In its Q2 2014 update, Silver Standard Resources officials reported that it had completed the Marigold mine acquisition in Nevada amid production of 2 million oz of silver and 9.3 million lb of zinc from its Pirquitas asset in Argentina. The Nevada project exceeded gold production forecasts, meanwhile, at 22,060 gold oz, 10% higher than Q2’s guidance of 20,000 oz, according to company officials.
“The second quarter of 2014 marks a new era for Silver Standard as a multi-mine producer with the integration of our Marigold mine in Nevada complete,” said John Smith, president and CEO, Silver Standard Resources. “Our focus at Marigold is on developing our life of mine plan and implementing operational changes to move material at the lowest cost. At Pirquitas, silver and zinc production was delivered on schedule and we continue to focus on cost management activities.” The company is on track to deliver on its 2014 annual guidance.