Aurcana boosts Q3 revenues 43% on higher sales, prices

Friday, December 3, 2010

Vancouver-based Aurcana (TSX-V: AUN) posted a 43% year-on-year increase in Q3 net revenues to Cdn$7.48mn (US$7.44mn) from Cdn$5.23mn on higher sales.

Silver sales rose 47% to 238,722oz from 162,086 while the average sales price increased to US$18.98/oz from US$14.74/oz, according to the company's quarterly results.

Copper sales increased to 351t from 313t and the average price was up to US$3.29/lb from US$2.65/lb.

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Zinc sales rose to 730t from 358t. The average price increased to US$0.91 from US$0.80/lb, the company said.

Earnings from mining operations to improved 72% to Cdn$3.01mn from Cdn$1.75mn year-on-year.

Aurcana's only producing operation is the La Negra mine in Mexico.

To read the full results, go to this link