Bullboard - Stock Discussion Forum Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the... see more

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Comment by deeton Jul 01, 2022 9:54am

RE:RE:Still a ray of hope?

Silver-mining companies aren't making much money (if any) with sub $20 silver prices. Some have already put production on hold until prices rebound. Alexco Corporation (AXU), to name one, has ...more

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Comment by Rockormenon Jul 01, 2022 9:20am

RE:Still a ray of hope?

prior to this mess they had a plan to eventually start production in Shafter(2023-24 or such). Wonder if they now will focus that since they lost RV completely, or if they will go bankrupt before they ...more

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Post by deeton Jul 01, 2022 8:19am

Still a ray of hope?

Dunno. https://www.aurcana.com/operations/shafter/overview/

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Comment by deeton Jul 01, 2022 8:18am

RE:RE:RE:RE:RE:Corporate Update

Yes, the loss of the RV mine is now official by the looks of it. Very, very disappointing. Were insiders already aware that no imminent deal was in the works and has the current 6-cent share price ...more

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Comment by Rockormenon Jul 01, 2022 8:06am

RE:RE:RE:RE:Corporate Update

Shafter has been on maintenance for quite a while it seems.. bottom line here however is that the RV mine is lost forever, right? Damn..

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Comment by deeton Jul 01, 2022 8:00am

RE:RE:RE:Corporate Update

Yes, it's called the Shafter Mine. https://www.aurcana.com/operations/overview/

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Comment by Rockormenon Jul 01, 2022 7:09am

RE:RE:Corporate Update

They do however have another mine in texas with good assets (allegedly), but its put on maintenance I believe

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Comment by Rockormenon Jul 01, 2022 7:00am

RE:Corporate Update

But if Aurcana is out of the mine, so are we right?

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Post by andre171on Jul 01, 2022 2:26am

Receivership Motion

But if Droover has not found a solution for several months, we doubt that he will one day, which justifies Mercuria's initiative. Can shareholders still hope for anything? We assume that no buyer ...more

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Post by andre171on Jul 01, 2022 2:02am

Corporate Update

This is a receivership and not a liquidation or bankruptcy.

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Post by PressReleaseon Jun 30, 2022 7:32pm

New Press Release - Aurcana Silver Provides Corporate Update

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) provides the following update:As first announced in the press release...read article.

Post by Smeeeeeon Jun 30, 2022 2:21pm

AGM

Anybody got anything to share from AGM?!?!?

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Comment by SilverPhDon Jun 27, 2022 7:15pm

RE:RE:RE:Worse Aurcana CEO Drover vs. Rodriguez

Crazy thing is Drover made it seem like he knew what he was doing and now we find out he's worse than Lenic. My prediction is that they lose the Colorado project and have to sell Shafter as well. ...more

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