AUNFF Aurcana Corp. (1.03) Silver Producer. Owns 100% of the Shafter silver mine and 99.86% of the La Negra silver-copper-lead-zinc mine. In 2010 La Negra, located in Queretaro State, Mexico, was expanded to mill 1,500 tonnes per day, in early 2012 the capacity will increase to 2000 tonnes per day. La Negra has identified 28 ore bodies, only 3 are currently being mined. Silver production for 2011 increased 20.1% to over 1 million (1,007,256) ounces.
The completed development of the company's new silver mine at Shafter will advance Aurcana from a producing silver company to a mid-tier silver producer beginning in mid 2012.
The Shafter silver mine, located in Presidio County, S.W. Texas, has a NI 43-101 silver resource of 24.6 million ounces Measured and Indicated (2,900,000 tons @ 8.48 opt), 22.8 million ounces Inferred (2,167,000 @ 10.52 opt) and a pre-feasibility completed. Production is forecast at 3.8 million ounces silver recovered once the mine and mill are operating at capacity beginning in mid 2012. Aurcana is on track to complete construction on the silver mine in May, 2012.
Once complete Shafter will be the 2nd largest producing pure silver mine in the U.S. and will supply 10% of all U.S. silver.
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