Seabee Gold Operation

High Grade Underground Mines

The Seabee Gold Operation is located near Laonil Lake, Saskatchewan, Canada approximately 125 kilometers northeast of the town of La Ronge. Silver Standard acquired the Seabee Gold Operation on May 31, 2016 as a result of the Claude Resources Inc. acquisition.

The Seabee Gold Operation consists of two underground gold mines, the Santoy mine and the Seabee mine. The Santoy mine has been in continuous commercial production since 2014. Commercial production at the Seabee mine commenced in 1991. Ore from both mines is processed at the Seabee mill facility, which has been in operation since 1991 and has current processing capacity of 850 tonnes per day. The Seabee mill facility produces doré bars that are shipped to a third party refinery. Access to the mine site is by fixed wing aircraft from La Ronge, Saskatchewan or Flin Flon, Manitoba to a 1,275-meter airstrip located on the property. Equipment and large supplies are transported to the site via a 60 kilometer winter road, which is typically in use from January through March.

Highlights of the Seabee Gold Operation include:

  • Delivered record gold production: Produced a record 75,748 ounces of gold in 2015.

  • 2016 Production guidance: Anticipated production of between 65,000 and 72,000 ounces of gold.

  • Exploration potential: Over 23,000 hectares of an underexplored, prospective greenstone belt land position. Exploration activities in 2016 are focused on several near mine targets and the conversion of Mineral Resources to Mineral Reserves.

For historical information on the Seabee Gold Operation and Claude Resources, please visit http://www.sedar.com.


Gordon Reed, P.Eng. and Brian Skanderbeg, P.Geo., each of whom is a Qualified Person, have reviewed and approved the foregoing disclosure on the Seabee Gold Operation. Mr. Reed is an employee of the company. Please refer to the technical report entitled "Mineral Resource and Mineral Reserve Estimate Seabee Gold Operation Saskatchewan, Canada" dated December 23, 2013 and available on www.sedar.com.

This page contains forward-looking statements. Please see the following link: Legal.

Reserves
And Resources