VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION (“Aurcana” or the “Firm“) (TSXV: AUN) is happy to announce that the TSX Enterprise Change has acknowledged Aurcana as a high 10 performing Firm within the Mining sector. The TSX Enterprise 50 is a rating of the highest performing corporations throughout 2020 based mostly on the next three equally weighted standards for the yr: 1) share value appreciation (AUN +285%), 2) market capitalization (AUN +506%) and three) buying and selling quantity (AUN 144.6 million shares).
Aurcana is honored to be acknowledged as a high 50 performer on the TSX Enterprise Change for 2020. “To be acknowledged as a TSX Enterprise 50 winner implies that the efforts that Aurcana has made in constructing a robust asset base and incomes a major and constant shareholder base have paid off. This recognition as a frontrunner amongst our friends implies that all of our exhausting work for the reason that acquisition of Ouray Silver Mines is coming to fruition. We stay up for a profitable restart of the Income-Virginius mine this yr and plan to proceed our monitor file of constructing shareholder worth,” mentioned Kevin Drover, President and CEO of the Firm.
As a part of the award, the TSX Enterprise Change recorded an outline of Aurcana Silver, which will be considered right here: https://vimeo.com/511470204/83f1889aa2.
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Company wholly owns and is restarting its flagship polymetallic Income-Virginius Mine (RV Mine), in Colorado. The RV Mine’s main steel is silver, with gold, lead, zinc and copper by-product credit. The Firm is absolutely funded and absolutely permitted to begin manufacturing on the RV Mine in 3Q2021. The RV Mine is anticipated to supply roughly 2.3 million ounces of silver (3.1 million ounces silver equal) at an AISC of roughly $7.40/ounce of silver after by-product credit over the primary 5 years* based mostly on the RV Mine’s 2018 feasibility examine (the “2018 FS”) ready in accordance with Nationwide Instrument NI 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”). A duplicate of the 2018 FS is posted on the Firm’s web site www.aurcana.com and can be obtainable on the Firm’s profile on SEDAR at www.sedar.com.
Aurcana Silver additionally owns the absolutely permitted Shafter-Presidio Silver Mission in Texas, US with a primarily silver useful resource. A 2018 PEA exhibiting a optimistic worth and substantial leverage to the value of silver is obtainable on the Firm’s web site www.aurcana.com and can be obtainable on the Firm’s profile on SEDAR at www.sedar.com.
*(1) Primarily based on the NI 43-101 OSMI Feasibility Examine issued by SRK Consulting (U.S.), Inc. efficient June 15, 2018 (“FS”); (2) Metallic equal foundation is calculated utilizing the FS Value Deck: Ag $18.50/oz, Au $1,300/oz, Pb $1.00/lb, Zn $1.20/lb. See slides 13 and 14 for particular person steel elements of sources and reserves. For additional data see the Firm’s information launch dated July 30, 2018 titled “Aurcana Broadcasts Transformational Transaction” which is obtainable on the Firm’s web site and is filed on SEDAR www.sedar.com; (3) Sources inclusive of Reserves; (4) AISC or All In Sustaining Prices is a non-IFRS and Non-GAAP measure; AISC consists of all manufacturing prices associated to extraction and processing as w ell as prices related to transportation, remedy, refining and different promoting prices plus capital prices; (5) AFTER BY PRODUCT CREDITS: Byproduct credit for Au, Pb & Zn calculated with the FS Value Deck.
Certified Individual Assertion
The scientific and technical content material of this information launch was reviewed and authorised by Michael Gross, P. Geo, a “certified individual” inside the which means of NI 43-101
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
President & CEO
For additional data, go to the web site at www.aurcana.com or contact:
850 – 789 West Pender Road
Vancouver, BC V6C 1H2
Telephone: (604) 331-9333
Gary Lindsey, Company Communications
Electronic mail: email@example.com
This press launch incorporates ahead trying statements inside the which means of relevant securities legal guidelines. The usage of any of the phrases “anticipate”, “plan”, “proceed”, “anticipate”, “estimate”, “goal”, “might”, “will”, “challenge”, “ought to”, “predict”, “potential” and comparable expressions are supposed to determine ahead trying statements. Particularly, this press launch incorporates ahead trying statements regarding, with out limitation, statements referring to the Non-public Placement (together with with respect to the timing of closing of the Non-public Placement). Though the Firm believes that the expectations and assumptions on which the ahead trying statements are based mostly are affordable, undue reliance shouldn’t be positioned on the ahead trying statements as a result of the Firm can’t give any assurance that they are going to show right. Since ahead trying statements tackle future occasions and situations, they contain inherent assumptions, dangers and uncertainties. Precise outcomes may differ materially from these at present anticipated because of plenty of assumptions, components and dangers. These assumptions and dangers embody, however will not be restricted to, assumptions and dangers related to the receipt of regulatory or shareholder approvals, and dangers associated to the state of monetary markets or future metals costs.
Administration has supplied the above abstract of dangers and assumptions associated to ahead trying statements on this press launch so as to present readers with a extra complete perspective on the Firm’s future operations. The Firm’s precise outcomes, efficiency or achievement may differ materially from these expressed in, or implied by, these ahead trying statements and, accordingly, no assurance will be on condition that any of the occasions anticipated by the ahead trying statements will transpire or happen, or if any of them achieve this, what advantages the Firm will derive from them. These ahead trying statements are made as of the date of this press launch, and, aside from as required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace publicly any ahead trying statements, whether or not because of new data, future occasions or outcomes or in any other case.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.