# 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 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933 Original source: https://money.tmx.com/en/quote/SSRM/news/8452025742001718/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of- Publisher: tmx Original announcement: 2025-11-11T00:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant NPV5% of $824 million for the 12-year LOM plan - Positive factor: Substantial Mineral Reserves \(2.814 Moz\) and Resources \(4.845 Moz M&I, 1.966 Moz Inferred\) - Positive factor: Clear potential for future growth and reserve conversion from existing resources - Positive factor: Strong M&I confidence \(69.7% M&I of total resources\) - Positive factor: Compliance with S-K 1300 reporting standard and QP sign-off - Negative factor: Relatively low average gold grades for open-pit operation - Negative factor: Gold recovery for heap leach is at the lower end of the moderate range Facts used in scoring: 13 ## Classification and evidence **Proven Reserve** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Story-specific tag Definition: 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 Disclosed** Polarity: positive Definition: 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 Route** Polarity: neutral Story-specific tag Definition: 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 Tested** Polarity: positive Story-specific tag Definition: 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 Update** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 Growth** Polarity: positive Definition: 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) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-0) CC&V · gold #### 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 factor: Significant proven reserve tonnage and contained gold - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is at the lower end of the 'weak' category for open-pit gold Evidence · table > 115,160 Context: Proven Tonnage \(kt\) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-1) CC&V · gold #### 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 factor: Significant probable reserve tonnage and contained gold - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is at the lower end of the 'weak' category for open-pit gold Evidence · table > 48,493 Context: Probable Tonnage \(kt\) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-2) CC&V · gold #### 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 factor: Significant probable reserve tonnage from stockpile - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is below the 'weak' category for open-pit gold, reflecting stockpile material Evidence · table > 71,481 Context: Stockpile ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-3) CC&V · gold #### 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 factor: Large measured resource tonnage and contained gold, indicating high geological confidence - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is at the lower end of the 'weak' category for open-pit gold Evidence · table > 157,193 Context: Measured Tonnage \(kt\) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-4) CC&V · gold #### 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 factor: Significant indicated resource tonnage and contained gold, providing a strong base for future studies - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is at the lower end of the 'weak' category for open-pit gold Evidence · table > 149,138 Context: Indicated Tonnage \(kt\) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-5) CC&V · gold #### 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 factor: Significant indicated resource tonnage from stockpile - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Grade is below the 'weak' category for open-pit gold, reflecting stockpile material Evidence · table > 38,514 Context: Stockpile ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-6) CC&V · gold #### 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 factor: Large inferred resource tonnage and contained gold, indicating significant exploration potential - Positive factor: Compliant with S-K 1300 reporting standard - Positive factor: Clear cut-off grade disclosure - Negative factor: Inferred category has lower geological confidence - Negative factor: Grade is at the lower end of the 'weak' category for open-pit gold Evidence · table > 149,603 Context: Inferred Tonnage \(kt\) ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-7) CC&V · gold #### 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 factor: Recovery is within the expected range for a heap leach operation - Positive factor: Metallurgical variability across lithology and oxidation states has been considered - Negative factor: Recovery is at the lower end of the moderate range for gold heap leach Evidence · table > 51.6 Context: Gold Recovery ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-8) CC&V · gold #### 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 factor: Significant total gold production over the mine life - Positive factor: 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 10 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-9) CC&V · gold #### 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 11 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-10) CC&V · gold #### 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 factor: High NPV5% indicates strong project economics and value creation - Positive factor: Sensitivity analysis shows significant upside at higher gold prices Evidence · text > After-tax NPV 5% of $824 million at consensus gold prices ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-11) CC&V · gold #### 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 factor: Low strip ratio indicates efficient mining operations - Positive factor: Large total ore mined supports long mine life Evidence · table > 226 Context: Total Ore Mined ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/ssr-mining-announces-initial-12-year-life-of-mine-plan-for-cc-v-with-an-npv5-of--8b6f385c-5f74-4e60-b3c0-4a46bbde8933#fact-resource-facts-12) CC&V · gold #### 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 factor: 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.