Aurcana Corporation has 100% ownership of the world’s highest-grade silver mine (P&P): the Revenue-Virginius mine in Ouray, Colorado, USA. This fully-permitted mine will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. Aurcana is currently securing the final capex needed to commence production which it expects to accomplish in Q4 2020. The company is currently deploying $15M of the needed $37M CAPEX. In this interview, Aurcana CEO Kevin Drover provides an update on the progress of the Revenue-Virginius mine.
Kevin Drover has over 40 years of both domestic and international experience. He was previously VP Worldwide Operations at Kinross Gold and possesses experience in all aspects of mining industry operations, process re-engineering, project development and corporate management.
1:20 Just closed C$5.87M oversubscribed placement
2:01 Currently deploying $15M of needed $37M CAPEX
3:16 Update on potential debt facility
4:42 Why Aurcana will succeed when past operator failed
9:12 Concerned at all about cost overruns?
10:27 When will mill be at full capacity?
12:35 First year production will be ultra-high-grade for quick debt payback
13:23 Increasing LOM efficiently
16:30 Future growth plans at RV mine and beyond
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