Sponsored by Express Gold Refining
SSR Mining Inc. has announced a significant achievement at its Marigold Mine in Nevada, reaching a cumulative production of 5 million ounces of gold as of December 30, 2024. This milestone underscores the mine’s enduring productivity and SSR Mining’s effective operational strategies.
Established in 1989, the Marigold Mine has maintained over 35 years of uninterrupted production. Since SSR Mining’s acquisition in 2014, the mine has yielded more than 2 million ounces of gold, including a record 278,000 ounces in 2023. This consistent output highlights the mine’s robust infrastructure and the company’s commitment to operational excellence.
Current Reserves and Future Prospects
As of December 31, 2023, Marigold’s probable mineral reserves are estimated at 2.6 million ounces of gold, with an average grade of 0.47 grams per tonne, and an additional 0.3 million ounces in leach pad inventory. These reserves support a projected mine life of at least nine more years, ensuring sustained production and economic benefits for the region.
SSR Mining has demonstrated a commitment to extending Marigold’s operational lifespan through strategic investments. In 2024, the company allocated approximately $10 million towards growth expenditures at the mine, focusing on projects such as the Buffalo Valley initiative.
Additionally, ongoing exploration efforts aim to identify new mineralization zones, potentially enhancing the mine’s resource base and production capabilities.
Technological Advancements and Operational Efficiency
The success at Marigold can be attributed to SSR Mining’s integration of advanced technologies and efficient mining practices. The mine employs standard open-pit mining methods, including drilling, blasting, loading, hauling, and dumping, complemented by heap leach processing techniques. This approach has enabled the company to maintain competitive life-of-mine cash costs and all-in-sustaining costs, ensuring profitability even amidst fluctuating gold market prices.
Community Engagement and Environmental Stewardship
Beyond production metrics, SSR Mining places a strong emphasis on community engagement and environmental responsibility. The company has implemented comprehensive corporate responsibility programs, focusing on sustainable development, environmental protection, and fostering positive relationships with local communities. These initiatives are integral to the company’s operational philosophy and contribute to its long-term success.
The achievement of 5 million ounces of gold production at the Marigold Mine marks a significant milestone for SSR Mining Inc. This accomplishment reflects the company’s effective management, strategic investments, and commitment to sustainable and responsible mining practices. With substantial reserves and ongoing exploration efforts, Marigold is well-positioned to continue its legacy of production, contributing to the economic vitality of the region and the broader mining industry.
