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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a Canada-based mining company operating in Mexico that engages in exploration, development and operation of polymetallic mineral resource projects in Mexico. It offers a portfolio of two advanced projects: Tahuehueto and Campo Morado. The Company's Tahuehueto Gold Mine Project is in north-western Durango State, Mexico where construction of an initial 500 tons per day (tpd) operation is well advanced. The commercial production, the 1,000 tpd project, shall follow immediately after commissioning the initial stage. The operation is generating gold, silver, lead and zinc in concentrates. Its Campo Morado is an operating polymetallic base and precious metals mine producing at an average of 2,400 tpd, generating zinc and copper concentrates with significant precious metals credits.


TSXV:LUCA - Post by User

Comment by lscfaon May 30, 2022 11:58pm
134 Views
Post# 34718918

RE:Q1 on sedar

RE:Q1 on sedarThe overall performance of Campo Morado has improved quarter over quarter through during the last 21 months leading up to 2022 as a result of various initiatives to improve mining and ore production as well as other cost reduction initiatives. When comparing the three months ended March 31, 2022 and 2021, plant production remained consistent, increasing marginally from 174,382 tonnes processed in the three months ended March 31, 2021 to 176,610 tonnes processed in the three months ended March 31, 2022. Although plant production remained stable, lower realized grades and recoveries from the processed minerals and increasing treatment charges resulted lower miner operating income during Q1-2022 in comparison to Q1-2021.
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