SSRM /silver standard ressources / fil dédié

Oui ca montre que personne n est pas parfait
sauf l hercule le turin et la semeuse ...
le franc quoi lol
les indices sont vraiment mal barrées ...
c le moment ou jamais pr savoir si les mines vont decrocher ou se demarquer des indices ...
les mat premieres elles ont clairement montré la voie ....
meme si ca risque de se calmer à ct ..
voir edito des mat prem de agora ...qui le pressent

... à 195 Moz d'ag et du même coup pour les métaux liés : étain +41% à 160 Mlb, zinc +32% à 548 Mlb.


http://biz.yahoo.com/iw/080514/0396960.html

C'est en voyant ce genre de tableau de teneurs (qui sont bien plus que respectables) qu'on mesure à quel point FAN est phénoménale.

en ces temps de panique les fondamentaux ne comptent plus.
Cela faisait partie de mes craintes et j’avais malheureusement raison.
les petits porteurs larguent, les HF larguent (une bonne moitié d’entre eux si ce n’est plus sont amenés à faire faillite. ) Ssri ou Goldcorp sont de grosses boites, elles s’en sortiront sans doute, les grosses sudafs aussi...
par contre pour les juniors ça va être très dur...

Résultats Q3.08 positifs et jolis résultats de forages

http://biz.yahoo.com/iw/081105/0449403.html

http://finance.yahoo.com/news/Silver-Standard-announces-prnews-14443635.html

ouverture séance à -9%, actuellement 16.95 $ ... MM type 17.69 cassée down ..

nos allégements vont enfin se révéler payants ... YESS

ps: AK à 17 $

ça explique la superf du jour ..

http://finance.yahoo.com/news/Silver-Standard-Resources-iw-3626902367.html?x=0&.v=1

modalités non précisées

http://www.reuters.com/article/idAFN1111642520100211?rpc=44

Silver Standard seeks $100 mln in share offering

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Silver Standard Resources Inc.
SSO.TO
$20.75
-0.55-2.58%
12:00am GMT+0200


Silver Standard Resources Inc.
SSRI.O
$20.24
-0.33-1.60%
12:00am GMT+0200









Thu Feb 11, 2010 5:34pm EST
* Proceeds to be used to fund exploration, working capital * Underwriters have option for additional shares (In U.S. dollars unless noted)TORONTO Feb 11 (Reuters) - Silver Standard Resources Inc(SSO.TO) (SSRI.O), which owns the Pirquitas silver mine inArgentina, said on Thursday it plans a common stock offeringworth $100 million. Vancouver-based Silver Standard said it would use theproceeds from the offering, led by UBS Securities Canada, tofund exploration, for working capital, and to pay down debt. Underwriters have an option to buy additional common sharesfor gross proceeds of up to approximately $15 million. The pricing of the offering was not disclosed. Silver Standard shares closed 0.68 percent higher atC$19.23 in Toronto on Thursday. On Nasdaq, the shares closed up1.79 percent at $18.30. The company, which also has projects in Mexico and Peru,has gone to market to sell stock on several occasions over thepast year as it raises development capital. Silver Standard started production on its Pirquitas silvermine in Argentina this year. The mine produced 1.1 million ounces of silver in 2009.Production in 2010 is planned to be 7 million ounces of silverat an average operating cost of $9.00 an ounce, net ofbyproduct credits, the company said this week. ($1=$1.05 Canadian) (Reporting by Pav Jordan; editing by Rob Wilson)

si : à 17 USpesos ; ça fera presque 6 Millions d'actions en plus, presque 10% de dilution. Le cours chute pour s'aligner.

si on était dans une bonne saison, j'en reprendrais bien, mais...

exact, merci Dup

InPlay: Silver Standard has priced its previously announced public offering of common shares, the co will issue 5,882,353 common shares at a price of $17.00, for aggregate gross proceeds of approx $100 mln

source casey report:

Citation :

Silver Standard: If you missed our comments on the portfolio page on January 21, CEO and Explorers’ League honoree Robert Quartermain abruptly resigned from the company. We put a Hold on the stock at the time until we could better determine the reasons behind his sudden departure and ascertain what it meant for the future of the company and for us as shareholders.
The conversations we have had with our contacts in the industry leave us uncomfortable with the circumstances under which Bob left. While he is admittedly more an explorer than a mine builder, the hasty nature of the departure is telling. Second, we don’t know the interim CEO, and perhaps more importantly, don’t know who the replacement will be. This uncertainty is not exactly comforting. Third, all this occurs while the company is struggling to become a profitable producer, something they have not yet accomplished.
The message this sends about current management is not positive. The first pillar of Doug’s 8 P’s is People, and that is now the weak link with SSRI. Bob Quartermain was a big reason we owned the stock, and that reason is now gone. While the company has large silver reserves, operating profitably comes down to management, and we frankly don’t know if they will deliver or not. If we evaluated the company from scratch today, we’d pass on this basis alone.
CHANGE IN RECOMMENDATION: CLOSING POSITION. With most of the immediate damage probably already done, there’s no hurry to sell, but we do think it’s time to step aside. We’re going to begin exiting our position after giving you the opportunity to do so first. For the best price, we suggest selling on days the stock is steady or strong. You might consider waiting for it to recover after the initial hit, as patience and a well-executed strategy will ultimately get you the best price.

pas glop ça ; merci pour l'info nofear !

http://finance.yahoo.com/news/Silver-Standard-Reports-iw-190863464.html?x=0&.v=1

Silver Standard Reports Fourth Quarter and Year-End 2009 Results

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SymbolPriceChangeSSO.TO

20.75	-0.55

{"s" : "sso.to,ssri","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Silver Standard Resources Inc. On Thursday March 4, 2010, 9:44 pm EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/04/10) - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) provides the following updates on the Pirquitas Mine and principal development projects and reports on headline financial results from the company's fourth quarter of 2009. Effective January 1, 2009, the company adopted the U.S. dollar as its reporting currency and all figures are in U.S. dollars, unless otherwise noted.(This news release contains forward-looking information that is subject to the risks and assumptions set out in the company's Cautionary Statements on Forward-Looking Information located on the last page of this news release.)Pirquitas MinePirquitas produced 1.1 million ounces during the year. Since December 1, 2009, the date of achievement of commercial production, the mine produced to year-end 545,600 ounces of silver at a cash production cost of $8.99 per silver ounce(1). Total cash costs, including transportation, treatment, refining, export taxes and royalties, were $16.57 per silver ounce(1). During the month, the company sold 460,100 ounces of silver at a realized price of $17.49 per ounce(1) and, after deducting treatment and refining charges, recorded revenues of $5.4 million.The plant has a crushing capacity of 6,000 tonnes per day. This feeds a pre-concentration plant that is designed to feed the mill at a rate of 3,200 tonnes per day. The mill's feasibility design capacity was exceeded in both November and December.The mill is processing transitional ore and is anticipated to process sulphide ore at full capacity during the second quarter of 2010. The tin circuit is commissioned and will be operated when suitable material is available in Q2 2010. Production in 2010 is planned to be seven million ounces of silver at an average cash production cost of $9.00 per ounce of silver net of by-product credits.Financial Results(All figures are in US dollars unless otherwise noted)

-- Silver Standard recorded a net loss of $9.1 million or $0.13 per share
for the three months ended December 31, 2009, compared to a net loss of
$14.3 million or $0.23 per share for the same period in the prior year.
Silver Standard recorded a net loss of $13.2 million or $0.19 per share
for the year ended December 31, 2009, compared to a loss of $5.9 million
or $0.09 per share in 2008.
-- For the three months ended December 31, 2009, capital expenditures at
the Pirquitas property in Argentina totalled $21.2 million including
$20.4 million for construction and mining equipment and $0.8 million
for project development costs. Mineral property expenditures totalled
$0.8 million at Pitarrilla in Mexico, $1.7 million at the San Luis
Project in Peru, and $0.3 million at the Diablillos property in
Argentina.

