Marigold Produces Four Millionth GOLD Ounce; 2020 Exploration Budget Increased
News Release 20-20
SSR Mining Inc. PHONE +1 604.689.3846 Suite 800 - 1055 Dunsmuir Street
www.ssrmining.com TOLL FREE +1 888.338.0046 PO Box 49088
Vancouver, BC, Canada V7X 1G4
July 6, 2020
MARIGOLD PRODUCES FOUR MILLIONTH GOLD OUNCE;
2020 EXPLORATION BUDGET INCREASED
VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining” or the
“Company”) is pleased to announce that our Marigold mine achieved another major milestone
with the production of its four millionth ounce of gold on June 30, 2020. The Marigold mine has
been in continuous operation for more than 30 years and produced a record 220,227 ounces of
gold in 2019.
Paul Benson, President and CEO said, “Four million ounces of gold from continuous production
is a testament to the scale and quality of the Marigold deposits and the commitment of the
Marigold team. Since the mine began operating in 1989 , it has consistent ly 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 reported in our press release dated May 14, 2020..
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including
the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada
and Puna Operations in Jujuy, Argentina. We also have two feasibility st age projects and a
portfolio of exploration properties in North and South America. We are committed to delivering
safe production through relentless emphasis on Operational Excellence. We are also focused on
growing production and Mineral Reserves through the exploration and acquisition of assets for
accretive growth, while maintaining financial strength.
SOURCE: SSR Mining Inc.
SSR Mining Inc.
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For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: [email protected]
To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website
at www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws and forward-
looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively,
“forward-looking statements”) concerning the anticipated developments in our operations in future periods, and other
events or conditions that may occur or exist in the future. All statements, other than statements of historical fact, are
forward-looking statements. Generally, forward-looking statements can be identified by the use of words or phrases
such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “assumes,” “intends,” “strategy,” “goals,” “objectives,”
“potential,” “believes,” or variations thereof, or stating that certain actions, events or results “may,” “could,” “would,”
“might” or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The
forward-looking statements in this news release relate to, among other things: our ability to define additional Mineral
Resources at the Marigold mine and the Valmy and Trenton Canyon projects ; ; the impact of the COVID-19 outbreak
on our business and financial condition, including the temporary suspension of operations at the Seabee Gold
Operation; our exploration expenditure guidance; and our plans and expectations for our properties and operations .
These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those expressed or implied, including, without limitation, the
following: uncertainty of production, development and exploration plans and cost estimates for the Marigold mine, the
Seabee Gold Operation, Puna Operations and our projects, including as a result of COVID -19; the duration of the
suspension of operations at the Seabee Gold Operation and Puna Operations, and the development and
implementation of plans to resume operations; disruptions to our supply chain, customers and workforce due to the
COVID-19 outbreak; the responses of the relevant governments to the COVID -19 outbreak not being sufficient to
contain the impact of the COVID-19 outbreak; an economic recession or downturn as a result of the COVID-19 outbreak
that materially adversely affects our operations or liquidity position; and those various risks and uncertainties identified
under the heading “Risk Factors” in our most recent Annual Information Form filed with the Canadian securities
regulatory authorities and included in our most recent Annual Report on Form 40-F filed with the U.S. Securities and
Exchange Commission. Our forward -looking statements are based on what our management considers to be
reasonable assumptions, beliefs, expectations and opinions based on the information currently available to it. We
cannot assure you that actual events, performance or results will be consistent with these forward-looking statements,
and management’s assumptions may prove to be incorrect. Our forward-looking statements reflect current expectations
regarding future events and speak only as of the date hereof and we do not assume any obligation to update forward-
looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as
required by applicable law. For the reasons set out above, you should not place undue reliance on forward-lo oking
statements.
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting
standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with
National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed
by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral projects. These standards differ significantly from the
requirements of the SEC set out in SEC Industry Guide 7. Consequently, Mineral Reserves and Mineral Resources
information included in this news release is not comparable to similar information that would generally be disclosed by
domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. 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.
SSR Mining Inc.
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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. U.S. investors should understand that “Inferred Mineral Resources” have a great amount of uncertainty as to their
existence and great uncertainty as to their economic and legal feasibility. Moreover, the requirements of NI 43-101 for
identification of “reserves” are also not the same as those of the SEC, and reserves reported by us in compliance with
NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits
set forth herein may not be comparable with information made public by companies that report in accordance with U.S.
standards.