14281dfd
0dfd
101dfd
articledfd

LATEST NEWS

  • Randgold Resources: New Prospects in Cote d'Ivoire, Dividend Paid

    JERSEY, CHANNEL ISLANDS--(Marketwired - Jul 23, 2016) - (LSE: RRS) (NASDAQ: GOLD) Abidjan, Côte d'Ivoire, 23 July 2016 - Randgold Resources' Tongon mine has completed the final phase of its extensive crusher expansion and mill circuit upgrade project and, having also dealt with an Read More

  • Timmins Gold Completes Caballo Blanco Transaction

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins" or the "Company") is pleased to announce the completion of the sale of the Caballo Blanco Gold Project in Veracruz, Mexico announced on May 11, 2016 with Candelaria Read More

  • Osisko Mining Inc. Decrease Equity Interest in Metals Creek Resources Corp.

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that it has disposed of an aggregate of 1,295,000 common shares of Metals Creek Resources Corp. ("Metals Creek") at an average price of approximately $0.1034 per share for Read More

  • Calibre Mining and Centerra Gold Continue to Advance Siuna Project; Receive Positive Metallurgical Results From Cerro Aeropuerto

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased announce the Company and Centerra Gold Inc. ("Centerra") continue to advance the Siuna Project, which includes the La Luz targets and the Northern Read More

  • Noram Encounters Large Historical Bore Hole on Its Hades Lithium Claim Group in Nevada's Clayton Valley

    VANCOUVER, BC / ACCESSWIRE / July 22, 2016 / Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to report that a large previously drilled bore hole has been encountered during initial Phase I surface and sub-surface sampling Read More

  • Goldrea Resources Signs Definitive to Acquire Lithium Prospect in Gaspe Peninsula, Quebec

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Goldrea Resources Corp. (CSE:GOR)(FRANKFURT:GOJ)(OTC PINK:GORAF) announces that it has signed a definitive agreement to complete the acquisition of the previously announced Gaspe Lithium property located on the Gaspe peninsula in eastern Quebec. (news release Read More

  • Carube Copper Announces Initial Drill Results from Bellas Gate and Above Rocks Joint Ventures

    Ottawa, Ontario--(Newsfile Corp. - July 22, 2016) - Carube Copper Corp. (TSXV: CUC) is pleased to announce recent initial drill results from the Bellas Gate and Above Rocks Joint Ventures in Jamaica. The 2016 exploration programs at both JVs are being operated Read More

  • Tudor Gold Closes the Acquisition of the Fairweather, Delta and High North Properties

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Tudor Gold Corp. (the "Company" or "Tudor Gold") (TSX VENTURE:TUD) further to the Company's news release dated May 24, 2016 Tudor Gold wishes to announce it has received TSX Venture Exchange approval and closed Read More

  • Cariboo Rose Commences Exploration at the Canadian Creek Gold Project, Yukon

    Vancouver, BC / TheNewswire / July 22, 2016 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") has initiated the 2016 exploration program on its 100% owned Canadian Creek Gold project located in the Yukon Territory. Cariboo Rose's Canadian Creek Project is located Read More

  • Eco Oro Minerals announces investment by Tenor Capital

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ VANCOUVER, July 22, 2016 /CNW/- Eco Oro Minerals Corp. ("Eco Oro" or the Read More

  • 1

MARKET DATA

TSX
+0.24%
14,600.66
TSX Venture
+0.49%
769.97
Dow Jones
+0.29%
18,570.85
S&P 500
+0.46%
2,175.03
Gold (oz)
-0.57%
$1,323.40
Silver (oz)
+0.01%
$19.69
Copper (lb)
-1.02%
$2.23
Platinum (oz)
-1.87%
$1,082.09

ACTIVE STOCKS

Stock
Price
% Chg

$0.60
+42.86%
$0.21
+41.38%

$1.15
-10.85%
$0.63
-7.35%
$1.05
-6.25%
$2.13
-6.17%

$0.17
-35.29%
$0.25
-28.57%
$0.10
-23.08%

GET DAILY NEWS FLOW

Receive Daily Newsletter With
All Morning Press Releases

FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Production
Operating Region: U.S./California
Profile: Golden Queen Mining is producing gold and silver at the Soledad Mountain Project located just outside the town of Mojave in Kern County, California. The project is utilizing conventional open pit mining methods and cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore. Production is projected to average 74,000 ounces of gold and 781,000 ounces of silver... VIEW FULL PROFILE

