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Luca Mining

TSXV:LUCALive AI agent

Luca Mining Corp is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.

Investor website: https://lucamining.com/

About

Luca Mining Corp is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects. The Tahuehueto Gold Mine project in north-western Durango State, Mexico is set to declare commercial production in early 2025, while Campo Morado is an operating polymetallic base metal mine in Guerrero, Mexico, currently producing at an average of approximately 2,300 tpd and is estimated to be Mexico’s 6th largest zinc producer. The company is committed to operational excellence, environmental stewardship, and social responsibility.

Verified company data

Cash position
$36.4 million
Shares outstanding
253.7 million
Fully diluted shares
76,534,718
Mineral resource
The following mineral resources have been calculated using a cut-off of 5.5% Zinc Equivalent. These resource numbers are preliminary in nature. They include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. ### Measured & Indicated Resources | Classification | ZnEq% | Tonnes | Gold | Silver | Copper | Lead | Zinc | | --- | --- | --- | --- | --- | --- | --- | --- | | Total M&I | 8.68 | 16,627,000 | 1.70 g/t | 123 g/t | 0.80 % | 0.93 % | 4.01 % | | Measured | 9.27 | 9,292,000 | 1.7 g/t | 124 g/t | 0.82 % | 0.94 % | 4.56 % | | Indicated | 7.94% | 7,335,000 | 1.7 g/t | 123 g/t | 0.80 % | 0.92 % | 3.31 % | ### Inferred Resources | Classification | ZnEq% | Tonnes | Gold | Silver | Copper | Lead | Zinc | | --- | --- | --- | --- | --- | --- | --- | --- | | Inferred | 7.27 | 998,000 | 1.32 g/t | 116 g/t | 0.64 % | 0.92 % | 3.2 % |
Projects
["Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. Campo Morado is a fully operating asset that brings a consistent cash flow to the Company and provides exposure to base metal markets. Campo Morado is an underground multi-metal mine with infrastructure, installations and equipment capable of processing 2,500 tonnes of ore per day. There are over 700 exploration diamond drill holes in place which have outlined six mineralized bodies containing approximately 16.6 million tons of measured and indicated resources grading 4.01% zinc, 0.80% copper, 0.93% lead, 123 g/t Ag and 1.70 g/t Au plus, an additional 1 million tons of inferred mineral resources as calculated and released by Titley Consulting Ltd. in November 2017. The Campo Morado Mine was commissioned and commenced operations in 2009 by Farallon Resources. Nyrstar purchased Farallon Resources in a friendly takeover in 2010 for the equivalent of approximately C$420 million thereby gaining control of Campo Morado. Nyrstar produced up to the end of 2014 when mining operations were suspended in January 2015 and the mine was placed on care and maintenance due to deteriorating industry conditions. On April 27, 2017 Luca signed an agreement with Nyrstar to acquire 100% of the Campo Morado mine. On September 18, 2017, Luca announced that it had secured the funding required to initiate the restart of continuous mining operations at the Campo Morado Mine and on October 23, 2017 the Company announced the restart of full scale mining and mill processing on a pre-production basis from mine development at a starting rate of 1,400 tonnes per day. On May 23, 2017 the Company was pleased to announce the start of commercial production with the aim of increasing throughput at the mill to its 2,500 tonne per day capacity."]
Leadership
Peter Damouni (Chairman + Director), David Rhodes (Director), Phil Brumit Sr. (Director), Rory Godinho (Director), Ruben Alvidrez Ortega (Director), Dan Barnholden (CEO + Director), Karen Flores (Director)

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