USD $4,127.96
Goldman Milestone achieved after 35 years of continuous operations at the Marigold Mine.
SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) has announced a significant milestone for the Marigold Mine, which reached 5 million ounces of gold production on December 30, 2024. The mine has been in continuous operation for over 35 years and has produced more than 2 million ounces of gold since SSR Mining acquired the asset in 2014. In 2023, Marigold achieved a record annual output of 278,000 ounces.
As of December 31, 2023, the Marigold Mine hosted nearly 3 million ounces of Mineral Reserves, providing an estimated mine life of at least nine years. In 2024, SSR Mining targeted approximately $10 million in growth expenditures at Marigold to support mine life extension projects, including developments at the Buffalo Valley project.
Rod Antal, Executive Chairman of SSR Mining, said:
We are very proud of the Marigold team for this significant milestone. Producing five million ounces of gold over 35 years of continuous operations is a testament to the quality of the Marigold mine and its team. Of note, Marigold still hosted nearly 3 million ounces of Mineral Reserves as of December 31, 2023, supporting a mine life of at least 9 years. In 2024, we targeted approximately $10 million in growth expenditures at Marigold as we continue to invest meaningfully in mine life extension opportunities at the mine, including at the Buffalo Valley project. We look forward to many more years of safe, responsible and successful operations at Marigold going forward.
