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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Post by 1StockInformeron Dec 13, 2024 8:25pm
68 Views
Post# 36362061

TODAY: Highly Experienced Mining Executive Joins LUCA

TODAY: Highly Experienced Mining Executive Joins LUCA

Today, Luca Mining Corp. (TSXV: LUCA, OTCQX: LUCMF, Frankfurt: Z68), a Canadian mining company with two cash-flowing operations in Mexico, announced the appointment of Ramon Mendoza Reyes, P.Eng., as Chief Technical Officer (CTO). Mr. Mendoza brings over 35 years of expertise in mine development, optimization, and management to Luca, further strengthening the company’s leadership team as it enters a new growth phase.

r/Wealthsimple_Penny - TODAY: Highly Experienced Mining Executive Joins Mid-Tier Gold Producer, Luca Mining (LUCA LUCMF), as CTO

Company Overview  

Luca Mining operates two fully owned mines in Mexico's prolific Sierra Madre mineralized belt:  

  • Campo Morado Mine (Guerrero State):  

    • Produces copper-zinc-lead concentrates with precious metals credits.  

    • Undergoing optimization to improve recoveries, grades, and cash flow.  

  • Tahuehueto Mine (Durango State):  

    • A gold-silver operation expected to reach commercial production by early 2025.  

With these assets, Luca projects production of 80,000–100,000 gold equivalent ounces in 2025, underpinned by ongoing exploration and expansion efforts..  

Mendoza's Industry Expertise  

Mr. Mendoza has a proven track record in Mexico’s mining sector, having led transformative initiatives in both underground and open-pit operations. His career includes key roles at First Majestic Silver Corp., where he oversaw resource estimation, exploration, mine design, and project delivery. Notably, he played a critical role in bringing the Ermitao Mine into operation within five years of its discovery and doubled annual metal output through strategic acquisitions.  

His experience includes:  

  • Managing five mining operations with over 4,000 employees.  

  • Successfully integrating geology, mining, and metallurgy teams for optimized production.  

  • Leading six major projects to improve processing plants and implement cleaner energy infrastructure.  

Commenting on his new role, Mr. Mendoza said, "I am very pleased to join Luca Mining as their new CTO. Luca is on a strong growth track, and I look forward to contributing to the experienced team. We will deliver significant value from the Tahuehueto and Campo Morado mines going forward."

Strategic Growth Plans  

CEO Dan Barnholden welcomed Mr. Mendoza, emphasizing Luca’s commitment to attracting top talent to advance its goals. Barnholden noted, “With the right people and strategy in place, we are well-positioned to execute our growth plans, which include expanding our resource base, increasing production, and achieving our cash flow and share price performance goals.”

With a focus on operational excellence and resource growth, Luca Mining is well-positioned to unlock further value from its Mexican mining operations. Upcoming development for LUCA and its project include: 

  • Optimization at Campo Morado, targeting a ramp-up to 2,400 tpd by mid-2025.  

  • Exploration campaigns aimed at doubling resources, with drilling at Campo Morado beginning in early 2025.  

  • Debt repayment plans accelerated to July 2025, supported by strong cash flow

Full news here: https://lucamining.com/press-release/?qmodStoryID=5626657242283183

Posted on behalf of Luca Mining Corp.

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