SSR Mining / SSRM (NYSE, TSX)

VANCOUVER, BRITISH COLUMBIA, Feb 22, 2008 (MARKET WIRE via COMTEX) -- Silver Standard Resources Inc. ("Silver Standard") (CA:SSO) (SSRI: silver std res inc com) announced today the pricing of its previously announced offering of US$120 million (US$138 million if the overallotment option granted to the initial purchasers is exercised in full) aggregate principal amount of senior unsecured convertible notes due March 1, 2028 (the "Convertible Notes") made pursuant to private placement exemptions. The Convertible Notes are being offered and sold at a price of 100% of their face value and will bear interest at a rate of 4.5% per year. Silver Standard expects to receive net proceeds of approximately US$115.6 million (or approximately US$133.1 million if the overallotment option is exercised in full) from the offering of Convertible Notes, after payment of the commissions to the initial purchasers and expenses of the offering.
Silver Standard intends to use part of the net proceeds of the offering to finance a portion of the development costs of its Pirquitas Project and to use the balance of the net proceeds for the exploration of its other properties, for working capital and for general corporate purposes.
The Convertible Notes will be convertible into Silver Standard common shares at a fixed conversion rate, subject to certain anti-dilution adjustments, upon specified events. On conversion, holders of the Convertible Notes will receive cash and, if applicable, common shares (or, at Silver Standard's election, in lieu of such common shares, cash or any combination of cash and common shares). In addition, if certain fundamental changes to Silver Standard occur, holders of the Convertible Notes may be entitled to an increased conversion rate. The Convertible Notes will be convertible into Silver Standard common shares at an initial conversion rate of 23.0792 common shares per US$1,000 principal amount of Convertible Notes converted, representing an initial conversion price of approximately US$43.33 per common share, which is approximately 130% of the closing price of Silver Standard's common shares on the Nasdaq Global Market on February 21, 2008. The offering of Convertible Notes is expected to close on February 27, 2008, subject to receipt of any required regulatory approvals and the satisfaction of customary closing conditions.
Holders of the Convertible Notes will have the right to require Silver Standard to repurchase all or part of their Convertible Notes on March 1 of each of 2013, 2018 and 2023, and upon certain fundamental corporate changes. The repurchase price will be equal to 100% of the principal amount of the Convertible Notes being converted, plus accrued and unpaid interest to, but excluding, the repurchase date. Silver Standard shall pay the purchase price in cash. On and after March 5, 2013, Silver Standard may redeem all or part of the Convertible Notes for cash at a redemption price equal to 100% of the principal amount of the Convertible Notes being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
The offering is being made pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Act"). The offering has not been and will not be registered under the Act, and none of the Convertible Notes or any Silver Standard common shares issuable upon any conversion of the Convertible Notes may be offered or sold in the United States absent registration under the Act or the availability of an applicable exemption from registration requirements. Offers and sales in Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Canadian provincial or territorial securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, director, investor relations at invest@silverstandard.com or call (888) 338-0046.

Jep, ich habe auch nochmal zu 25 aufgestockt. Hätte aber auch nichts dagegengehabt, wenn sich SSRI bei 40 von Anfang des Jahres gehalten hätte. (Wieso verpasse ich es eigentlich immer Gewinne zu realisieren , na ja geht bestimmt nur mir so )

