Aurcana announces financings for Texas project, to buy back silver stream

Vancouver-based silver miner Aurcana has reached agreements to sell shares, warrants and notes and secured debt finance for about $85-million altogether, which the company will use to move its Shafter project in Texas to production and buy back a...

Aurcana hires financial advisor

Vancouver-based silver miner Aurcana has retained Auramet Trading to provide financial advisory and investment banking services related to sourcing funds for the company and its mining projects, Aurcana reported on Thursday. Aurcana operates the...

Daily podcast – October 9, 2009

Around 25 Congo mining deals risk cancellation; and South African mining production was down 11,5% in August.

Aurcana plans to start building Texas silver mine next year

Canadian silver miner Aurcana expects to begin work on its second mine, the Shafter project in Texas, next year, and will likely start production at the operation early in 2012, CEO Lenic Rodriguez said on Thursday. The company has started...

Study indicates Aurcana can produce 3,2m-oz/y silver at Shafter mine

TSX Venture Exchange-listed Aurcana has completed a prefeasibility study on its Shafter silver project, in Texas, which indicates that the asset could produce an average of 3,2-million ounces of silver a year for at least 4,7 years. Aurcana,...

Aurcana to complete Shafter prefeas by mid-09

TSX Venture Exchange-listed Aurcana expects to complete an internal scoping study on the Shafter silver project, in Texas, by January, followed by a prefeasibility study in June 2009, the company said on Thursday. Vancouver-based junior Aurcana...

Silver Wheaton to buy half the silver produced at Aurcana's Mexico mine

Silver reseller Silver Wheaton has agreed to buy 50% of the silver produced at the La Negra mine, in Mexico, the company said on Tuesday. Vancouver-based junior Aurcana owns 80% of the mine, which was originally developed and operated for 30 years...

Aurcana snags near-production Texas silver mine

Vancouver-based junior miner Aurcana has agreed to buy the historic Shafter silver mine, in south-west Texas, from Silver Standard Resources, the firm announced on Thursday. The Shafter mine produced silver from 1883 to 1942, and most of the...