George Paspalas has resigned as Chief Operating Officer
of the Company
VANCOUVER,
BRITISH COLUMBIA -- (MARKET WIRE) -- 12/10/10 -- Silver
Standard Resources Inc. (TSX: SSO)(NASDAQ: SSRI) today announced that George
Paspalas has resigned as Chief Operating
Officer of the Company effective January 7, 2011.
Mr. Joe
Philips will assume responsibility for operations and development
activities on an interim basis while the Company completes a comprehensive
search for Mr. Paspalas' successor.
Mr. Philips
holds a B.Sc. in Geological Engineering and served most recently as Senior
Vice-President of Project Development for Pan
American Silver Corp. He brings strong operational experience from
roles held in Argentina,
Chile, Mexico
and Venezuela.
Mr. Smith
stated, "We would like to thank George for his service to Silver
Standard including the construction and start up of the Pirquitas
Mine. In the interim, we are fortunate to have an executive with
Joe's experience, knowledge and expertise to assist the Company during this
period."
To receive
Silver Standard's news releases by e-mail, contact Michelle Romero
via the contact information listed below.
Statements
contained in this news release that are not historical fact, such as
statements regarding the prospects of the Company's Chief Operating Officer
("COO") search, are forward-looking statements as that term is
defined in Canadian Securities legislation and the Private Securities
Litigation Reform Act of 1995. Such forward looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from estimated results. Such risks and uncertainties include, but are not
limited to, the Company's ability to identify and engage a suitable COO and
the other risks and uncertainties described more fully in the Company's Form
20-F as amended and other filings with Canadian regulators and the Securities
and Exchange Commission. Our forward-looking statements are based on
the beliefs, expectations and opinions of management on the date the
statements are made, and we do not assume any obligation to update
forward-looking statements if circumstances or management's beliefs,
expectations or opinions should change, other than as required by applicable
law. For the reasons set forth above, you should not place undue reliance on
forward-looking statements.
News Release
10-32
Contacts:
Silver Standard Resources Inc.
Michelle Romero
Director, Communications
N.A. Toll Free: 1-888-338-0046 or Direct: 604-484-8216
604-689-3847 (FAX)
invest@silverstandard.com
www.silverstandard.com
Source: Silver
Standard Resources Inc.