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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 Reports Record Q2 2024 Revenue of $18.2M, Up 49% YoY
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Post by 1StockInformer on Aug 30, 2024 8:12pm

LUCA Reports Record Q2 2024 Revenue of $18.2M, Up 49% YoY

Yesterday, Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors) announced a record net quarterly revenue of US$18.2 million for Q2 2024, reflecting a 49% increase year-over-year. 

r/wallstreetsmallcaps - Mid-Tier Gold Eq Producer, Luca Mining Corp. (LUCA.v LUCMF) Reports Record Q2 2024 Revenue of $18.2M, Marking a 49% Year-Over-Year Increase

LUCA produces gold, silver, zinc, copper, and lead, with its 100%-owned mines in Mexico: the Campo Morado underground mine and Tahuehueto Gold Silver Mine.

For the six months ending June 30, 2024, the company reported total net revenue of US$34.5 million, marking a 33% increase compared to the same period in 2023. 

LUCA also achieved positive net earnings of US$4.7 million in Q2 2024, a 217% increase over Q2 2023, with earnings per share (EPS) up by 130% to US$0.03 per share. 

For the first half of 2024, total net earnings reached US$10.0 million, a significant 303% increase, with EPS climbing 175% to US$0.06.

The company reported positive cash flow from operations at US$739,000 and an adjusted EBITDA of US$4.1 million for Q2. 

Production during the quarter included 13,947 troy ounces of gold equivalent, with contributions from gold, silver, zinc, copper, and lead.

LUCA completed major construction at its Tahuehueto Gold Silver Mine and expects to reach full production by Q4 2024. 

In addition, ongoing improvements at the Campo Morado mine are anticipated to enhance efficiencies and throughput, positioning the company for continued growth in the latter half of 2024.

CEO Dan Barnholden expressed optimism regarding the company's performance, highlighting positive income, EBITDA, and cash flow from operations. 

CFO Lisa Dea also emphasized the company's transformation over recent months, indicating a strong outlook for continued growth.

Full report here: https://lucamining.com/press-release/?qmodStoryID=6421229754912224

Posted on behalf of Luca Mining Corp.

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