Aurcana Corp. Will Participate in the Precious Metals Summit According to BAC Report
21 Sep 2011 • by Natalie Aster
LONDON - Aurcana Corporation recently announced that its CEO Lenic Rodriguez is invited to the Precious Metals Summit in Beaver Creek, Colorado (USA). The event will be held on Thursday, September 15, 2011, and over 100 companies will be present. The summit is a major investors’ gathering introducing them to current Mining and Metals market situation and future prospects. Aurcana has gained a unique opportunity to attract new grand investors and raise its funds.
During his presentation Lenic Rodriguez will cover the following topics:
- Rising silver production to 3.8 M oz at Shafter and 1.2 M oz at La Negra;
- 2010 increase by 50% in tons milled;
- Current status of Shafter Silver Mine.
Aurcana’s recent financial performance reflects major positive trend. In Q2 2011 company’s revenue increased by 158% comparing to the same period of the previous year, and amounted USD 12.4 M. Net income managed to reach positive numbers, equaling EUR 1.4 M. FY 2010 indices are a graphic description of Aurcana’s strengthening market position. In the last four years company’s revenue increased by 307.6%. Net income in 2010 fell below zero point due to large investments in Shafter site.
Founded in 1917 and headquartered in Vancouver, Aurcana Corp. engages in exploration, development and operation of two silver mines – La Negra and Shafter. La Negra, situated in Mexico, is currently under reconstruction. It has silver, copper, lead and zinc deposits. Shafter will have its full launch in 2012 and will be a solely silver mine.
The overview on the company’s business activities, risk factors, financial performance and prospective markets can be found in the report “Aurcana Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Report Details:
Title: Aurcana Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2011
Pages: 82
All information of the overall Canada Metals and Mining Industry its competitive environment can be found in the report “Canada Metals and Mining Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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