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Aurcana Corporation Message Board

  • johnnyola_1 johnnyola_1 Dec 14, 2012 8:14 AM Flag

    How about that fellas! Commercial Production. 2013 gonna be a great year for this emerging producer...

    ..........many things to talk about. We have a tremendous CEO. It is all about management. Every organization begins at the top.

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    • "Aurcana has implemented a production ramp up plan to gradually increase production towards the phase I planned capacity of 1,500tpd, as mining operations proceed.
      As part of the ramp up plan, the installation of additional thickener tanks, increasing the processing capacity of the plant, will be commissioned early Q1, 2013. In addition, upgraded filters will be installed in Q2 2013.
      Initial production results from the Shafter mine are expected to be included in Aurcana''s Q1 2013 financial results."

      Sounds like full 3.8 million ozs should start in the third quarter.

      At 40 % of 1,500 mill throught put first qrt silver production should be about 380,000 ozs ... times $29 (could be closer to 30) realized price per oz... equals about 11 million sales. If cash costs are about $10 and other operating costs doubled that operationg cash flow could be about $10 million That should ramp up as we go through the second qrt..

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