Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

<< Previous
Bullboard Posts
Post by MarketMakersson Dec 23, 2024 5:42pm
65 Views
Post# 36375674

Two Mines, Cashed Up and in Production - LUCA & TokStocks

Two Mines, Cashed Up and in Production - LUCA & TokStocks

Two Mines, Cashed Up and in Production - Luca Mining (LUCA.v LUCMF) CEO Dan Barnholden on TokStocks: https://www.youtube.com/watch?v=d12GiPqZJ2A

 

Luca Mining Overview

  • Two operating mines: Campo Morado (a poly-metallic mine in Mexico's Guerrero Gold Belt) and Tahuahueto (a primarily gold-focused epithermal deposit in Northwest Durango).
  • Infrastructure: High-quality infrastructure inherited from previous operators, including grid power, road access, and processing facilities. Campo Morado features a 2400 TPD mill.
  • Vision: Focused on three pillars, Optimization, Exploration, and Expansion, aiming to rehabilitate and expand operations to reach 100,000 gold-equivalent ounces in 2025.

 

Key Achievements and Goals

  • Operational Highlights:
    • Campo Morado: Transition to a mining contractor, aiming to ramp up production to 2400 TPD.
    • Tahuahueto: Nearing commercial production, targeting 30,000 ounces of gold-equivalent annually.
  • Production and Financials:
    • 2024: Forecast of 60,000 gold-equivalent ounces (split between the two mines).
    • 2025: Target of 100,000 gold-equivalent ounces, with projected cash flows of CAD $40–60 million.
    • Debt Management: Plan to be debt-free by mid-2026, enabling more flexibility for growth and shareholder returns.
  • Exploration Potential:
    • New exploration team hired to double reserves and grade at both mines.
    • Significant upside at Campo Morado, a historically high-grade VMS deposit with untapped potential.

 

Investment Highlights

  • Market Position: CAD $105–110 million market cap with significant infrastructure and exploration potential undervalued relative to peers.
  • Insider Ownership: ~40% insider ownership ensures alignment with shareholders. Bartholden personally invested over $1 million.
  • Catalysts: Production ramp-up at both mines, Exploration results from Campo Morado and Tahuahueto expected in early 2025 & Continued debt reduction and potential for shareholder returns.

 

Positioned at a critical inflection point, with improving operations, strong exploration upside, and a clear path to profitability, LUCA's strategic focus on optimization and expansion, coupled with its undervalued market position, makes it an appealing opportunity for investors seeking exposure to the mining sector.

 

Posted on Behalf of Luca Mining Corp.

 

<< Previous
Bullboard Posts