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Silver Standard Resources: Marigold Produces Its Three Millionth Gold Ounce

The following excerpt is from the company's SEC filing.

VANCOUVER, B.C. -- Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) announces that its Marigold mine passed a major milestone with the production of its three millionth ounce of gold on October 6, 2015. The Marigold mine has been in continuous operation since 1988 and is forecast to produce between 195,000 and 205,000 ounces of gold this year at cash costs below $750 per ounce.

Paul Benson, President and CEO said, “Three million ounces of gold from continuous production at Marigold is a testament to the scale and quality of the deposit and the commitment of the Marigold team. Sinc e the mine began operating in 1988, it has consistently replaced Mineral Reserves and Mineral Resources and today it has similar mine life as when it opened. We are advancing several exploration targets and the Marigold assay program, which have the potential to increase production throughout the planned mine life and to add to Mineral Resources. The team remains focused on efficient, reliable and safe production at the lowest possible cost and we continue to advance our exploration and operational excellence programs to drive shareholder value.”

SOURCE: Silver Standard Resources Inc.

For further information contact:

W. John DeCooman, Jr.

Vice President, Business Development and Strategy

Vancouver, BC

N.A. toll-free: +1 (888) 338-0046

All others: +1 (604) 689-3846


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Cautionary Note Regarding Forward-Looking Statements:

This news release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”) concerning the anticipated developments in our operations...