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 Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.

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Aurcana Silver Corp > Time for Drover to go.

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Comment by andre171on Oct 21, 2021 3:08pm

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Post# 34034109

RE:RE:RE:RE:Time for Drover to go.

twpt wrote: In short, Equipment took longer than anticipated to install. Delays close to 2 months at 3.5 mil a month required additional funding. Bad timing as sector is all down but dilution was much better than financing terms. Mill is running at 275 per day or above and by the looks of stope feed better than expected grades. We will be cash flow positive very soon. Mangement took the hit just like us. Probably more. If you need more in depth call Gary at Aurcana or send him an email from website.

These funds would therefore be well allocated to operations and that surprises me! Isn't it worrying that a small delay in putting into production (October instead of September) requires additional funding?

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