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Thursday, October 22, 2020

Aurcana Silver Corp is Financed, and Production to Start Shortly

from Kerry Lutz's Financial Survival Network

I sat down with Bill Powers of Mining Stock Education and Keven Drover, CEO of Aurcana Silver Corp., (sponsor) which owns arguably the world’s highest-grade silver mine in Colorado. All permits are in place. With the announcement of a secured a debt facility to cover costs needed to achieve production, the final hurdle to production has been cleared. Drover believes it can happen in as little as six month. A lesser known part of the story is the exploration upside. Initially they’ll be mining a relatively small portion of their land package. Assuming that favorable silver prices stay with us, and this mine could be producing for many years to come. And that could mean big gains for those who got in early. (Disclosure: We are shareholders)

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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/35hdDCs