Silver Standard Announces Closing of Public Offering of Common Shares
VANCOUVER, BRITISH COLUMBIA, Feb 27, 2009 (Marketwire via COMTEX News Network) -- Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) reports the closing of its previously announced public offering of common shares (the "Offering"). Pursuant to the Offering, the company today issued 5.45 million common shares at a price of US$17.00 per share, for aggregate net proceeds of approximately US$88 million after underwriting commissions.
The company intends to use the net proceeds from this Offering for the development of mineral properties, working capital requirements, to repay indebtedness outstanding from time to time or for other general corporate purposes.
The company has also granted to the underwriters of the Offering an option, exercisable for a period of 30 days following the closing of the Offering, to purchase additional common shares for additional gross proceeds of up to approximately US$13.9 million.
UBS Securities Canada Inc. acted as lead manager of the Offering. Deutsche Bank Securities Inc.; Credit Suisse Securities (USA) LLC; Dahlman Rose & Co., LLC; Morgan Stanley & Co. Incorporated; Scotia Capital Inc.; Blackmont Capital Inc.; GMP Securities L.P.; National Bank Financial Inc.; and Salman Partners Inc. acted as co-managers of the Offering.
A copy of the final prospectus supplement and the short form base shelf prospectus may be obtained in Canada from UBS Securities Canada Inc. at 161 Bay Street, Suite 4100, Toronto, Ontario M5J 2S1 (416-364-2201 telephone) or in the United States from UBS Securities LLC at 299 Park Avenue, New York, NY 10171 (212-821-3000 telephone).
This news release shall not constitute an offer to sell or a solicitation of an offer to buy common shares nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements: Statements in this news release relating to the offering, the underwriters' overallotment option, and the anticipated use of proceeds are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, the potential exercise of the overallotment option, the need to satisfy the conditions set forth in the underwriting agreement relating to any exercise of the overallotment option, the need to satisfy regulatory and legal requirements with respect to any exercise of the overallotment option; the company'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; 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 the company may carry on business; technological and operational difficulties 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 filings with the Securities and Exchange Commission. (Source: Silver Standard Resources Inc.)
SOURCE: Silver Standard Resources Inc.
Silver Standard Resources Inc.
Robert A. Quartermain
President & CEO
(604) 689-3846
Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A. Toll Free: 1-888-338-0046 or Direct: (604) 484-8212
Email: invest@silverstandard.com
Website: www.silverstandard.com

Copyright (C) 2009 Marketwire. All rights reserved.
News Provided by COMTEX

Silver Standard Resources Inc.: Fourth Quarter 2008 Results and Conference Call
VANCOUVER, BRITISH COLUMBIA, Mar 6, 2009 (Marketwire via COMTEX News Network) -- Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) announces that it will issue a news release with its Fourth Quarter 2008 financial results after the close of the market on Tuesday, March 10, 2008.
A conference call with management to review Fourth Quarter 2008 financial results and project activities is scheduled on Thursday, March 12, 2008 at 11:00 a.m. EDT.
Toll-free in North America: 1-866-400-3310
Toronto local and overseas: 1-416-850-9144
This call will also be web-cast and can be accessed at the following web location:
http://events.snwebcastcenter.com/silverstandard/20081105/
The call will be archived and available at www.silverstandard.com after March 12, 2008.
Audio replay will be available for one week by calling toll free in North America: 1-866-245-6755, passcode 392897; local and overseas callers may telephone 1-416-915-1035, passcode 392897. (Source: Silver Standard Resources Inc.)
Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company'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, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in jurisdictions in which the company operates, technological and operational difficulties 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 filings with the Securities and Exchange Commission.
SOURCE: Silver Standard Resources Inc.
Silver Standard Resources Inc.
Robert A. Quartermain
President
(604) 689-3846
(604) 689-3847 (FAX)
Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A/ Toll Free: 1-888-338-0046 or Direct: (604) 484-8212
Email: invest@silverstandard.com
Website: www.silverstandard.com

Copyright (C) 2009 Marketwire. All rights reserved.
News Provided by COMTEX

Silber Standard: head & shoulder und moglicher cup&handle. Danach. Uber 19 C$ ein sicherer eintrittkurs.

Es scheint mir eigentlich unglaublich dass die Aktien von so eine Firma zu diese Preise verschenkt wird.

SSRI

Finances
US Stock Price $16.89
CA Stock Price $17.31
Shares Outstanding 78.723 Mil
Market Capitalization $1329.3 Mil
Enterprise Value $1407.7 Mil

Cash $132.8 Mil
Debt $211.2 Mil
Cash Burn Rate 17.8 Mil $/Month
Months To Burn 7.4


Trailing P/E N/A
Forward P/E N/A
Price/Book 2.5
Price/Sales 248.3

Comparison Metrics
PP PP+MI PP+MI+Inf All
Enterprise Value Per Unit (EVPU) $/oz 3.0 0.3 0.2 0.2
Speculative Potential (SP) 2.32 2.63 2.84 2.84
Adjusted Speculative Potential (ASP) % 31.6 -9.3 -26.6 -26.6
Leverage Mil $ 1.0

Bin heute hier rein, im Schnitt für 19,3025 CAD. Hätte das früher tun sollen.

