Aurcana Corp.

Published : October 19th, 2015

Aurcana Production Results for Q3 2015

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Aurcana Production Results for Q3 2015

NEWS RELEASE

NEWS RELEASE

Aurcana Production Results for Q3 2015


Vancouver, BC, October 19, 2015 - Aurcana Corporation ('Aurcana' or the 'Company') (TSXV: AUN, OTCQX: AUNFF) is pleased to report the Q3 2015 production results of 842,334 ounces silver equivalent compared to 997,530 in Q3 2014, a decrease of 16%. Silver production decreased by 15% to 348,764 in Q3 2015, compared to 412,063 in Q3 2014. Although milling and mining production increased during the third quarter, production occurred in lower grade areas of La Negra mine.


LA NEGRA THIRD QUARTER PRODUCTION HIGHLIGHTS

  • Total silver equivalent production was 842,334 ounces in Q3 2015, a 15.6% decrease over Q3 2014.

  • Silver production was 348,764 in Q3 2015, compared to 412,063 in Q3 2014, a decrease of 15.4%.

  • Average silver grades decreased to 55 g/t in Q3 2015 compared to 65 g/t in Q3 2014, however increased from 52 g/t in Q2 2015.

  • Mineralization mined was 244,492 tonnes in Q3, 2015, compared to 217,011 in Q3, 2014, a 12.7% increase. Mineralization milled was 241,382 tonnes in Q3, 2015 compared to 235,485 in Q3, 2014, a 2.5% increase.

  • Copper, lead and zinc grades also decreased in Q3, 2015 compared to Q3, 2014 as planned production occurred in lower grade areas of the mine.


RESTRUCTURING TRANSACTION


As follow up to the financial restructuring press release from Friday, October 16, 2015, Kevin Drover, President & CEO of Aurcana Corporation will host a conference call on Wednesday, October 21, 2015 at 11:00 am eastern time. Below is the information for joining the call:


Conference Call Numbers:

Canada & USA Toll Free Dial In:1-800-319-4610 Outside of Canada & USA call: +1-604-638-5340

Callers should dial in 5 - 10 min prior to the scheduled start time and ask to join Aurcana's conference call.


Conference Call Replay Numbers:

Canada & USA Toll Free: 1-855-669-9658

Outside Canada & USA Call: +1-604-674-8052

Code: 2729 followed by the # sign

Duration: Available for two weeks until end of day Wednesday, November 04, 2015


Corporate


The Company's shares are also traded in the United States on OTCQX under the symbol 'AUNFF'. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.


About Aurcana Corporation


Aurcana Corporation is a primary silver producing company with two properties: the La Negra Mine in Mexico and the Shafter Silver Project in Texas, US. The latter was put on care and

maintenance in December 2013, in part due to depressed silver prices. The Company is developing new mining plans for both properties as it continues to work to improve margins and shareholder value.


The technical information in this release has been reviewed by Jerry Blackwell (PGeo.), a Director and technical advisor to the Company and a Qualified Person as defined by National Instrument 43-101.


ON BEHALF OF THE BOARD OF DIRECTORS OF

AURCANA CORPORATION


'Kevin Drover', President & CEO

For further information, visit the website at www.aurcana.com or contact: Aurcana Corporation

Phone: (604) 331-9333

Toll Free: (866) 532-9333

Fax: (604) 633-9179


Gary Lindsey, Corporate Relations Phone: (720)-273-6224

Email: [email protected]


NR-10-15


This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. Fforward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects' or does not expect', 'is expected', anticipates' or 'does not anticipate' 'plans', 'estimates' or 'intends' or stating that certain actions, events or results ' may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.


Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others, risks related to international operations, unsuccessful exploration results, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Aurcana Corp.

PRODUCER
CODE : AUN.V
ISIN : CA0519185064
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Aurcana is a silver development stage company based in Canada.

Aurcana produces silver, copper, lead and zinc in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are LA NEGRA and SHAFTER in Mexico.

Aurcana is listed in Canada and in United States of America. Its market capitalisation is CA$ 423 700 as of today (US$ 338 770, € 296 763).

Its stock quote reached its highest recent level on October 31, 1997 at CA$ 9.92, and its lowest recent point on September 28, 2022 at CA$ 0.01.

Aurcana has 84 740 000 shares outstanding.

