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SSR Mining's Q3 gold equivalent production climbs QOQ

SSR Mining Inc. said it produced over 100,000 gold equivalent ounces in the third quarter from its Marigold mine in Nevada, Seabee mine in Saskatchewan and Puna mine in Argentina.

Production in the second quarter totaled 98,000 gold equivalent ounces.

Gold output at the Marigold mine slipped 3.6% from the second quarter to 52,968 ounces, and gold sales dropped 15.2% quarter over quarter to 50,650 ounces.

The Seabee operations achieved record gold production in the third quarter of 32,345 ounces, a 21.9% increase quarter over quarter, while sales jumped 16.5% to 28,278 ounces on a quarterly basis.

Third-quarter silver production from the Puna operations climbed 12% over the second quarter to 1.7 million ounces mainly due to higher mill throughput and silver mill feed grade.

Silver sales at Puna plummeted 43.8% quarter over quarter to 1.5 million ounces.

The company recently closed the acquisition of the remaining 25% interest in the Puna mine from Golden Arrow Resources Corp. for about US$34 million.