Pirquitas Silver Mine In Production

 

VANCOUVER, BC - Silver Standard Resources Inc. reported on progress and expected production levels for 2010 at its wholly-owned Pirquitas Mine in Argentina which achieved commercial production effective December 1, 2009.

The mine is operating as planned and the mill continues to process oxide and transitional ore until the sulphide ore currently being exposed from the open pit is processed starting in the first quarter of 2010. Due to the transition from oxide and transitional ore to sulphide ore in the first quarter, the company estimates full year production of silver to be 7 million ounces, and tin production to be 2 million pounds. Average operating costs for 2010 are expected to be approximately US$9.00 per ounce of silver net of tin credits. The company expects to achieve name plate production levels of approximately 8 to 10 million ounces of silver per year starting in 2011. Costs per ounce of silver are expected to decline as silver production increases.

The company’s address is 999 West Hastings Street, Suite 1400, Vancouver, BC V6C 2W2, 604-689-3846, fax: 604-689-3847.