Aurcana starts construction at Texas silver mine

Vancouver-based Aurcana Corp has begun work at its Shafter silver project, in south-west Texas, the firm said on Friday, The site access road has been upgraded, geotechnical and survey work is under way, and plant site and portal earthworks are...

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...

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...

Aurcana posts C$2,8m Q2 profit

Vancouver-based Aurcana Corp earned C$2,8-million in the second quarter of this year, thanks to a C$2,5-million foreign-exchange gain and a gain on debt settlement of C$1-million. A year earlier, the firm had a net loss of C$2,9-million.

Aurcana studies optimisations at La Negra mine

Vancouver-based Aurcana Corp is now running the La Negra mine, in Mexico, itself, and is studying the possibilities of improving the operation, it said on Monday. Aurcana , which owns 92% of the silver/copper/lead/zinc mine, said in June it had...

Aurcana takes over operations at La Negra

Vancouver-based Aurcana Corporation has not renewed a three-year operating agreement with Reyna Mining and Engineering, at its La Negra mine, in Mexico, the firm said on Wednesday. Overall operational responsibilities for the 1 000 t/d...

Silvermex hopes acquisition will shorten route to first production

Vancouver-based Silvermex Resources has agreed to buy the Rosario property, in Mexico's Sinaloa state, from fellow Canadian Aurcana, and expects the acquisition will cut the time and expense needed to produce its first metal. The Rosario...

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...