Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased to announce that it has arranged a funding package for the mine optimization program (the “Program”) underway at its 100% owned Campo Morado copper-gold-silver-zinc mine in Mexico. The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow. Mike Struthers, CEO, commented, “This is a transformational initiative for Campo Morado. Through this strategic funding we can push ahead aggressively with
Luca Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver and base metal mining projects.
Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports net revenue of $15.1 million in Q3 2023, representing a 2% increase over net revenue of $14.8 million in Q3 2022. Mine operating income (before depletion, depreciation, and amortization) in Q3 2023 was $0.30 million compared to $1.50 million in Q3 2022. The net mine operating loss in Q3 2023 was $0.74 million compared to
Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased to announce excellent results from its optimization program at the Company’s wholly owned Campo Morado polymetallic mine in Guerrero, Mexico. The program designed in cooperation with consulting metallurgical engineers, Ausenco, has yielded substantial increases in both recoveries and grades of the copper, zinc, and lead concentrates. These positive test results were achieved both in the laboratory and in the plant at Campo Morado. Highlights Ausenco Test Work and Plant Trials The site historically
Luca Mining Announces 1,000 tpd Construction Project Advancing to Plan at Tahuehueto Gold Mine in Mexico
Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased to announce that its expansion project to double throughput to 1,000 tonnes per day (“tpd”) at its wholly owned Tahuehueto Gold Mine in Durango, Mexico is progressing well and according to plan. The objective is to achieve an installed capacity of 1,000 tpd by year-end and announce commercial production in first quarter of 2024. First phase production levels are expected to reach over 40,000 ounces gold equivalent per year. Construction Status A second
Luca Mining Corp. (“Luca” or the “Company” (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased to announce the appointment of Mr. Chris Richings as Vice-President Technical for Luca. Chris has over 20 years of experience in underground and open pit mining operations in North and South America. He is a highly effective leader of large operational and technical teams. Formerly Director of Technical Services for both the Josemaria Project and the Candelaria operations (both Lundin Mining projects); and previously held a series of management roles in mine planning