Silver Standard ramps up Seabee Gold production

 

  • 13 Oct 2016
  • The StarPhoenix
  • ALEX MACPHERSON

Silver Standard ramps up Seabee Gold production

Silver Standard Resources Inc.’s experiments with higher milling rates allowed the company to boost its third quarter gold production at the Seabee Gold Operation by 14.9 per cent despite an unplanned three-day power outage.

The Vancouver-based mining company said in a news release that its northern Saskatchewan gold mine churned out 20,142 ounces of gold in the third quarter, up from 17,542 in the second quarter and 15,722 in the third quarter of 2015.

“Pleasingly, we were able to start our Operational Excellence program at Seabee and saw some immediate results,” Silver Standard president and chief executive Paul Benson said.

That program involved testing higher mill “throughput” rates, which resulted in a 15 per cent increase in ore processing capacity this quarter. The company said it is reviewing its plans to determine if the higher rates are sustainable in the long term.

Silver Standard, which also operates precious metals mines in Argentina and Nevada, completed its friendly takeover of Claude Resources Inc. in May, paying the equivalent of $450 million for Saskatchewan’s only gold mining company.

Last week, the company said it was ramping up its gold exploration program near the Seabee Gold Operation, which consists of two producing mines and is about 125 kilometres northeast of La Ronge.

 

 

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on October 13, 2016, in other minerals. Bookmark the permalink. Leave a comment.

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