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Bullboard - Stock Discussion Forum 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... see more

TSXV:LUCA - Post Discussion

Luca Mining Corp > Great Quarter!
View:
Post by TheRexmember on Apr 22, 2024 12:58pm

Great Quarter!

There I put up a more positive headline, lol.

guidance was for 60-70k equivalent ounces this year and 100k in 2025

Q1 produced 10,500 at CM and 3,650 oz. At Tahue

so annualized production at Campo Morado is running @ 42,000 or 5% above forecast plus some production increase is coming in H2

Tahue capacity is 25-30k annually so I expect 12-15k in the last six months plus 8-9k in H1. They are supposed to be at capacity in June. 

some simple extrapolation is 62-66k ounces equivalent before any increases at CM in H2. 

CM has the theoretical mill capacity to increase to about 60-65k with the current equipment on site - which is where I think another 20k ounces come from in 2025. 

WE ARE ON TRACK!!

Comment by diggin78 on Apr 22, 2024 5:46pm
I'm thrilled with the recent progress at both mines. I held off on buying more today but might pull the trigger tomorrow. 
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