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In the News and Medias of Aurcana Corp.
1/7/2010Aurcana Corp. (Tsxv: Aun): New Recommendation
Annual reports of Aurcana Corp.
2008 Annual Report
2007 Annual Report
Financings of Aurcana Corp.
6/20/2014Closes $5,060,000 Equity Financing
6/14/2013Amends Warrants Expiring June 30, 2013
7/23/2010Closes Non-Brokered Private Placement
6/24/2010To Conduct A Best Efforts Non-Brokered Private Placement
11/30/2009Closes Non-Brokered Financing For CDN$2,549,300
Option Grants of Aurcana Corp.
1/19/2009(Shafter)reports 350,000 stock options at a price of $0.13
Nominations of Aurcana Corp.
11/20/2013Appoints New Board Member
9/25/2013Appoints Andrew Kaczmarek as Interim COO
2/13/2013Announces Appointment of New Board Member
2/22/2011Adds Paul Matysek to the Board of Directors and Strengthens ...
7/6/2010Appoints Director
5/18/2010Appoints Chief Financial Officer
3/4/2010Appoints Financial Advisor
5/21/2009Appoints Lenic Rodriguez President and CEO
12/18/2008Appointment of Director
5/16/2008Appoints Vice President of Operations
Financials of Aurcana Corp.
11/28/2013Announces Date for Q3 2013 Financial Results Webcast and Tel...
8/30/2013Reports Q2 2013 Financial Results and Provides Update
8/23/2013Announces New Date for Q2 2013 Financial Results Webcast and...
7/25/2013Announces Q2 2013 Financial Results Webcast and Teleconferen...
5/13/2013Announces Q1 2013 Financial Results Webcast and Teleconferen...
4/12/2013Reports Year End Financial Results and Provides Operational ...
3/28/2013Announces Year End Financial Results and Operational Update ...
6/27/2011RETRANSMISSION: Aurcana Reports Record 1st Quarter Results
5/9/2011Reports Record 2010 Results
12/2/2009Reports Positive Third Quarter Results
9/3/2009Reports Positive Second Quarter Results
12/3/2008Reports Third Quarter Results
9/5/2008Reports Second Quarter Results
5/2/2008Files Annual Statements La Negra Mine Records Profit in Four...
Project news of Aurcana Corp.
4/3/2013(Shafter)Shafter 2012 Exploration Program Identifies Evidence for a L...
2/11/2013(La Negra)New Discoveries at Aurcana's La Negra Mine Indicates the Pre...
2/5/2013Bull & Bear's Resource Investor: Silver & Gold Forecasts; En...
1/24/2013(La Negra)La Negra Drill Hole Results Confirm High Grade Continuity in...
11/6/2012Bull & Bear's Resource Investor: Commodity Makets, Gold & Si...
7/11/2012(La Negra)Reports: Record Silver Production, up 54% at La Negra Mine; ...
3/31/2012(La Negra)to Commission Plant at Shafter Mine and Completes Mine Expan...
12/14/2011(La Negra)Discovers New Silver Mineralization at Depth at La Negra Min...
4/8/2011(La Negra)Announces Record Silver Production, La Negra Production Expa...
1/21/2011(Shafter)Commences Construction at Shafter Silver Mine
6/1/2010(La Negra)Expansion To 1,500 T/D At La Negra Mine Completed
2/16/2010(La Negra)NI 43-101 Report increases Maravillas Deposit Resources by 4...
6/30/2009(Shafter)Positive Pre-Feasibility for Shafter Silver Mine 7.75 Millio...
6/3/2009(La Negra)Takes Control of Operations at the La Negra Mine: Expansion ...
3/2/2009(Shafter)Scoping Study Upgraded to Pre-Feasibility: Consultant Hired ...
11/20/2008(La Negra)Shafter Silver Mine Timeline and Update; Additional Operatio...
7/31/2008(Shafter)47.4 Million Ounce Silver Resource at Shafter Silver Mine Co...
7/17/2008(Shafter)Finalizes Acquisition of Shafter Silver Mine
4/11/2008(La Negra) Intersects 8.15 Metres of 420 Grams per Tonne Silver and 1....
3/19/2008(La Negra) Adds Over 500,000 Tonnes In Monica Zone
Corporate news of Aurcana Corp.
5/2/2016Aurcana Files 2015 Annual Financial Statements
1/8/2016Aurcana Corporation Announces Completion of Restructuring Tr...
1/7/2016Aurcana Corporation Announces Completion of Restructuring Tr...
1/5/2016Aurcana Voluntarily Delists From OTCQX
12/18/2015Aurcana Corporation Update on Restructuring Transaction
12/1/2015Aurcana Reports Q3 2015 Financials And Provides Update on Re...
11/30/2015Aurcana reports 3Q loss
10/30/2015Aurcana Corporation Announces Commencement of CBCA Proceedin...
10/19/2015Aurcana Production Results for Q3 2015
