SSR Mining Inc.’s Marigold mine has achieved another major milestone with the production of its 4 millionth ounce of gold on June 30. The Marigold mine has been in continuous operation for more than 30 years and produced a record 220,227 ounces (oz) of gold in 2019.
“Four million oz of gold from continuous production is a testament to the scale and quality of the Marigold deposits and the commitment of the Marigold team,” President and CEO Paul Benson said. “Since the mine began operating in 1989, it has consistently replaced mineral reserves and mineral resources and today it has a longer mine life than when it opened.
“We are advancing several exploration targets across our Marigold, Valmy and Trenton Canyon land packages, which have the potential to increase mineral resources. With the recent promising sulphide ore intercepts at Trenton Canyon, the Marigold mine continues to demonstrate its exploration potential and longevity.”
Additionally, SSR Mining is increasing its Marigold 2020 exploration expenditures to $14 million, a $2 million increase, to accelerate reverse circulation and diamond drilling at the Trenton Canyon sulphide gold discovery.