en 2014.

Les réalisations notables comprennent une production record de 278 000 onces d'or en 2023. La mine détient actuellement près de 3 millions d'onces de réserves minérales au 31 décembre 2023, soutenant une durée de vie minimale de 9 ans. L'entreprise a alloué environ 10 millions de dollars pour des dépenses de croissance en 2024, en mettant l'accent sur les opportunités d'extension de la durée de vie de la mine, y compris le projet Buffalo Valley.

SSR Mining hat einen bedeutenden Meilenstein bekannt gegeben: Die Marigold Mine erreichte am 30. Dezember 2024 eine Goldproduktion von 5 Millionen Unzen. Die Mine hat seit über 35 Jahren ununterbrochen gearbeitet und seit der Übernahme durch SSR Mining im Jahr 2014 mehr als 2 Millionen Unzen produziert.

Zu den bemerkenswerten Erfolgen gehört eine Rekordgoldproduktion von 278.000 Unzen im Jahr 2023. Die Mine hält derzeit fast 3 Millionen Unzen an Mineralreserven zu einem Stichtag am 31. Dezember 2023, was eine Mindestbetriebsdauer von 9 Jahren unterstützt. Das Unternehmen hat etwa 10 Millionen Dollar für Wachstumsinvestitionen im Jahr 2024 eingeplant, mit einem Fokus auf Möglichkeiten zur Verlängerung der Lebensdauer der Mine, einschließlich des Buffalo Valley Projekts.

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DENVER--(BUSINESS WIRE)-- SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to announce that the Marigold Mine achieved 5 million ounces of gold production on December 30, 2024. Marigold has been in continuous operation for more than 35 years and has produced more than 2 million ounces of gold since its acquisition by SSR Mining in 2014, including a record 278,000 ounces of gold production in 2023.

Figure 1. Members of the Marigold Team celebrate 5 million ounces of gold production on December 30, 2024. (Photo: Business Wire)

Figure 1. Members of the Marigold Team celebrate 5 million ounces of gold production on December 30, 2024. (Photo: Business Wire)

Rod Antal, Executive Chairman of SSR Mining, said, “We are very proud of the Marigold team for this significant milestone. Producing five million ounces of gold over 35 years of continuous operations is a testament to the quality of the Marigold mine and its team. Of note, Marigold still hosted nearly 3 million ounces of Mineral Reserves as of December 31, 2023, supporting a mine life of at least 9 years. In 2024, we targeted approximately $10 million in growth expenditures at Marigold as we continue to invest meaningfully in mine life extension opportunities at the mine, including at the Buffalo Valley project. We look forward to many more years of safe, responsible and successful operations at Marigold going forward.”

About SSR Mining

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX, and SSR on the ASX.

For more information, please visit www.ssrmining.com.
E-Mail: invest@ssrmining.com
Phone: +1 (888) 338-0046

Cautionary Note Regarding Forward-Looking Information

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings. Forward-looking information relates to statements concerning our outlook and anticipated events or results and, in some cases, can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts.

Forward-looking information and statements in this news release are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking information and statements are based are reasonable, undue reliance should not be placed on the forward-looking information and statements because we can give no assurance that they will prove to be correct. Forward-looking information and statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release.

Forward-looking information and statements in this news release include any statements concerning, among other things: Mineral Resources, Mineral Reserves, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the Company’s ability to discover new areas of mineralization; the timing and extent of capital investment at the Company’s operations; the timing and extent of capitalized stripping at the Company’s operations; the timing of production and production levels and the results of the Company’s exploration and development programs, forecasts and outlook; the impact of any suspensions on operations; the timing and amount of future production; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.

The above list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in our filings on our website at www.ssrmining.com, on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and other unforeseen events or circumstances. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

For more information, please visit www.ssrmining.com.

E-Mail: invest@ssrmining.com

Phone: +1 (888) 338-0046

Source: SSR Mining Inc.

FAQ

How much gold has SSRM's Marigold Mine produced since its acquisition in 2014?

Since SSR Mining acquired Marigold Mine in 2014, it has produced more than 2 million ounces of gold.

What was Marigold Mine's gold production record in 2023?

Marigold Mine achieved a record production of 278,000 ounces of gold in 2023.

What are SSRM's current Mineral Reserves at Marigold Mine?

As of December 31, 2023, Marigold Mine holds nearly 3 million ounces of Mineral Reserves.

How much is SSRM investing in Marigold Mine's growth for 2024?

SSR Mining has targeted approximately $10 million in growth expenditures at Marigold for 2024.

What is the expected remaining mine life of SSRM's Marigold operation?

Based on current Mineral Reserves, Marigold Mine has a remaining mine life of at least 9 years.

SSR Mining Inc.

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