High Grade Underground Mine

Seabee is located in Northern Saskatchewan, Canada approximately 125 kilometers northeast of the town of La Ronge. The Santoy underground mine has been in continuous commercial production since 2014. Commercial production at the Seabee underground mine commenced in 1991 and exhausted Mineral Resources in 2018. All ore is processed at the Seabee mill facility, which has been in operation since 1991. The Seabee mill facility produces gold doré bars that are shipped to a third party refinery. Access to the mine site is by fixed wing aircraft to a 1,275-meter airstrip located on the property. Equipment and large supplies are transported to the site via a 60-kilometer winter ice road, which is typically in use from January through March.

SSR Mining acquired Seabee on May 31, 2016 as a result of our acquisition of Claude Resources Inc. Since 2016, SSR Mining’s growth and development strategy has been to increase production by optimizing the milling and mining processes and exploring new mill feed sources.

Highlights of Seabee include:

  • Mineral Reserves: Proven and Probable Mineral Reserves of 493,000 ounces of gold at an average grade of 9.83 g/t as at December 31, 2020.
  • Potential for mine life extension: Measured and Indicated Mineral Resources of 1,003,000 ounces of gold at an average grade of 10.38 g/t. Inferred Mineral Resources of 507,000 ounces of gold at a grade of 7.77 g/t. Mineral Resources are as at December 31, 20201.
  • Exploration potential: Seabee has successfully replaced gold reserves over the mine’s 25 year operating life, and current exploration programs are designed to support Seabee’s continuation into the next decade. The exploration team is currently focused on new reserve definition at the Gap Hanging Wall, initial resource definition at the Santoy Hanging Wall and continued exploration drilling at the Joker target. In addition, SSR Mining continues exploration on the 80% SSR Mining owned Fisher Properties, located immediately to the south of the Seabee claims.

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

This page contains forward-looking statements. Cash costs and all-in sustaining costs (AISC) per payable ounce of gold sold are non-GAAP financial measures. Please see the following link: Legal.