(1) Cash production cost per ounce and cash operating cost per ounce are
Non-GAAP measures discussed under non-GAAP financial performance
measures contained in the MD&A for the year ended December 31, 2009.

-- For the year ended December 31, 2009, capital expenditures at the
Pirquitas property in Argentina totalled $90.5 million for construction
and mining equipment and $50.1 million in development costs (project to
date of $255 million for construction and mining equipment and $79
million in development costs). Mineral property expenditures for the
year were $4.3 million at Pitarrilla; $10.3 million at the Snowfield and
Brucejack Projects in Canada; $5.4 million at the San Luis Project; and
$1.7 million at the Diablillos Project.
-- Cash and cash equivalents at December 31, 2009 were $26.7 million
compared to $72.0 million at 2008. Working capital at December 31, 2009
was $24.5 million compared to $41.5 million at December 31, 2008.
-- In November 2009, the company sold its MAV II Class A-1 and A-2 Notes
received following the restructuring of the Canadian asset-backed
commercial paper market for cash proceeds of $20.1 million.
-- In February 2010, the company completed a public offering of 6,728,755
common shares (including a partial exercise of an over-allotment option)
at $17.00 per share, for net proceeds of approximately $107.8 million
after commissions and estimated expenses.
-- In February 2010, the company sold its 100% interest in the Silvertip
Project to Silvercorp Metals Inc. Silver Standard received a total
consideration of $14.25 million for an estimated after-tax gain of $12.1
million. The sale of the Silvertip Project is part of the ongoing
rationalization of Silver Standard's portfolio of non-core assets.

---------------------------------------------------------------------------
Selected Financial Data
(US$000's, except per share amounts)
This summary of selected financial data should be read in conjunction with
the management discussion and analysis ("MD&A") of the audited consolidated
operating results and financial condition of the company for the three
months and years ended December 31, 2009 and December 31, 2008.
---------------------------------------------------------------------------
Three Months Ended Year Ended
December 31(2) December 31(2)
---------------------------------------------------------------------------
2008 2008
2009 Restated 2009 Restated
---------------------------------------------------------------------------
Loss (9,126) (14,312) (13,193) (5,946)
---------------------------------------------------------------------------
Loss per share (basic and diluted) (0.13) (0.23) (0.19) (0.09)
---------------------------------------------------------------------------
Cash used in operating activities (20,870) (57) (39,943) (19,093)
---------------------------------------------------------------------------
Cash generated by financing
activities 3,548 531 146,413 138,719
---------------------------------------------------------------------------
Cash used in mineral property costs,
property, plant and equipment (13,885) (51,262) (152,194) (169,675)
---------------------------------------------------------------------------


---------------------------------------------------------------------------
Financial Position December 31, 2009 December 31, 2008
---------------------------------------------------------------------------
Cash and cash equivalents 26,659 72,013
---------------------------------------------------------------------------
Accounts receivable 6,238 2,772
---------------------------------------------------------------------------
Marketable securities 17,863 10,923
---------------------------------------------------------------------------
Inventories 20,565 -
---------------------------------------------------------------------------
Current assets - total 75,197 86,814
---------------------------------------------------------------------------
Other investments - ABCP - 21,803
---------------------------------------------------------------------------
Current liabilities - total 50,682 45,328
---------------------------------------------------------------------------
Working capital 24,515 41,486
---------------------------------------------------------------------------
Total assets 749,925 567,905
---------------------------------------------------------------------------
(2) Certain comparative figures have been restated reflecting the adoption
of EIC 172 "Income Statement Presentation of a Tax Loss Carry Forward
Recognized Following an Unrealized Gain Recorded in Other Comprehensive
Income".

Principal ProjectsSan Luis ProjectAt San Luis in Peru, geotechnical drilling for the tailings dam is required and is nearing completion. The environmental permit application will be submitted when the feasibility study is completed. The feasibility study is expected to be finalized in the second quarter of 2010 upon completion of the geotechnical drilling and related engineering design work.Pitarrilla ProjectAt Pitarrilla in Mexico, the Breccia Ridge underground feasibility study is underway and planned for completion in Q4 2010.Snowfield and Brucejack ProjectsIn the fourth quarter, Silver Standard reported a significant increase in the gold resource estimate at the Snowfield Project and the Brucejack Project following last summer's major exploration program.NI 43-101 compliant technical reports relating to the resource estimates at each of the Snowfield Project and the Brucejack Project were filed on SEDAR and posted on the company's web site on January 14, 2010.At the Snowfield Project, the measured and indicated resources were 4.14 million and 15.63 million ounces of gold, respectively, and inferred resources were 10.05 million ounces of gold.At the Brucejack Project, measured and indicated resources were 0.66 million and 3.38 million ounces of gold, respectively, and 23.8 million and 41.6 million ounces of silver, respectively, and inferred resources were 4.87 million ounces of gold and 71.5 million ounces of silver.A preliminary economic assessment has commenced on the Snowfield Project in British Columbia, and is expected to be reported in the second half of 2010. Planning is well underway for this summer's exploration campaign for the Brucejack and Snowfield projects.Management Discussion & Analysis and Conference CallThis news release should be read in conjunction with Silver Standard's year-end 2009 Financial Statements and Management's Discussion and Analysis filed with Canadian securities regulators available at www.sedar.com or the company's web site at www.silverstandard.com. A conference call with management to review Fourth Quarter 2009 and year-end financial results and project activities is scheduled for Friday, March 5, 2010, at 11:00 a.m. EST.Toll-free in North America: 1-888-429-4600Overseas: 1-970-315-0481This call will also be web-cast and can be accessed at the following web location:http://ir.silverstandard.com/events.cfmThe call will be archived and available at www.silverstandard.com after March 5, 2010.Audio replay will be available for one week by calling toll free in North America: 1-800-642-1687, conference ID 59028765; and overseas callers may telephone 1-706-645-9291, conference ID 59028765. (Source: Silver Standard Resources Inc.)Cautionary Statements on Forward Looking Information: Statements in this news release relating to the estimated production, recoveries of silver and tin, timing of processing of sulphide ore and operations of the tin circuit, anticipated revenues, cash and operating costs per silver ounce, cost to complete construction, estimated costs of mining, milling and administration, operations of the tin circuit, all relating to the Pirquitas Mine, timing to complete feasibility studies and assessments of principal projects, and certain statements relating to our other projects, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements that are not historical facts and that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development; changes in economic conditions or financial markets; changes in prices for the company's mineral products or increases in input costs; uncertainty of production cost estimates for the Pirquitas Mine, risks and uncertainties associated with new mining operations, including start-up delays and operational issues, risks relating to the interpretation of drill results and the geology, grade and continuity of our mineral deposits; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Argentina, Australia, Canada, Chile, Mexico, Peru, the United States and other jurisdictions in which the company may carry on business; technological and operational difficulties or the delay, non-compliance or inability to obtain permits encountered in connection with exploration and development activities; labour relations matters; and changing foreign exchange rates, all of which are described more fully in the company's Management Discussion and Analysis under the heading "Risks and Uncertainties" and in other filings with the Securities and Exchange Commission and Canadian regulatory authorities.Cautionary note to U.S. investors: The terms "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves. We advise U.S. investors that while such terms are recognized and required under Canadian regulations, the U.S. Securities and Exchange Commission (the "SEC") does not recognize these terms. "Inferred mineral resources" in particular have a great amount of uncertainty as to their economic feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not generally form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of contained metal expressed in ounces is in compliance with NI 43-101, but does not meet the requirements of Industry Guide 7 of the SEC, which will only accept the disclosure of tonnage and grade estimates for non-reserve mineralization.

