The company is in a position to grow because of the potential of its existing mines in Mexico and Texas . One of the company ’ s existing mines is the La Negra mine in Queretaro State , Mexico . Aurcana owns 99.9 percent of the La Negra silver-copper-lead-zinc mine .
“ Initially , it was thought that La Negra had a short life left ,” says Lenic Rodriguez , president , CEO and director . “ We have found that there are many resources left there , as they have increased more than 20 times in October 2012 when we have updated our resources . Even after this significant increase , La Negra still has a huge exploration potential . We feel enthusiastic about it , as there is a lot of evidence of mineralization , which most recently also includes gold .”
Extended life
Historically , the mine was discovered and developed by Industriales Peñoles S . A . de C . V . It began production in 1970 and produced until being put on care and
m-mtoday . com 45