Aurcana Sets New Production Record

 

VANCOUVER, BC - Aurcana Corporation reported the Q3 2014 production results of 997,530 ounces silver equivalent compared to 754,828 in Q3 2013, an increase of 32%. Silver equivalent production for the Q3 2014 increased 26.8%, compared to Q2 2014. Silver production increased 32% to 412,062 in Q3 2014, compared to 312,122 in Q3 2013.

Kevin Drover, President & CEO, said, ''We have made large strides in mining higher grade material at La Negra, while significantly reducing costs. We are on track to achieve our production goals of between 3.5 and 4.0 million ounces of silver equivalent for 2014.''

LA NEGRA THIRD QUARTER PRODUCTION HIGHLIGHTS: Total silver equivalent production was 997,530 ounces in Q3 2014, a 32.1% increase over Q3 2013 and a 26.8% increase over Q2 2014. Silver production was 412,062 in Q3 2014, compared to 312,122 in Q3 2013, an increase of 32.0%. Silver grade increased by 18% in Q3, 2014 averaging 65 g/t, compared to 55 g/t in Q3 2013. Strong production increases versus last year for base metals, including 55.3% for Zinc, 12% for Copper and 59.8% for Lead. The Company's production guidance for 2014 is between 3.5 and 4.0 million silver equivalent ounces.

Significant progress at the La Negra Mine in Mexico has been made in the areas of safety, production and costs. The safety performance of the site continues to improve and lost time accidents (LTA) have been reduced from an average of 12 per quarter over the past six quarters to 2 LTA's in the 3rd quarter.

Production, as indicated above, has steadily improved over the quarter, mainly due to better grade control, mining of higher grade areas of the mine and better dilution control. Cost control measures, (workforce reduction, capital expenditure controls, inventory and direct purchase controls) implemented early in the 3rd quarter have begun to show benefits.