Mar 14, 2021
Kevin Drover, CEO - Aurcana Silver (sponsor) is extremely excited about imminent silver production at it's Ouray, Colorado mine this summer. He personally moved there to oversee the final production steps. 130 people are working the mine as we speak. The initial annual silver production target is 3.1 million ounces. That level would anticipate processing 270 tons per day at their underground mill (slightly more than 50% capacity). Plans are already underway to increase that total and to drive up production even higher. But Kevin is taking the cautious approach to assure that Aurcana achieves its production goal. Average all in costs are around $9 per ounce, which means big profits are ahead.
The company is cashed up with $46 million and is starting plans to reactivate its Shafter mine in Texas. As shareholders we are expecting big things from Aurcana soon.