J'ai fusionné 4 files SSRI en une seule, j'envisage de la transferer en public, sauf si opposition des contributeurs de la file en question ....

merci de voter pour ou contre svp

ok, bon, ça va être compliqué, pas scertain que je trouverai le temps de scinder...

Merci, @+

News SSRI Snow field...ça va être énorme !

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-479610058.html?x=0&.v=1

Putain, ils ont foré un tas de lingots ? je n'ai jamais vu ça !

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-952310005.html?x=0&.v=1


Silver Standard Resources
Inc.: Brucejack Drilling Cuts Bonanza-Grade Gold Mineralization

[*]SILVER STANDARD RES
INC.

Related Quotes


SymbolPriceChangeSSO.TO

17.33	0.05

Press Release
Source: Silver Standard Resources Inc.

On Monday July 12, 2010, 5:30 am EDT


VANCOUVER, BRITISH COLUMBIA--(Marketwire -
07/12/10) - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) (the "Company") is
pleased to report the initial results of diamond drilling at its
wholly-owned Brucejack Project which continues to encounter the
bonanza-grade gold and silver mineralization first identified in the
2009 drill program. The results to-date demonstrate the consistency of
the bonanza grade intersections over a relatively broad area. (The
reports for holes SU-38 to SU-48, the first results from the 2010
program, are contained in Table 1 of this release.) The Brucejack
Project is adjacent to the Company's wholly-owned Snowfield Project.Galena
Hill ZoneA highlight is hole SU-40 from the Galena Hill Zone,
which includes three bonanza-grade intercepts of gold and silver
mineralization, two of which are interpreted to occur within defined
parallel structures. The middle intercept included:- 0.5 meter
with uncut grades of 536 grams of gold and 175 grams of silver per tonne
(2 feet averaging 15.63 ounces gold and 5.1 ounces of silver per ton).This
intercept occurs within a structure defined by SU-12, with an intersect
of 1.5 meters of 16.95 kilograms of gold and 8.7 kilograms of silver
per tonne and SU-29, with an intercept of 0.5 meters of 5.3 kilograms of
gold and 3.7 kilograms of silver per tonne. These three intercepts
define an area measuring approximately 130 meters east-west in length
and 445 meters in depth. (Please see Table 1 for referenced 2009 drill
results.)The upper bonanza-grade intercept of SU-40 included:-
0.5 meter with uncut grades of 430 grams of gold and 174 grams of
silver per tonne (2 feet averaging 12.54 ounces of gold and 5.1 ounces
of silver per ton).This intercept is contained within a structure
defined by bonanza-grade intercepts from holes SU-05 and SU-12, plus
broad intercepts in holes SU-29 and SU-34. SU-05 intersected 1.5 meters
of 215.0 grams of gold and 136.0 grams of silver per tonne, and SU-12
intersected 1.2 meters of 77.6 grams of gold and 97.8 grams of silver
per tonne. The area defined by these intercepts is approximately 190
meters east-west in length and 140 meters in depth.The third
bonanza-grade intercept of SU-40 included 1.64 meters with uncut grades
of 5.84 kilograms of gold and 720 grams of silver per tonne (5 feet
averaging 170.35 ounces of gold and 21.0 ounces of silver per ton).Until
confirmed by underground mining and sampling, it should be assumed that
this mineralization forms discrete pods within the structures, which
are located less than 500 meters from the historical underground
development at the Brucejack Project. The consistency of the
bonanza-grade intersections over the relatively broad area is
potentially significant and highlights the possibility for additional
high-grade mineralization.Shore ZoneThe Shore Zone is
located 750 meters north of Galena Hill Zone in a vicinity of new drill
targets. A highlight is hole SU-45, which intersected intervals of:-
18 meters of 4.35 grams of gold and 51.2 grams of silver per tonne (59
feet averaging 0.13 ounces of gold and 1.5 ounces of silver per tonne),
including 3 meters with uncut grades of 25.76 grams of gold and 39.9
grams of silver per tonne (10 feet averaging 0.75 ounces of gold and 1.2
ounces of silver per ton), and- 62 meters of 1.69 grams of gold
and 42.1 grams of silver per tonne, (203 feet averaging 0.05 ounces of
gold and 1.2 ounces of silver per ton), including 25 meters of 3.61
grams of gold and 97.8 grams of silver per tonne (82 feet averaging 0.11
ounces of gold and 2.9 ounces of silver per ton).SU-45, which
ended in mineralization, confirms the down-dip extension of the
mineralization in the Shore Zone.A diamond drill program of
24,000 meters in total is planned for the Brucejack Project this season,
and five drills are currently working on various targets.

Table 1
Selected Brucejack Project Drill Results(1)
July 2010

------------------------------------------------------------------
From To Interval Gold Silver
Hole No. (meters) (meters) (meters) (g/tonne) (g/tonne)
------------------------------------------------------------------
Bridge Zone
------------------------------------------------------------------
SU-38 114.1 489.6 375.5 0.54 3.7
------------------------------------------------------------------
West Zone
------------------------------------------------------------------
SU-39(4) 5.0 17.0 12.0 4.30 12.3
------------------------------------------------------------------
165.0 186.6 21.6 0.58 83.9
------------------------------------------------------------------
447.5 490.5 43.0 0.71 21.9
------------------------------------------------------------------
SU-41(3) 307.0 553.2 246.2 0.77 8.8
------------------------------------------------------------------
SU-42 0.7 32.0 31.3 0.78 44.3
------------------------------------------------------------------
169.5 208.0 38.5 0.55 28.9
------------------------------------------------------------------
473.7 520.0 46.3 0.91 40.3
------------------------------------------------------------------
SU-43 71.5 95.5 24.0 0.63 4.9
------------------------------------------------------------------
SU-47(4) 75.0 109.0 34.0 0.65 7.2
----------------------------------------------------- -------------
197.5 221.5 24.0 2.07 39.7
------------------------------------------------------------------
403.8 448.5 44.7 3.26 67.3
------------------------------------------------------------------
Incl. 403.8 416.2 12.5 10.88 220.3
------------------------------------------------------------------
Galena Hill Zone
------------------------------------------------------------------
SU-05(2) 39.2 51.5 12.3 0.61 13.3
------------------------------------------------------------------
323.5 478.5 155.0 1.26 20.4
------------------------------------------------------------------
Incl. 466.5 468.0 1.5 215.0 136.0
------------------------------------------------------------------
SU-12(2) 258.0 278.6 20.6 5.33 158.8
------------------------------------------------------------------
Incl. 273.0 274.5 1.5 size=14]16,949 8,696
[/size]------------------------------------------------------------------
301.0 323.8 22.8 1.02 10.2
------------------------------------------------------------------
354.4 373.5 19.1 2.64 9.7
------------------------------------------------------------------
Incl. 364.8 366.0 1.2 77.60 98.0
------------------------------------------------------------------
460.0 502.0 42.0 1.59 8.4
------------------------------------------------------------------
SU-29(2)(4) 0.0 28.5 28.5 1.55 3.0
------------------------------------------------------------------
211.5 270.5 59.0 1.58 14.1
------------------------------------------------------------------
430.1 473.0 42.9 0.80 9.2
------------------------------------------------------------------
530.0 571.5 41.5 1.72 56.5
------------------------------------------------------------------
Incl. 560.8 561.3 0.5 5,344 3,740
------------------------------------------------------------------
SU-34(2)(3) 269.5 290.5 21.0 0.89 7.6
------------------------------------------------------------------
312.5 350.0 37.5 1.23 5.6
------------------------------------------------------------------
SU-40(3)(4) 223.5 269.5 46.0 2.16 11.3
------------------------------------------------------------------
346.0 369.5 23.5 1.42 5.2
------------------------------------------------------------------
Incl. 348.6 349.1 0.5 430.00 174.0
------------------------------------------------------------------
464.5 488.6 24.2 1.40 20.3
------------------------------------------------------------------
Incl. 464.5 465.0 0.5 536.00 175.0
-------------------------- ----------------------------------------
522.5 572.0 49.5 0.67 1.6
------------------------------------------------------------------
647.5 687.9 40.4 2.84 32.8
------------------------------------------------------------------
Incl. 648.8 650.4 1.6 5,850 720.0
------------------------------------------------------------------
Shore Zone
------------------------------------------------------------------
SU-45(3)(4) 521.8 540.0 18.2 4.35 51.2
------------------------------------------------------------------
Incl. 530.0 532.7 2.7 25.76 39.9
------------------------------------------------------------------
594.5 656.2 61.7 1.69 42.1
------------------------------------------------------------------
Incl. 594.5 619.3 24.8 3.61 97.8
------------------------------------------------------------------
SG Zone
------------------------------------------------------------------
SU-48(3) 144.5 195.5 51.0 0.62 7.5
------------------------------------------------------------------
290.5 412.0 121.5 0.87 3.0
------------------------------------------------------------------
548.0 555.5 7.5 1.38 11.7
------------------------------------------------------------------
Reconnaissance Holes
------------------------------------------------------------------
SU-44 55.5 69.5 14.0 0.57 2.2
------------------------------------------------------------------
SU-46 204.0 248.5 44.5 0.68 1.9
------------------------------------------------------------------
(1) True thickness to be determined. Kenneth C. McNaughton, M.A.Sc., P.Eng.,
and Vice President, Exploration, Silver Standard Resources Inc., is the
Qualified Person (QP) responsible for the Brucejack Project exploration
program and has verified the data in the table above. All samples were
submitted for preparation and analysis by ALS Chemex at its facilities in
Vancouver, B.C. All samples were analyzed using aqua regia digestion with
ICP finish. Samples over 100 ppm silver were reanalyzed using four acid
digestion with an ore grade AA finish. Samples over 1,000 ppm silver were
fire assayed with a gravimetric finish. Samples with over 10 ppm gold were
fire assayed with a gravimetric finish. One in 20 samples were blind
duplicate assayed at ALS Chemex in Vancouver, B.C.
(2) Previously reported in news releases dated September 15, 2009, October
13, 2009, and October 22, 2009.
(3) Ended in mineralization.
(4) For the quoted average gold assays, any assay in excess of 31.1 grams of
gold per tonne was cut to 31.1 grams of gold per tonne.

