- Oops!Something went wrong.Please try again later.
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - January 11, 2021) - Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.
Investor Ideas talks to Mr. Kevin Cameron Drover, President, CEO & Chairman of Aurcana Silver Corporation (TSXV: AUN) (OTC: AUNFF).
Listen to the podcast:
Drover discusses the Company's two properties in the United States; Revenue Mine, in Colorado and the Shafter-Presidio Silver Project in Texas s well as the future of silver.
Drover told Investor Ideas, "The project that we've got the Revenue Mine; it's a stand-alone project. It speaks for itself. It's going to generate a lot of cash."
Continued: "We've been able to raise some money during 2020 and late 2019 that put us on the road to construction. More recently, we've been able to close a $28 million debt facility. That fully funds us through construction. So 2020, although it was a pretty bad year from the pandemic perspective and the effects that it had on business in general, it was a good year for us. We were able to raise capital and had the wind in our sails with the silver price. So right now we've got that $28 million facility in place. We were sitting with about $32 million in the bank at the moment. We purchased most of our long lead time items. We have about 80 people working at the site. So, we're in a very good position all-in-all."
Continued: "So right now, we are forecasting September positive cash flow. We are a very high grade mine at 37 ounces per ton average silver equivalent So looking forward, given the current silver prices, where it sits right now, we're looking at a very positive next few years of operations. We feel we're in a really good place. But, you know, we have to take one task at a time. First thing is that we have to get our construction finished and then get ourselves into production."
Looking at some of the analysts bullish predictions for silver for 2021, he said, "Well, you know, we all hope for $30 plus silver. I really can't predict the future but we built all of our economics for this project based on $18.50 silver."
ABOUT AURCANA SILVER CORPORATION http://www.aurcana.com/
Aurcana Silver Corporation owns the Revenue Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.
Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash and others.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. For disclosure purposes Aurcana Silver Corporation is a paid featured mining company on Investorideas.com as part of a six month program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Join our Investor Club https://www.investorideas.com/membership/
Contact Investorideas.com to be a guest or sponsor this podcast
Get more mining stock investor ideas- news, articles, podcasts and stock directories
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71709