"Silver Coin Sales on Track for Another Record Year"

Silver Coin Sales on Track for Another Record Year

 

 

Industrial demand accounts for nearly half of total silver demand, but demand for silver as an investment has been the main driver of record silver prices in past years. In 2013, investors have continued to view the white metal as a cost-effective means of wealth preservation. The US Mint has reported record-high silver coin sales for the first half of this year despite the 28-percent drop in value seen in the paper markets.

“Sales of silver coins by the U.S. Mint are heading for the best start to a year since at least 1986 as prices slumped,” reported Bloomberg earlier this week. So far this year, silver coin sales from the US Mint have totaled 24.03 million ounces. This impressive number has the Mint’s acting director, Richard Peterson, suggesting that 2013 may be a record-breaking year for US Mint silver coin sales. In 2011, the Mint hit a record 22.3 million ounces in the first half of the year and went on to sell a year-end total of 40.02 million silver ounces. Globally, total demand for silver coins and medals reached an all-time high of 118.2 million ounces in 2011.

Nearly half of that impressive 1H 2013 US Mint silver coin sales figure is comprised of the all-time monthly high of 7.5 million ounces reached in January — which prompted a suspension of sales due to a lack of inventory —  and the 4.1 million ounces in sales reached in April. While strong buying in April was attributed to bargain hunting after the silver price fell 16 percent in two days, to a low of $23.61 an ounce, January is traditionally a bright time of the year for physical silver sales — in January 2011, the Mint sold 6.42 million ounces worth of silver coins followed by 6.1 million ounces in January 2012

Speaking of seasonality in silver prices, June heralds the start of the ever-dreaded doldrums, when silver sales and silver prices ebb. In recent weeks, notes The Wall Street Journal, silver coin sales volumes at the US Mint have “slackened,” with just 1.6 million ounces sold so far this month. That’s not too bad when you consider that US Mint silver sales for the entire month of June totaled 3.4 million ounces in 2011 and 2.85 million ounces in 2012.

Analysts expect investment demand for silver, including silver coins and bars, to pick up in early September — the next uptrend in the silver seasonal cycle. Known as the “September increase,” it’s the first big rally in silver prices following the summer doldrums, making the summer months an excellent time for bargain 
shopping in the physical market.

Silver ore producers becoming silver bullion sellers

A few silver producers are positioning themselves to take advantage of rising demand for physical silver as wealth preservation by offering investors the ability to purchase specialty silver coins and bars online.
First Majestic Silver (TSX:FR,NYSE:AG) is the only mining company selling its own production in the form of silver bullion. Investors can purchase a wide array of high-quality 0.999 fine silver products from its secure online silver store, including 0.5-ounce and 1-ounce coins, 5-ounce ingots and 50-ounce bars. Last month,

First Majestic announced that it had tripled the NI 43-101 compliant proven and probable reserve estimate at its San Martin mine in the state of Jalisco, Mexico. The reserve estimate now totals 22 million silver ounces, increasing the mine’s life to 9.5 years and upping annual output to between 1.4 and 1.6 million ounces of rough silver.

Avino Silver & Gold Mines (TSXV:ASM,NYSEMKT:ASM) sells 0.999 fine silver 1-ounce coins. Earlier this month, Avino announced updated resource estimates on the San Gonzalo and Avino mine systems located on its Avino property near Durango in West-Central Mexico. The San Gonzalo mine resource estimate includes measured and indicated resources totaling 2,803,315 troy ounces of silver and 18,551 troy ounces of gold, as well as an inferred silver resource totaling 8,158,834 troy ounces of silver and 49,549 troy ounces of gold, all at a base case cut-off grade of 150 g/t for silver equivalent. The Avino mine resource includes an indicated resource totaling 10,835,338 troy ounces of silver and 72,207 troy ounces of gold and an inferred resource totaling 7,068,831 troy ounces of silver and 75,858 troy ounces of gold using a base case cut-off grade of 100 g/t silver equivalent.

Great Panther Silver (TSX:GPR,NYSEMKT:GSL) sells 1-ounce silver coins and 1-, 5- and 10-ounce silver bars all minted from 0.999 fine silver. Last month, Great Panther reported first quarter 2013 production at 607,501 silver equivalent ounces, a 9-percent increase from the same quarter in 2012, but a 10-percent decrease from the record production set in the previous quarter. “Existing capacity and continued improvements at the Guanajuato and Topia processing plants will help provide the foundation for growth in 2014 and beyond,” states the press release.

