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 [...]
Luca Mining is pleased to announce it has achieved commercial production at its Tahuehueto operation. Additionally, the Company is announcing its production guidance for 2025, outlining expectations for its Campo Morado and Tahuehueto operations. The Company also provides details on its consolidated forecasts, budgeted capital, and exploration expenditures. All figures are presented in U.S. dollars unless otherwise [...]
Luca Mining Corp. is pleased to announce that Mr. Adam Melnyk, P.Eng. CFA, has joined Luca as VP Corporate Development to oversee, manage and execute the Company's business development and business growth initiatives. Adam Melnyk is an experienced mining executive with demonstrated management, leadership, analytical and execution capabilities. Dan Barnholden, CEO, commented, "Adam brings over 20 years of mining sector [...]
Luca Mining Corp. is pleased to announce analytical results from the first four underground diamond drill holes of an ongoing 5,000 meter exploration drill program at the Tahuehueto gold-silver mine in Durango State, Mexico. Drillhole DDH24-213 targeted a previously untested zone, approximately 20m below the active mine workings of Level 23, and intersected a new high-grade brecciated zone within the El Creston vein [...]
Luca Mining is pleased to announce that it has been included in the 2025 TSX Venture 50TM list of top performing companies. TSX Venture 50TM is an annual ranking of the top performing companies over the last year on the TSX Venture Exchange. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. Dan [...]
Luca Mining Corp. is pleased to announce that programs underway to maximize operational efficiencies at both the Campo Morado zinc/copper/gold mine and the Tahuehueto gold/silver mine have yielded excellent results. Campo Morado The Company has achieved its targeted throughput rates at the Campo Morado zinc/copper/gold mine of 2,000 tonnes per day . This was a milestone set when Luca's newly contracted mining team [...]
