- Luca Mining (TSXV:LUCA) recently achieved commercial production at its Tahuehueto gold and silver mine in Durango, Mexico, prompting the company to issue guidance for 2025
- The plant is currently achieving throughput of more tan 800 tons per day, or 82 per cent capacity, with a ramp-up to 85-90 per cent underway
- Luca Mining is a gold, copper, zinc, silver and lead producer with two mines in Mexico’s Sierra Madre mineralized belt
- Luca Mining stock has added 243.24 per cent year-over-year
Luca Mining (TSXV:LUCA) recently achieved commercial production at its Tahuehueto gold and silver mine in Durango, Mexico, prompting the company to issue guidance for 2025.
Tahuehueto has been operating at a throughput of more than 800 tons per day (tpd), with capital expenditures of US$10.5 million estimated in 2025, including US$6.5 million going towards mine workings, with the remainder to be allocated to infrastructure upgrades, plant enhancements and camp improvements. Plant availability, currently at 82 per cent, will be increased to 85-90 per cent of installed capacity (1,000 tpd) through a disciplined, systematic process.
At the Campo Morado copper, zinc and lead mine, Luca’s other producing asset, the company is targeting a throughput increase to more than 2,000 tpd by the end of 2025, amid ongoing work to improve metal recoveries, maintain grade consistency and develop a third copper concentrate.
Luca will undertake a US$3.9 million, minimum 10,000-metre exploration program split between both properties in 2025 with eyes on resource expansion. These efforts will be supported by an estimated US$30 million to US$40 million in free cash flow before working capital adjustments. According to Monday’s news release, management expects the company to be debt free by July 2026.
Luca Mining’s 2025 guidance
Produced metal
|
|
Campo Morado |
Tahuehueto |
Consolidated |
| Gold production |
oz |
11,000 – 13,000 |
22,000 – 26,000 |
33,000 – 39,000 |
| Silver production |
oz |
997,000 – 1,173,000 |
247,000 – 291,000 |
1,244,000 – 1,464,000 |
| Lead production |
lbs |
5,000 – 6,000 |
3,600 – 4,200 |
8,600 – 10,200 |
| Zinc production |
lbs |
40,000 – 47,000 |
6,000 – 7,000 |
46,000 – 54,000 |
| Copper production |
lbs |
8,000 – 9,000 |
1,400 – 1,700 |
9,400 – 10,700 |
| Gold Equivalent production |
oz |
54,000 – 64,000 |
31,000 – 36,000 |
85,000 – 100,000 |
(Source: Luca Mining)
Payable metal
|
|
Campo Morado |
Tahuehueto |
Consolidated |
| Gold production |
oz |
7,000 – 9,000 |
20,000 – 25,000 |
27,000 – 34,000 |
| Silver production |
oz |
722,000 – 889,000 |
219,000 – 270,000 |
941,000 – 1,159,000 |
| Lead production |
lbs |
– |
3,000 – 4,000 |
3,000 – 4,000 |
| Zinc production |
lbs |
32,000 – 40,000 |
4000 – 5000 |
36,000 – 45,000 |
| Copper production |
lbs |
6,000 – 7,000 |
– |
6,000 – 7,000 |
| Gold Equivalent payable |
oz |
40,000 – 49,000 |
25,000 – 31,000 |
65,000 – 80,000 |
(Source: Luca Mining)
2025 budgeted capital expenditures and exploration
|
|
MineDevelopment– Sustaining |
Other Capital– Sustaining |
TotalSustaining |
Exploration |
Total |
| Campo Morado |
$ |
10 million |
3 million |
13 million |
1.3 million |
14.3 million |
| Tahuehueto |
$ |
6.5 million |
4 million |
10.5 million |
2.6 million |
13.1 million |
| Consolidated |
$ |
16.5 million |
7 million |
23.5 million |
3.9 million |
27.4 million |
Amounts in US$. (Source: Luca Mining)
Leadership insights
“This milestone marks a significant step in the mine’s development, reflecting the operational team’s dedication and the effectiveness of recent optimization efforts,” Ramon Perez, president of Luca Mining, said in a statement. “Achieving this sustained production level demonstrates the mine’s ability to generate stable output, supporting the company’s growth strategy and long-term value creation. The company remains focused on further enhancing efficiencies and maximizing the mine’s full potential.”
“Luca is entering an exciting phase of growth, underpinned by a commitment to operational excellence and exploration success,” added Dan Barnholden, Luca Mining’s chief executive officer. “In 2025, we anticipate a significant increase in production, strengthened cash flow, and the advancement of highly strategic initiatives. With two operating mines generating robust free cash flow, we are well positioned to enhance our performance while identifying new growth opportunities, including potential M&A activity. Our long-term vision is to establish Luca as a leading mid-tier mining company with a production target exceeding 200,000 gold equivalent ounces annually.”
About Luca Mining
Luca Mining is a gold, copper, zinc, silver and lead producer with two mines in Mexico’s Sierra Madre mineralized belt, which hosts numerous producing and historic mines.
Luca Mining stock (TSXV:LUCA) last traded at C$1.27 per share. The stock has added 243.24 per cent year-over-year.
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(Top image: Luca Mining)