Pan American Silver (TSX:PAA,NASDAQ:PAAS) sells 0.999 fine silver bullion minted at the Northwest Territorial Mint. Pan American’s specialty silver products include ½-ounce and 1-ounce silver rounds as well as 1-ounce, 5-ounce and 10-ounce silver bars. The company reported first quarter of 2013 silver production of 6.3 million ounces, a 14-percent increase over the same period in 2012, due to the addition of low-cost production from the Dolores mine, acquired in March of last year.

Läge att köpa silver nu i juni?

Läste nyss artikel på silverinvesting news att att juni är svagaste månaden för silver. Artikeln ställer den klassiska Shakespearfrågan: "Att köpa eller inte köpa" - det är frågan.

Silver’s Weakest Month is Here: Time to Buy?

 

June has begun and the weather is turning warmer — those involved in the resource markets know that means the summer doldrums, when traders typically spend less time at their desks, are here. However, what investors may not be aware of is that June is historically silver’s weakest month.  

Looking at a seasonal chart for silver, Clive Maund of The Market Oracle notes that after falling in June, silver tends to begin heading upward in July, and particularly September, when investors return to trading. On that basis, he believes that any weakness in the next few days, and even up to three weeks into the future, “should be seized on as presenting a major buying opportunity.”

Where is the price? 

Since crashing, along with gold, in mid-April, silver has had little luck coming anywhere near the price tag of over $27 that it commanded prior to its fall. Indeed, Bill Downey, writing for ETF Daily News, said in an article published yesterday that silver has done nothing since that time “other than go sideways in a choppy, sloppy, sideways bearish looking pattern.” He believes that the one good thing that can be said about the situation is that it “is so ugly and bearish looking on the short term charts and the sentiment is so gloomy that perhaps we are near a bottom.”

That idea was also raised last week by Money Morning, which notes in an article that “the last time the number of silver shorts were at the current level for more than a week or two was July 2012,” according to MarketWatch’s Tom Essaye and Jim Woods. Encouragingly for today’s investors, within two months of that time, silver had risen 30 percent.

The article also notes that Peter Krauth, global resources specialist at Money Morning, has pointed out that the gold/silver ratio is currently at 62, which is high. That bodes well for silver prices, he believes. “It hasn’t been at these levels since late 2010, when silver started shooting higher from about $17 to peak around $48 in April 2011. It could still go higher, but it should cave to pressure and head downwards over time. That should mean higher relative silver prices,” he commented.

For his part, Maund of course believes there is “plenty” of current evidence that indicates that the white metal “is setting up for a powerful rally.”

The metal closed Tuesday in New York at $21.68 per ounce.

To buy or not to buy?

While investors might be deterred from buying on the basis that it’s better to “sell in May and go away,” not everyone believes that old adage holds much clout.
For instance, this time last year, Frank Holmes, CEO and chief investment officer at US Global Investors, as well as Eamonn Fingleton, former editor of Forbes and the Financial Times, questioned “the wisdom of taking a long summer break,” with Fingleton commenting that he has “never actually done so.”
It’s up to investors to determine whether these factors are a recipe for success for silver.

Silverproducenter i Mexico - artikeln nämner Aurcana & Avino mfl

Emerging Silver Producers in Mexico

Thursday June 6, 2013, 4:10pm PDT

By Staff Writer - Exclusive to Silver Investing News

Silver mining in Mexico is on the rise, and many hopefuls are flocking to the country to try their luck. Here’s a look at five such companies. 

Canada’s Aurcana (TSXV:AUN) owns 99.9 percent of the La Negra silver-copper-lead-zinc mine, which is located in Queretaro State, Mexico. As of 2009, La Negra was milling 1,000 metric tons (MT) per day, a number that jumped to 2,500 MT per day in 2012. This year, Aurcana expects to reach 3,000 MT per day. While exploration is ongoing at La Negra, a report from August 2012 identified 115 million ounces of measured and indicated silver underground. This news changed the mine’s life to at least 30 years.

Avino Silver & Gold Mines (TSXV:ASM), also based in Canada, has 99.28-percent ownership of the Avino mine in the heart of the Sierra Madre Gold-Silver Belt. The mine was discovered in the 1500s and has been in operation, on and off, ever since. The mine has been owned by Avino since 1974, though production shut down in 2001 as a result of low silver prices and the closure of a key smelter. Avino has since reopened the mine. The San Gonzalo zone achieved full-time production in October 2012, while the company is exploring new zones in the area that were discovered in 2011.

