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     775  0 Kommentare Aurcana Reports Q1 2015 Financials and Results of the 2015 Annual General Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2015) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) is pleased to report its unaudited financial results for the quarter ended March 31, 2015 ("Q1 2015"). The summary of the selected financial information in this press release should be read in conjunction with the unaudited financial statements and the related management's discussion and analysis for the three months ended March 31, 2015, together referred to as the "Financial Statements", which have been filed on SEDAR (www.sedar.com) and the Company's website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

    Mr. Kevin Drover, Aurcana's President and CEO, said. "Q1 was a quarter of transition for the La Negra operation as we exhausted the stockpiles of previously mined material in Q4 2014 and had to rely solely on new mine production for mill feed going forward. A new mine plan based on the new resource model was completed in early February and we have begun the process of transitioning to operating the La Negra mine in accordance with the new mine plan. In the coming months we will be focused on optimizing the new mine plan, increasing production, while further reducing costs and increasing our mine resources through the 2015 exploration program. The objective of this year's exploration program is to incrementally increase our overall resources by year end."

    The most significant highlights for Q1 2015 were:

    1. Earnings (losses) from mining operations in Q1 2015 were ($0.2) million, compared to $3.4 million in Q1 2014, mainly due to significant decreases in metals prices and lower production in connection with the implementation of the new mine plan.
    2. Operating cash flow before changes in working capital of $0.1 million, compared to $0.9 million in Q1 2014.
    3. Cash cost per tonne milled decreased 5.4% in Q1 2015 to $30.13 from $31.85 in Q1 2014.
    4. Cash cost per silver equivalent ounce produced (before treatment, refining and smelting charges, "TCRC") decreased 14.9% to $7.58 in Q1 2015, compared to $8.90 in Q1 2014.
    5. Total silver equivalent production was 824,860 ounces in Q1 2015, compared to 919,989 ounces in Q1 2014.
    6. Silver production was 325,811 ounces in Q1 2015, compared to 360,791 ounces in Q1 2014, a decrease of 9.7%.
    7. Average silver grades increased to 58 g/t in Q1 2015, compared to 55 g/t in Q1 2014.

    Earnings

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    Aurcana Reports Q1 2015 Financials and Results of the 2015 Annual General Meeting VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2015) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) is pleased to report its unaudited financial results for the quarter ended March 31, 2015 ("Q1 2015"). The …