SSR unveils 20-year Marigold plan with 50% production boost - Mining.com.au

AI desk brief

SSR Mining has released a new 20-year plan for its Marigold Gold Complex in Nevada that lifts life-of-mine gold production by more than 50%, with average output projected at 231,000 oz/yr in the first five years and around 201,000 oz/yr through 2040. Average production over the full mine life is estimated at 169,000 oz/yr, supported by a 43% reserve increase to 4.6Moz and a maiden 700,000 oz reserve at Buffalo Valley, where first production is targeted for 2029.

The company values the updated plan at an after-tax NPV of US$3.3bn using a consensus gold price of US$3,948/oz, with total life-of-mine capex of about US$1.39bn, including US$669m of sustaining capital. Marigold also has 1.7Moz of indicated resources and 300,000 oz of inferred resources outside the current reserve base, indicating further upside to long-dated US gold supply.