Aurcana (TSX: V.AUN, Stock Forum) Thursday reported a 54% increase in silver production from the La Negra mine for the third quarter 2012 of 376,687 ounces, compared to 244,243 ounces in Q3 2011, this according to a company news release. The results mark a record quarter for silver production for the company.
Aurcana also said the average grade of silver increased 7% year to date to an average of 80 grams per tonne in 2012, compared to 75 grams per tonne in 2011.
The company added that it expects commercial production at its Shafter Mine in Texas to begin in the fourth quarter of 2012.