Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) is pleased to announce that we have filed a notice of alteration to change our name to SSR Mining Inc. (“SSR Mining”) effective August 1, 2017. Shareholders approved a special resolution to change the name at our Annual and Special Meeting of Shareholders held May 4, 2017.
On August 1, 2017, our domain name will change to www.ssrmining.com and visitors to our current website address and communication to our current electronic mail addresses will be redirected. Our shares will continue to trade under our existing ticker symbols on the NASDAQ Capital Markets and the Toronto Stock Exchange until the SSR Mining ticker symbol “SSRM” becomes effective, which is expected on or about August 3, 2017.
Paul Benson, President and CEO said, “August 1st is an important day in our evolution as we change our name to SSR Mining to more accurately reflect our business focus. We have evolved from a silver-focused explorer to an intermediate precious metals producer with three mines in the Americas, two of which produce predominantly gold. In fact, in 2017, approximately 80% of our revenue will be generated from gold production. We feel it is important to reflect our over 70-year history and, as such, our new name includes the initials of our existing name and builds on a strong brand, well-known by our stakeholders and the investment community. The name SSR Mining represents our accomplishments and proud history.”
About Silver Standard
Silver Standard is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75% owned and operated Puna Operations joint venture in Jujuy Province, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.
