Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Gold Prices Continuing to Rise Amid Election Uncertainty
View:
Post by MarketMakerss on Nov 04, 2024 3:21pm

Gold Prices Continuing to Rise Amid Election Uncertainty

Amid U.S. election uncertainty, gold prices are continuing to rise with spot gold increasing 0.4% to $2,745.29 per ounce following last week's record high of $2,790.15. Investors are concerned about a contested result and political tensions with polls showing a close race and analysts including Bart Melek from TD Securities suggest gold may perform well if Trump wins due to inflation concerns from potential tariffs.

 

Further, the Federal Reserve’s anticipated quarter-point rate cut on Thursday is also in focus, though it may not significantly impact gold prices. Similarly, a weaker U.S. dollar, which makes gold more attractive to foreign buyers, supported the metal’s rise. (Source: https://www.kitco.com/news/off-the-wire/2024-11-04/gold-rises-us-election-jitters-fed-policy-meeting-loom)

 

On track to producer over 100,000 ounces of gold equivalent per year starting in 2025 from its two mines, Luca Mining (LUCA.v LUCMF) has attracted significant attention as of late having recently commenced a major exploration drilling campaign at its near-term Tahuehueto Gold Mine.

 

Marking the first significant drill program at the mine in over a decade, the campaign is targeting the extension of the resource and has significant potential given the lack of historic drilling despite its near-term production potential.

 

With both Rick Rule and Jeff Clark having invested heavily in recent weeks, LUCA's strong position amid this market is clear.

 

For more information, refer to this deep dive: https://www.reddit.com/r/Canadapennystocks/comments/1gf2whs/reasons_for_strong_stock_performance_of_luca/

 

Posted on Behalf of Luca Mining Corp.

Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities