SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion
Original announcement by tmx on
- Company
- SSR Mining Inc.
- Ticker
- SSRM
- Exchange
- TSX
- Region
- Colorado, USA
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Production
- Extracted
- 2026-08-26 11:15:43 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
SSR Mining announced an initial 12-year Life of Mine plan for its Cripple Creek & Victor Gold Mine (CC&V) in Colorado, USA, projecting an after-tax NPV5% of $824 million. The plan is supported by 2.8 million ounces of gold Mineral Reserves and an additional 4.8 million ounces of Measured & Indicated Mineral Resources, plus 2.0 million ounces of Inferred Mineral Resources. The company sees significant potential for future growth and reserve conversion at the operation.
Reasoning: SSR Mining's initial 12-year Life of Mine plan for CC&V presents a robust economic outlook with an NPV5% of $824 million, underpinned by significant gold reserves and resources. The plan highlights substantial potential for future growth through reserve conversion and exploration, indicating a long-term, value-generating asset, despite the typical lower grades associated with large-scale open-pit heap leach operations.
Positive factors
- Significant NPV5% of $824 million for the 12-year LOM plan
- Substantial Mineral Reserves (2.814 Moz) and Resources (4.845 Moz M&I, 1.966 Moz Inferred)
- Clear potential for future growth and reserve conversion from existing resources
- Strong M&I confidence (69.7% M&I of total resources)
- Compliance with S-K 1300 reporting standard and QP sign-off
Negative factors
- Relatively low average gold grades for open-pit operation
- Gold recovery for heap leach is at the lower end of the moderate range
Facts used in scoring: 13
Classification and evidence
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 115.16 Mt at 0.43 g/t Au for 1.594 Moz of Proven Reserves, indicating a high-confidence resource category.
Evidence · table
“Proven Tonnage (kt)”
Context: 115,160
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 48.49 Mt at 0.40 g/t Au for 0.627 Moz of Probable Reserves from the pit and an additional 71.48 Mt at 0.26 g/t Au for 0.593 Moz from stockpile, indicating a well-defined resource category.
Evidence · table
“Probable Tonnage (kt)”
Context: 48,493
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports 157.19 Mt at 0.49 g/t Au for 2.458 Moz of Measured Resources, representing the highest confidence resource category.
Evidence · table
“Measured Tonnage (kt)”
Context: 157,193
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports 149.14 Mt at 0.43 g/t Au for 2.079 Moz of Indicated Resources from the pit and an additional 38.51 Mt at 0.25 g/t Au for 0.308 Moz from stockpile, indicating a reasonable level of geological confidence.
Evidence · table
“Indicated Tonnage (kt)”
Context: 149,138
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports 149.60 Mt at 0.41 g/t Au for 1.966 Moz of Inferred Resources, which is a speculative category with lower geological confidence.
Evidence · table
“Inferred Tonnage (kt)”
Context: 149,603
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.
Evidence · text
“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”
SEC S-K 1300 Compliantpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The TRS has been prepared in accordance with S-K 1300, a high reporting standard for mineral projects in the US.
Evidence · text
“The TRS, with an effective date of July 1, 2025, has been prepared in accordance with S-K 1300”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The document clearly states the gold cut-off grades for both crush leach (0.10 g/t Au) and run of mine leach (0.069 g/t Au) for both reserves and resources.
Evidence · text
“Gold cut-off grade for crush leach is 0.10g/t Au extractable cyanide soluble (factored for recovery) and run of mine leach is 0.069 g/t Au extractable cyanide soluble (factored for recovery)”
Heap Leach Routeneutral · Story-specific tag
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The LOM plan includes processing via heap leach, with references to 'Valley Leach Facility' and 'heap leach pad capacity'.
Evidence · text
“Valley Leach Facility (“VLF”) capacity for the placement of additional ore tonnes.”
Multi-Domain Testedpositive · Story-specific tag
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: The document states that metallurgical recoveries vary by lithology and oxidation state, indicating consideration of different ore domains.
Evidence · text
“Metallurgical recoveries varies by lithology and oxidation state and ranges between 24.8% - 94.9%”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces the results of a Technical Report Summary (TRS) for the Cripple Creek & Victor Gold Mine, updating its Mineral Reserves and Resources.
Evidence · text
“SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The announcement of an 'Initial 12 Year Life of Mine Plan' with detailed economic and operating metrics, including NPV and AISC, indicates a study level consistent with a Pre-Feasibility Study.
Evidence · text
“Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The document highlights 'potential for further Mineral Reserve Conversion' and 'nearly five million ounces of Measured & Indicated Mineral Resources and two million ounces of Inferred Mineral Resources, there is a clear opportunity for future growth'.
Evidence · text
“potential for further Mineral Reserve Conversion”
Extracted facts
Stored fact records: 13. Some facts used in scoring do not have a stored record.
Resource Estimates (13)
provenCC&V · goldTonnes: 115160000Grade: 0.43Grade Unit: g/tContained Metal: 1594Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- proven
- Tonnes
- 115160000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 1594
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The proven reserve of 115.16 Mt at 0.43 g/t Au, containing 1.594 Moz, represents a substantial and high-confidence portion of the LOM plan, compliant with S-K 1300 standards.
