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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 StanOson Dec 16, 2022 12:42pm
232 Views
Post# 35176089

RE:RE:NEW MANAGEMENT

RE:RE:NEW MANAGEMENT
Lets see what management does. I am looking at what the CEO has managed to do with Candelaria which seems to have similar opperational problems. He has not managed to resolve them for Candelaria. It looks like the same group behind the sceens including the COO and senior technical advisors.

Looking at the opperations performance of companies like Altaley, Candelaria, Impact Silver, in a country that has price controlled electicity and fuel, I would expect better opperational performance.

There were hints that either bad project management or incompetent contractors were part of the problem.

Lets hope the board supports the CEO in making changes needed.
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