GOLD: Marigold mine hits 3M-oz milestone

NEVADA – The Marigold gold heap leaching mine, in continuous operation since 1988, poured its three millionth ounce of gold on Oct. 6, 2015. The mine was acquired last year by Vancouver-based Silver Standard Resources from a Goldcorp subsidiary. Marigold production guidance for 2015 is between 195,000 and 205,000 oz of gold at cash costs of less than US$750 per oz. Silver Standard president and CEO Paul Benson said in a release, "Three million ounces of gold from continuous production at Marigold is a testament to the scale and quality of the deposit and the commitment of the Marigold team. Today it has similar mine life as when it opened. We are advancing several exploration targets and the Marigold assay program, which have the potential to increase production throughout the planned mine life and to add to mineral resources.” Please visit SilverStandard.com to learn more.