10/16/2015Aurcana Corporation Announces Restructuring Transaction and ...
8/14/2015Aurcana reports 2Q loss
8/14/2015Aurcana Reports Q2 2015 Financials.
8/14/2015Aurcana Reports Q2 2015 Financials
7/14/2015Change of Auditor
7/3/2015Change of Auditor
4/14/2015Aurcana Reports 2014 Financial Results
3/25/2015Notice regarding the Proposed Class Action Settlement
3/25/2015Notice regarding the Proposed Class Action Settlement (frenc...
2/10/2015Aurcana Announces Settlement of Class Action
1/13/2015Aurcana Delivers Highest Quarterly Production in History in ...
12/16/2014Aurcana Board Update
12/3/2014Aurcana Announces New Mineral Resource Estimate for the La N...
12/1/2014Aurcana Reports 3rd Quarter Financial Results
10/27/2014Aurcana Sets New Production Record in Third Quarter
10/27/2014Aurcana Sets New Production Record in Third Quarter
10/10/2014S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX ...
8/29/2014Aurcana Reports Q2, 2014 Financial Results
7/17/2014Aurcana Appoints New Board Member
7/10/2014Aurcana Announces New President & CEO
6/9/2014Aurcana Reports Voting Results of Annual and Special Meeting
5/30/2014Aurcana Reports Q1, 2014 Financial Results
5/9/2014Aurcana Announces Completion of Issuance of Debt Settlement ...
5/1/2014Aurcana Reports 2013 Financial Results
5/1/2014Aurcana Announces Completion of Transactions Under Amended C...
4/30/2014IIROC Trading Resumption - AUN
4/29/2014IIROC Trading Halt - AUN
4/7/2014Aurcana Reports 55% Increase in Silver Equivalent for First ...
2/6/2014Reports Fourth Quarter and 2013 Production Results
11/4/2013(Shafter)Shafter Update - Aurcana Appoints David Drips General Manage...
10/31/2013Provides Update
10/21/2013Reports Third Quarter Production Results
9/30/2013Announces Departure of VP Operations
9/20/2013Closes $50 million Loan Facility
9/11/2013Announces $5,000,000 Bridge Loan
7/25/2013(Shafter)letter: Shafter's New Miners Training Program Featured on CB...
7/10/2013Provides Corporate Update
6/28/2013Announces $50 million Loan Facility
6/26/2013Reports Voting Results of Annual and Special Meeting
6/7/2013Files Amended Technical Report
5/23/2013(La Negra)Clarifies That La Negra Mineral Resource Estimate Remains U...
5/16/2013Adopts Advance Notice Policy
4/15/2013Announces Share Consolidation Effective Apr 30, 2013
3/28/2013Announces Shareholder Approval of Share Consolidation
2/13/2013Announces Proposed Share Consolidation
1/25/2013letter: Aurcana CEO invited at CNBC Asia to talk about futur...
1/17/2013Reports Fourth Quarter and 2012 Year to Date Production Resu...
10/24/2012Investors Newsletter
10/18/2012(La Negra)Reports: Record Quarter of Silver Production, up 54% at La N...
10/18/2012(La Negra)Reports: Record Quarter of Silver Production, Up 54% at La N...
10/12/2012letter
10/11/2012(La Negra)Files Technical Report on Updated Resource Estimate for La N...
8/28/2012(La Negra)Announces Updated Resource Estimate for La Negra Mine
8/20/2012Reports Record Results for Q2, 2012
6/6/2012(Shafter)Commences Open Pit Mining at Shafter
6/1/2012(Shafter)Intersects High Grades in Shafter Surface Drilling
5/25/2012Reports: Record 1st Quarter Results
4/26/2012(La Negra)Reports: Record Silver Production at La Negra Mine
4/16/2012Reports Record 2011 Results
3/25/2011-Amends Convertible Debenture Terms
6/16/2010Reports 54% Higher Revenues in Q1, 2010 Compared To Q1, 2009...
5/6/2010Reports $3.8M Net Earnings
4/24/2010Announces US$40,000,000 Silver Backed Unit Offering
4/22/20102010 "Virtual" World Money Show
12/4/2009Closes Sale of Rosario Project
9/17/20092009 AGM Invitation
8/18/2009La Negra Corporate Update
5/25/2009Sells Rosario To Focus On Shafter Development
8/22/2008Annual General Meeting Reminder
7/7/2008Receives US$25 Million - Shafter Silver Mine Acquisition to ...
5/21/2008Reports 145 g/t Silver and 1.96% Copper over 23.5 meters
4/7/20082008 Calgary Resource Investment Conference
4/3/2008 Acquires Near Term Silver Production Project
2/26/2008Aurcana Moves to Expand and Mine Higher Grades at La Negra
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