Kenneth
C. McNaughton, M.A.Sc., P.Eng., Vice President, Exploration, Silver
Standard Resources Inc., is the Qualified Person responsible for Silver
Standard's exploration programs.Silver Standard Resources Inc. is
a silver mining company that seeks growth through discovery, the
development of its project pipeline, and accretive acquisition
opportunities.Forward Looking Statements: Certain statements in
this news release are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and forward-looking
information within the meaning of Canadian securities laws
(collectively, "forward-looking statements"). Forward-looking statements
are statements that are not historical facts and that are subject to a
variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward-looking
statements. Forward-looking statements include, without limitation, the
estimation of mineral reserves and resources, the timing and amount of
estimated future production, costs of production, and costs and timing
of development of new deposits. Such risks and uncertainties include,
but are not limited to, the timing to complete drilling programs at the
Company's exploration projects; differences in U.S. and Canadian
practices for reporting mineral resources and reserves; risks and
uncertainties relating to the interpretation of drill results and the
geology, grade and continuity of our mineral deposits; the Company's
ability to raise sufficient capital to fund development; changes in
economic conditions or financial markets; uncertainty of production and
cost estimates; the Company's history of losses and expectation of
future losses; changes in prices for the Company's mineral products or
increases in input costs; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments in
Argentina, Australia, Canada, Chile, Mexico, Peru, the United States and
other jurisdictions in which the Company may carry on business;
technological and operational difficulties or inability to obtain
permits or land use agreements in connection with exploration and
development activities; labour relations matters; and changing foreign
exchange rates, all of which are described more fully in the Company's
most recent Form 20-F and other filings with the Securities and Exchange
Commission. The Company does not intend, and does not assume any
obligation, to update any forward-looking statements, other than as
required by applicable law.Cautionary note to U.S. investors: The
terms "measured mineral resource", "indicated mineral resource", and
"inferred mineral resource" used in this news release are Canadian
geological and mining terms as defined in accordance with National
Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI
43-101") under the guidelines set out in the Canadian Institute of
Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral
Resources and Mineral Reserves. We advise U.S. investors that while such
terms are recognized and permitted under Canadian regulations, the SEC
does not recognize them. U.S. investors are cautioned not to assume that
any part or all of the mineral deposits in the measured and indicated
categories will ever be converted into reserves. "Inferred mineral
resources" in particular have a great amount of uncertainty as to their
economic feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category.
Under Canadian rules estimates of inferred mineral resources may not
generally form the basis of feasibility or other economic studies. U.S.
investors are cautioned not to assume that any part or all of an
inferred mineral resource exists, or is economically or legally
mineable. Disclosure of contained metal expressed in ounces is in
compliance with NI 43-101, but does not meet the requirements of
Industry Guide 7 of the SEC, which will only accept the disclosure of
tonnage and grade estimates for non-reserve mineralization.(Source:
Silver Standard Resources Inc.)

Silver Standard Resources Inc.: Snowfield-Brucejack Preliminary Assessment

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-613620790.html?x=0&.v=1



Silver Standard Resources Inc.: Snowfield-Brucejack Preliminary Assessment

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SymbolPriceChangeSSO.TO

20.75	-0.55

{"s" : "sso.to,ssri","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Silver Standard Resources Inc. On Monday September 13, 2010, 9:00 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/13/10) - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report the results from a National Instrument 43-101-compliant Preliminary Assessment for a project option which examines the benefits of combining the mineral resources from its adjacent and wholly-owned Snowfield and Brucejack Projects located in northern British Columbia, Canada (the "Snowfield-Brucejack Project"). The Preliminary Assessment was prepared by Wardrop Engineering Inc., a Tetra Tech Company ("Wardrop").John Smith, President & CEO of Silver Standard, said, "This Preliminary Assessment demonstrates the value of both Snowfield and Brucejack and the potential for a combined development. The success of our 2010 drill program will only add to the quality of these projects."Silver Standard continues to advance the strategy of developing certain projects and monetizing others to assist with funding our substantial growth pipeline. With our significant portfolio of in-ground resources, we are in a unique position to generate project options to deliver both growth and cash flow."Study HighlightsBased on the Preliminary Assessment, the Snowfield-Brucejack Project would be operated as an open pit mine with an estimated 27 year mine life and life-of-mine waste to mineral material stripping ratios averaging 0.57:1 (Snowfield deposit) and 2.95:1 (Brucejack deposits), with a mill feed rate of 120,000 tonnes per day.Capital expenditures, including US$454 million for contingencies, are estimated to be US$3.5 billion. The Snowfield-Brucejack Project has an estimated pre-tax net present value of US$2.3 billion (5% discount rate) and an internal rate of return of 12.4% using an exchange rate of US$0.92 = C$1.00 and base case metals prices of US$878/ounce gold, US$14.50/ounce silver, US$17/pound molybdenum, US$2.95/pound copper and US$7,811/kilogram rhenium.The Preliminary Assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be categorized as mineral reserves. There is no certainty that the Preliminary Assessment will be realized.Average gold production, including gold in copper concentrate, in the first eight years is estimated to be 960,000 ounces annually, and 700,000 ounces annually over the life of the mine. The average metal production for the Snowfield-Brucejack Project is presented in Table 1 below:

Table 1: Snowfield-Brucejack Production

---------------------------------------------------------------------------
Average Annual Production Total Production
---------------------------------------------------------------------------
Metal Years 1 to 8 LOM Years 1 to 8 LOM
---------------------------------------------------------------------------
Gold (000 oz) 960 700 7,679 18,910
---------------------------------------------------------------------------
Silver (000 oz) 7,860 4,160 62,840 112,360
---------------------------------------------------------------------------
Copper (000 lb) 39,530 44,580 316,250 1,203,730
---------------------------------------------------------------------------
Molybdenum (000 lb) 3,510 3,670 28,120 99,040
---------------------------------------------------------------------------
Rhenium (kg) 9,380 9,010 75,030 243,310
---------------------------------------------------------------------------

Production & ProcessingThe estimated mining inventory is comprised of 1,172 million tonnes with an average mill feed grade of 0.74 g/t gold, 4.17 g/t silver, 0.08% copper, 0.01% molybdenum and 0.42 g/t rhenium and which contains 27.8 million ounces of gold, 157.2 million ounces of silver, 2.14 billion pounds of copper, 198.1 million pounds of molybdenum and 487 tonnes of rhenium.The processing plant will produce a copper-gold-silver concentrate, a molybdenum concentrate, and gold-silver dore. The following table summarizes the associated production and processing parameters:

Table 2: Projected Production and Processing Summary

---------------------------------------------------------------------------
Mine Type: Open pit
---------------------------------------------------------------------------
Total Mine Production: 1,172 million tonnes
---------------------------------------------------------------------------
Processing Rate: 120,000 tonnes per day
---------------------------------------------------------------------------
Mine Life (LOM): 27 years
---------------------------------------------------------------------------
Strip Ratio:
---------------------------------------------------------------------------
Snowfield 0.57:1 waste to mineral material
---------------------------------------------------------------------------
Brucejack 2.95:1 waste to mineral material
---------------------------------------------------------------------------
Copper Gold-Silver Molybdenum
Production Parameters Concentrate Dore Concentrate
---------------------------------------------------------------------------
Average Product Grade:
---------------------------------------------------------------------------
Gold 112.8 g/t 10.1% -
---------------------------------------------------------------------------
Copper 22% - -
---------------------------------------------------------------------------
Silver 297.3 g/t 89.9% -
---------------------------------------------------------------------------
Molybdenum - - 50%
---------------------------------------------------------------------------
Rhenium - - 2,708 g/t
---------------------------------------------------------------------------
Average Metal Recoveries (Snowfield):
---------------------------------------------------------------------------
Gold 43.2% 23.6% -
---------------------------------------------------------------------------
Copper 56.3% - -
---------------------------------------------------------------------------
Silver 46.2% 19.1% -
---------------------------------------------------------------------------
Molybdenum - - 50%
---------------------------------------------------------------------------
Rhenium - - 50%
---------------------------------------------------------------------------
Average Metal Recoveries (Brucejack):
---------------------------------------------------------------------------
Gold - 72.2% -
---------------------------------------------------------------------------
Silver - 74.5% -
---------------------------------------------------------------------------
Average Annual Production(1):
---------------------------------------------------------------------------
Gold ('000 oz) 333 367 -
---------------------------------------------------------------------------
Copper (tonnes) 20,222 - -
---------------------------------------------------------------------------
Silver ('000 oz) 879 3,283 -
---------------------------------------------------------------------------
Molybdenum ('000 lb) - - 3,668
---------------------------------------------------------------------------
Rhenium (kilograms) - - 9,011
---------------------------------------------------------------------------
(1) Refers to the average contained-in-concentrate production for the
Copper Concentrate and Molybdenum Concentrate and contained ounces for
the Gold-Silver Dore.

Capital and Operating CostsThe total capital cost for the Snowfield-Brucejack Project is estimated at US$3.5 billion (with an expected accuracy range of +/- 35%) and the average operating cost is estimated at US$9.38/tonne milled with US$8.77/tonne milled for Snowfield mineralization and US$12.20/tonne milled for Brucejack mineralization. The following tables summarize the break-down of capital costs and operating costs:

Table 3: Capital Costs Summary
Capital Costs in US$ millions

----------------------------------
Direct Costs $2,222
----------------------------------
Indirect Costs $709
----------------------------------
Owner's Costs $80
----------------------------------
Contingencies $454
----------------------------------

----------------------------------
Total Capital Costs $3,465
----------------------------------


Table 4. Operating Costs Summary (a)
Operating Costs (US$/tonne milled)

----------------------------------------------------------------------
Snowfield Brucejack Average
----------------------------------------------------------------------
Mining $2.42(b) $6.11(c) $3.08(d)
----------------------------------------------------------------------
Processing $5.43 $5.17 $5.38
----------------------------------------------------------------------
G&A $0.62 $0.62 $0.62
----------------------------------------------------------------------
Plant Services $0.21 $0.21 $0.21
----------------------------------------------------------------------
Water Treatment $0.09 $0.09 $0.09
----------------------------------------------------------------------
Total Operating Costs $8.77 $12.20 $9.38
----------------------------------------------------------------------
(a) Tailing dam construction costs are included in sustaining capital
costs.
(b) Based on the stripping ratio of 0.57:1 for the Snowfield Project.
(c) Based on the stripping ratio of 2.95:1 for the Brucejack Project.
(d) Mining operating cost is an average of the Snowfield and Brucejack
operating costs.

Economic AnalysisThe base case economic analysis projects that the Snowfield-Brucejack Project would have a net present value of US$2.3 billion (5% discount rate) and an internal rate of return of 12.4%. A second case is presented using recent spot metals prices. The pre-tax economic results for both cases are presented in Table 5:

Table 5: Summary of Snowfield-Brucejack Pre-Tax Economic Results

--------------------------------------------------------------------------
Base Case Spot Prices at
Economic Returns Scenario(1) August 27, 2010
--------------------------------------------------------------------------
Internal Rate of Return 12.4% 21.7%
--------------------------------------------------------------------------
Net Cash Flow (undiscounted) $6.246 billion $12.949 billion
--------------------------------------------------------------------------
Net Present Value (5.0% discount rate) $2.302 billion $5.951 billion
--------------------------------------------------------------------------
Payback 5.3 years 3.5 years
--------------------------------------------------------------------------
Exchange Rate (US$: C$) $0.92 $0.948
--------------------------------------------------------------------------
Gold Price (US$/ounce) $878 $1,235
--------------------------------------------------------------------------
Silver Price (US$/ounce) $14.50 $19.03
--------------------------------------------------------------------------
Molybdenum Price (US$/pound) $17.00 $15.88
--------------------------------------------------------------------------
Copper Price (US$/pound) $2.95 $3.26
--------------------------------------------------------------------------
Rhenium (US$/kilogram) $7,811 $5,311
--------------------------------------------------------------------------
(1) Wardrop-adopted consensus forecast metal prices from the Energy Metals
Consensus Forecast (EMCF). All prices are in U.S. dollars.

Project StatusA total of at least 42,000 meters of drilling will be completed on the Snowfield and Brucejack properties as part of the combined 2010 exploration season. This work was mainly designed to target expansion of the currently defined mineral resources for both projects, and also to provide data for preliminary geotechnical and environmental studies, as well as to supply large diameter core for advanced metallurgical studies. None of the results from this year's drilling has been incorporated into the mineral resources used in the Preliminary Assessment. Updated mineral resource estimates for Snowfield and Brucejack are expected in the first half of 2011.With the completion of the Preliminary Assessment, Silver Standard will assess whether to combine the Snowfield and Brucejack Projects or treat them independently in order to maximize shareholder value.Resource EstimatesSummarized in the table below are the current mineral resources for the Snowfield Project and Brucejack Project, and were the resources used in the Preliminary Assessment.

