SSR 3Q production recorded of 100K Oz
SSR mining reports third quarter 2019 operating results at three mines says, on track for higher annual gold production. SSR mining 3Q produced over 100K consolidated gold equivalent ounces from our three operations during the third quarter, and over 310K consolidated gold equivalent ounces year-to-date.
Record quarterly gold production at Seabee produced 32,345 ounces of gold. Gold mill feed grade reached 12.4 g/t and gold recovery was 98.8%, both quarterly highs for the operation under our ownership. Solid operating performance at Marigold produced 52,968 ounces of gold. Stacked 6.4 million tonnes of ore at a higher gold grade of 0.51 g/t. Total material mined was over 19 million tonnes, continuing to demonstrate strong and efficient operating practices.
Improved production at Puna Increased silver mill feed grade and recovery led to 1.7 million ounces of silver production. Ore mined was significantly higher than ore milled, increasing the ore stockpile in advance of the rainy season. Consolidated 100% ownership in Puna completed acquisition of the remaining 25% interest in Puna Operations leading to immediate increase in silver production profile and improved operational flexibility.
Paul Benson, President and CEO said, "During the third quarter, we delivered over 100,000 gold equivalent ounces from our three operations, with each mine achieving solid production results and operating performance. Each operation continues to track well against our improved production guidance for the year, positioning us to meet or exceed consolidated production guidance for the eighth consecutive year."
In the third quarter of 2019, the Marigold mine produced 52,968 ounces of gold, a 4% decrease from the second quarter mainly due to the stacking of ore on higher areas of the leach pads, resulting in a longer leach time. Gold sales totaled 50,650 ounces, 15% lower than the previous quarter, due to lower gold production and a significant inventory drawdown in the second quarter.
