Profile: Silver Standard Resources Inc (SSRI.OQ)
24 Jul 2014
Silver Standard Resources Inc., incorporated on December 11, 1946, is a silver resource company. The Company’s properties are located in six countries in the Americas. The Company is focused on operating and producing silver from the Pirquitas Mine, which is located in the Province of Jujuy, Argentina, and on advancing the Pitarrilla Project in Durango State, Mexico as well as the San Luis Project in Ancash Department, Peru. In addition, the Company continues to advance its portfolio of mineral projects and properties, which are at various stages of exploration and development. During the year ended December 31, 2012, the Pirquitas Mine produced 8.6 million ounces of silver and 11.2 million pounds of zinc. In 2012, the Company completed approximately 53,000 metres of drilling at the Pirquitas Mine. In December 2013, Silver Standard Resources Inc. completed the sale of its San Agustin project in Durango, Mexico to Argonaut Gold Inc.
The Pirquitas Mine is located in the Puna de Jujena region of northwestern Argentina in the Province of Juju. The Pirquitas Mine consists of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares. The project is held by our wholly-owned subsidiary, MPI, and is located approximately 355 kilometres northwest of the city of San Salvador de Jujuy. MPI was formerly known as Sunshine Argentina, Inc. (Sunshine Argentina). The Pirquitas Mine also includes surface rights covering an area of approximately 7,502 hectares.
San Luis Project
The San Luis Project is a wholly-owned high-grade gold-silver project located in the Ancash Department of central Peru, approximately 25 kilometers northwest of Barrick Gold Corporation’s Pierina gold mine. It can be accessed by two all-weather roads. The project is held by our wholly-owned subsidiary, Reliant Ventures, and consists of 43 mineral concessions covering an area of 35,538 hectares.
The Company’s wholly owned Pitarrilla Project is located in the north-central part of the State of Durango, Mexico. The Pitarrilla Project is comprised of 12 mineral claims covering an area of approximately 136,192 hectares.
The Diablillos Project is a wholly-owned silver-gold exploration project located in northwestern Argentina approximately 275 kilometers south of its Pirquitas Mine and is accessible by gravel road. The project consists of eight mining leases totaling 4,500 hectares, and 2 cateos (or exploration licences) of 5,567 hectares. During the year ended December 31, 2012, the Company drilled 19 diamond boreholes for a combined length of 1,674 metres to test these five targets.
San Agustin Project
The San Agustin Project comprises two mineral claims covering an area of approximately 575 hectares and is located approximately four kilometers north of the village of San Agustin de Ocampo and approximately 100 kilometers north of the city of Durango in the State of Durango, Mexico. The Company does not hold the surface rights to the property.
The Berenguela silver-copper-manganese project is located in the Altiplano of southern Peru about five kilometers northeast of the town of Santa Lucia in the Province of Puno. The property comprises 14 mineral concessions covering an area of approximately 6,668 hectares.
This 22,378-hectare property covers desert highlands in Chile’s Region I and is centered about 130 kilometers southeast of the major port city of Iquique. The Challacollo silver deposit is situated within a metallogenic belt that parallels the northern Chilean coastline and includes the Cerro Colorado porphyry copper deposit and the El Penon epithermal gold deposit.
Candelaria Mine Project
Candelaria Mine Project is wholly owned by the Company. Candelaria Mine Project is located in the Candelaria Hills in west central Nevada approximately 55 miles south of Hawthorne, Nevada and approximately five miles west of Highway 95, which connects Reno, Nevada to Las Vegas, Nevada.
Maverick Springs Project
It holds a 55% interest in the Maverick Springs Project, representing all of the silver mineral resources hosted in the project. Maverick Springs is located in northeastern Nevada at the southeast end of the Carlin Trend belt of gold-silver deposits. The property is now held in a joint venture with Allied Nevada Gold Corp
Sunrise Lake Deposit
The Sunrise Lake Deposit is located about 130 kilometers by air east-northeast of Yellowknife, Northwest Territories, Canada. The Sunrise Lake deposit is a typical volcanogenic massive sulphide deposit comprising a steeply dipping massive lens three to four meters thick, 120 meters wide and 190 meters long.
Veta Colorada Project
The Veta Colorada Project is located approximately 210 kilometers south of larger city of Chihuahua city. The property of the Veta Colorada Project consists of nine mining concessions covering an area of approximately 4,244 hectares.
San Marcial Project
The San Marcial Project is located in Sinaloa State, Mexico 90 kilometers due east of Mazatlan in the Sierra Madre Mountains in west central Mexico. The Company consists of two claims covering an area 1,250 hectares.
Silver Standard Resources Inc
Suite 800, 1055 Dunsmuir Street,
PO Box 49088
VANCOUVER BC V6C 2W2