Silver Standard Completes Transaction on Diablillos and M-18 Projects

VANCOUVER, Nov. 2, 2016 /CNW/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") announces today that it has completed the transaction on its Diablillos and M-18 projects with Huayra Minerals Corporation ("Huayra") for aggregate consideration including approximately $14 million payable over the first five years and a 19.9% equity interest in Huayra.  Huayra is a company focused on exploration and development of mineral properties in Argentina. This transaction was previously announced in Silver Standard's news release dated September 19, 2016.

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SOURCE Silver Standard Resources Inc.

W. John DeCooman, Jr., Vice President, Business Development and Strategy, Silver Standard Resources Inc., Vancouver, BC, N.A. toll-free: [phone], All others: [phone], E-Mail: [email protected]