Positive factors
- Significant proven reserve tonnage and contained gold
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“115,160”
Context: Proven Tonnage (kt)
probableCC&V · goldTonnes: 48493000Grade: 0.4Grade Unit: g/tContained Metal: 627Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- probable
- Tonnes
- 48493000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 627
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The probable reserve of 48.49 Mt at 0.40 g/t Au, containing 0.627 Moz, adds a significant, albeit lower confidence, component to the LOM plan, compliant with S-K 1300 standards.
Positive factors
- Significant probable reserve tonnage and contained gold
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“48,493”
Context: Probable Tonnage (kt)
probableCC&V · goldTonnes: 71481000Grade: 0.26Grade Unit: g/tContained Metal: 593Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- probable
- Tonnes
- 71481000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 593
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The probable reserve from stockpile of 71.48 Mt at 0.26 g/t Au, containing 0.593 Moz, contributes to the overall reserve base, though at a lower grade typical of stockpiled material.
Positive factors
- Significant probable reserve tonnage from stockpile
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is below the 'weak' category for open-pit gold, reflecting stockpile material
Evidence · table
“71,481”
Context: Stockpile
measuredCC&V · goldTonnes: 157193000Grade: 0.49Grade Unit: g/tContained Metal: 2458Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- measured
- Tonnes
- 157193000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 2458
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The measured resource of 157.19 Mt at 0.49 g/t Au, containing 2.458 Moz, represents a high-confidence resource base for future conversion, compliant with S-K 1300 standards.
Positive factors
- Large measured resource tonnage and contained gold, indicating high geological confidence
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“157,193”
Context: Measured Tonnage (kt)
indicatedCC&V · goldTonnes: 149138000Grade: 0.43Grade Unit: g/tContained Metal: 2079Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- indicated
- Tonnes
- 149138000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 2079
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The indicated resource of 149.14 Mt at 0.43 g/t Au, containing 2.079 Moz, provides a substantial, well-defined resource for potential conversion, compliant with S-K 1300 standards.
Positive factors
- Significant indicated resource tonnage and contained gold, providing a strong base for future studies
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“149,138”
Context: Indicated Tonnage (kt)
indicatedCC&V · goldTonnes: 38514000Grade: 0.25Grade Unit: g/tContained Metal: 308Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- indicated
- Tonnes
- 38514000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 308
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The indicated resource from stockpile of 38.51 Mt at 0.25 g/t Au, containing 0.308 Moz, contributes to the overall resource base, though at a lower grade typical of stockpiled material.
Positive factors
- Significant indicated resource tonnage from stockpile
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Grade is below the 'weak' category for open-pit gold, reflecting stockpile material
Evidence · table
“38,514”
Context: Stockpile
inferredCC&V · goldTonnes: 149603000Grade: 0.41Grade Unit: g/tContained Metal: 1966Contained Unit: kozView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource Data
- Category
- inferred
- Tonnes
- 149603000
- Grade
- 0.41
- Grade Unit
- g/t
- Contained Metal
- 1966
- Contained Unit
- koz
- Cutoff Grade
- 0.069
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The inferred resource of 149.60 Mt at 0.41 g/t Au, containing 1.966 Moz, represents substantial future growth potential, though it requires further drilling to upgrade confidence.
Positive factors
- Large inferred resource tonnage and contained gold, indicating significant exploration potential
- Compliant with S-K 1300 reporting standard
- Clear cut-off grade disclosure
Negative factors
- Inferred category has lower geological confidence
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“149,603”
Context: Inferred Tonnage (kt)
Fact 8CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The average life of mine gold recovery of 51.6% is consistent with a heap leach processing route, reflecting the technical analysis for the LOM plan and considering metallurgical variability.
Positive factors
- Recovery is within the expected range for a heap leach operation
- Metallurgical variability across lithology and oxidation states has been considered
Negative factors
- Recovery is at the lower end of the moderate range for gold heap leach
Evidence · table
“51.6”
Context: Gold Recovery
Fact 9CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The 12-year mine life with 2.8 million ounces of gold production demonstrates a substantial and long-term asset for SSR Mining.
Positive factors
- Significant total gold production over the mine life
- Long mine life provides stability and long-term cash flow
Evidence · text
“12-year mine life, 26 years of total production based on 2.8 million ounces of gold Mineral Reserves”
Fact 10CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The All-In Sustaining Costs of $2,135/oz over the five-year profile provide a clear cost structure for the operation, which is a key metric for evaluating profitability.
Evidence · table
“$2,135”
Context: All-In Sustaining Costs (non-GAAP)
Fact 11CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The after-tax NPV5% of $824 million at consensus gold prices highlights the significant economic value of the CC&V operation.
Positive factors
- High NPV5% indicates strong project economics and value creation
- Sensitivity analysis shows significant upside at higher gold prices
Evidence · text
“After-tax NPV 5% of $824 million at consensus gold prices”
Fact 12CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The total ore mined of 226 Mt with a low strip ratio of 0.65:1 indicates an efficient and large-scale open-pit operation.
Positive factors
- Low strip ratio indicates efficient mining operations
- Large total ore mined supports long mine life
Evidence · table
“226”
Context: Total Ore Mined
Fact 13CC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-11T00:00:00.000Z
Reasoning: The average stacked ore grade of 0.39 g/t Au is typical for a large-scale, bulk tonnage heap leach operation, contributing to the overall production profile.
Negative factors
- Grade is at the lower end of the 'weak' category for open-pit gold
Evidence · table
“0.39”
Context: Ore Grade Stacked
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.