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

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

TSXV:AUN.H - Post Discussion

Aurcana Silver Corp > Survival mode ?
View:
Post by andre171 on Mar 03, 2022 5:20am

Survival mode ?

According to an article today in a local newspaper, the mine is in survival mode!
It is worrying, it is time for the management to communicate on the evolution of repairs, construction and production forecasts.
https://stocktwits.com/symbol/AUNFF
Comment by catchdawave2020 on Mar 03, 2022 1:55pm
Well... if they are like the rest f the world, thier supply chains for parts and materials may be back logged. No point keeping staff on while you wait. As a bussiness owner I understand this 100%.  Your constant worring isnt helping, if a time delay is stressing you out maybe you shouold just sell out and wait on the side lines. Your comment of "survival mode" implies that they ...more  
Comment by Lifexprt on Mar 03, 2022 2:03pm
There is no refining because there isn't any production going on at the moment. All efforts are being made on improving access to the resource. Production will be restarted in the summer once the lift is completed.
Comment by andre171 on Mar 04, 2022 2:32am
I know that production should resume in the summer. It was the outside engineers who set the end date for the main lift in May. According to the management, with this new open pit and the high-speed elevator, they will be able to send 16 miners at a time very quickly and they will go to a much higher part of the mine and set up two stopes (which takes about 1 month each). Then management plans to ...more  
Comment by Smeeeee on Mar 04, 2022 2:36pm
andre171... contact mgmt if you have question. Spreadiing BS is only good for farming not mining!!
Comment by andre171 on Mar 04, 2022 2:45pm
I contacted management with my questions. I don't understand why I couldn't write that I'm worried? I am a shareholder and as such, I wish the best for Auracna and I believe in it, but that does not exclude legitimate questions.
Comment by cartpathcarl on Mar 07, 2022 12:18pm
I agree, why shouldnt we be allowed to whine on this board.... ummmm  because we are grown ups and stopped whining years ago!!!!
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