SSR Mining Extends Marigold Mine Life to 20 Years with 43% Reserve…

Event summary

SSR Mining's Marigold Gold Complex in Nevada now has a 20-year life of mine, supported by a 4.6 million ounce mineral reserve, a 43% increase from 2025.
Average annual gold production is projected at 231,000 ounces from 2027 to 2031, with an after-tax NPV5% of $3.3 billion at consensus gold prices.
The plan includes the maiden life of mine plan for the Buffalo Valley project, with first production expected in 2029.
Growth capital investment over the life of mine totals $542 million, including fleet additions and heap leach facility development.

The big picture

SSR Mining's extended life of mine plan for Marigold underscores the strategic importance of organic growth in the gold mining sector. With multi-decade assets and significant Mineral Resource bases, the company is positioning itself to sustain production and create long-term value for shareholders. The plan also highlights the critical role of capital investment in maintaining operational flexibility and reliability in a volatile commodity market.

What we're watching

Execution Risk: Whether SSR Mining can deliver on the expanded production targets and manage the $542 million in growth capital investments effectively.
Market Dynamics: How the extended mine life and increased reserves will position SSR Mining in the competitive U.S. gold mining landscape.
Strategic Flexibility: The pace at which SSR Mining can convert the additional 1.7 million ounces of Indicated Mineral Resources into Mineral Reserves.