Table 6: Snowfield Zone Resource Summary - September 2010(1, 2, 3)
(Based on a cut-off grade of 0.30 grams of gold-equivalent/tonne)

Contained
-------------
Gold Silver
Tonnes Gold Silver Copper Moly(4) Rhenium (oz in (oz in
Category (mil.) (g/t) (g/t) (%) (ppm) (g/t) mil.) mil.)
--------------------------------------------------------------------------
Measured 143.7 0.83 1.57 0.08 100 0.62 3.85 7.27
--------------------------------------------------------------------------
Indicated 951.6 0.60 1.78 0.11 87 0.47 18.19 54.38
--------------------------------------------------------------------------
M+I 1,095.3 0.63 1.75 0.11 89 0.49 22.04 61.65
--------------------------------------------------------------------------
Inferred 847.2 0.40 1.53 0.07 82 0.33 10.99 41.62
--------------------------------------------------------------------------
(1) Mineral resources are accumulated within an optimized pit shell.
(2) Mineral resources that are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral reserves may
be materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing or other relevant issues.
(3) The quantity and grade of reported inferred resources in this
estimation are conceptual in nature. There is no guarantee that all
or any part of the mineral resource will be converted into mineral
reserves.
(4) "Moly" refers to molybdenum.



Table 7: Brucejack Area Resource Summary - December 2009(1, 2, 3)
(Based on a cut-off grade of 0.35 grams of gold-equivalent/tonne)

Contained
-----------------------
Gold Silver
Tonnes Gold Silver (oz in (oz in
Category (millions) (g/t) (g/t) millions) millions)
-------------------------------------------------------------------------
Measured 9.9 2.06 75.0 0.66 23.8
-------------------------------------------------------------------------
Indicated 110.7 0.95 11.7 3.38 41.6
-------------------------------------------------------------------------
M+I 120.5 1.04 16.9 4.04 65.4
-------------------------------------------------------------------------
Inferred 198.0 0.76 11.2 4.87 71.5
-------------------------------------------------------------------------
(1) See Technical Report and Resource Estimates on the West, Bridge, Galena
Hill, Shore, SG & Gossan Hill Gold and Silver Zones of the Brucejack
Property dated December 1, 2009 and filed on SEDAR (www.sedar.com) on
January 14, 2010.
(2) Prepared by Dr. Wayne D. Ewert, P.Geo., Tracy Armstrong, P.Geo., F.H.
Brown, M.Sc. (Eng.), CPG PrSciNat, and Eugene Puritch, P.Eng., of P&E
Mining Consultants Inc. ("P&E") of Brampton, Ontario, independent
qualified persons, as defined by National Instrument 43-101.
(3) See notes 1 to 3 in Table 6 above.

Independent Qualified PersonsThe following Qualified Persons (as defined by National Instrument 43-101) are independent of Silver Standard and responsible for the Snowfield-Brucejack Project Preliminary Assessment:

---------------------------------------------------------------------------
Qualified Person Scope of Responsibility
---------------------------------------------------------------------------
Hassan Ghaffari, P.Eng.
Wardrop Engineering Inc. Capital cost estimate
---------------------------------------------------------------------------
Metallurgical testing review, mineral
processing, process operating costs and
John Huang, P.Eng. infrastructure with exception to power,
Wardrop Engineering Inc. tunneling and roads
---------------------------------------------------------------------------
Tracy Armstrong, P.Geo. Report sections preparation for the
P&E Mining Consultants Inc. Snowfield NI 43-101 Technical Report
---------------------------------------------------------------------------
Fred Brown, CPG Pr.Sci.Nat.
P&E Mining Consultants Inc. Mineral resource modelling and analysis
---------------------------------------------------------------------------
Mine design, production scheduling,
Greg Hollett, P.Eng. contribution to the mine capital and
AMC Mining Consultants Ltd. operating costs development.
---------------------------------------------------------------------------
Nory Narciso, P.Eng.
Wardrop Engineering Inc. Mining operating costs
---------------------------------------------------------------------------
Scott Cowie, MAusIMM.
Wardrop Engineering Inc Financial Analysis
---------------------------------------------------------------------------
Dan Sweeney, P.Eng. Tunnel design and associated
Wardrop Engineering Inc. capital costs
---------------------------------------------------------------------------
Mike Boyle, P.Eng. Roads design, access and site
Wardrop Engineering Inc. roads/earthworks
---------------------------------------------------------------------------
Malcolm Cameron, P.Eng.
Wardrop Engineering Inc. Power supply design and associated costs
---------------------------------------------------------------------------
Lori-Ann Wilchek, P.Eng. Tailing impoundment, water management
BGC Engineering Inc. plan overall and water balance
---------------------------------------------------------------------------
Warren Newcomen, P.Eng. Waste rock storage pile stability and
BGC Engineering Inc. open pit slopes designs
---------------------------------------------------------------------------
Environmental concerns and permitting,
Paul Greisman, P.Eng. capital and operating costs estimates as
Rescan Environmental they relate to environmental component of
Services Ltd. the study
---------------------------------------------------------------------------

Silver Standard Resources Inc. is a silver mining company that seeks growth through discovery, the development of its project pipeline, and accretive acquisition opportunities.Forward Looking Statements: Certain statements in this news release, including statements relating to the estimates to complete preliminary assessments and pre-feasibility studies relating to the Snowfield Project, mineral resource estimates and capital expenditures, production and economic return estimates, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are statements that are not historical facts and that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund development; changes in economic conditions or financial markets; uncertainty of production and cost estimates for the Pirquitas Mine; the Company's history of losses and expectation of future losses; changes in prices for the Company's mineral products or increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Argentina, Australia, Canada, Chile, Mexico, Peru, the United States and other jurisdictions in which the Company may carry on business; technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities; labour relations matters; and changing foreign exchange rates, all of which are described more fully in the Company's most recent Form 20-F and other filings with the Securities and Exchange Commission and Canadian regulatory authorities. The Company does not intend, and does not assume any obligation, to update any forward-looking statements, other than as required by applicable law.Cautionary note to U.S. investors: The terms "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" used in this news release are Canadian geological and mining terms as defined in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves. We advise U.S. investors that while such terms are recognized and permitted under Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured and indicated categories will ever be converted into reserves. "Inferred mineral resources" in particular have a great amount of uncertainty as to their economic feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not generally form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of contained metal expressed in ounces is in compliance with NI 43-101, but does not meet the requirements of Industry Guide 7 of the SEC, which will only accept the disclosure of tonnage and grade estimates for non-reserve mineralization. (Source: Silver Standard Resources Inc.)

Silver Standard Resources: Head and Shoulders Above the Competition



http://seekingalpha.com/article/226391-silver-standard-resources-head-and-shoulders-above-the-competition?source=yahoo

