Wednesday, May 22, 2013

Aurcana Corporation - AUN.v

Aurcana Corporation - AUN.v owns 100% of the Shafter silver mine and 92% of the La Negra silver-copper-lead-zinc mine.

The Shafter silver mine, located in Presidio County, S.W. Texas, has a NI 43-101 silver resource of 24.6 million ounces Measured and Indicated .




On August 29, 2014 the company released Numbers

Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF”) is pleased to report its unaudited financial results for the second quarter ended June 30, 2014 (“Q2”). The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended June 30, 2014, together referred to as the "Financial Statements", which have been filed on SEDAR (www.sedar.com) and the Company's website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

The most significant highlights for the 2nd quarter ending June 30, 2014 were:
•Silver equivalent ounces produced decreased by 4%, with 786,505 ounces produced in Q2, 2014, compared to 818,060 in Q2, 2013.
•Silver production was down 6% to 329,368 ounces in Q2, 2014, compared to 351,210 ounces in Q2, 2013.
•Revenues decreased $2.1 million to $9.2 million in Q2, 2014 from $11.3 million in Q2, 2013, mainly due to a combination of lower metal prices, lower amount of ounces sold and higher TCRC deductions.
•Mineralization milled was down 1% to 232,763 tonnes in Q2, 2014, compared to 235,388 tonnes in Q2, 2013.
•The average silver grade was 55 grams per tonne (g/t) in Q2, 2014 compared to 59 g/t in Q2, 2013, due to increased throughput of lower grade mineralization
•Cash cost per silver equivalent ounce increased 16% to $10.29 in Q2, 2014, compared to $8.90 in Q2, 2013, due to lower silver ounces produced and increased production costs.


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