Mining — Aurcana Corporation (TSX-V: AUN) is a Canadian company focused on developing two silver projects. The Revenue-Virginius mine is a production ready silver mine in Ouray, Colorado that has been on care and maintenance since 2015. The Shafter silver project is located in Presidio County, Texas; it is fully permitted, and its preliminary economic assessment was revised in 2018.
Three reasons to invest in Aurcana Corporation
- The Revenue-Virginius Mine is production ready–this silver-gold-lead-zinc mine is fully permitted and has a strong social license.
- The mine is expected to be profitable–A 2018 NI 43-101 feasibility study shows silver can be produced at an all-in sustaining cost of U.S. $8 per ounce silver after by-product credits over the life of the mine.
- Revenue-Virginius has room for growth–the current mine life stands at 6.5 years but is based only on one third of one vein out of five.