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<SEC-DOCUMENT>0000921638-10-000007.txt : 20100322
<SEC-HEADER>0000921638-10-000007.hdr.sgml : 20100322
<ACCEPTANCE-DATETIME>20100202152345
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000921638-10-000007
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVER STANDARD RESOURCES INC
		CENTRAL INDEX KEY:			0000921638
		STANDARD INDUSTRIAL CLASSIFICATION:	MINERAL ROYALTY TRADERS [6795]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
		BUSINESS PHONE:		604-689-3846

	MAIL ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>
<head>
    <title>sec-letter100202.htm</title>
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    <div>&#160;</div>
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      <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
    </div>
    <div><br>&#160;<br></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">February 2,
2010</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Securities
and Exchange Commission</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Division of
Corporate Finance</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">100 F Street,
N.E.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Washington, D.C.
20549</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>

      <div>&#160;</div>
      <div align="left">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="50%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr>
              <td width="10%">
                <div><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Attention:</font></font></div>
                <div>&#160;</div>
              </td>
              <td width="40%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Mr. Brad Skinner</font>
      </font>

                <div><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt"><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Senior Assistant Chief
      Accountant</font></font></div>
              </td>
            </tr></table>
      </div>
      <div align="left">&#160;</div>
      <div align="left">&#160;</div>
    </div>
    <div align="left">
      <table bgcolor="white" cellpadding="0" cellspacing="0" width="70%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr>
            <td width="10%" style="BORDER-BOTTOM: 4px; BORDER-LEFT: medium none; BORDER-TOP: medium none">
              <div><font size="2" style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Re:</font></div>
              <div><font size="3">&#160;</font></div>
              <div><font size="3">&#160;</font></div>
              <div>&#160;</div>
            </td>
            <td width="60%" style="BORDER-BOTTOM: 4px; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
              <div><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Silver Standard
      Resources Inc.</font></div>
              <div><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Form 20-F/A for
      Fiscal Year Ended December 31, 2008</font></div>
              <div><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt"><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">Filed initially on March 31,
      2009 and Amended on August 10, 2009</font></font></div>
              <div><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt"><font style="FONT-FAMILY: calibri; FONT-SIZE: 12pt">File No.
      000-26424</font></font></div>
            </td>
          </tr></table>
    </div>
    <div>&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

