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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 TheRexmemberon Apr 22, 2024 11:22am
68 Views
Post# 36001371

RE:RE:hoping to see

RE:RE:hoping to see

I think the selling is pretty standard after a rise and pull back. Some small holders will be hyper focused on daily share prices. 

Too bad the Q came out on a day gold dropped 60.00

very pleased with the quarter.

they are saying Tahue operating at capacity by end of Q2 - I have heard June a few times now. Sounds like the only holdback is the final tailings press to reach nameplate. 

reading back thru all the news releases - pretty confident that Struthers put good people and systems in place. To me it resonates that this was a capital starved operation for a long time. The financings put it on track but now cash flow is really going to drive rising production and better operations. 

I read the tailings reprocessing news from last summer but do not see any updates. Should be amenable to a heap leach process on the finely ground tailings. The remaining metal content is quite high.

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