By Ivan Y.
Silver Standard (NASDAQ:SSRI), a primary silver miner with projects in Argentina and Mexico, has taken an incredible beating this year. Shares are down 47% for the year as I write this. This article will examine its current mining operation and look ahead toward the future to determine if the stock is worth buying.
SSRI's one and only operating mine is the Pirquitas mine in Argentina. It currently produces about 8 million ounces of silver annually and has high-grade reserves ranging from 130 to 180 grams/tonne. The mine is expected to produce until 2020. That's the good news. The bad news is that with a total cost of $21 per ounce in Q1 2013,...
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