News Summary: LUCA Announces Q4 2024 Plans On Tuesday, Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors), a mid-tier gold producer, outlined its key work programs for Q4 2024 and beyond, following the successful completion of an $11.3M financing.
Luca operates two 100%-owned mines, Campo Morado and Tahuehueto, in Mexico's Sierra Madre belt, producing gold, copper, zinc, silver, and lead. The company remains focused on optimizing production and advancing its exploration efforts.
At Campo Morado, Luca aims to consistently reach mining rates of over 2,000 ore tonnes per day by the end of 2024. The mine is also undergoing improvements in metal recoveries, grades, and efficiency, with a goal of exceeding 70,000 gold equivalent ounces annually by 2025.
Tahuehueto's construction is complete, and the mill is currently in the commissioning phase, with commercial production expected by the end of Q4 2024.
Luca is also initiating its first significant drill programs in over a decade at both mines, with results anticipated in late Q4 2024.
CEO Dan Barnholden remarked, "Our primary areas of focus support our three pillars of value creation: optimization, exploration, and expansion. We expect these programs to not only drive a near-term valuation re-rating but also underscore the substantial upside of our operations and pave the way for organic growth."
Full news here: https://lucamining.com/press-release/?qmodStoryID=7914414852725440
Posted on behalf of Luca Mining Corp.