Silver Standard Resources, Inc.
SILVER STANDARD RESOURCES INC (Form: 6-K, Received: 02/10/2010 13:43:03)


FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
REPORT OF FOREIGN
PRIVATE ISSUER
 
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
 
 
For February 10, 2010
 
Commission File Number: 0-26424
 
SILVER STANDARD RESOURCES INC.
 
999 West Hastings Street, #1400, Vancouver, British Columbia, Canada V6C 2W2
 
 
 
 
1.     Form 51-102F3, Material Change Report dated February 10, 2010, with attachment  
 
 
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F   þ                 Form 40-F   r
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ________
 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ________
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
Date:   February 10, 2010
 
     SILVER STANDARD RESOURCES INC.
      (Registrant)
 

    /s/ John  J. Kim
  By:    ______________________________
   
John  J. Kim
Assistant Corporate Secretary
 
 
 
 


 
 



Form 51-102F3
Material Change Report
 
 
Item 1
Name and Address of Company
 
Silver Standard Resources Inc.
1400 - 999 West Hastings Street
Vancouver, BC  V6C 2W2
 
Item 2
Date of Material Change
 
February 10, 2010
 
Item 3
News Release
 
The news release dated February 10, 2010 was disseminated through Marketwire’s Canada and US Investment, Continental Europe Finance and UK Media Analysts Networks.
 
Item 4
Summary of Material Change
 
Silver Standard Resources Inc. announced that the ramp-up at its wholly-owned Pirquitas Mine in Argentina is proceeding well and the engineering work for the San Luis Project in Peru and the Pitarrilla Project in Mexico is ongoing.
 
Item 5
Full Description of Material Change
 
 
5.1  Full Description of Material Change
See attached news release dated February 10, 2010.
 
 
5.2 Disclosure for Restructuring Transactions
Not applicable.
 
Item 6
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
 
Not applicable.
 
Item 7
Omitted Information
 
Not applicable.
 
Item 8
Executive Officer
 
Joseph J. Ovsenek, Senior Vice President, Corporate Development
604.689.3846
 
Item 9
Date of Report
 
Dated at Vancouver, BC, this 10 th day of February, 2010

 
 


  February 10, 2010    News Release 10-3
 
PIRQUITAS MINE AND PROJECT DEVELOPMENT UPDATE
 

Vancouver, British Columbia – Silver Standard Resources Inc. (TSX: SSO) (NASDAQ: SSRI) today reports that the ramp-up at its wholly-owned Pirquitas Mine in Argentina is proceeding well and the engineering work for the San Luis Project in Peru and the Pitarrilla Project in Mexico is ongoing.

Pirquitas Mine

At the Pirquitas Mine, 18.0 million tonnes of material have been moved since the mine commenced operations in July 2008.  The mine produced 1.1 million ounces of silver and shipped 800,000 ounces in 2009.  Production in 2010 is planned to be seven million ounces of silver at an average operating cost of $9.00 per ounce silver (net of by-product credits).

The Pirquitas open pit mine operated at the design rate of 43,000 tonnes per day at a cost of $2.15/tonne (material mined) for 2009.  Sulphide ore is currently being exposed.

The plant has a crushing capacity of 6,000 tonnes per day.  This feeds a pre-concentration plant that is designed to feed the mill at a rate of 3,200 tonnes per day.  The mill’s feasibility design capacity was exceeded in both November and December.

The mill is processing transitional ore and is anticipated to process sulphide ore at full capacity in Q2 2010.  The tin circuit is commissioned and will be operated when suitable material is available in Q2 2010.

PIRQUITAS MINE
Preliminary Production Statistics
 
Q3 2009    
Q4 2009  
Total 2009  
Total Material Moved
Kt
4,283
3,826
14,319
Ore Processed
Kt
138
272
410
Silver Grade
g/tonne
129
214
185
Silver Produced
ounces
180,000
934,300
1,114,300

San Luis Project

At San Luis in Peru, geotechnical drilling for the tailings dam is required and has commenced.  The environmental permit application will be submitted when the feasibility study is completed.  The feasibility study is expected to be finalized in the second quarter of 2010 upon completion of the geotechnical drilling and related engineering design work.


Pitarrilla Project

At Pitarrilla in Mexico, the Breccia Ridge underground feasibility study is planned for completion in Q4 2010.  Contracts for the feasibility study engineering work have been awarded.

Snowfield and Brucejack Projects

A preliminary economic assessment has commenced on the Snowfield Project in British Columbia, and is expected to be reported in the second half of 2010. Exploration planning for the summer is well underway for the 2010 exploration campaign for the Brucejack and Snowfield projects.

Silver Standard Resources Inc. is a silver mining company that intends to grow through exploration and the development of its project pipeline.
 

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Contact:

Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A. toll-free: (888) 338-0046 or Direct: (604) 484-8212
invest@silverstandard.com
 
 
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.
 
Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of the company’s projects, mineral reserve and resource estimates, estimates and expectations of future mineral production, expectations regarding the ramp-up, design, tin circuit integration, mine life, production and costs per ounce of silver at the Pirquitas Mine, future plans or future revenues, and the timing of completion of studies, development or potential expansion or improvements, are forward-looking statements as that term is defined in Canadian Securities legislation and 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 including changes in the development of a secondary market for Canadian asset backed commercial paper restructured notes, changes in prices for the company’s mineral products or increases in input costs, variances in ore grade, mill throughput, or recovery rates from those assumed in mining plans, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in places where the company does 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 Form 20-F as amended, and other filings with Canadian regulators and the Securities and Exchange Commission.   Our forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and we do not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
 
The TSX has neither approved nor disapproved of the information contained herein.