Ha chiuso la settimana della trimestrale, a $ 29.60.
Outlook
Our production guidance and cost estimates for 2011 are as follows:
-- Produce 8.5 million ounces of silver in 2011
-- Produce 10.0 million pounds of zinc in 2011
-- We will advise through 2011 progress on the tin circuit
-- Average cash production cost of $9.00 per ounce of silver (net of by-
product credits)
-- Average cash operating cost of $15.00 per ounce of silver
-- Average total production cost of $19.00 per ounce of silver
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/01/11)
- Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) -
Highlights:
(All figures are in U.S. dollars unless otherwise noted)
--
Net earnings of $346.2 million or $4.44 per share compared to a net loss
of $13.2 million or ($0.19) per share in 2009.
-- Pirquitas milled 1.26 million tonnes of ore in 2010 with silver grades
of 233 grams/tonne at recoveries of 65.2% producing a total of 6.30
million ounces of silver.
We sold 5.94 million ounces at a weighted
average silver price of $20.92 per ounce for total revenues of $112.3
million.
-- Pirquitas mined a continuous feed of sulphide ores from September 2010
until the end of the year, with silver and zinc recoveries achieving
designed rates.
-- The Pirquitas mine generated positive earnings from mine operations of
$10.0 million.
-- On December 21, 2010 we completed the sale of our 100% interest in the
Snowfield and Brucejack properties to Pretium Resources Inc. ("Pretium")
for total consideration of $442.3 million (C$450.0 million). After the
conversion on January 31, 2011 of the balance of the convertible
promissory note issued by Pretium, we had received from the transaction
gross cash proceeds of $229.3 million (C$233.0 million), and a total of
36.16 million shares of Pretium, representing a 42.31% equity interest.
-- On February 28, 2011, we reached an agreement to acquire the remaining
interest in the San Luis project from our joint venture partner
Esperanza Resources Corp. ("Esperanza"). Upon completion of the
acquisition we will own 100% of the project. Under the terms of the
agreement we will pay C$17 million in cash, transfer to Esperanza the
6.459 million shares of Esperanza that we own, and grant to Esperanza a
1% net smelter return royalty on future revenues.
-- We incurred total exploration and development expenditures of $54.8
million to advance our growth and exploration properties during the
year.
-- In June we completed a feasibility study at the San Luis project in Peru
and submitted the environmental and social impact study to Peruvian
authorities in October.
--
In February we closed a public share offering of 6.73 million common
shares at a price of $17.00 per share, for aggregate proceeds of $114.4
million.
-- Effective August 6, 2010, John Smith was appointed President and Chief
Executive Officer.
Silver Standard Reports Fourth Quarter and Year-End 2010 Results - Yahoo! Finance
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