Puna

Large-scale silver producer

Puna (100% SSR owned) is comprised of the Chinchillas mine and the Pirquitas property, which includes the Pirquitas processing facilities. Puna is located in the Jujuy Province, Argentina.

The Chinchillas mine is a silver-lead-zinc deposit, which achieved commercial production in December 2018. It is expected to supply ore to the Pirquitas processing facilities over an 8-year active mining period. Open pit mining is conducted using conventional drill, blast, truck and loading operations. The ore is transported 40 kilometers to the Pirquitas processing facilities, which produce a silver-lead concentrate and a zinc concentrate that are shipped to international smelters.

The Pirquitas processing facilities have been in commercial production since 2009, processing ore from the San Miguel open pit, which concluded mining activities in January 2017 and currently hosts the tailings deposit facility.

Highlights of the operation include:

  • Mineral Reserves: Proven and Probable Mineral Reserves of 38.9 million ounces of silver at an average grade of 159.3 g/t as at December 31, 2021.
  • Potential for mine life extension: Measured and Indicated Mineral Resources of 19.5 million ounces of silver at an average grade of 100.8 g/t. Inferred Mineral Resources of 540,000 ounces of silver at an average grade of 101.9 g/t as at December 31, 20211.
  • Delivered strong annual silver production: Produced 8.0 million ounces of silver in 2021 at mine site *AISC of $12.40 per payable ounce of silver sold.
  • Puna operating outlook: The 2021 SK1300 Technical Report Summary life of mine plan for Puna featured 5 years of mining to 2026 including average annual production of 7.0 million ounces of silver over the first 5 years.
  • Exploration potential: The puna operation features opportunities for mine life extension, including the potential for in-pit Mineral Reserve and Resource growth at the Chinchillas pit, potential for near-mine Mineral Reserve and Resource growth at the Cortaderas target, and greenfield exploration targeting across the regional Puna land package.

The scientific and technical information concerning our mineral projects on SSR Mining’s website have been reviewed and approved by a “qualified person” under S-K 1300. For details on the “qualified persons” approving such information, a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources for SSR Mining Inc.’s material properties included on the SSR Mining website, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company’s material properties which are available at www.sec.gov.

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

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

* AISC is a non-GAAP metric which is customary in the mining industry, but for which there is no standardized definition or comparable financial measure under U.S. GAAP. As a result, we have not identified a comparable financial measure calculated under U.S. GAAP.

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