Goldstockdata.com's Don Durrett recently highlighted several junior gold/silver producer speculation plays which are particularly suitable for risk-averse investors due to its balanced risk-reward ratio.
Among the companies he spotlighted was LUCA Mining Corp. (Ticker LUCA.v or LUCMF for US investors) which he discusses at the video's 24 minute mark. Some of Durrett's favorite things about LUCA include its long mine life, continued exploration for resource/production expansion, good base metal credits as a VMS, and strong insider holdings.
LUCA is a Canadian firm focused on mining in Mexico, boasting a market capitalization of about C$70 million.
It operates two cash flow generating projects: its Tahuehueto gold operation which aims to produce 40,000 to 45,000 gold equivalent (AuEq) ounces annually, and its Campo Morado operation which has a production target of 40,000 to 50,000 AuEq ounces annually by 2025.
In total LUCA anticipates producing 60,000-70,000 oz of AuEq in 2024 and targets 100,000 oz for 2025. Both projects are de-risked and have expansion and resource development plans.
Recent metallurgical tests at Campo Morado have demonstrated promising results, indicating the potential for increased copper recovery rates and grades.
This could add to the success LUCA has already had with its Campo Morado Improvement Project (CMIP) already boosted the project's copper recovery rates significantly
Full news here: https://www.newswire.ca/news-releases/luca-reports-successful-metallurgical-test-work-for-new-copper-concentrate-at-campo-morado-865602325.html
Posted on behalf of LUCA Mining Corp.