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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aurcana Silver Corporation (CE) | USOTC:AUNFF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0113 | 0.00 | 01:00:00 |
Provides 2014 Production Guidance
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 6, 2014) - Aurcana Corporation ("Aurcana" or the "Company") (TSX-VENTURE:AUN)(OTCQX:AUNFF) is pleased to report the Q4 2013 production results.
"We are pleased to report that La Negra once again delivered another year of increased silver equivalent production, outperforming 2012 by 14%. I want to thank our team at La Negra for their continued efforts in achieving another successful year of growth in production. La Negra team has also delivered by replacing and expanding the current reserves through a focused program of underground development and diamond drilling," commented Mr. Lenic Rodriguez, Aurcana's President & CEO. "We continue to improve operations and look to further increase production in 2014 to between 3.75 to 4.1 million ounces of silver equivalent, a potential increase of more than 40% over 2013. Looking ahead, production planning has already commenced for 2015 at La Negra and the goal is to reach 3,800 tpd production based on continuing technical and financial studies."
LA NEGRA FOURTH QUARTER AND 2013 PRODUCTION HIGHLIGHTS
LA NEGRA MINE UPDATE
About Aurcana Corporation
Aurcana Corporation is a primary silver producing company with two properties: the La Negra Mine in Mexico and the Shafter Mine in Texas, US. The latter was put on care and maintenance in December 2013, in part due to depressed silver prices. The Company continues to plan further expansion at its La Negra Mine and to focus on surface exploration on its extensive land holdings in Maconi Mining District.
Corporate
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President & CEO
NR-14-1
Mr. Andrew Kaczmarek, a qualified person (as defined in National Instrument 43-101) and the Company's Chief Operating Officer, has reviewed and approved the scientific and technical information contained in this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding future development and operational activities at the La Negra Project. These statements are forward-looking statements that involve various risks and uncertainties.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others, risks related to general economic conditions, including in particular metals prices, changes in the availability of funding for mineral exploration and development, the ability of the Company to pay its debts as they become due, risks related to international operations, the ability of suppliers to provide equipment, the availability of skilled labour, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, and unanticipated changes in key management personnel. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward looking statements.
Aurcana CorporationLenic RodriguezPresident & CEO(604) 331-9333 or Toll Free: (866) 532-9333(604) 633-9179ir@aurcana.comwww.aurcana.comInvestor RelationsStrataStar GroupGary Lindsey720-273-6224gary@strata-star.com
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