Track Record of Growth and Performance

Marigold is located in Humboldt and Lander County, Nevada, United States on the Battle Mountain-Eureka trend. SSR Mining completed the acquisition of Marigold on April 4, 2014 and published an updated technical report in July 2018.

In production since 1989, Marigold is a large run-of-mine heap leach operation with several open pits, waste rock stockpiles, leach pads, a carbon absorption facility, and a carbon processing and gold refining facility. Currently the mine utilizes a fleet of 290-tonne haul trucks and three loading units. The gold doré bars produced at the mine are shipped to a third party refinery.

Highlights of Marigold include:

  • Mineral Reserves: Probable Mineral Reserves of 3.4 million ounces of gold at an average grade of 0.49 g/t and 0.3 million ounces of gold in leach pad inventory, as at December 31, 2020.
  • Potential for mine life extension: Indicated Mineral Resources of 5.1 million ounces of gold at an average grade of 0.47 g/t and 0.3 million ounces of gold in leach pad inventory. Inferred Mineral Resources of 0.3 million ounces of gold at an average grade of 0.36 g/t. Mineral Resources are as at December 31, 20201.
  • Delivered record annual gold production: Production of 234,443 ounces of gold in 2020 was a record for the mine’s 32 year history.
  • Marigold operating outlook:The 2018 life of mine plan for Marigold featured over 10 years of mining to 2028 and gold production through to 2032, including average annual production of 236,000 ounces of gold in the first six years.
  • Near-mine Exploration Ongoing: Total exploration expenditures at Marigold in 2021 are estimated at $18 million, targeting oxide Mineral Resource additions and conversion at Mackay, Valmy, New Millennium, and Trenton Canyon.

Greg Gibson, SME Registered Member and our General Manager at Marigold, and James N. Carver, SME Registered Member and our Chief Geologist at Marigold, each of whom is a qualified person, have reviewed and approved the foregoing disclosure on Marigold. Please refer to the technical report entitled "NI 43-101 Technical Report on Marigold, Humboldt County, Nevada, USA" dated July 31, 2018 with an effective date of December 31, 2017, a link to which is provided below. Please also refer to our news release outlining the updated life of mine plan for Marigold, dated June 18, 2018.

1Mineral Resources are reported inclusive of Mineral Reserves. Please refer to our Mineral Reserves and Resources Table.

This page contains forward-looking statements. Please see the following link: Legal.