n this inaugural edition of our Mining News Review we’ve chosen to spotlight Silver Standard Resources (SSRI).This past Monday, Silver Standard announced the results of a preliminary economic assessment combining its Snowfield and Brucejack projects. Although the net present value and production profile of the combined mining operation is still not very large relative to the estimated $3.5 billion in capital costs, there is quite a bit of room for growth and improvement as the parameters are refined. With some optimization work, it is possible that Snowfield and Brucejack might even justify Silver Standard’s entire market cap by themselves.That would leave substantial upside to account for the production at the Pirquitas mine in Argentina where estimated silver production in 2010 is 7 million ounces, not to mention Silver Standard’s other properties. The compay’s silver production is targeted to grow to over 19 million ounces in 2013 (plus significant zinc, lead, and tin by-product credits) as Pirquitas is expanded and the large Pitarilla project in Mexico, as well as the small but high grade San Luis project in Peru, are brought on line.When it was an ounces-in-the-ground accumulator, Silver Standard was arguably valued more highly by the market than the sum of its parts, so perhaps it shouldn’t come as a surprise that having graduated to the coveted silver miner/developer status means the company is now seemingly valued at less than the sum of its parts. Silver Standard’s management is acutely aware of this problematic situation and we expect them to monetize Snowfield and Brucejack in the near future, perhaps by pairing up with the nearby KSM project of Seabridge Gold (SA). This emerging gold-copper porphyry district in northwest British Columbia is already host to over 60 million ounces of gold, 300 million ounces of silver, 12 billion pounds of copper and significant molybdenum and rhenium credits. Such a massive resource base is quite remarkable when considering that most of the exploration work took place within the past 3 years.In any case, it may makes little sense to develop Snowfield, Bruejack and KSM separately because a large portion of the capital cost is infrastructure, energy transmission and transport. Sharing these costs would make each project more economically viable on a standalone basis but the greatest value would probably be realized upon the entrance of a major mining company that is looking to control an immense district-scale resource base while being in no hurry to develop it. Be that as it may, it seems to us that most Silver Standard investors are paying little attention to Snowfield and Brucejack and are instead worried about production difficulties at the newly-commissioned Pirquitas silver-tin project in Argentina. While these worries are justified, we suspect that Silver Standard is in the midst of a successful rebuilding of its credibility. Should the company start firing on all cylinders in the months ahead, the share price will easily outperform the silver producer peer group.Shown below is a small sample of the many charts used in our comparative peer analysis technique. (Click to enlarge) As can be easily seen, Silver Standard stands head and shoulders above the competition in terms of its “leverage,” resource size, and mine life characteristics. At current metal prices our valuation target for Silver Standard comes in at a smokin’ hot $51 per share, of which about 50% is attributable to the Snowfield and Brucejack projects. This means the market is still valuing these projects at less than zero. As Silver Standard starts to monetize its vast resource base, we expect the share price to start moving toward our target. If we are right, Silver Standard shares could double even without an increase in metal prices.Disclosure: Long SSRI About the author: David Zurbuchen




Managing Partner of Augment Partners, Inc.

• Company: The Metal Augmentor
  
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Project-Gold Zone Continues Expanding

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-4195413823.html?x=0&.v=1
Press Release
Source: Silver Standard Resources Inc.

On Thursday September 30, 2010, 5:00 am EDT


VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/30/10) - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News)
is pleased to report that ongoing diamond drilling of the Snowfield
Project continues expanding known mineralization to the south. Most of
the new mineralization is in areas previously classified as waste in the
Preliminary Assessment announced in September 2010 (see news release
dated September 13, 2010). The wholly-owned Snowfield Project is located
65 kilometers north of the town of Stewart in British Columbia, Canada.A
number of step-out drill holes successfully expanded the gold-copper
phase of the mineralization to the southeast by approximately 450
meters. As noted in the highlights below, average copper grades appear
to be increasing to the southeast. Highlights of these holes included:

-- MZ-111 intersected 109 meters (358 feet) from surface averaging 0.72
grams of gold per tonne and 0.50% copper, including 48 meters averaging
1.09 grams of gold per tonne and 0.91% copper.

Six step-out holes extended the gold-molybdenum mineralization by up to 300 meters to the south. Highlights included:

-- MZ-113 intersected 78 meters (223 feet) averaging 0.98 grams of gold per
tonne and 0.04% copper.

-- MZ-114 intersected 182 meters (596 feet) from surface averaging 0.56
grams of gold per tonne and 0.04% copper, including 48 meters averaging
0.79 grams of gold per tonne and 0.03% copper from surface.

This
drilling, part of an initial 42,000-meter program of infill and
step-out drilling on the Brucejack and Snowfield Projects subsequently
expanded to over 48,000 meters, included 17,976 meters completed on the
Snowfield Project. See Table 1 for selected intervals from 10 holes for
which assays have most recently been received.The Snowfield
Project currently hosts measured and indicated gold resources of 22.04
million ounces and inferred gold resources of 10.99 million ounces,
along with resources in copper, silver, molybdenum and rhenium based on a
cut-off of 0.30 grams of gold-equivalent/tonne (see the Technical
Report and Preliminary Assessment of the Snowfield-Brucejack Project
effective September 10, 2010 and the news release dated September 13,
2010). A new resource estimate that includes the 2010 drill results is
anticipated in the first half of 2011.Kenneth C. McNaughton,
M.A.Sc., P.Eng., Senior Vice President, Exploration, Silver Standard
Resources Inc., is the Qualified Person responsible for Silver
Standard's exploration programs.Silver Standard Resources Inc. is
a silver mining company that seeks growth through discovery, the
development of its project pipeline, and accretive acquisition
opportunities.Forward Looking Statements: Certain statements in
this news release are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and forward-looking
information within the meaning of Canadian securities laws
(collectively, "forward-looking statements"). Forward-looking statements
are statements that are not historical facts and that are subject to a
variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward-looking
statements. Forward-looking statements include, without limitation, the
estimation of mineral reserves and resources, the timing and amount of
estimated future production, costs of production, and costs and timing
of development of new deposits. Such risks and uncertainties include,
but are not limited to, the timing to complete drilling programs at the
Company's exploration projects; differences in U.S. and Canadian
practices for reporting mineral resources and reserves; risks and
uncertainties relating to the interpretation of drill results and the
geology, grade and continuity of our mineral deposits; the Company's
ability to raise sufficient capital to fund development; changes in
economic conditions or financial markets; uncertainty of production and
cost estimates; the Company's history of losses and expectation of
future losses; changes in prices for the Company's mineral products or
increases in input costs; litigation, legislative, environmental and
other judicial, regulatory, political and competitive developments in
Argentina, Australia, Canada, Chile, Mexico, Peru, the United States and
other jurisdictions in which the Company may carry on business;
technological and operational difficulties or inability to obtain
permits or land use agreements in connection with exploration and
development activities; labour relations matters; and changing foreign
exchange rates, all of which are described more fully in the Company's
most recent Form 20-F and other filings with the Securities and Exchange
Commission. The Company does not intend, and does not assume any
obligation, to update any forward-looking statements, other than as
required by applicable law.Cautionary note to U.S. investors: The
terms "measured mineral resource", "indicated mineral resource", and
"inferred mineral resource" used in this news release are Canadian
geological and mining terms as defined in accordance with National
Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI
43-101") under the guidelines set out in the Canadian Institute of
Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral
Resources and Mineral Reserves. We advise U.S. investors that while such
terms are recognized and permitted under Canadian regulations, the SEC
does not recognize them. U.S. investors are cautioned not to assume that
any part or all of the mineral deposits in the measured and indicated
categories will ever be converted into reserves. "Inferred mineral
resources" in particular have a great amount of uncertainty as to their
economic feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category.
Under Canadian rules estimates of inferred mineral resources may not
generally form the basis of feasibility or other economic studies. U.S.
investors are cautioned not to assume that any part or all of an
inferred mineral resource exists, or is economically or legally
mineable. Disclosure of contained metal expressed in ounces is in
compliance with NI 43-101, but does not meet the requirements of
Industry Guide 7 of the SEC, which will only accept the disclosure of
tonnage and grade estimates for non-reserve mineralization.(Source: Silver Standard Resources Inc.)

