Gold Hits New All-Time High Gold is continuing to drive higher amid safe haven buying and rising geopolitical tensions, reaching a new all-time high driven by investor expectations of a Federal Reserve rate cut in September. Having broken out of its recent trading range, signaling a potential continuation of its longer-term bullish trend, gold could aim for a new all time high around $2,550. (Source: https://www.fxstreet.com/news/gold-retreats-from-chart-resistance-after-release-of-upbeat-us-data-202408160727)
Expected to produce 60,000–70,000 ounces with plans in place to double production from both assets by next year, LUCA Mining (LUCA.v LUCMF) is operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto.
Both assets are de-risked with permitting fully in place, 90% of required capital secured and infrastructure valued at $500 million supporting the operations
For more information, refer to LUCA's latest webinar: https://x.com/StckMasterFlash/status/1823472587579543957