Gold Prices Surging AgainGold prices have begun to surge again, driven by safe-haven buying amid geopolitical tensions and bargain hunting following recent declines. President Biden’s authorization for Ukraine to strike Russia with U.S.-supplied long-range missiles, combined with Russia deploying North Korean troops near Ukraine's northern border, has amplified uncertainty, boosting demand for gold and silver. Plus, Goldman Sachs forecasts gold could reach $3,000 an ounce by December 2025, citing global uncertainty and potential impacts of the new Trump presidency.(Source:
https://www.kitco.com/news/article/2024-11-18/gold-price-sharply-safe-haven-demand-bargain-hunting)
Targeting the production of 100,000 ounces of gold equivalent per year in 2025, mid-tier gold producer Luca Mining (LUCA.v LUCMF) is strongly positioned in the market with two producing and 100% owned mines.
Currently, LUCA is undergoing both a production ramp-up at its Campo Morado project, as well as an extensive exploration program at its Tahuehueto Gold Mine, which account for a total resource of 2.7 million oz Au Eq so far.
For more information, refer to this deep dive:
https://www.reddit.com/r/PennyStocksCanada/comments/1gujgsy/luca_mining_corp_lucav_lucmf_targets_100k_oz_gold/ Posted on Behalf of Luca Mining Corp.