Highest Grade Silver Mine in the US starts production.

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Aurcana Silver initiates production at it's Ouray, Colorado silver mine.  The mine historically has grades over 60 ounces per ton.  The average grade of the current resource is 37 ounces per ton, but the grade increases with elevation.  The mill started up in September, 2021 and Aurcana expects the mine to be cash flow positive by November.  Initial development will be on the Virginius vein which is only 25% explored/developed, Aurcana expects to produce on this vein for more than 20 years.  This mine has 9 mineralized veins that produced historically and that cross the Revenue Tunnel, so Aurcana expects this mine to run for many decades.

Category
Mining Precious Metals
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