Sie haben nach ihrer homepage/fact sheet an Ressourcen: (million oz)
Silver Proven & Probable: 291.9 Measured & Indicated: 1,109.2 Inferred: 518.
Gold Proven & Probable: 0.2 Measured & Indicated: 26.11 Inferred: 16.24

Bei 78.7 Millionen ausgegebener Aktien (fully diluted: 86.6 Millionen) kommen ohne inferred auf jede Aktie 17,8 oz Silber und 0,33 oz Gold. Das ist etwa das 40fache meines Kaufpreises. Andere Metalle und die inferred resources gibts obendrein.

Sonst noch jemand investiert?

Gruß Fritz

David Zurbuchen schreibt über Silver Standard:

http://www.metalaugmentor.com/eforum/

(Ihr müsst auf der Seite etwas runter gehen.)

Sein Ergebnis:

"As can be easily seen, Silver Standard stands head and shoulders above the competition in terms of its "leverage", resource size, and mine life characteristics. At current metal prices our valuation target for Silver Standard comes in at a smokin' hot $51 per share, of which about 50% is attributable to the Snowfield and Brucejack projects. This means the market is still valuing these projects at less than zero. As Silver Standard starts to monetize its vast resource base, we expect the share price to start moving toward our target. If we are right, Silver Standard shares could double even without an increase in metal prices."

Hoffen wir, dass er recht hat. Mit dieser Investition bin ich zufrieden, auch wenn ich die Aktien noch etwas billiger hätte haben können.

Gruß! Fritz

PS. Leider finde ich unter dem Link nicht alles, was ich per (unentgeltlicher) mail bekommen habe. Sehr eindrucksvolle Vergleichsgraphiken.

Heute hat das kursmäßige Desaster bei Silver Standard einen vorläufigen Höhepunkt erreicht. Rund 22% minus ... Im Tief heute ein Kurs, den wir zuletzt 2009 sahen.
Zuletzt musste SSRI wegen Problemen bei der argentinischen Silbermine Pirquitas die Produktion für eine Woche einstellen und das Jahresziel reduzieren. Sehen wir mal auf die Fakten:

Produktion in 2011:
7,3 - 7,6 Mio. Oz. Silber plus Beiprodukte (Zink) in der Pirquitas-Mine (zugegebenermaßen sind die Kosten noch ziemlich hoch = erhebliches Optimierungspotential)

Development-Projekte:
Pitarilla (Mexiko)
San Luis (Peru)
Diablilllos (Argentinien)

Explorations-Projekte:
Nazas (Mexiko)
Parral (Mexiko)
San Augustin (Mexiko)

sowie weitere Projekte in Kanada, USA, Peru und Chile.

Vorhandene Ressourcen/Reserven:

Inferred Res. 386 Mio. Oz. Silber und 1,32 Mio. Oz. Gold
Measures & Indicated Res. 913 Mio. Oz. Silber und 2,31 Mio. Oz. Gold
Reserven 294 Mio. Oz. Silber und 0,29 Mio. Oz. Gold

Ich bekomme derzeit für einen Börsenwert von etwas mehr als 1,2 Mrd. $ fast 1,6 Mrd. Oz. Silber und fast 4 Mio. Oz. Gold !!!

Außerdem schwimmt SSRI nach einigen Projektverkäufen (Bowden an Kingsgate, Brucejack und Snowfield an Pretium Res.) derzeit in Cash & Equivalents von fast 700 Mio. $ !!!

