Think about the AUMN management team when reading the below comment:

Usually I put up weekly charts on Monday, but not this week.

Aurcana price down, mine shuttered.

Is this good or bad news?

Well, there is this side to it: By putting the Shafter project on "care and maintenance", they didn't sell forward to the banks at a 3 years low metal price. This preserves inventory for sale a (possibly) higher value, tightens supply, and the noose around the necks of shorts trying to break metal prices down to a lower level.

It's the diametrically opposite kind of news item to last week's story of an LBMA Executive advising mining CEOs to the effect that it's going down more, sell all you can now (to exchange member banks) or you'll be out of business.

Watch and wait.