bot another 2,000 .78 GRG.v
And got some AG stock options this morn.
Think silver may have bottomed.
VANCOUVER, Oct. 12, 2016 /CNW/ - Silver Standard Resources Inc. (NASDAQ:SSRI - News) (TSX:SSO.TO - News) ("Silver Standard") provides its third quarter 2016 operational results.
Operating Highlights:
Demonstrated scale from three operations: Record quarterly production of 112,559 gold equivalent ounces.
Strong gold production at the Seabee Gold Operation: Produced 20,142 ounces of gold in the third quarter, positioning the mine to meet the upper end of production guidance.
Commenced Operational Excellence program at Seabee: Milled 900 tonnes per day during the third quarter, including a successful trial of approximately 1,000 tonnes per day in August 2016.
Record quarterly silver production at Pirquitas: Produced 3.0 million ounces of silver, 21% higher than the second quarter of 2016, as we milled more ore tonnes and achieved higher silver mill feed grade and recovery, on track to meet the upper end of production guidance.
Strong operating fundamentals at Pirquitas: Achieved record quarterly milling rate of 4,946 tonnes per day in the third quarter, including over 5,200 tonnes per day in August 2016.
Gold production on track at Marigold: Produced 47,456 ounces of gold during the third quarter of 2016, with expected strong fourth quarter production results, on track to meet guidance.
Increased total material mined at Marigold: Mined 19.6 million tonnes during the quarter reflecting increased haul truck capacity.
Paul Benson, President and CEO said, "This was a strong quarter with a number of production records. Our three mines delivered impressive operating results and record quarterly gold equivalent production, reflecting the addition of a full quarter gold production from Seabee and record silver production at Pirquitas with another solid quarter from Marigold. Pleasingly, we were able to start our Operational Excellence program at Seabee and saw some immediate results. With Seabee integrated into Silver Standard, our portfolio is showing our strength as a high-quality intermediate producer with scale and margin. We continue to focus on creating shareholder value through operational excellence, exploration for mine life extension and disciplined growth."