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2015) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) is pleased to report its unaudited financial results for the quarter ended September 30, 2015 ("Q3 2015"). The summary of the selected financial information in this press release should be read in conjunction with the unaudited financial statements and the related management's discussion and analysis for the three months ended September 30, 2015, together referred to as the "Financial Statements", which have been filed on SEDAR (www.sedar.com) and the Company's website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Significant highlights for Q3 2015 were:

  1. Earnings (losses) from mining operations in Q3 2015 were ($1.0) million, compared to $0.6 million in Q3 2014.
  2. Operating cash flow before changes in working capital of ($0.9) million, compared to $0.5 million in Q3 2014.
  3. Cash cost per tonne milled decreased 23.4% in Q3 2015 to $25.29 from $33.01 in Q3 2014.
  4. Cash cost per silver equivalent ounce produced (before treatment, refining and smelting charges - "TCRC") decreased 7% to $7.25 in Q2 2015, compared to $7.79 in Q3 2014.
  5. Total silver equivalent production decreased 16% to 842,334 ounces in Q3 2015, compared to 997,530 ounces in Q3 2014, however increased 8% from 779,339 ounces in Q2 2015.
  6. The average market price of silver decreased to $14.91 in Q3 2015 from $19.76 in Q3 2014.
  7. 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.

Earnings

The Company had earnings (losses) from mining operations at La Negra for the quarter ended September 30, 2015 in the amount of ($1.0) million, compared to $0.6 million in Q3 2014, primarily due to weaker metals prices and lower grades of mineralization in mined material, partially offset by lower production costs. Net loss for the quarter increased to ($6.5) million or ($0.08) per share, compared with a net loss of ($3.7) million or ($0.04) per share in Q3 2014.

Revenue

During the quarter ended September 30, 2015, the Company generated total net revenues of $6.8 million (Q3 2014: $11.4 million) from the sale of 266,266 ounces of silver (Q3, 2014: 333,254 ounces); 2,779 tonnes of copper concentrate (Q3, 2014: 3,127 tonnes); 4,003 tonnes of zinc concentrate (Q3, 2014: 4,667 tonnes); and 813 tonnes of lead concentrate (Q3, 2014: 950 tonnes).

The average price obtained for silver, copper, zinc and lead during Q3 2015 were: silver $14.79 (Q3 2014: $19.01) per ounce; copper $2.34 (Q3 2014: $3.17) per pound; zinc $0.78 (Q3 2014: $1.05 per pound; and lead $0.76 (Q3 2014: $0.99) per pound.

Update on Restructuring Transaction

On October 30, 2015, the Company commenced proceedings under the Canada Business Corporations Act (the "CBCA Proceedings") to implement a restructuring transaction (the "Restructuring Transaction") under which all of the Company's debt obligations under the Company's amended and restated senior secured credit facility dated April 29, 2014, will be extinguished. As a result of the Restructuring Transaction, the Company will be able to retain all of its assets, other than certain Mexican subsidiaries that hold the La Negra mine, and will have sufficient working capital to meet its near-term obligations and continue with the Shafter mine as its principal project.

The Company received TSX Venture Exchange acceptance of the Restructuring Transaction on November 27, 2015.

The intended closing date of the Restructuring Transaction has been extended to December 16, 2015, in order to provide time to comply with certain Mexican corporate law requirements.

All documents related to the restructuring and approvals are listed on the homepage of the company's website www.aurcana.com.

To read the complete Financial Statements click on this link:
http://aurcana.com/_resources/financials/Q32015-FS.pdf

To read the complete MD&A click on this link:
http://aurcana.com/_resources/financials/Q32015-MDA.pdf

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.

NR 13-15

This news release contains certain forward-looking statements, including statements regarding the anticipated closing of the Restructuring Transaction, and the future plans and objectives of the Company, including the future business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to mining and processing of mineralized material, 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.

 
Aurcana Corporation
(604) 331-9333
Toll Free: (866) 532-9333
(604) 633-9179 (FAX)

Aurcana Corporation
Gary Lindsey
Corporate Communications
(720) 273-6224
This email address is being protected from spambots. You need JavaScript enabled to view it.