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     518  0 Kommentare Aurcana Reports 2014 Financial Results - Seite 3

    Summary

    In July, 2014 Mr. Kevin Drover was named the new President and CEO of Aurcana Corporation. After taking the helm, Mr. Drover initiated a cost reduction program which has significantly lowered the costs of production. The cost reduction program will continue in 2015. The La Negra mining operations production controls have steadily improved. Safety continues to be a high priority. Metal concentrate prices continued to drop during 2014 putting pressure on profit margins. The Shafter property remains on care and maintenance until silver prices rise. The Company expects significant increases in production in 2015 and beyond.

    To read complete Financial Statement click on this link: http://aurcana.com/_resources/financials/2014-FS.pdf

    To read complete MD&A click on this link: http://aurcana.com/_resources/financials/2014-MDA.pdf

    Corporate

    The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

    About Aurcana Corporation

    Aurcana Corporation is a primary silver producing company with two properties: the La Negra Mine in Mexico and the Shafter Silver Project in Texas, US. The latter was put on care and maintenance in December 2013, in part due to depressed silver prices. The Company is developing new mining plans for both properties as it continues to work to improve margins and shareholder value.

    The technical information in this release has been reviewed by Jerry Blackwell (PGeo.), a Director and technical advisor to the Company and a Qualified Person as defined by National Instrument 43-101.

    ON BEHALF OF THE BOARD OF DIRECTORS OF

    AURCANA CORPORATION

    Kevin Drover, President & CEO

    NR-4-15

    This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. Fforward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.

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    Verfasst von Marketwired
    Aurcana Reports 2014 Financial Results - Seite 3 VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 14, 2015) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) is pleased to report its audited financial results for December 31, 2014. The summary of the selected …