Boosting Production in 2025: LUCA CEO Update Video Summary In a recent video update, Dan Barnholden, CEO of Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors), detailed the mid-tier gold producer's key initiatives as it approaches the end of 2024 and looks ahead to 2025.
He emphasized ongoing activities at both of its mining operations in Mexico—Campo Morado and Tahuehueto.
Campo Morado
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LUCA is working with a contractor to increase production capacity to 2,000 tonnes per day by the end of Q4 2024.
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The company is also collaborating with a global engineering firm to enhance mill recoveries, particularly in copper.
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A shift to a three-concentrate system, separating zinc, copper, and lead-silver-gold, is expected to improve metal recovery rates and payability.
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LUCA's goal is to exceed annual production of 70,000 gold equivalent ounces by 2025
Tahuehueto
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Following the completion of construction in July, LUCA's focus is on reaching a steady production rate of 1,000 tonnes per day by the end of 2024.
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This target would position the mine to produce approximately 30,000 ounces of gold equivalent in 2025.
Barnholden also detailed the company's drilling plans at both the Campo Morado and Tahuehueto projects.
At Campo Morado, he mentioned that Luca Mining is set to initiate its first drill program in over a decade, marking a significant step in exploration efforts at this site.
Meanwhile, at the Tahuehueto project, which he described as underexplored, the company is currently mobilizing drillers to the site, with expectations to release drill results in the coming weeks and months.
These activities underscore the company's commitment to expanding resource potential across both of its operations.
Full video:
Posted on behalf of Luca Mining Corp.