A SILVER LINING FOR OURAY’S ECONOMY?

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With mother lode of cash, Ouray Silver Mines readies for production

  • Bolstered by a $28 million cash infusion last week, Ouray Silver Mines Inc. hopes to reopen historic Revenue Mine southwest of Ouray in the first half of 2021. Owners project the mine will eventually produce 5 million to 7 million ounces of silver per year. Below, Mine Safety Supervisor Bob Sweeden shows a part of a core sample drilled in Governor Basin to help mine managers decide where to expand operations. Photo above courtesy Ouray Silver Mines Photo below by Erin McIntyre — Ouray County Plaindealer
    Bolstered by a $28 million cash infusion last week, Ouray Silver Mines Inc. hopes to reopen historic Revenue Mine southwest of Ouray in the first half of 2021. Owners project the mine will eventually produce 5 million to 7 million ounces of silver per year. Below, Mine Safety Supervisor Bob Sweeden shows a part of a core sample drilled in Governor Basin to help mine managers decide where to expand operations. Photo above courtesy Ouray Silver Mines Photo below by Erin McIntyre — Ouray County Plaindealer
  • A SILVER LINING FOR OURAY’S ECONOMY?
    A SILVER LINING FOR OURAY’S ECONOMY?
  • Ouray Silver Mines Inc. Chief Executive Officer Brian Briggs stands next to a series of core samples pulled out of the mine’s operation in Governor Basin. The sixth-generation mining engineer from Ouray said the company has been recruiting new hires from across the West, although most of the mine’s employees are from the Western Slope. Erin McIntyre—Ouray County Plaindealer
    Ouray Silver Mines Inc. Chief Executive Officer Brian Briggs stands next to a series of core samples pulled out of the mine’s operation in Governor Basin. The sixth-generation mining engineer from Ouray said the company has been recruiting new hires from across the West, although most of the mine’s employees are from the Western Slope. Erin McIntyre—Ouray County Plaindealer
Local mine operator Ouray Silver Mines Inc. reached a milestone in its five-year quest to revive the historic Revenue Mine last week when its Canadian parent company, Aurcana Silver Corp., secured a $28 million debt-funding package to help launch the mine into production. The hefty cash infusion from Mercuria Energy Group Limited, a multinational commodity trading company, means that the long…

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