Investorideas.com

Get investor ideas from our AI, cannabis, cleantech, crypto, gaming, mining, sports podcasts - be a guest or sponsor: call 800 665 0411


Share on StockTwits

Exploring Mining Podcast #160 - CEO of Aurcana Silver Corporation (TSXV: $AUN.V) (OTC: $AUNFF) Discusses Demand for Silver Driven by Environmental Technology Trends

 

Point Roberts, WA and Delta, BC - April 20, 2021 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring an exclusive interview with the President, Chairman, and CEO  of Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF).

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/041921-Mining.mp3

Exploring Mining Podcast - CEO of Aurcana Silver (TSXV: $AUN.V) ( OTC: $AUNFF) Discusses Demand for Silver Driven by Environmental Technology Trends

SHARE PODCAST:

Listen to Exploring Mining podcast on iTunes Apple podcasts

Listen to Exploring Mining on Spotify

Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) is well-positioned to benefit from increased demand for silver brought on by trends toward environmental-driven technology, according to the company's President, Chairman, and CEO, Kevin Drover.

"I think this whole environmental focus of the world right now bodes very well for the mining industry overall, and certainly very well for the silver industry," he said.

"There are not many silver mines coming online, certainly not in the continental United States, right now or anywhere," he said. "We are one of the few that's coming online right now. I think from a consumption perspective, with the Paris Accords and especially with the U.S. getting back into that. The environmental requirements of photovoltaics, electric vehicles, and wind turbines - all of these consume silver. And just those three alone, which I mentioned, I believe are consuming about a half billion ounces of silver a year, and growing. That bodes very well from our perspective."

Aurcana owns both the Revenue-Virginius polymetallic mine in Ouray, Colorado - the company's flagship - and the Shafter silver project, in Presidio County, southwest Texas. Speaking of the former, Drover provided an update on its current status:

"We're feverishly working away on the underground development - that's the pre-production development that we need to get ourselves into production," he said. "That is going very well, we're seeing some very good advance rates, even better than recently than what we'd expected. Right now we're on target for that third quarter restart of the operation."

Drover outlined Revenue's historical capacity, and its potential for when it's fully operational.

"The average grade coming out of this mine, historically, has been over 60 ounces per tonne," he said. "Our proven and probable reserve grade is right at 37 ounces per tonne. So, it's very high grade, one of the highest grade mines in the world. We're starting up at about 270 tonnes per day. Our mill capacity is closer to 500-600 tonnes per day, so we've got room to organically grow the production relatively quickly."

"We're anticipating that, based on today's silver prices, that our first full year of operation we would be - in terms of cash flow - right around $50 million coming off this property," he said.

Drover delineated the state of the Shafter project in Texas, and projected what the company can anticipate, in terms of production, once both mines are fully operational.

"It's fully permitted, it's pure silver, we have a new pristine resource there," he said. "We are looking at and evaluating doing a drill program in the near future. The idea being, is that we want to do a little bit of exploration and firm up the resource there, and get some samples for metallurgical study. We would anticipate later this year starting a feasibility study with an eye to putting that facility into production within the next 18 to 24 months"

"We're looking at, in the next two to three years - by the time we grow organically here at the Revenue Virginius mine up towards 6-6.5 million ounces, and then bring on the Shafter mine, another 2-2.5 million ounces. So, we're looking at an 8-9 million ounce range in the next three years and becoming a mid tier producer in the silver space."

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.

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

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.

Disclosure : Aurcana Silver Corporation is a featured company on Investorideas.com

Contact management and IR of each company directly regarding specific questions.

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

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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

800 665 0411

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Gold-MiningStocks.com - investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks

Buy a mining guest post on Investorideas.com