Luca Mining is pleased to announce that it has executed a purchase agreement and closed a transaction with Minera Mexicana La Ciénega, a subsidiary of Fresnillo, to acquire a 100% interest in a large mining concession adjacent to the Company's Tahuehueto Mine. As consideration for a 100% interest in the Humaya 3 mining concession, which covers 2,507 hectares and directly surrounds the Tahuehueto Mine, Luca has paid [...]
Luca Mining is pleased to announce analytical results from the next six surface drillholes at the Reforma Deposit and the next five underground drillholes of the 5,000 m underground and 2,500m surface Phase One exploration drill program at the Campo Morado Polymetallic VMS mine. Luca has begun to unlock the gold potential at Campo Morado with consistent high-grade gold intercepts from both the Reforma Deposit and in areas [...]
Luca Mining is pleased to report its operational and financial results for the second quarter ended June 30, 2025. The quarter was highlighted by strong throughput, increased production, and a continued ramp-up at Tahuehueto, partly offset by lower precious metals grades and higher sustaining capital investments as the Company advances key underground development and exploration programs. The Company generated revenue of [...]
Luca Mining is pleased to announce analytical results from the first surface drillhole at the Reforma Deposit and the next four underground diamond drill holes of an ongoing 5,000 metre underground and 2,500m surface Phase One exploration drill program at the Campo Morado Polymetallic VMS mine. Surface drillhole CM-RF-25-001 intercepts 15.1m of 11.9 AuEq** at the Reforma Deposit Underground drillhole CMUG-25-015 returns [...]
Luca Mining is pleased to report that Mr. Ramon Mendoza, currently Luca's interim Chief Operating Officer will assume the position of permanent COO effective as of June 01, 2025. Mr. Mendoza will also continue to be the Company's Chief Technical Officer. Mr. Mendoza has over 35 years of senior experience in the mining industry, with expertise in mine development, process optimization, and a highly successful track record [...]
Luca Mining is pleased to report an exceptional first quarter of 2025 with $4.5 million in net earnings, $7.6 million in EBITDA and $11.7 million in free cash flow before working capital items. All amounts are in U.S. dollars unless otherwise indicated. Highlights from the first quarter are as follows: In health and safety, the Company reported a TRIFR of 0.87, improvement over the prior year and achieved 1,000,000 hours [...]
Luca Mining is pleased to announce drill results from the next seven underground diamond drill holes of an ongoing 5,000 metre Phase One exploration drill program at the Campo Morado Polymetallic VMS mine. Drillhole CMUG-25-012 drilled 3.8m of 12.54 g/t AuEq** within a wider 15.8m of 4.87 g/t AuEq representing the discovery of a new ore zone within the G9 Deposit. 16 underground drillholes completed to date as part of a [...]
Luca Mining is pleased to announce analytical results from the next nine underground diamond drill holes of an ongoing 5,000 metre exploration drill program at the Tahuehueto gold-silver mine. New high-grade breccia ore shoot discovered within the El Creston vein system located approximately 60m below the active mine workings of Level 23; discovery drill hole returned 9.4m of 5.21 g/t AuEq** within a larger 13.9m zone of [...]
Luca Mining is pleased to announce that Luca investors, including certain insiders, have exercised an aggregate of 38.8 million share purchase warrants worth USD$14.0 million. The Company has substantially reduced its debt by USD $8.4 million since January 1, 2025, resulting in a current debt balance of USD $8.5 million. Luca's total cash and cash equivalents balance is currently US$20.6 million and growing, as strong [...]
Luca Mining reports that Mr. Armando Alexandri has stepped down from his role as Chief Operating Officer of the Company to pursue a new opportunity. He will remain a key technical consultant to the Company. Mr. Ramon Mendoza, Luca's Chief Technical Officer, has assumed the position of Interim COO effective, April 24, 2025. Mr. Mendoza has over 35 years of senior experience in the mining industry with expertise in mine [...]
Luca Mining is pleased to report results for the fourth quarter and year ended Dec 31, 2024. The Company achieved record annual production of 57,487 ounces gold equivalent leading to record-high mine operating cash flow before taxes of USD $22.3 million with net free cash flow before working capital at USD $6.6 million and an adjusted EBITDA of USD $14.1 million. These excellent results showcase the effectiveness of the [...]
Luca Mining is pleased to announce analytical results from six of the first seven underground diamond drill holes of an ongoing 5,000 metre phase 1 exploration drill program at the Camp Morado Polymetallic VMS mine in Guerrero State, Mexico and, in addition, having reached a milestone of over 1,000,000 hours worked without a Lost-Time Incident. First drilling at Campo Morado since 2014 delivers encouraging results [...]
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