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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Comment by aberlangaon Jun 01, 2022 4:21pm
134 Views
Post# 34724488

RE:RE:Q1 on sedar

RE:RE:Q1 on sedarQ1 2022 in Campo Morado
Fortunately, production and recoveries in Campo Morado have been maintained, but it is worrying that after so long are not grinding 2500 tpd (Tonnes per day), continue with serious operating problems that should be foreseen that are causing substantial increases in costs and reduction in production. Increase capacity is perfectly viable, for example, in Q2-2018, immediately after declaring commercial production, came to grind 2200 tpd and in Q1-2020 from January 25 to February 22, after a long period without operating and before the closure forced by Covid, were achieved 2193 tpd for 11 continuous days.  More worryingly, these deficiencies have increased the AISC from $55 in 2018 to $0.95 in 2021 and to $1.49 in Q1.

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