Formerly a subsidiary of NSGold (TSXV:NSX), NSX Silver (TSXV:NSY) is currently actively mining the Dios Padre mine, located in the Eastern Sierra Madre mountain range about midway between Hermosillo and Chihuahua in East-Central Sonora. NSX believes that the Dios Padre property’s exploration potential is excellent, particularly in the breccia body. The property has been mined since the 17th century and hosts high-grade silver mineralization. Pilot tests have already demonstrated that the property responds well to conventional milling and flotation, yielding a concentrate with 87-percent recovery of silver.

Gold and silver producer Silvermex Resources (TSX:SLX)‘s primary asset is La Guitarra, a property located in the Temascaltepec mining district of Central Mexico. The property, along with the company, was absorbed by First Majestic Silver (TSX:FR,NYSE:AG) in July 2012. The mine covers 98,135 acres and has been mined since the 15th century. Recently, the company completed an expansion program, increasing its silver production capacity by 40 percent, to 500 MT per day. Further planning is currently underway to increase production to as much as 1,000 MT per day. The mine consists of two underground operation centers and a flotation mill.

Vancouver-based Kootenay Silver (TSXV:KTN) is currently exploring its Promontorio mine in Sonora, Mexico; the company recently discovered that the mine contains 92 million silver equivalent (AuEq) ounces. The mine is made up of approximately 197,684 acres and contains an estimated 44.5 million MT grading an average of 64.32 g/t AuEq. Exploration of the area indicates that as many as 92 million ounces of AuEq could be available, with an additional 24 million ounces categorized as “inferred.” The company is approaching a milestone of 1 million ounces of AuEq mined.

4 Silver Juniors to Watch

4 Silver Juniors to Watch

At last week’s World Resource Investment Conference, hosted by Cambridge House International in Vancouver, Canada, Rick Rule⁴, chairman of Sprott Global Resource Investments, hosted a seminar titled Exploration: The Next Frontier. As the name suggests, he and panelists Brent Cook⁵, John Kaiser⁶, Lawrence Roulston⁷ and Jordan Roy-Byrne⁸ spent part of the allotted time discussing which junior resource companies they believe investors should keep an eye on.

 Below, in no particular order, are four of the silver juniors mentioned by the panelists.

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Reservoir Minerals (TSXV:RMC¹⁰) is currently exploring in Cameroon and Gabon in Africa as well as at six sites in Serbia. While the majority of its properties center on gold¹¹, its Parlozi project, located in Serbia, contains high-grade silver mineralization that is associated with lead¹² and zinc¹³ sulfides and is comparable to Trepca-type and Mexico-Peru cordilleran skarn/manto deposits, according to the company’s website. Its Bobija project, also in Serbia, may contain high-grade lead, zinc and silver mineralization as well.

Perhaps most significantly, Reservoir’s Timok gold-copper¹⁴-molybdenum¹⁵ project in Eastern Serbia is a joint venture with Freeport-McMoRan Copper & Gold (NYSE:FCX¹⁶), which is the project operator. Freeport has exercised its option to fund all exploration work at Timok until a bankable feasibility project is completed, according to Reservoir’s website. The company’s most recent news release¹⁷ states that it intersected 291.3 meters grading 7.17-percent copper equivalent at the project.

Based in Canada, Dolly Varden Silver (TSXV:DV¹⁸) is focused on developing its Dolly Varden Silver Mines property, which is located in Northwest British Columbia and hosts four historical deposits. The company describes it as an advanced-stage property and notes on its website that a historic resource estimate completed in 1986 estimates that it holds 5.7 million proven and probable ounces of silver. It intends to confirm that estimate, reclassify it as current and “expand the resource to a target of 40 to 50 million ounces of silver.”

In April, Hecla Mining (NYSE:HL¹⁹), a strategic investor in Dolly Varden, paid $2.7 million to maintain its 19.94-percent interest in the company. John King Burns, chairman of Dolly Varden, commented that Hecla’s continued investment “is a testament to … the prospects of [the] Dolly Varden property.” He also noted that the company’s plans for this spring and summer are to define a high-grade silver resource at the project’s four deposits and identify an “Eskay Creek-type VMS deposit” at the Red Point target, which is northwest of the existing mines.

