Accelerating to 100k Gold Equivalent - Luca Mining's Production Leap Year
Fully funded for 2024 due to cash flow generation from its operations, LUCA Mining (LUCA.v LUCMF) joined TokStocks to detail its two producing mines that provide significant leverage to gold, silver, copper, zinc and lead:
https://www.youtube.com/watch?v=9JPJs5n3Yew Expecting to produce 60,000-70,000 gold equivalent ounces, LUCA's two operating mines in Mexico are Tahuehueto and Campo Morado.
Currently trending towards quarterly revenues of around $140-$145 million this year, LUCA's upcoming catalysts include the installation of the last filter press for the tailings, which will increase production from 500 to 1,000 tons per day, and the expansion opportunity from 1,000 to 2,000 tons per day.
Campo Morado Focused on exploration at the Campo Morado Polymetallic Deposit, LUCA is targeting improved capabilities and increased payables.
Having made a range of improvements during its first phase of development, including increased copper and zinc recoveries alongside precious metals production, LUCA's next phase of development is focused on improving the capabilities of the concentrates and separating the copper and lead concentrates.
Having recently acquired old geophysics data, LUCA has a vast amount of drilling data and geochemical samples to explore and interpret to discover more ore bodies.
Tahuehueto With ~7M tons of reserves grading 5g/t AuEq, LUCA's Tahuehueto Project is in the pre-production stage ahead of ramping up to full commercial production.
Significantly, Tahuehueto's 2022 pre-feasibility study estimated an after-tax net present value (NPV) of $161M at a $1,600 gold price.
As the project has since been de-risked with a year and a half of pre-production during construction, LUCA is on track to achieve 1000tpd in the near term.
Further, significant exploration potential remains at the project given the latest discovery of a wide breccia with over 20 meters in width and high-grade gold. With all capital expenditure behind LUCA, the upcoming exploration program targeted in 2H 2024 will target more of these structures.
With proven success in optimizing projects, significant exploration upside, and a market cap of only $70 million, LUCA is worth keeping an eye on.
More here:
https://www.reddit.com/r/Canadapennystocks/comments/1dj3ab0/luca_mining_corp_lucav_sets_ambitious_targets_for/ Posted on Behalf of Luca Mining Corp.