Aurcana One Step Closer to Mid-Tier Status

Aurcana Reports Record Production in Q1. Keep an eye on this one! They've got the Shafter silver mine in Texas coming online very shortly, which will produce 3.8 million ounces of silver in the first 3 years.

All we need to do now is change the name to "Aurcana Silver" !

I am long AUN.
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"Thu Apr 26, 2012 Aurcana Reports: Record Silver Production at La Negra Mine

Aurcana Corporation ("Aurcana" or the "Company") is pleased to report silver production for Q1 2012 of 287,486 ounces compared to 240,275 in Q1 2011 , the largest quarter for silver production in Aurcana's history. Silver production for the first quarter of 2012 increased 19.6% compared to Q1, 2011. Silver Equivalent increased 29.3% to 492,864 for Q1 2012, compared to 381,146 in Q1 2011.

The average grade of silver increased 9% to 81 grams per ton in Q1, 2012, compared to 74 grams per ton in Q1, 2011.

Mill feed was 130,570 tonnes in Q1. Fifteen percent (18,948 tonnes) were from NI 43-101 Measured and Indicated Resources and 85% (111,622 tonnes) were from new discoveries or non-compliant resources. La Negra is now applying 43-101 standards in developing new mineralized zones to increase our compliant resources. A new compliant resource estimate will be released in the second quarter. Additionally, new ore zone development initiatives are being carried out on the Northwest Trend."


www.aurcana.com

The "V" That Jim Sinclair is Talking About

Jim Sinclair said recently in a King World News interview: "...we’ve seen some V-bottoms during daily operations, where they (manipulators) have forced gold (down) and it just snapped right back.  There is no question, it is a matter of record, that multiple central banks around the world have been large buyers of a significant amount of gold in the last two months."

"... every time the manipulators come in to reduce the price they are running into significant physical buying.... "


Why would gold drop to $1640 to $1625 in a day where the Fed re-iterates that interest rates would be kept low to 2014? That is bullish for gold. The answer is obviously, manipulation.

Newmont Mining Raises Dividend 75 Percent

Proof that gold miners are really profitable even with gold at current "low" levels! 
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"Newmont Mining (NYSE: NEM, Stock Forum), after Tuesday's close, announced that its Board of Directors declared a quarterly dividend of 35 cents per share of common stock, payable on June 28, 2012, to holders of record at the close of business on June 12, 2012.

"The 75% increase in our dividend compared to the second quarter of 2011 demonstrates our commitment to returning capital to shareholders," said Richard O'Brien, Newmont's President and CEO. "Our shareholders continue to benefit from our preeminent gold price-linked dividend policy."

The second quarter 2012 dividend of 35 cents per share was declared in consideration of Newmont's first quarter 2012 average realized gold price of $1,684 an ounce. Under the miner's gold price-linked dividend guideline, each quarterly dividend will be based on Newmont's average realized gold price for the preceding quarter.

At its current share price of $46.37, Newmont's quarterly dividend payout rate would give its stock a yield of about 3% on an annualized basis, presuming the gold price remained at $1,684 throughout the year. At a $2000 gold price, the yield would jump to nearly 6% if the stock stayed in the $46 range.
Despite its dividend increase, shares of Newmont Mining have dropped 18% during the past 52 weeks. The company plans to release its first quarter 2012 results before the market opens on Friday, April 27, 2012." From Stockhouse.com