Mr. Lenic Rodriguez, Aurcana's President & CEO, said: "We are very pleased to report record revenues up 20% this quarter compared to one year ago. The company produced 54% more silver ounces than it did in Q3, 2011. The increase in revenues was achieved despite a 16% decrease in silver prices this quarter compared to one year ago, Our La Negra mine was able to achieve a very low 10 cents cash cost per silver oz, net of by-products this quarter. The increase in production is expected to continue while we work to raise production capacity at La Negra and very soon start commercial production at Shafter mine in Texas. Aurcana is strategically positioned to become a senior silver producer."

Revenues in Q3, 2012 were $15.0 million a 20% increase from Q3, 2011. Year to date revenues were $40.6 million.
Production for Q3, 2012 was 376,687 silver ounces, up 54% from Q3, 2011 and 718,063 silver ounces equivalent, up 67% from Q3, 2011. The year to date production was 1,037,210 silver ounces and 1,899,280 silver ounces equivalent.
The cash cost for Q3, 2012 per silver oz net of by-products, was $0.10 and the cash cost per silver equivalent oz was $9.31. The year to date cash cost per silver oz net of by-products was negative at $(0.21) and the cash cost per silver equivalent oz was $9.05.
Earnings from mining operation in Q3 2012 were $6.4 million, down 6% from Q3, 2011 due to lower metal prices. Year to date earnings were $17.4 million.
Net income in Q3, 2012 was $3.4 million and $7 million year to date.
Operating cash flow (after taxes before movements in working capital) for Q3, 2012 was $4.83 million and $15.23 million year to date.
Ore milled in Q3, 2012 was 196,843 tonnes, up 64% from Q3, 2011 and 504,005 tonnes year to date.
The average net revenue per payable equivalent silver ounce sold in the third quarter of 2012 was $25.79, 16% lower than $30.83 per ounce in the third quarter of 2011.
The average grade of silver increased 7% YTD to an average of 80 grams per ton in 2012, compared to 75 grams per ton in 2011.
Revenues, earnings from mining operations and production figures originate from La Negra mine.