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SSR Mining Utilizes ARES PRISM for Cost Management & Project Forecasting

February 16, 2021

ARES PRISM project controls software was selected by SSR Mining to increase efficiency, provide transparency, and optimize SSR Mining's portfolio management strategy.

SSR Mining Inc., an intermediate gold company with four producing assets located in USA, Turkey, Canada, and Argentina, has chosen ARES PRISM project controls software to help manage project costs and develop forecasts.

“At SSR Mining, we aim to maximize productivity, pursue efficiencies wherever we can, and optimize our portfolio management strategy,” Vince Sanderson, Manager of Project Controls at SSR Mining, said. “ARES PRISM will help our organization with these objectives by increasing efficiency and providing transparency on our projects.”

ARES PRISM is a project management system that provides cost control, accurate forecasts, and performance measurement. SSR Mining has selected the cost management and procurement management modules to enable them to better track their project’s cost data, as well as manage requisitions and purchase orders all in one centralized location.

SSR Mining will also take advantage of the project controls software’s change management and earned value management functionalities. With change management, they can monitor, manage, and optimize the changes that occur throughout their projects’ lifecycles. As ARES PRISM is an earned value management system (EVMS), SSR Mining will be able to analyze their project’s performance and identify issues early enabling swift resolutions if needed.

“We are thrilled that SSR Mining selected ARES PRISM for their cost, change, and procurement management needs,” Geoffrey Stubson, Chief Financial Officer of ARES Project Management, LLC, said. “As a trusted and proven solution in the mining industry, I have no doubt that ARES PRISM will support SSR Mining in achieving their business goals.”

ARES PRISM software is utilized across many sectors including mining, infrastructure, oil and gas, energy, utilities, construction, and more to manage the performance of projects at every stage all within a single platform. Clients enjoy the flexibility of choosing the ARES PRISM products they need to fit their portfolio, whether it is estimating, cost management, engineering management, procurement, document management, contract management, field management, executive dashboards, or our integration platform.
For more information about ARES PRISM, please contact prisminfo@aresprism.com

About SSR Mining Inc.:
SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, their four operating assets produced approximately 711,000 gold-equivalent ounces. Learn more at www.ssrmining.com.

About ARES PRISM:
ARES PRISM is enterprise project controls software that manages the complete project lifecycle delivering dependable forecasts, cost control, and performance measurement. PRISM is a scalable, robust and intuitive system that harnesses industry best practices and integrates all aspects of the project, including cost and schedule, change management, project estimating, earned value, contracts & procurement, and field progressing. Achieve superior project management with increased visibility and control, boosted accuracy and efficiency, and improved financial performance. Learn more at www.aresprism.com.

Source: https://www.1888pressrelease.com/ssr-mining-utilizes-ares-prism-for-cost-management-project-pr-687707.html
 
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