Table 1: Selected Snowfield Zone Drill Results(1) - September 2010

---------------------------------------------------------------------------
Gold
From To Interval Grade Copper
Hole Number (meters) (meters) (meters) (g/tonne) (%) Comments
---------------------------------------------------------------------------
MZ-106 No Significant Values Condemnation
---------------------------------------------------------------------------
MZ-107 116.0 137.0 21.0 0.57 0.05 Condemnation
---------------------------------------------------------------------------
MZ-108 4.0 102.0 98.0 0.55 0.06 Southern Step-
out
---------------------------------------------------------------------------
120.0 150.0 30.0 0.54 0.05
---------------------------------------------------------------------------
MZ-109 0.9 16.0 15.1 0.84 0.04 Southern Step-
out
---------------------------------------------------------------------------
MZ-110 91.0 122.5 31.5 0.45 0.02 Southern Step-
out
---------------------------------------------------------------------------
MZ-111 26.5 135.5 109.0 0.72 0.50 Eastern Step-
out
---------------------------------------------------------------------------
incl 82.0 129.5 47.5 1.09 0.91
---------------------------------------------------------------------------
171.5 248.0 76.5 0.18 0.15
---------------------------------------------------------------------------
MZ-112 No Significant Values Condemnation
---------------------------------------------------------------------------
MZ-113 53.0 131.0 78.0 0.98 0.04 Southern Step-
out
---------------------------------------------------------------------------
MZ-114 19.8 201.5 181.7 0.56 0.04 Southern Step-
out
---------------------------------------------------------------------------
incl 23.0 71.0 48.0 0.79 0.03
---------------------------------------------------------------------------
MZ-115 68.8 127.3 58.5 0.56 0.02 Southern Step-
out
---------------------------------------------------------------------------

(1) True thickness to be determined. Kenneth C. McNaughton, M.A.Sc.,
P.Eng., and Senior Vice President, Exploration, Silver Standard
Resources Inc., is the Qualified Person (QP) responsible for the
Snowfield Project exploration program and has verified and supervised
the preparation of the data in the table above. All samples were
submitted for preparation and analysis by ALS Chemex at its facilities
in Terrace, B.C. All samples were analyzed using multi-acid digestion
with ICP finish. Samples over 100 ppm silver were reanalyzed using four
acid digestion with an ore grade ICP-AES finish. Samples over 1,000 ppm
silver were fire assayed with a gravimetric finish. Samples with over
10 ppm gold were fire assayed with a gravimetric finish. One in 10
samples was blank, one in 20 was a standard sample, and differing one
in 20 samples was a field duplicate one-quarter core assayed at ALS
Chemex in Vancouver, B.C.

Silver Standard Files NI 62-103 Report in Connection With Its Sale of The Snowfield and Brucejack Projects



http://finance.yahoo.com/news/Silver-Standard-Files-NI-iw-636533742.html?x=0&.v=1


Press Release
Source: Silver Standard Resources Inc.

On Thursday December 23, 2010, 5:00 am EST


VANCOUVER, BRITISH COLUMBIA--(Marketwire -
12/23/10) - Silver Standard Resources Inc. ("Silver Standard") announced
on December 21, 2010 that it completed the sale of the Snowfield and
Brucejack projects and related assets (together the "Combined Project
Assets") in northern British Columbia to Pretium Resources Inc.
("Pretium"). Silver Standard is issuing this news release to provide
additional information in accordance with National Instrument 62-103.On
December 21, 2010, in partial consideration for the sale (the
"Snowfield Brucejack Sale") of the Combined Project Assets to Pretium,
Silver Standard acquired ownership of an aggregate of 32,537,833 common
shares in the capital of Pretium (the "Pretium Shares"), representing
41.3% of the issued and outstanding Pretium Shares on an undiluted
basis.Silver Standard also received a convertible promissory note
in the principal amount of C$39.753 million. The outstanding amount of
the convertible promissory note will be automatically converted into
Pretium Shares at $6.00 per Pretium Share 40 days after the closing of
the Snowfield Brucejack Sale to the extent not previously repaid by
Pretium. If the promissory note is repaid in full, Silver Standard will
hold a 38.1% equity interest in Pretium. If the promissory note is fully
converted, Silver Standard will hold a 45.8% equity interest in
Pretium.Silver Standard and Pretium entered into an investor
rights agreement (the "Investor Rights Agreement") on December 21, 2010,
which provides that, as long as Silver Standard and its affiliates hold
at least 10% of the issued and outstanding Pretium Shares:

-- Silver Standard shall be entitled to nominate to serve as members of the
Pretium board of directors (the "Pretium Board") such number of nominees
as is equal to the lesser of: (i) one less than the number which
constitutes a majority of the Pretium Board and (ii) the percentage of
the Pretium Shares and securities convertible or exchangeable into
Pretium Shares held by Silver Standard multiplied by the number of
directors comprising the Pretium Board (rounded to the nearest whole
number of nominees);

-- Silver Standard and its affiliates will have the right to maintain their
proportionate ownership of Pretium Shares by participating pro rata in
the issuance of Pretium Shares (save in respect of equity compensation
plans); and


-- Silver Standard and its affiliates will have the right to sell their
Pretium Shares by participating pro rata in prospectus offerings by
Pretium (to a maximum of 20% of any such offering).

Silver
Standard has agreed that, without the prior consent of the lead
underwriters pursuant to the underwriting agreement in respect of the
Pretium initial public offering, which consent may not be unreasonably
withheld, it will not sell any Pretium Shares or any securities giving
the right to acquire Pretium Shares, or agree or announce any intention
to do so, at any time prior to 180 days after the closing date of the
Snowfield Brucejack Sale.The Pretium Shares were issued and
delivered by Pretium as partial consideration for the Snowfield
Brucejack Sale. Silver Standard does not have any present intention to
acquire ownership of, or control over, additional securities of Pretium,
except as described in this news release. It is the intention of Silver
Standard to evaluate its investment in Pretium on a continuing basis
and such holdings may be increased or decreased in the future.Silver Standard's address for the purposes of NI 62-103 is 1400 - 999 West Hastings Street, Vancouver, BC, V6C 2W2.
Silver Standard Resources Inc.: Close of Sale of Snowfield and Brucejack Projects to Pretium and 2011 Production Guidance



http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-2483689611.html?x=0&.v=1


Press Release
Source: Silver Standard Resources Inc.

On Tuesday December 21, 2010, 9:08 am EST


VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/21/10) - Silver Standard Resources Inc. ("Silver Standard" or the "Company") (TSX:SSO - News)(NASDAQ:SSRI - News)
is pleased to report the completion of its sale of the Snowfield and
Brucejack Projects and provide silver production guidance for the
Pirquitas Mine in northern Argentina.Sale of Snowfield and Brucejack ProjectsThe
sale of the Snowfield and Brucejack Projects in northern British
Columbia to Pretium Resources Inc. ("Pretium") closed on December 21,
2010. Pursuant to the terms of the transaction, Silver Standard received
cash proceeds of C$215.02 million (before deductions of C$12.645
million payable by Silver Standard), a convertible promissory note in
the principal amount of C$39.753 million and 32,537,833 common shares of
Pretium for total consideration of C$450 million. The outstanding
amount of the convertible promissory note will be automatically
converted into common shares of Pretium at $6 per share 40 days after
the closing to the extent not previously repaid by Pretium. If the
promissory note is repaid in full, Silver Standard will hold a 38.1%
equity interest in Pretium. If the promissory note is fully converted,
Silver Standard will hold a 45.8% equity interest in Pretium.Silver Production GuidanceBased
on fourth quarter results to date from the Pirquitas Mine, Silver
Standard maintains full-year 2010 silver production guidance of 6.3 to
6.5 million ounces. The Company will produce approximately 8.5 million
ounces of silver in 2011. The Company plans to provide an exploration
and production update in January 2011."With the proceeds from the
sale of Snowfield and Brucejack and the solid results from the
Pirquitas Mine, Silver Standard is well-positioned to achieve growth
through our project portfolio in 2011 and beyond," said Silver
Standard's President and CEO John Smith.Silver Standard is a
silver mining company that seeks growth through discovery, the
development of its project pipeline, and accretive acquisition
opportunities.To receive Silver Standard's news releases by e-mail, contact Michelle Romero, Communications Director at invest@silverstandard.com or call (888) 338-0046.