SSRI hält Beteiligungen z.B. an Pretium Res. (28,3%) die dreistellige Millionenbeträge ausmachen

Falls also jemand auf der Suche nach einem passenden Weihnachtsgeschenk ist ... das ist eins!

meint jedenfalls Fab

Ich meine gestern irgendwo überflogen zu haben, dass der CEO die Dividende bis 2015 abgesagt hatte.

hier der Link zur gestrigen Meldung inklusive 3Q-Report und reduzierte R+R auf Pirquitas ... Meldung

Sehr bemerkenswert finde ich diesen Teil des Reports:

Nine

Nine Months Months

Ended Ended

September September

30, 2011 30, 2010

----------------------------------------------------------------------------

Earnings (loss) from mine operations 55,189 (10,841)

----------------------------------------------------------------------------

Earnings (loss) from operations 29,702 (30,907)

----------------------------------------------------------------------------

Net earnings (loss) for the period 77,545 (23,169)

----------------------------------------------------------------------------

Basic earnings (loss) per share 0.97 (0.30)

----------------------------------------------------------------------------

Cash generated (used) in operating activities 12,903 (18,788 )

----------------------------------------------------------------------------

Cash generated by financing activities 19,202 109,589

----------------------------------------------------------------------------

Cash generated by (used in) investing activities 91,487 (81,621)

----------------------------------------------------------------------------

Ist doch ein guter Swing in die richtige Richtung. Und die vielen kleinen Problemchen sollten lösbar sein.

mfG Fab

Zitat von LeFabrizio

Ich bekomme derzeit für einen Börsenwert von etwas mehr als 1,2 Mrd. $ fast 1,6 Mrd. Oz. Silber und fast 4 Mio. Oz. Gold !!!

Außerdem schwimmt SSRI nach einigen Projektverkäufen (Bowden an Kingsgate, Brucejack und Snowfield an Pretium Res.) derzeit in Cash & Equivalents von fast 700 Mio. $ !!!

SSRI hält Beteiligungen z.B. an Pretium Res. (28,3%) die dreistellige Millionenbeträge ausmachen

Falls also jemand auf der Suche nach einem passenden Weihnachtsgeschenk ist ... das ist eins!

Alles anzeigen

Zitat von LeFabrizio

Ich bekomme derzeit für einen Börsenwert von etwas mehr als 1,2 Mrd. $ fast 1,6 Mrd. Oz. Silber und fast 4 Mio. Oz. Gold !!!

Außerdem schwimmt SSRI nach einigen Projektverkäufen (Bowden an Kingsgate, Brucejack und Snowfield an Pretium Res.) derzeit in Cash & Equivalents von fast 700 Mio. $ !!!

SSRI hält Beteiligungen z.B. an Pretium Res. (28,3%) die dreistellige Millionenbeträge ausmachen

... und genau deshalb habe ich mir gestern gut 2000 Stück ins Depot gelegt....

Ergänzend zum bisher Geäußerten hier die wesentlichen Fakten für den Kursverlauf von mineweb.com:

"...Silver Standard shares slump 22% on reserve downgrade
The Canadian miner announced Thursday that it had reduced the proven and probable reserve estimate at its Pirquitas mine by 52% to 93.1 million ounces of contained silver, sending its shares into a steep dive
Posted: Friday , 11 Nov 2011


TORONTO (REUTERS) -
Shares of Silver Standard Resources plunged to their lowest point in nearly three years on Thursday, a day after the company cut the reserves at its Pirquitas mine in Argentina by more than half.
The Canadian miner also said it sees operating costs rising to $35.52 per tonne of silver ore from $22.00.
Silver Standard shares slumped 22.32 percent to C$15.21 on Thursday morning on the Toronto Stock Exchange.
Late on Wednesday, Silver Standard reduced the proven and probable reserve estimate at the Pirquitas mine by 52 percent to 93.1 million ounces of contained silver. That compared with proven and probable reserves of 195.1 million ounces reported in a 2008 technical report.
Silver Standard blamed the reduction on a geological reinterpretation that lowered the amount of recoverable silver, along with higher operating costs.
The company has also mined 18.6 million ounces since production started in 2009, accounting for a portion of the reserve decline.
"While we have taken a prudent approach to Pirquitas' reserves, we have a great exploration team who are focused on finding more ounces," Chief Executive John Smith said in a release.
Silver production at the mine fell to 1.6 million ounces in the quarter from 1.9 million a year earlier, as production hiccups hit output.
The mill at Pirquitas was shut down in July and then again in September due to a gearbox failure, which prompted the firm to cut its 2011 silver production outlook last month to 7.3 million-7.6 million ounces.
On Wednesday, Vancouver-based Silver Standard reported a net profit of $21.8 million, or 27 cents a share for the third quarter, ended Sept. 30. That compared with a loss of $10.4 million, or 13 cents a share, in the year-earlier period.
Total production costs were $24.55 an ounce, compared with $19.89 last year, while revenue from the mine fell 37 percent to $26.2 million.
Silver Standard has a pipeline of 15 projects in Argentina, Peru, Canada, Chile and the United States...."

