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| Silver Standard Appoints Paul Benson as President & CEO - Analyst Blog | |
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Silver Standard Resources Inc. SSRI declared that its President and CEO, John Smith will retire from his role, effective Jul 31, 2015. The company’s board has named Paul Benson as the new President and CEO. Effective Aug 1, 2015, Benson will assume his duty.
Even after his retirement, Smith will act as an advisor to Benson and the board till Dec 31, 2015. According to Smith, Silver Standard will gain from Benson’s leadership and experience. He added that the company is well placed globally and follows a disciplined growth plan. Silver Standard’s board too is confident about the leadership skills of the new President and CEO.
According to Peter Tomsett, Chairman of the board, Smith had brought about a transformation in the management team, expanded the company’s portfolio and improved its operational capacity. Management is certain that as the new President and CEO, Benson will carry forward Smith’s legacy and help strengthen this platform for the company’s long-term success and growth.
Silver Standard recently reported its second-quarter operational results and revised full-year 2015 outlook for its Pirquitas and Marigold mines. Gold and silver production in the first half of 2015 was recorded as 104,283 ounces and 5.2 million, respectively.
Silver Standard expects the Pirquitas mine to produce 9.5–10.5 million ounces of silver in 2015, 5% higher than its previous outlook of 9–10 million ounces of silver. The company reaffirmed its zinc production guidance of 10–12 million pounds for 2015. Also, it now expects the Marigold mine to produce gold in the range of 195,000–205,000 ounces in 2015, 19% higher than its earlier projection of 160,000–175,000 ounces.
The related cost guidance for the above-mentioned mines will be revealed when the company reports its second-quarter earnings.
Silver Standard currently sports a Zacks Rank #1 (Strong Buy).
Other well-placed companies in the mining space include Endeavour Silver Corp. EXK, Fresnillo PLC FNLPF and Newmont Mining Corporation NEM, all carrying a Zacks Rank #2 (Buy).
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Silver Standard Resources Inc.
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PRODUCTEUR |
CODE : SSO.TO |
ISIN : CA82823L1067 |
CUSIP : 82823L 106 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Standard est une société de production minière d'argent basée au Canada. Silver Standard est productrice d'argent, de étain et de zinc en Argentine, en développement de projets d'argent et d'or au Perou, et détient divers projets d'exploration au Perou. Son principal projet en production est PIRQUITAS en Argentine, son principal projet en développement est SAN LUIS PROJECT au Perou et ses principaux projets en exploration sont CANDELARIA NEVADA et BERENGUELA au Perou, VETA COLORADA, PITARILLA, PENASCO QUEMADO et SAN AGUSTIN au Mexique, SUNRISE LAKE au Canada, CHALLACOLLO au Chili et DIABLILLOS et MAVERICK SPRINGS en Argentine. Silver Standard est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,4 milliards CA$ (1,1 milliards US$, 961,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 04 septembre 1998 à 1,01 CA$, et son plus haut niveau récent le 02 août 2017 à 12,01 CA$. Silver Standard possède 119 400 000 actions en circulation. |