LUCA Mining (LUCA.v, LUCMF) is 'continuing to show improvements' following a successful Q1 2024 earnings season, as detailed in this Seeking Alpha article: https://seekingalpha.com/marketplace/1370-off-the-beaten-path/analysis/6032821-earnings-season-q1-24-luca-mining-continues-to-show-improvements
Due to the ongoing optimization efforts and potential margin improvements, the article emphasizes LUCA's bullish sentiment, with key catalysts including the recovery from an oversold level, increased production and improved margins at its Campo Morado and Tahuehueto Mines.
With a capacity of over 2,000 t/d, Campo Morado is undergoing optimization work and has shown promise for improving profitability thus far.
Tahuehueto, a higher-margin mine, is on track to reach a throughput of 1,000t/d by late 2024.
With this, the combined annual gold equivalent production is expected to be around 80k oz, with selling and treatment costs expected to decrease as Tahuehueto contributes more to production.
Providing significant diversification to a range of vital metals in our current economy, LUCA is worth keeping an eye on with a range of potential future catalysts including strong commodity prices boosting margins, achieving an annualized AuEq production of 80Koz, improved recoveries and changing from 2 to 3 concentrates at Campo Morado and the ramping up of Tahuehueto to 1,000t/d.
For more information, refer to this deep dive: https://www.reddit.com/r/Wealthsimple_Penny/comments/1dlgkx6/luca_mining_lucav_a_junior_gold_copper_silver/
Posted on Behalf of Luca Mining Corp.