U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that its Board of Directors has authorized a new $200 million share repurchase program and declared the Company's twenty-first consecutive quarterly cash dividend.

"The new $200 million repurchase authorization and dividend declaration reflect our commitment to returning capital to our shareholders as part of a balanced capital allocation strategy," said Bryan Shinn, president and chief executive officer. "As a result of our capacity expansion efforts and the continued strength of our operating performance, we are confident in our ability to deliver strong free cash flow going forward. U.S. Silica is uniquely positioned to redeploy our free cash flow to invest in our growth, manage our leverage and return significant capital to shareholders as we work to deliver long-term value."

The timing and amount of any repurchases under the new authorization will be determined by management based on market conditions and other considerations.

The quarterly cash dividend of $0.0625 per common share will be payable on July 6, 2018 to shareholders of record as of the close of business on June 15, 2018.

About U.S. Silica

U.S. Silica Holdings, Inc., a member of the Russell 2000, is a leading producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications. Over its 118-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 260 products to customers across our end markets. The Company currently operates nine industrial sand production plants and eight oil and gas sand production plants. The Company is headquartered in Frederick, Maryland and also has offices located in Chicago, Illinois and Houston, Texas.