the company just monetized a project that was far down in its pecking order for total consideration of about $83 million:

Silver Standard Resources Inc. ("Silver Standard") (TSX: SSO)(NASDAQ: SSRI) announced today that it has entered into a definitive agreement with Kingsgate Consolidated Limited ("Kingsgate") to sell 100% of the Bowdens project in NSW, Australia ("Bowdens") for an aggregate consideration of A$75 million ($83 million). Kingsgate is an Australian-based company listed on the Australian Stock Exchange.

"This transaction underscores the value of our portfolio and allows us to redeploy capital into accelerating production growth and our strong exploration pipeline," said John Smith, President and Chief Executive Officer of Silver Standard.

Under the terms of the definitive agreement, Silver Standard will sell its interest in Bowdens for:

--  A$35 million in cash at closing;

--  A$30 million in Kingsgate shares at closing;

--  A$5 million in cash payable on December 31, 2011; and

--  A$5 million in cash payable on June 30, 2012.

http://ir.silverstandard.com/releasedetail.cfm?ReleaseID=595350