TSXV:AUN.H - Post by User
Comment by
M1DASon Nov 07, 2011 10:58pm
598 Views
Post# 19217436
bravo: Boneafide -ball mill upgrade down time
bravo: Boneafide -ball mill upgrade down timeSilver production of 244,243 ounces (235,981 ounces sold), based on just 80 days of mill production; year-to-date silver production increased 26% to 742,026 ounces compared to 587,057 ounces in 2010. La Negra is on track to complete the ongoing mill upgrade to 2,000 tpd in Q1 2012,
a 33% increase from the current capacity. This will bring the mill throughput capacity in-line with our planned mining operations of 2,000 tonnes per day. Also, in the first nine months of 2011 drilling crews have completed 10,613 metres of diamond drilling at La Negra.During Q3 2011 Aurcana continued to build on the advances of its La Negra Mine. Metal concentrate prices continued to be significantly higher than the previous year, and the Company continued to adjust its cost structure, both on the operational and administrative side. The Company completed significant milestones of the Shafter mine and mill as well as just recently completing the final permit. Aurcana continues to prepare for future growth.