These standards differ significantly from the requirements of the SEC set out in SEC Industry Guide 7.

The in-pit tailings pumping system was commissioned during the quarter and tailings deposition to the pit is ongoing. Carver is our Chief Geologist at the Marigold mine. Activities in these areas have the potential to discover additional Mineral Resources due to their proximity to existing Mineral Resources. Please see "Cautionary Note Regarding Non-GAAP Measures". For the full year 2019, we expect: Capitalized Stripping / Capitalized Development. SSR Mining has an experienced leadership team with a proven track record of value creation. In addition, the SEC's disclosure standards normally do not permit the inclusion of information concerning "Measured Mineral Resources," "Indicated Mineral Resources" or "Inferred Mineral Resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. See "Cautionary Note Regarding Non-GAAP Measures". Gold equivalent figures for our 2019 operating guidance are based on a gold-to-silver ratio of 81:1. VANCOUVER, May 14, 2020 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") reports consolidated financial results for the first quarter ended March 31, 2020. Gold sales totaled 55,517 ounces, 10% higher than the previous quarter as we sold bullion inventory accumulated in the fourth quarter of 2018. Seabee September 2017 Preliminary Economic Assessment Highlights: The Seabee Preliminary Economic Assessment is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the Seabee Preliminary Economic Assessment will be realized. Processing unit costs were 6% lower in the first quarter due to a 17% reduction in cyanide costs that resulted from the start up of a new leach pad. Based on the mid-points of guidance, on a consolidated basis we expect to produce 395,000 gold equivalent ounces in 2019 at gold equivalent cash costs of $700 per payable ounce sold. As a result, the Pirquitas mill will predominantly process stockpiled Chinchillas ore into the third quarter of 2019, with ore mined in 2019 principally supplying the Pirquitas mill in the fourth quarter of 2019. SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75%-owned and operated Puna Operations joint venture in Jujuy, Argentina. For 2019, the Seabee Gold Operation planned 45,000 meters of underground drilling and 23,000 meters of surface drilling with the objective to increase and convert Mineral Resources into Mineral Reserves near the Santoy Mine. VANCOUVER, May 9, 2019 /CNW/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") reports consolidated financial results for the first quarter ended March 31, 2019. The conference call will be archived and available on our website. Both the Seabee Gold Operation and Puna Operations had higher sales at lower unit costs while the Marigold mine had higher gold sales at higher unit costs.

Silver sales totaled 0.9 million ounces as concentrate shipments commenced later in the quarter.
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A total of 27,999 ounces were sold at an average realized gold price of $1,302 per ounce during the first quarter of 2019, 29% higher than the 21,711 ounces of gold sold in the fourth quarter of 2018, at an average realized gold price of $1,236 per ounce of gold. Cash used in operating activities in the quarter was $0.3 million compared to $11.0 million generated in the first quarter of 2018. This work comprised 12 core holes for 4,893 meters. We expect that these results will increase Mineral Resources for Gap HW once compiled with our existing drill data. In 2019, the four operating assets produced over 720,000 ounces of gold and 7.7 million ounces of silver. Under SEC standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically produced or extracted at the time the reserve determination is made. Lower unit costs more than offset lower grades processed. We are committed to delivering safe production through relentless emphasis on Operational Excellence. Gold mill feed grade was 8.59 g/t, in line with plan.

The new tailings pump system at the Pirquitas mill was completed during the quarter. This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including cash costs and AISC per payable ounce of precious metals sold, realized metal prices, adjusted attributable income (loss) before tax, adjusted attributable income tax (expense), adjusted net income (loss), adjusted attributable basic earnings (loss) per share and working capital. The Seabee mill facility produces gold doré bars that are shipped to a third party refinery. There was an error processing your request.
All Rights Reserved. SSR Mining's diversified asset portfolio is comprised of high margin, long-life assets along several of the world's most prolific precious metal districts including the Çöpler mine along the Tethyan belt in Turkey; the Marigold mine along the Battle Mountain-Eureka trend in Nevada, USA; the Seabee mine along the Trans-Hudson Corridor in Saskatchewan, Canada; and  the Puna mine along the Bolivian silver belt in Jujuy, Argentina. This page contains forward-looking statements. We plan to commence this drilling in the second quarter of 2019. For a full description of the 2019 Notes see the "Capital Resources" discussion in Section 5 of our MD&A. Silver production was 2.4 million ounces for the quarter, an increase of 101% relative to the fourth quarter of 2018, mainly due to higher silver mill feed grade and silver recovery, as ore was sourced exclusively from the Chinchillas mine. Data for zinc production and sales relate only to zinc in zinc concentrate. Non-GAAP financial measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures reported by other companies. This reduction in costs offset the 3% reduction in ore tonnes stacked.


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