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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a Canada-based mining company operating in Mexico that engages in exploration, development and operation of polymetallic mineral resource projects in Mexico. It offers a portfolio of two advanced projects: Tahuehueto and Campo Morado. The Company's Tahuehueto Gold Mine Project is in north-western Durango State, Mexico where construction of an initial 500 tons per day (tpd) operation is well advanced. The commercial production, the 1,000 tpd project, shall follow immediately after commissioning the initial stage. The operation is generating gold, silver, lead and zinc in concentrates. Its Campo Morado is an operating polymetallic base and precious metals mine producing at an average of 2,400 tpd, generating zinc and copper concentrates with significant precious metals credits.


TSXV:LUCA - Post by User

Comment by TheRexmemberon Apr 30, 2024 11:49am
69 Views
Post# 36014946

RE:results

RE:results

I think your forecast for rest of 2o24 is a little too high but it is close to the company projections for 2025. Would be happy with 20k to 22k ounce equivalent exit rate. 

Tahue was not at 60% for all of Q1. It was at 60% for March only and part of April so a few more ounces should be coming from there . We will see what they maintain  while they install the last tailings press. Guessing Q2 is something around 5 -6k  so agree with you there. 

Campo is not expected to hit design capacity this year they have a few more pieces to install and they are being extremely careful with the production ramp. The next priority there is the three concentrate streams to reduce ore discounts. 

I was told to look for an exit rate around 2000 tonnes per day at Campo Morado. So depending on mine plan ( grades) further testing and equipment install my guess is closer to 20k oz in Q4 with continued growth into 2025. 

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