Bear Creek Mining’s (TSXV:BCM²⁰) two main projects are Corani and Santa Ana, which are located in Peru and together contain over 500 million ounces of silver, 330 million of which are in reserves. Feasibility studies have been conducted for both projects; Corani’s shows that the deposit contains proven and probable mineral reserves of 270 million ounces of silver, 3.1 billion pounds of lead and 1.7 billion pounds of zinc, while Santa Ana’s shows that the deposit holds proven and probable mineral reserves of 63.2 million ounces of silver.

In June 2011, the Peruvian government reversed²¹ the decree that granted Bear Creek the mineral concessions that cover the Santa Ana project. While a judge dismissed²² that suit in February of this year, Peru’s Ministry of Energy and Mines has appealed that decision; the company hopes to reach a negotiated settlement regarding the project.

On a brighter note, Bear Creek reported in April the successful completion of a public hearing required for its Environmental and Social Impact Assessment (ESIA). That means that the surrounding community strongly supports the project and the company is on track to receive ESIA approval by the end of the year.

Also mentioned at the seminar was Riverside Resources (TSXV:RRI²³), a prospect generator with a number of gold, silver and copper projects. It is covered in 5 Gold Juniors to Watch²⁴, published last week on Gold Investing News.

Aurcana utökar La Negra och hittat lite guldhalter

Aurcana har släppt PR (se länk nedan för PDF) med info om man hittat lite guldhalter förutom Silver-, zink- och blyhalter Nordväst och Nordöst om La Negra gruvan.

 

Mr. Lenic Rodriguez, Aurcana’s President & CEO, states:" We are very pleased to report today significant exploration results and new discoveries at La Negra. The presence of gold associated with strong silver, zinc and lead values in new areas tested is very encouraging. While historically gold production has not been a major source of revenue at La Negra, and the potential economic significance of these results is not known, these results are of strong interest to us. The ramp-up at Shafter, increase in mining capacity at La Negra and excellent exploration results, are indeed exciting times for Aurcana."

 

Highlights

• Zona Aurifera I, returned strong assay values including: o 15.3 gm/t Au and 261 gm/t Ag;

o 12 gm/t Au and 105 gm/t Ag;

o 10.0 gm/t Au and 381 gm/t Ag;

• Zona Aurifera II also returned strong assay values including: o 2.8 gm/t Au and 229 gm/t Ag;

o 2.4 gm/t Au and 307 gm/t Ag;



Observera speciellt de avslutande orden i nyheten:
"The potential for extensions of these resources in the upper portion of the mountain and the deep extensions have not been pursued since Aurcana acquired the property. As such, these results are seen to be a step towards recognizing the greater potential of the La Negra mineralized zones."


Bolaget tror alltså att detta tyder på att La Negra i själva verket kan vara mycket större än vad den nu är uppmätt. Att detta är ett första steg mot att avtäcka den större potentialen hos La Negra.

Aurcana news release - 11-02-2013

CPM group tror på lägre silverpris fram till 2022

CPM Group: Lower Prices and the Potential Bull Trap¹

Tuesday February 5, 2013, 4:15am PST

By Michelle Smith² - Exclusive to Silver Investing News³

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⁶

CPM Group has made some assessments about the silver market that many investors will not like. The firm recently updated⁷ its Silver Long-Term Outlook, which gazes out to 2022, presenting an argument for weaker silver prices over that period. The firm also released a report⁸ that suggests many investors may currently be at risk of getting caught in a bull trap.
Silver has been trending lower since April 2011, when “hype” pushed prices to $49, according to CPM Group. Prices plunged the following month and have traded between $26 and $36 since September 2011.

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Recently, silver has not performed as many market participants insist that it should. The strong price action that is supposed to be seen at times of heightened economic risk has often failed to materialize. But some market observers continue to hypothesize that silver prices will head higher, CPM Group’s report states.

Long-term silver outlook
Silver investors were net sellers for well over a decade. CPM Group notes that since 2006, economic and financial crises have fueled interest and investors have been net buyers.
“The single most important question facing future silver prices is how much silver investors will want to buy going forward — or whether they might revert to long-term selling as they did only a few years ago,” the firm said.
CPM Group claims to have identified several emerging trends in the market that could result in wobbly investment demand over the next decade and may weigh on prices going forward. Using this information, the firm makes a case for lower silver prices over the next decade.
Its assessment points to developments that have reduced silver demand over the past decade, including higher silver prices and technological advancements such as digital imaging and smaller electronic components. There is also the possibility that a substantial amount of silver mine production capacity may be added over the next 10 years.

