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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 666999on Jul 26, 2024 3:57am
87 Views
Post# 36149309

RE:2nd Mine Complete

RE:2nd Mine CompleteGot reply from IR, company will start trading on TSX in near term, and maybe on NYSE in future, about diluttion  the company will consider raising capital as and when we have high impact/high IRR use of proceeds. Management is keenly focused on dilution given insider ownership, I think it was said no PP in 24,
I think that future earnings should be enough for any spendind, drilling etc, increasing production, lower AISC is what will brings value right now, next few Qr's will tell where we go, this could be great story if mgmt will deliver, glta
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