According to the current mine plan, Shafter is a short-lived operation that would only support peak output for the first two years before dwindling down to 2 million ounces by the fifth year of operation. However, the Shafter deposit remains open along strike to potential expansion in two directions from the adjoined historical and modern orebodies. In its former incarnation as the Presidio mine, Shafter produced some 35 million ounces of silver between 1883 and 1942. I have learned to never underestimate the potential for modern exploration to yield meaningful expansion of historically significant orebodies.
Aurcana stock forecast 2012
Indonesia stock info - Aurcana stock forecast 2012 ; Aurcana enters 2012 with a remarkable production surge in the works. The company anticipates first production from the Shafter mine in Southwest Texas in May of this year, with 3.8 million ounces of low-cost silver output slated for the mine's first 12 months of commercial output. Given the simultaneous 33% expansion of the mill at Aurcana's producing La Negra mine in Mexico -- targeted for completion in March 2012 -- I see strong potential for Aurcana to approach 6 million ounces of silver-equivalent production during 2013. From a current production profile of about 1.7 million SEOs per year, a 250% surge within a two-year span represents one of the industry's most exciting near-term growth trajectories.
According to the current mine plan, Shafter is a short-lived operation that would only support peak output for the first two years before dwindling down to 2 million ounces by the fifth year of operation. However, the Shafter deposit remains open along strike to potential expansion in two directions from the adjoined historical and modern orebodies. In its former incarnation as the Presidio mine, Shafter produced some 35 million ounces of silver between 1883 and 1942. I have learned to never underestimate the potential for modern exploration to yield meaningful expansion of historically significant orebodies.
According to the current mine plan, Shafter is a short-lived operation that would only support peak output for the first two years before dwindling down to 2 million ounces by the fifth year of operation. However, the Shafter deposit remains open along strike to potential expansion in two directions from the adjoined historical and modern orebodies. In its former incarnation as the Presidio mine, Shafter produced some 35 million ounces of silver between 1883 and 1942. I have learned to never underestimate the potential for modern exploration to yield meaningful expansion of historically significant orebodies.
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