Beware of the silver bull trap
In a recent market note, CPM Group addressed the current state of the silver market, warning that seasonal strength could result in a bull trap.
In early January, silver could be found below $30. Moderate price increases seen later in the month, together with marketing hype, reignited bullish sentiment among some investors, the firm said.
Peddling concern about a supply shortage is one of the tactics that these “marketing hypesters” are using. To help lend credibility to their story, they point to the fact that the US Mint temporarily suspended¹⁰ the sale of the 2013 Silver Eagles after the coins sold out last month. Once sales recommenced, January ended with 7,498,000 coins sold. That all-time monthly high provides fodder for the portrayal of the marketplace as raging with demand for physical silver.
CPM Group notes that it was all simply a ripple effect. The Mint estimates annual production. Last year, fiscal cliff talks sparked a surge in demand that was especially notable in November. When December rolled around, the 2012 Silver Eagle sold out. The 2013 coin was then released into a market with pent-up demand, so it too sold out.
CPM Group points to an ample supply of good delivery bars to meet surging purchases by ETFs and COMEX-registered depositories. The firm notes that there was a 19.4-million-ounce increase in silver ETFs on January 16. Yet there were no delivery disruptions reported.
“All of this talk about a shortage of silver is irrational and not supported by readily available market data,” the report states.
Silver is produced in 242 mines located in 38 countries, the firm notes. Furthermore, the firm calculates that 27 billion ounces of silver exist above ground. 90 percent is held by individuals in forms such as jewelry, silverware and decorative items. The balance is in the form of investment products. All of this metal is theoretically available for sale to investors.
“Conspiracy theorists” try to get listeners to imagine scenarios that CPM Group suggests are quite far fetched. Popular among them is a situation where all investors demand delivery of the silver they hold through ETFs, banks and futures contracts.
While CPM Group admits that this “unlikely phenomenon would obviously push prices higher,” the firm also points out that such a scenario implies a situation where the market is devoid of sellers.
“This is why every bubble has burst, because at some point, those buyers become sellers.”
The firm warns that extreme scenarios concocted by silver marketing groups should never be the basis for rational investing.

Short-term silver outlook
Seasonal strengths in investment and fabrication demand pushed prices higher in January and some other factors could drive prices up later in February. But they are minor and do not represent convincing justifications for expectations that prices will rise significantly higher in the longer term, the firm believes.
Between now and March, prices could reach the $34 to $36 level. CPM Group notes that there is often an elevated level of congestion in the market ahead of COMEX March futures expiry, a result of seasonal demand strength.
“Should a run up in prices occur before this period, silver prices could drop shortly thereafter, possibly toward $26,” the firm said.

Securities Disclosure: I, Michelle Smith, do not hold equity interests in any of the companies mentioned in this article.

http://silverinvestingnews.com/15546/cpm-group-silver-prices-bull-trap-united-states-mint-outlook.html?utm_source=Resource+Investing+News&utm_campaign=39975a690e-RSS_EMAIL_CAMPAIGN&utm_medium=email

Aurcana release LN

Aurcana PR idag om nya borrhål från La Negra som visar på att man kan expandera gruvan åt nordöst och nordvästlig riktning.

La Negra Drill Hole Results Confirm High Grade Continuity in the Northeast and Northwest Trends

The Value of Silver - bra blogginlägg om Silvers värde

The Value of Silver

Sprott fortsätter promota Silver

Why are (Smart) Investors Buying 50 Times More Physical Silver than Gold?

By: Eric Sprott

As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. The current availability ratio of physical silver to gold for investment purposes is approximately 3:1. So, why is it that investors are allocating their dollars to silver at a much higher ratio? What is it that these “smart” investors understand? Let’s have a look at the numbers and see if it’s time for investors to do as a wise man once said and “follow the money.”

