Exposure to Vital Metals in Today's Economy In producing gold, silver, copper, zinc, and lead from two operating mines, LUCA Mining (LUCA.v, LUCMF) provides significant diversification to a range of vital metals in our current economy.
Copper and silver are two essential metals for electrification and decarbonization, gold is popular due to its ability to protect against inflation and currency fluctuations, zinc is strongly in demand for infrastructure development and industrial activities, and lead is consistently in demand from the automotive industry and energy storage markets.
Campo Morado:
- Focus: Exploration and improving production capabilities.
- Improvements: Increased copper and zinc recoveries, enhanced precious metals production.
- Next Phase: Improve concentrate capabilities and separate copper and lead concentrates.
- Data Acquisition: Obtained old geophysics data, with extensive drilling data and geochemical samples for exploration.
Tahuehueto:
- Reserves: ~7 million tons grading 5g/t AuEq.
- Stage: Pre-production, ramping up to full commercial production.
- 2022 Pre-Feasibility Study: Estimated an after-tax NPV of $161 million at a $1,600 gold price.
- De-risking: A year and a half of pre-production during construction.
- Production Target: Achieving 1000 tons per day in the near term.
- Exploration Potential: Discovery of a wide breccia with high-grade gold over 20 meters in width. Upcoming exploration program in 2H 2024 to target more structures.
- Production Guidance: 60,000-70,000 AuEq ounces for the full year
Currently trending towards quarterly revenues of around $140-$145 million this year, LUCA's two operating mines set the company up for a busy year with significant potential for rerating, proven success in optimizing projects and significant exploration upside.
Posted on Behalf of Luca Mining Corp.