Key Developments: Silver Standard Resources Inc (SSRI.OQ)

SSRI.OQ on NASDAQ Stock Exchange Global Select Market

4.90USD
26 Dec 2014
Price Change (% chg)

$0.24 (+5.15%)
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$4.66
Open
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$4.78
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Latest Key Developments (Source: Significant Developments)

Silver Standard Resources Inc completes Marigold Mine acquisition from subsidiaries of Goldcorp Inc and Barrick Gold Corporation
Friday, 4 Apr 2014 01:28pm EDT 

Silver Standard Resources Inc:Closes the purchase of the Marigold mine from subsidiaries of Goldcorp Inc and Barrick Gold Corporation.Cash consideration paid at closing was $275 miln.Total cash consideration paid for the acquisition was funded from Silver Standard's cash balance.  Full Article

Silver Standard Resources Inc reaffirms FY 2014 production guidance
Thursday, 20 Feb 2014 07:30pm EST 

Silver Standard Resources Inc:Sees FY 2014 silver production of 8.2 to 8.6 million ounces.Sees FY 2014 zinc production of 25 to 30 million pounds.  Full Article

Mandalay Resources Corp completes purchase of Silver Standard Resources Inc.'s 100 pct interest in Challacollo silver-gold project
Friday, 7 Feb 2014 01:47pm EST 

Mandalay Resources Corp:Says it has completed the purchase of Silver Standard Resources Inc.'s 100 pct interest in the Challacollo silver-gold project in Region I, Northern Chile (the Project).Says terms of the purchase were as disclosed in the press release announcing the transaction on Dec. 20, 2013.Says the value of the closing consideration was about $16.7 mln using the Canadian/US Dollar exchange rate and the Mandalay share price on the day of closing.  Full Article

Goldcorp Inc announces sale of Marigold mine to Silver Standard Resources Inc
Tuesday, 4 Feb 2014 02:00am EST 

Goldcorp Inc:Announced that the company and their joint venture partner Barrick Gold Corporation (Barrick) have entered into a Purchase and Sale Agreement.The agreement to sell their respective interests in the Marigold mine in Humboldt County, Nevada to Silver Standard Resources Inc.Under the terms of the agreement, Goldcorp and Barrick will receive total consideration of $275 million in cash.Says Marigold is a joint venture operation between Goldcorp who is the operator and 66.7% partner and Barrick who is the 33.3% partner.  Full Article

Silver Standard Resources Inc issues FY 2014 production guidance
Tuesday, 14 Jan 2014 06:30pm EST 

Silver Standard Resources Inc:Says that for fiscal 2014, it expects to produce and sell 8.2-8.6 mln ounces of silver and produce and sell 25-30 mln pounds of zinc.  Full Article

Silver Standard Resources Inc completes sale of San Agustin project
Monday, 30 Dec 2013 05:00pm EST 

Silver Standard Resources Inc:Says it has completed the sale of its San Agustin project in Durango, Mexico to Argonaut Gold Inc.Says transaction was previously announced in Silver Standard's press release dated Nov. 5, 2013.  Full Article

Silver Standard Resources Inc to sell Challacollo Project to Mandalay Resources Corp
Friday, 20 Dec 2013 12:35am EST 

Silver Standard Resources Inc:Says that it has entered into a definitive agreement with Mandalay Resources Corp to sell 100% of its Challacollo project in Region I, Chile.Says under the terms of the definitive agreement, Silver Standard will sell its interest in Challacollo for aggregate consideration of: C$7.5 mln cash payable at closing.12 mln common shares of Mandalay issued at closing (current value of C$8.9 mln based on the Mandalay share price at Dec. 19).Five mln common shares of Mandalay issued at the end of the first quarter in which commercial production has commenced.Cash equivalent of 240,000 ounces of silver in eight quarterly installments (based on the average quarterly silver price), beginning the quarter immediately following the quarter in which commercial production has commenced.Says Silver Standard Resources will also have a 2.0 pct. NSR royalty on silver sales in excess of 36 mln ounces, up to a maximum of C$5 mln.Says Silver Standard expects the transaction to close in the first quarter of 2014.  Full Article

Silver Standard Resources Inc Enters Into Definitive Agreement With Argonaut Gold Inc
Tuesday, 5 Nov 2013 07:45pm EST 

Silver Standard Resources Inc announces that it has entered into a definitive agreement with Argonaut Gold Inc. (Argonaut) to sell 100% of its San Agustin project in Durango, Mexico (San Agustin) for an aggregate consideration of approximately $75 million. Under the terms of the definitive agreement, Silver Standard will sell its interest in San Agustin for aggregate consideration of: $15 million cash payable at closing; $30 million of Argonaut shares issued at closing (based on the 5-day volume weighted average sale price for Argonaut shares trading on the TSX prior to signing the definitive agreement); $10 million cash payable six months after signing the definitive agreement; and $20 million cash payable eighteen months after signing the definitive agreement.Silver Standard will also have a 2.0% NSR royalty on sulphide ore produced from San Agustin. Silver Standard expects the transaction to close in the first quarter of 2014.  Full Article

Silver Standard Resources Inc Raises Low End Of Prior FY 2013 Production Guidance-Conference Call
Thursday, 8 Aug 2013 11:00am EDT 

Silver Standard Resources Inc announced that for fiscal 2013, it expects silver production to range between 8.3 million and 8.5 million ounces.  Full Article

Silver Standard Resources Inc Reaffirms FY 2013 Production Guidance
Wednesday, 8 May 2013 08:41pm EDT 

Silver Standard Resources Inc reaffirmed fiscal 2013 guidance and expects to produce and sell between 8.2 and 8.5 million ounces of silver and produce over 20 million pounds of zinc.  Full Article

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