Average annual gold mine production is approximately 80 million ounces, which together with an estimated average 50 million ounces of annual recycled gold, totals around 130 million ounces available per year. In comparison, annual mined silver production has averaged around 750 million ounces, while recycled silver is estimated at 250 million ounces per year, which adds up to approximately 1 billion ounces. Using this data, there is roughly 8 times more silver available to buy than there is gold. However, not all gold and silver is available for investment purposes due to their use in industrial applications. It is estimated that for investment purposes (jewelry, bars and coins), the annual availability of gold is roughly 120 million ounces, and of silver it is 350 million ounces. Therefore, the ratio of physical silver availability to gold availability is 350/120, or ~3:1.¹

Now, let’s examine how investors are allocating their investments between gold and silver. The data below is from the US Mint showing gold and silver sales in ounces:

RBC Capital Markets Price Target AUN 1.25 cad

Report on Aurcana

Aurcana PR om komersiell produktion vid Shafter igår fredag 14/12

Se Scoris blogg för kommentarer

Väntan på Aurcana

Fortsätter pendla kring 1 CAD i en svag råvarumarknad och i väntan på PR om kommersiell produktion i Shafter-gruvan.

Q4 2012 är uppgett, senaste PR innehålle två nyrekryteringar, LN och Shafter, som visar hur man satsar hårt på båda gruvorna.

Aurcana och den höga belåningen

Jag avråder andra från samma höga belåning jag själv har. Dagens affärer exemplifierar att varningen är befogad.

På grund av nedgången i AUN f.n. Tvingandes jag igår halvera mitt innehav i SIAF, ett fint lågt värderat framtidsbolag jag verkligen tror på och en längre Tid ÖNSKAT men INTE KUNNAT öka i. Men jag gjorde en chansning och köpte ett tiden ill AUN dig för att hoppas kunna följa med upp igen och förhoppningsvis om jag ar tur med en högre kurs på Aurcana om några veckor kunna återköpa i SIAF.

Hur då?

Vi väntar på PR från Aurcana om att Shafter-gruvan ska vara i kommersiell produktion. Denna nyhet som ska komma nu i Q4 2012 borde höja Aurcana uppåt 1.1-1.3 i ett första skede, gissningsvis, utifrån nuvarande kurs på 0.98 CAD.

Då hoppa jag kunna återköpa SIAF, kanske även öka jämfört med innehavet före halveringen igår.

Jämförelse av värdering av Silverbolagen & APE

Taget från Apogee Silvers november presentation

Apogee Silver (APE:TSV)

Jag ligger själv som bekant tung i Aurcana, äger inga Avino för tillfället men efter Aurcana är Avino silver and goldmines det silverbolag som jag är mest positiv till och sugen att ta in i portföljen.

Arian Silver har jag spanat på men valt bort för Aurcana, men Arian förefaller vara ett prisvärt köp med verksamheten i Mexico, har inte full koll på deras ekonomi just nu dock.

För den som vill ta mindre risk men tror på silver framöver är First Majestic förmodligen det klockrena köpet, om inte Aurcana förstås.



Apogee silver är lågt värderat, men det kan förklaras av den höga politiska risken i Bolivia.
Bear Creek har för nåt år sedan fått tillgångar konfiskerade av Bolivias regering.

Det är fullt möjligt att Apogee får behålla sina tillgångar så länge de förblir av "mindre betydelse" ur ett nationellt mining-perspektiv. Säg att politiken förändrats om ett antal år och företaget enl. plan uppnått fullskalig produktion 2014-2015

OB inlägg om AUN

With the silver price hovering around $35 an ounce — up from $5 a decade ago — the mine's owners, Aurcana Corp., are looking clairvoyant.
“With production costs of significantly less than $10 an ounce, the idea of reopening this mine was a very good one,” said Greg Miller, a mining consultant for Aurcana, which bought the Rio Grande Mining Co. in 2008 for $40 million, since has invested $60 million to revive the operation.
Miller said some of the sweet spots are proving as rich as chocolate cake.

OB blogginlägg

Tidningsartikeln

Scoris blogginlägg om AUN presentation genom Gecko igår

Aurcana

Aurcana och dess ledning med Lenic Rodriguez i spetsen var i Stockholm igår och presenterade bolaget. Det var Gecko Research som anordnat mötet och här kommer några korta saker som är av extra intresse för oss som redan är insatta i bolaget;

- Shafter producerar med takten 600-700 tpd just nu. Anledningen till att de inte kommer upp högre än är pga att de behöver en filterpress. Denna är beställd och väntas i december och Aurcana räknar med att ha den i drift i slutet av året. De räknar med att nå 1500 tpd i början av nästa år.

