VANCOUVER, Jan. 8, 2013 /CNW/ - Silver Standard Resources Inc. (NASDAQ:
SSRI), (TSX: SSO) ("Silver Standard" or the "Company") announced the
appointment of two additional directors, Mr. Gustavo Herrero and Mr.
Steve Reid, to its Board of Directors ("Board"). The Board approved
the appointments to gain additional expertise in the oversight of
operations and development activities in Mexico and South America, key
areas of focus for the Company. The appointments are effective January
8th, 2013, and bring the total number of directors on the Board to eight.
Mr. Herrero is a resident of Buenos Aires, Argentina and is the
Executive Director of the Latin America Research Center (LARC) for
Harvard Business School, located in Buenos Aires. Prior to joining the
LARC in 1999, he was the CEO of IVA S.A., Argentina's largest wool
textile mill, and of Zucamor S.A./Papel Misionero S.A., Argentina's
leading paper and packaging manufacturer. Mr. Herrero serves on the
Board of Directors of Zucamor S.A. in Buenos Aires and of Mobile
Financial Services Holding, a joint venture of Telefonica International
and MasterCard, in Brussels. He sits on the advisory boards of business
schools in Brazil, Venezuela, Peru and Argentina. He also sits on the
advisory boards of the Centro de Implementación de Políticas Públicas
para la Equidad y el Crecimiento (CIPPEC) and the Fundación Red de Acción Política (RAP), both non-governmental organizations in Argentina. Mr. Herrero
holds an MBA from Harvard Business School, where he was a Fulbright
Scholar, and a degree of Licenciado en Administración de Empresas from
the Universidad Argentina de la Empresa.
Mr. Reid has over 35 years of international business experience,
including senior leadership roles in Mexico and South America. He held
the position of Chief Operating Officer of Goldcorp Inc. ("Goldcorp")
from January 2007 until his retirement in September, 2012. He also
served Goldcorp as Executive Vice President, Canada and USA. Prior to
joining Goldcorp, Mr. Reid spent 13 years at Placer Dome Inc. in
numerous corporate, mine management and operating roles, including
Country Manager for Canadian operations. Mr. Reid has also held
leadership positions at Kingsgate Consolidated and Newcrest Mining
Limited, where he was responsible for running operations throughout
Asia and Australia. Mr. Reid holds a Bachelor of Science degree in
Mineral Engineering from the South Australian Institute of Technology.
The Chairman of the Board, Peter Tomsett, said "Mr. Herrero and Mr. Reid
bring extensive business and mining skills to the Board as well as
specific experience in Latin America. Their expertise will strengthen
the Board's ability to oversee the Company as it continues to create
shareholder value through the Pirquitas mine in Argentina and the
development of other assets in Mexico and South America, and in
particular as we move to a construction decision on the Pitarrilla
Silver Standard also announced today the appointment of Alan N.
Pangbourne as Senior Vice President, Projects, and the departure of Joe
Phillips, Senior Vice President, Operations and Development. Mr.
Pangbourne was most recently the Vice President Projects, South
America, at Kinross Gold Corporation. Before this, he held a number of
senior project roles at BHP Billiton Ltd. ("BHPB"), including President
and Chief Operating Officer of Cerro Matoso, BHPB's nickel business in
Colombia. He was also the Projects Director for BHPB's Uranium
Division, which includes the Olympic Dam Expansion, and Project Manager
for BHPB's Spence copper project in Chile. Mr. Pangbourne holds a
Bachelor of Applied Science (Extractive Metallurgy) and a Graduate
Diploma in Mineral Processing from the Western Australian School of
John Smith, President and CEO commented: "As we start 2013, we are well
positioned to move forward with our growth initiatives. Alan's
experience with large projects adds considerable capability to our
team. Additionally, his background in operations and metallurgy
further bolsters the Company's executive capabilities. Joe joined the
company in March 2010 and was instrumental in steering Pirquitas to
predictable performance and the successful completion of the Pitarrilla
Feasibility Study. We thank him for his service and wish him the best."
Cautionary Notice Regarding Forward-Looking Statements:
Statements in this news release that are not historical fact are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and forward-looking
information within the meaning of Canadian securities laws
(collectively "forward-looking statements"). Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results. See the
Company's most recent Form 20-F filed with the U.S. Securities and
Exchange Commission and Canadian regulatory authorities for a
discussion of these risks and uncertainties.
The Company's forward-looking statements are based on what the Company's
management considers to be reasonable assumptions, beliefs,
expectations and opinions based on the information currently available
to it. We cannot assure you that actual events, performance or results
will be consistent with these forward-looking statements, and
management's assumptions may prove to be incorrect. The Company's
forward-looking statements reflect current expectations regarding
future events and operating performance and speak only as of the date
hereof and the Company does 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.
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SOURCE: Silver Standard Resources Inc.
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