SSR Mining Celebrates 5m Ounces of Gold from the Marigold Mine in Nevada
The Marigold Mine has reached a glittering milestone—5 million ounces of gold produced since its inception. SSR Mining Inc. celebrated this remarkable achievement on December 30, 2024, spotlighting the mine’s 35-year legacy of continuous operation. Since acquiring Marigold in 2014, SSR Mining has ramped up production significantly, including a record-breaking 278,000 ounces in 2023 alone.
But this isn’t just a story about numbers. It’s a testament to perseverance, innovation, and the expertise of the Marigold team, whose commitment has kept the mine thriving through decades of challenges and opportunities.
A Legacy Forged in Gold
The Marigold Mine, nestled in Nevada’s gold-rich heartlands, has become a cornerstone of SSR Mining’s operations. Acquired by the company in 2014, the mine has contributed over 2 million ounces of gold under SSR Mining’s stewardship.
The mine’s history spans more than three decades, demonstrating its staying power in an industry often marked by fluctuating fortunes. Its longevity is owed to not only the quality of its deposits but also the dedication of its workforce and the company’s strategic investments in innovation and sustainability.
According to Rod Antal, Executive Chairman of SSR Mining: “Producing five million ounces of gold over 35 years of continuous operations is a testament to the quality of the Marigold mine and its team.”
Reserves to Sustain the Future
Even after this milestone, Marigold isn’t slowing down. As of December 31, 2023, the mine held nearly 3 million ounces of Mineral Reserves, ensuring a robust future. These reserves translate to a minimum of nine more years of operational life, with the potential for extensions.
SSR Mining’s targeted $10 million investment in growth expenditures for 2024 underscores its confidence in Marigold’s potential. Projects like Buffalo Valley are poised to unlock even more opportunities for extending the mine’s lifespan.
This strategy, focused on responsible and sustainable operations, ensures that Marigold will continue to shine in SSR Mining’s portfolio.
The Human Element Behind the Success
Numbers tell only part of the story. At the heart of Marigold’s success lies its dedicated team. Over the years, the mine’s workforce has exemplified resilience, adapting to technological shifts and overcoming industry challenges.
Safety has remained a cornerstone of operations, with SSR Mining upholding rigorous standards to protect workers and the environment. This commitment has been integral to sustaining production and securing the mine’s future.
As Antal highlighted: “We look forward to many more years of safe, responsible, and successful operations at Marigold going forward.”
Innovations Driving Growth
SSR Mining’s approach to growth isn’t just about digging deeper; it’s about smarter operations. Investments in cutting-edge technology and sustainable practices have allowed Marigold to optimise production and reduce environmental impact.
From advanced mineral processing techniques to enhanced exploration methods, SSR Mining has ensured that every ounce of gold extracted is done so efficiently and responsibly. Such innovations not only maximise profitability but also align with the growing demand for sustainable mining practices.
Beyond the Ounces
Marigold’s contributions extend beyond gold bars and market values. The mine has had a significant economic impact on the local community, providing jobs, supporting local businesses, and contributing to regional development.
By investing in growth projects and sustainability initiatives, SSR Mining has reinforced its commitment to leaving a positive legacy in the areas it operates. This balanced approach ensures that Marigold’s story is as much about community and responsibility as it is about gold production.
A Shiny Outlook
Reaching 5 million ounces of gold production is no small feat, but SSR Mining is looking to the future with optimism. With nearly 3 million ounces in reserves, strategic growth projects, and a dedicated team at the helm, Marigold is well-positioned to keep delivering value for years to come.
This milestone is more than a number—it’s a symbol of what’s possible when innovation, commitment, and vision come together. For SSR Mining and the Marigold team, the future glimmers with potential.
