Aurcana Reports Record 3rd Quarter Results

Aurcana Corporation (TSXV:AUN) announced its third quarter unaudited financial results ended September 30, 2011.

As quoted in the press release:

The most significant highlights for the 3rd quarter ending September 30, 2011 were:

• 224% increase in earnings from mining operations in Q3, 2011, $6.8 million compared to $2.1 million in Q3, 2010. 415% increase in YTD earnings from mining operations of $17.5 million in 2011 compared to $3.4 million in 2010.

• 217% increase in net income, $3.8 million in Q3, 2011 compared to $1.2 million in Q3, 2010. YTD net income up $6.8 million, to $6.1 million in 2011 compared to a loss of $0.7 million in 2010.

• Revenues increased 68% to $12.1 million in Q3, 2011 from $7.2 million in Q3, 2010. YTD revenues increased 114%, to $35.3 million in 2011 from $16.5 million in 2010.

• Operating cash flow before movements in working capital items, to $6.2 million in Q3 (2010 loss of 0.2 million).

Click here to read the Aurcana Corporation (TSXV:AUN) press release