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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 > LUCA 'Continuing to Show Improvements'
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Post by MarketMakerss on Jul 16, 2024 5:13pm

LUCA 'Continuing to Show Improvements'

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.

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