LUCA's Path Forward Facilitated by the increased production at its 100%-owned Tahuehueto Gold Mine and Campo Morado mines which have a projected output of over 100,000 gold equivalent ounces per year starting in 2025, Luca Mining (LUCA.v LUCMF) recently resumed principal repayments on its term loans with Trafigura Mexico S.A., targeting debt elimination by 2026 and aiming to be debt-free by 2027.
Notable investors like Rick Rule and Jeff Clark have shown confidence in LUCA’s potential, further highlighted by the launch of a significant exploration drilling campaign at Tahuehueto, the first in over a decade, to extend the mine's resource.
With improved cash flow from ongoing operations, LUCA is strengthening its financial position, focusing on operational efficiency and debt reduction to support long-term stability and shareholder value. CFO Lisa Dea emphasized this achievement as pivotal, noting that improved cash flow has enabled LUCA to prioritize debt reduction while maintaining growth. This financial flexibility positions LUCA well to explore growth opportunities and enhance shareholder returns, contributing to its ongoing success.
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Full News Release: https://lucamining.com/press-release/?qmodStoryID=8226889701778274
Posted on Behalf of Luca Mining Corp.