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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 okgonowon May 31, 2024 9:32am
70 Views
Post# 36066058

RE:LUCA Reports Strong Q1 2024 Results with Net Income of $7.3M

RE:LUCA Reports Strong Q1 2024 Results with Net Income of $7.3M
if you look at the table they held back some oz didnt sell all produced (prob in anticipation of higher prices)

av price for gold sold was just over $2000 so add 250 to 300 an oz next  Q ( 700 oz not sold) 
same with silver only got $22.99 its over $30 now (50k oz not sold)
copper sold at $8479 per ton 250 ton of copper held back ( copper now at $10016 per t)
and zink sold at $2156 per t 1000t held back and( price is now $3000 per t )

so Gold  extra $175000
silver  extra $ 450000
copper extra $375000
zink an extra $800000

if my math is correct that would add on top $ 1.8mill to Q2 numbers if they sold everything they held back


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