      <div>
        <hr align="left" noshade size="1" width="100%">
      </div>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Dear Mr.
Skinner,</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We hereby
acknowledge receipt of the comment letter dated December 28, 2009 (the &#8220;Comment
Letter&#8221;) from the staff (the &#8220;Staff&#8221;) of the Securities and Exchange Commission
(the &#8220;Commission&#8221;) concerning the above captioned Annual Report on Form 20-F/A
for the fiscal year ended December 31, 2008 (the &#8220;20-F&#8221;).</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Further to our
initial response of January 12, 2010, we submit this letter in response to the
Comment Letter.&#160;&#160;For ease of reference, we have reproduced the text of
the comments in bold-face type below, followed by our
responses.&#160;&#160;Terms used but not defined herein have the meanings set
forth in the 20-F.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <div>
        <hr align="left" noshade size="1" width="100%">
      </div><br></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 13pt; FONT-WEIGHT: bold">RESPONSES
TO STAFF COMMENTS</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; TEXT-DECORATION: underline">Form
20-F/A for the Fiscal Year Ended December 31, 2008</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; TEXT-DECORATION: underline">Operating
and Financial Review and Prospects, page 2</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; TEXT-DECORATION: underline">Financial
Results from Operations, page 9</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">1.</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">We
      note that you have not provided a discussion of your results of operations
      for the year ended December 31, 2006.&#160;&#160;Please note that Item 5
      of Form 20<font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">-</font>F
      requires you to discuss your financial condition, changes in financial
      condition and results of operations for each year for which financial
      statements are required.</font></div>
            </td>
          </tr></table>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Response:</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We have amended
our Form 20-F to include a discussion of our results of operations for the year
ended December 31, 2006 pursuant to the requirements of Item 5 of Form 20-F, as
requested.&#160;&#160;The amended Form 20-F was filed on February 2,
2010.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; TEXT-DECORATION: underline">Note
18 &#8211; Material Differences Between Canadian and United States Generally Accepted
Accounting Principles (GAAP), page F-39</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
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              <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">2.</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">We
      note your disclosure in which you state, &#8220;When proven and probable
      reserves are determined for a property and a final feasibility study
      prepared, any subsequent exploration and development costs of a property
      are capitalized.&#8221;&#160;&#160;Further, we note you state, &#8220;Once in
      production, any subsequent development costs would be treated as
      production costs charged to
production.&#8221;</font></div>
            </td>
          </tr></table>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Under
U.S. GAAP, the costs incurred after mineral reserves have been established are
commonly developmental in nature, when they relate to constructing the
infrastructure necessary to extract the reserves, preparing the mine for
production, and are on this basis capitalized.&#160;&#160;On the other hand,
exploratory costs are those typically associated with efforts to search for and
establish mineral reserves, beyond those already found, and should be expensed
as incurred regardless of the existence of reserves or the stage of development
of the business enterprise.&#160;&#160;Further production costs are those
typically incurred to operate and maintain the mines and related equipment and
facilities.&#160;&#160;Therefore, the accounting treatment that you describe for
exploration, development and production costs does not reflect sufficient
distinction in the character of these costs for U.S. GAAP purposes.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Please
modify your accounting policy disclosure for U.S. GAAP as necessary to
differentiate between exploration, development and production costs, and to
ensure correlation of these terms with your reserve findings, and stage of
operations, based on the definitions set forth in Industry Guide
7.&#160;&#160;In addition, please tell us any changes that you would need to
make to your U.S. GAAP reconciliation to comply with this guidance.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt"><font style="FONT-FAMILY: Calibri; FONT-SIZE: 12pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Response:&#160;&#160;</font>In
future filings, we propose to revise the note disclosure to clarify the
differences between exploration, development and production costs and to explain
their correlation with our reserve findings and the stage of operations as
follows:</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#8220;Under Canadian
GAAP, the costs of acquiring mineral properties and related development
expenditures are deferred.&#160;&#160;Exploration expenditures are deferred if
they are considered to meet the definition of an asset.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">For U.S. GAAP
purposes, all mineral property costs incurred during the exploration stage are
expensed as incurred.&#160;&#160;Periodic option payments that meet the
definition of a mineral property right, as defined in EITF 04-2, <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">"Whether
Mineral Rights are Tangible or Intangible Assets&#8221;</font>, are viewed as a
tangible asset and capitalized.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">When proven and
probable reserves have been determined for a property and a final feasibility
study is prepared, any subsequent development costs incurred on the property,
such as those relating to constructing the infrastructure necessary to extract
the reserves and preparing the mine for production, are
capitalized.&#160;&#160;Any subsequent exploration expenditures associated with
efforts to search for and establish mineral reserves beyond those already found,
are expensed.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Once in the
production stage, all costs incurred to maintain the mine and the related
equipment and facilities are expensed as incurred.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">In early April
2006, a Feasibility Study Update for the Pirquitas property was
completed.&#160;&#160;This study defined proven and probable reserves and, as a
consequence, subsequent development costs have been deferred under U.S.
GAAP.&#8221;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We have
determined that the clarification of our accounting policy disclosure for U.S.
GAAP would not result in any measurement change in our U.S. GAAP
reconciliation.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">&#160;</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Summary</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We acknowledge
that:</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">(a)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We are
      responsible for the adequacy and accuracy of the disclosure in our filings
      and this letter;</font></div>
            </td>
          </tr></table>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">(b)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Staff
      comments or changes to disclosure in response to staff comments do not
      foreclose the Commission from taking any action with respect to the
      filing; and</font></div>
            </td>
          </tr></table>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">
      <table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
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            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">(c)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">We may not
      assert staff comments as a defense in any proceeding initiated by the
      Commission or any person under the federal securities laws of the United
      States.</font></div>
            </td>
          </tr></table>
    </div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Subsequent to
your review should you have further questions or comments to the responses
provided above please contact me at 604.689.3846.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Yours very
truly,</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt; TEXT-DECORATION: underline">/s/_Tom
S.Q. Yip__________________</font></font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Tom S.Q.
Yip</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Chief Financial
Officer</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Calibri; FONT-SIZE: 12pt">Silver Standard
Resources, Inc.</font></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
    <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
    <div>&#160;</div>
    <div><br>&#160;</div>
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