- De förväntar sig att kunna deklarera kommersiell produktion vid Shafter om ca 4 veckor. Reglerna för när man får deklarera kommersiell produktion har lättats upp. Man behöver tydligen inte längre vara uppe på 60% av den tänkta produktionsnivån för att kunna deklarera kommersiell produktion.

- Aurcana tror att det kan finnas en stor fyndighet under den nu kända mineraliseringen vid Shafter. De ska borra diagonala hål för att försöka hitta de sk. "feeders" som leder till mineraliseringen.

- En av utmaningarna vid Shafter har varit att hitta kompetent gruvpersonal. Detta anser de sig ha löst nu genom att skicka personal från Shafter ned till La Negra i Mexiko där de får jobba ett tag och lära sig. Sedan får de åka tillbaka till Shafter och fortsätta jobba där.

- 1500 tpd vid Shafter motsvarar 3.8 Moz Ag, på sikt ska de upp till 2500 tpd vilket kommer att motsvara 6.3 Moz Ag.

- Det återstår i stort sett ingen CAPEX vid gruvorna. De nämnde siffran 2 MUSD i återstående CAPEX.

- Notering på TSX kan bli aktuellt under nästa år.

- La Negra's halter ökade ju i senaste resursuppdateringen. Aurcana räknar med att halterna i produktionen kommer att öka med ca 10% per år framöver tills de är uppe i nya head grade. Head grade går från 80 g/t Ag till 100 g/t Ag.

- Om jag förstod det rätt så skulle La Negra göra 2500 tpd i Q1 nästa år för att i Q1 2014 göra 3000 tpd. Kvarnen har redan kapaciteten. Det handlar om att kunna mata den med 3000 tpd.

- De nämnde möjligt förvärv av annat silverbolag. De verkar ligga i långt gångna förhandlingar om detta och det ska bli intressant att se vad de har tänkt sig om det blir en affär.

- De aggressiva planerna om att nå 8-10 Moz Ag ino 15-18 månader ligg fast.

 

 

 

Jag fastnar för potentialen i uttalandet "- Aurcana tror att det kan finnas en stor fyndighet under den nu kända mineraliseringen vid Shafter. De ska borra diagonala hål för att försöka hitta de sk. "feeders" som leder till mineraliseringen." Jämför med novemberpresentationen, slide om mineraliseringen och geologin runt Shafter

Bull TA från igår på AUN

Aurcana Corp forms bullish "Symmetrical Continuation Triangle" chart pattern
Nov 07, 2012

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Aurcana Corp (AUN:TSXV). This bullish signal indicates that the stock price may rise from the close of $1.09 to the range of $1.29 - $1.35. The pattern formed over 31 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.



Recognia AlertWire

Bloggen BullMarketRun om Aurcana

Aurcana Corp. (AUN, TSX-V) Chart Update
Another Silver producer that shows excellent potential, and is trading within a very nice upsloping channel, is Aurcana Corporation (AUN, TSX-V)…when you see a chart like this, you can have confidence that the company is on the right track and Silver is headed higher…AUN is a penny higher at $1.10 as of 7:30 am Pacific…




BullMarketRun

Aurcana november presentationen highlights

Den nya presentationen av Aurcana för november innehåller bekräftelser, förtydliganden och positiva nya detaljer.

Förtydligande av vad Lenic tidigare sagt om att BlackRock köpt på sig en del Aurcana

Beträffande La Negra så frmagår tydligt den fortsatta potentialen som understryks av handlingar på SEDAR.com som visar att Aurcana ca 24 dubblat sitt landområde intill La Negra i Mexico, givetvis på grund av att det finns potential att öka reserverna/starta ny gruva på sikt.

I Shafter så visar denna slide på möjligheten att det finns mineralisering som inte fastställts/lokaliserats riktigt intill Shafter.

Avslutningsvis en jämförelse med peers, av Aurcanas marknadsvärde.

 Slutsats: Jag behåller och tänker ligga lång i aurcana, ska formellt avsluta mina studier tidigast juni 2016. Vad kommer 100 000 - 150 000 i Aurcana nu på ca 1,10 Cad att vara värt om 4 år? Jag vill se Aurcana komma upp ordningsmässigt i först nuvarande kapacitet på 6 Moz, sen målet 10 Moz och som jag ser det efterföljande 12-13 Moz med ökad TPD och högre grades, kanske behåller jag minst till 2016 om inte längre.

CEO för Aurcana i intervju på BNN

CEO för Aurcana i intervju på BNN