Aurcana Silver Corp (fka AUNFF)

[gharma]

The absence of all production costing information is a concern to me.
http://www.aurcana.com/i/pdf/2013-10-21_NR.pdf

Aurcana Reports Third Quarter Production Results
Vancouver, BC, October 21, 2013- Aurcana Corporation ("Aurcana" or the "Company") (TSXV:
AUN, OTCQX: AUNFF) wishes to report the third quarter 2013 production results.
THIRD QUARTER PRODUCTION HIGHLIGHTS FOR THE LA NEGRA MINE
• Total silver equivalent production for Q3 2013 was 748,294 oz, a 4% increase from 718,063
oz in Q3 2012.
• Total ore milled in Q3 2013 was 221,118 tonnes, a 12% increase from 196,843 tonnes in Q3
2012.
• Total ore mined in Q3 2013 was 207,458 tonnes, a 6% increase from 196,401 tonnes in Q3
2012.
• Total silver equivalent production for the first 9 months of 2013 was 2,158,858 oz, a 14%
increase from 1,899,280 oz silver equivalent produced during the same period one year
ago.
• Total ore milled for the first 9 months of 2013 was 626,586 tonnes, a 24% increase from
504,005 tonnes milled during the same period one year ago.
• Total ore mined for the first 9 months of 2013 was 656,988 tonnes, a 39% increase from
472,557 tonnes mined during the same period one year ago.

La Negra Mine Updates

During Q3 2013 the La Negra mill averaged a running rate of 2,622 tonnes per day (tpd). The lower
than planned mill throughput during the quarter was the result of equipment breakdowns as well
as unusually heavy rains that impacted mining operations.
During the quarter, La Negra continued to mine the more accessible higher grade copper and zinc
zones, resulting in increased volumes of copper and zinc concentrate. This required upgrades of
the existing copper and zinc filter presses. New larger filter presses for both copper and zinc
concentrates are on order and will be commissioned in Q4 2013.
These improvements together with repairs to the plant equipment should allow higher production
rates to be maintained at approximately 3,000 tpd in the future, starting Q1 2014. In the
meantime, La Negra’s average running rate during Q4 2013 is projected to be in the order of 2,200
tpd.
Mine development continued during the quarter with the goal of opening up new areas that would
sustain higher production rates in the future. As a result, a larger proportion of ore was sourced
from development headings, resulting in increased dilution and lower than historic head grades
processed during the quarter. Plans for 2014 include a transition to the higher silver grade
mineralized zones in the upper levels of the La Negra mine. These require ore pass and ventilation
raise development that will commence upon receipt of raise boring equipment in Q1 2014.


Shafter Mine Updates

With the successful closing of the $50 million financing in September 2013, the Shafter mine is
continuing to make the necessary improvements to achieve its planned capacity of 1,500 tpd
during Q2 2014.
Aurcana is pleased to report the following progress to date:
• Two new tailings filter presses providing a filtering capacity of up to 1,500 tpd have been
installed and are operating to specifications.
• Three new precipitate filter presses have been installed and are currently being
commissioned in the refinery.
• A new custom built retort and furnace are expected to be received in December 2013.
• Underground mine development is progressing supported by a contract miner.
• Construction of the counter current decantation (CCD) circuit is ongoing with estimated
completion during Q2 2014.
• Recruiting efforts continue to improve technical competencies and operating manpower
levels.