Silver Standard Resources Inc. is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects. It is listed on the Toronto Stock Exchange (TSX: SSO) and on the NASDAQ Global Market (NASDAQ: SSRI).
Silver Standard owns and operates the Marigold mine in Nevada, U.S. and the Pirquitas mine in Argentina. Marigold has been in continuous operation since 1988. It achieved record production of 207,006 ounces of gold in 2015 and is expected to produce between 200,000 and 210,000 ounces of gold in 2016. Silver Standard's second mine is the wholly-owned Pirquitas mine in Argentina, one of the largest primary silver mines in the world. Pirquitas achieved commercial production in December 2009. In 2015, the mine produced a record 10.3 million ounces of silver and is expected to produce between 8.0 and 10.0 million ounces of silver in 2016. The Company also has two wholly-owned feasibility stage projects, Pitarrilla in Mexico and San Luis in Peru.
In March 2016, Silver Standard announced the acquisition of Claude Resources Inc., expected to be completed in late May 2016.
Silver Standard is equipped with an experienced management team of mine-builders and operators with proven capabilities. The Company has an enviable balance sheet with a strong cash position and investments in marketable securities. Additionally, it controls an extensive portfolio of development and exploration projects. With the right people, a strong balance sheet and a diversified portfolio, Silver Standard is well-positioned to deliver growth and long-term shareholder value.