Die Reservenhalbierung auf Pirquitas sehe ich angesichts der Gesamt R+R als weniger dramatisch an, wenn auch sehr ärgerlich. Ich bekomme immer noch 1,5 Mrd. Oz. Silber für einen Börsenwert von 1,25 Mrd $. Die Kostenhöhe pro Oz. ist natürlich bedenklich, eröffnet aber einen hohen Hebel, falls die Probleme behoben werden können. Aber irgendetwas Alternatives von den übrigen 15 Projekten wird man für 700 Mio. $ Cash sicherlich in Produktion bringen können ... Pitarilla (Mexiko) oder San Luis (Peru) scheinen die Kandidaten dafür zu sein.

Ich denke, hier kann man nicht viel falsch machen.

mfG Fab

Zitat von LeFabrizio

Ich denke, hier kann man nicht viel falsch machen.

Oh doch man kann zu früh einsteigen. Ich bin bei 16 $ rein, da ich die Aktie auch als unterbewertet empfand. Was momentan abgeht ist einfach nicht mehr zu erklären. MK bei < 1100 Mio. Tendenz fallend.

Habe mir heute in der Früh auch ein paar genehmigt ..

Filled Buy XXXX SSRI Limit 13.71 - -- 09:49:37 11/17/11

time will tell ..

Der Kursverlauf von SSRI ist ja schon ein Wahnsinn. Aber dass sich SSRI unterdurschnittlich entwickelte und gerade nach den Zahlen stark nachgeben musste konnte nach diesen News nicht überraschen. Ich kenne mich diesbezüglich zu wenig aus und masse mir auch keine Beurteilung über das Management an (vielleicht kann sich ja ein anderer darüber äussern?), aber eine Halbierung der Reserven und eine Erhöhung der Kosten in wirklich luftige Höhen, die wohl einzigartig und unerreicht sind, sind schon starker Tobak. Je nach weiterer Entwicklung der Kosten und von Silber wäre es gar möglich, dass SSRI einen Teil seiner Cash Reserven brauchen wird, um Verluste zu decken.... unschön, wenn man über 7 Mio Unzen Silber produziert und dies nicht profitabel tun kann. Aber soweit ist ja nicht, sowohl Silber (wovon ich ja auch aussgehe) als auch Kosten können sich ja in freundlichere Gefielde entwickeln.

Der Chart sieht für mich so grottenschlecht aus, dass es eigentlich bald nur noch besser kommen kann. Mir scheint, dass wir in der Welle 5 sind und nun einen Boden suchen müssen. Ich glaube, dass dieser aber noch nicht gefunden wurde. Es fehlt mir noch ein letzter Auswasch mit Umkehr. Im Bereich um 11.50 bis 12 $ könnte dies dann der Fall sein.

...unter der Ananhme , dass sich da zwischen 16 und 20 eine Bearflag in der 'Mitte' der Bewegung ausgebildet hat.

[Blockierte Grafik: http://www.abload.de/img/bild14g8cg.gif]

Ich habe schon beim downer letzte Woche eine erste Position rein genommen. Worst case (technisch) unter der Annahme einer 3pdh Formation wäre 7,5.

[Blockierte Grafik: http://www.abload.de/img/bild6ow44p.gif]

(Chart von letzter Woche)