Aurcana Silver Corp (fka AUNFF)

[basserdan]

The following message was posted by Matt Bigham at SH's Aurcana board...


This was AUN information I received over a month ago now.

Gary had given permission to share this information and I thought it had been posted already, but it has not.

AUN Pres/CEO outline of points in presentations to funds:

* Cut $4m of costs at LN
* Fired 165 employees
* Fired LN GM
* Brought in three specialists ,one being a grade specialist
* LN were operating at 3,000 tpd ,regardless of grade
* Increased grade from 50 g/t-68 g/t-lowering costs with consistency
* Third quarter numbers will include the $700k of severance paid to the workers that were let go
* The 4th quarter numbers will highlight the cost savings implemented and now in place
* La Negra makes about $1.6 million per month now and the loan is $1 million per month-slightly profitable

Shafter

* 1st quarter of 2015 mgmt will begin to address the project
* New mine plan includes de-watering and a DP @ the 1,000 foot level
* New resource and mine plan- $3m estimated cost

The company is presently focused on La Negra's cost cutting and profitability

http://www.stockhouse.com/companies/bullboard/v.aun/aurcana-corporation?postid=23041151