LUCA MINING CORP. - LUCMF STOCK NEWS

Luca Mining Corp anticipates consolidated production of 60,000 to 70,000 gold equivalent ounces (AuEq) for 2024 from its Campo Morado and Tahueheuto mines. Expected revenue ranges between $90 million and $105 million. Total Cash Costs (TCC) are projected between $1,200 and $1,335 per AuEq ounce, while All-in Sustaining Costs (AISC) are forecasted between $1,320 and $1,500 per AuEq ounce.

Key 2024 milestones include throughput expansion at both mines, commercial production declaration at Tahuehueto, and starting major exploration programs. Q1 2024 saw 14.1K AuEq ounces produced, with Campo Morado and Tahuehueto operating at 55-60% and 35-40% capacity, respectively. The new mill at Tahuehueto is 97% complete with anticipated production boosts in Q3 2024. Campo Morado aims to reach 2,000 tpd in Q3, up from 1,390 tpd in Q1. Luca is focused on increasing cash flow by adding a copper concentrate at Campo Morado.

Overall, Luca remains committed to sustainable mining practices and aims to leverage high-grade gold discoveries and production growth for an appealing investment opportunity.

Luca Mining Corp. (LUCMF) announced robust financial results for Q1 2024, reporting a net income of C$7.3 million and net revenue of C$22.04 million, a 21% increase from Q4 2023.

The company produced 14,148 troy ounces of gold equivalent, including significant outputs of gold, silver, zinc, copper, and lead. Operating income reached C$4.8 million, with positive operating cash flow of C$4.04 million before working capital adjustments.

All-in sustaining costs (AISC) per gold equivalent ounce were US$1,549. Luca's two major projects, the Tahuehueto and Campo Morado mines, are progressing well, with production ramp-ups expected to decrease AISC and increase throughput. Both mines are expected to contribute positively to the company's growth and shareholder value.

The company is optimistic about maintaining this positive trajectory through the remainder of 2024, driven by rising metal prices and increased production at both mines.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) has announced the discovery of high-grade gold zones with significant mining widths at its Tahuehueto Gold Mine in Durango, Mexico. This update follows a review by the British Columbia Securities Commission. The discovery was made through mining activities and channel sampling at Underground Level 23 of the mine, revealing mineralization in breccia ore shoots up to 20 meters wide. Assays show a range of grades, with maximum gold content at 65.04 g/t. The mine development at Level 23 has been ongoing since early 2022 and includes access development, dewatering, and initial stope mining. The mineralization features both gold-silver and base metal sulphide breccias. Further exploration is planned to evaluate the extension of these zones. Luca Mining operates two mines in Mexico and expects positive cash flows by 2024.

Luca Mining has discovered new high-grade gold zones at the Tahuehueto Gold Mine in Durango, Mexico. These zones consist of breccia ore shoots up to 20 meters wide, with some assays showing more than 20 g/t gold. This discovery was made at Underground Level 23, where two mineralized splays intersect the Creston vein. The company aims to ramp up production to 1,000 tons per day (tpd) in the coming months. The block model from a pre-feasibility study shows the presence of significant mineralized widths, and recent drilling confirms this. The exploration area remains open at depth and along strike, offering further potential. Luca Mining operates two mines in Mexico and aims to generate positive cash flow in 2024.

Luca Mining Corp. reports successful metallurgical test work on copper-lead separation process at Campo Morado, aiming to produce three high-value concentrates: copper, zinc, and lead. The results show improved grades of gold and silver in the copper concentrate, with potential for increased recovery rates. The Company is on track to deliver results in the second half of 2024, following positive test outcomes.

Luca Mining Corp. reports strong Q4 2023 and annual financial results, with total production of 11,808 ounces of gold equivalent in Q4, significant contributions from Campo Morado and Tahuehueto, improved grades and recoveries, decreased costs, and positive outlook for 2024. Full-year 2023 production reached 55,719 ounces of gold equivalent, favorable operational metrics, and optimistic growth prospects for the company.