Pirquitas Achieves 2010 Production Goal
Silver Standard Resources Inc is pleased
to report full year silver production results. For the year ended December
31, 2010, silver production at the Pirquitas
mine reached 6.3 million ounces. These results include 2.1 million ounces of
silver produced in the fourth quarter of 2010, a production increase in line
with expectations.
The
Company will produce approximately 8.5 million ounces of silver in 2011.
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.
Cautionary
Statements on Forward-Looking Information: Statements in this news release
relating to the estimated production of silver and all relating to the Pirquitas Mine are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 and forward-looking information within 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
Silver Standard'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 and 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 Silver Standard 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 most recent Form 20-F, and in the
Management Discussion and Analysis under the heading "Risks and
Uncertainties" and in 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.
(Source: Silver Standard
Resources Inc.)
The TSX
has neither approved nor disapproved of the information contained herein.
Contacts:
Silver Standard Resources Inc.
Michelle Romero
Communications Director
N.A. Toll Free: 1-888-338-0046 or Direct: (604) 484-8216
invest@silverstandard.com
www.silverstandard.com
Source: Silver
Standard Resources Inc.