MarketMindset
17時間前
Posted on behalf of Luca Mining - Tahuehueto drilling confirmed the high-grade Creston breccia vein extends below Level 20: 12 of 14 holes hit the down-plunge extension, only two missed.
DDH26-246 cut 4.7 m of 6.73 g/t AuEq (3.35 g/t Au, 109.05 g/t Ag, 0.68% Cu, 0.20% Pb, 12.06% Zn), including 0.6 m of 14.80 g/t AuEq. DDH26-SU-14 returned 4.5 m of 4.21 g/t AuEq.
VP Exploration Paul D. Gray: "Management's interpretation that mineralization continued below Level 20 has now been confirmed, with results exceeding our expectations."
Zones sit near a mill averaging over 1,050 tpd through April and May. Follow-up program planned before year end. LUCA.v, LUCMF.
Full details here: https://www.newswire.ca/news-releases/luca-intersects-4-7-metres-of-6-7-g-t-gold-equivalent-at-tahuehueto-mine-a-new-high-grade-breccia-zone-discovery-861014144.html
MarketMindset
2日前
Posted on behalf of Luca Mining - Today's Tahuehueto results give the two-mine Mexican producer higher-grade feed right beside a mill already running: 47 metres of 6.7 g/t AuEq, with hole-by-hole gold, silver, copper, lead and zinc in the full release. LUCA.v, LUCMF.
The mine has been in commercial production since March 2025, averaging over 1,050 tpd through April and May (Jun 8, 2026 update). Recent near-mine intercepts exceed current mined grades, and Luca says portions of the newly identified zones can enter resource models and production within a year (May 5, 2026 NR).
This is part of the three-year, US$25M, 80,000-metre program across both mines, now past 40,260 m drilled, with 10,052 m done in Q1 2026 alone (May 26, 2026 Q1 results). Higher-grade tonnes through the same mill feed the company-stated 200,000 AuEq oz per year target.
https://www.newswire.ca/news-releases/luca-intersects-4-7-metres-of-6-7-g-t-gold-equivalent-at-tahuehueto-mine-a-new-high-grade-breccia-zone-discovery-861014144.html
theRupertPupkin
3日前
Posted on behalf of Luca Mining - Drill results get the attention, but the balance sheet is the quieter story at LUCA.v, LUCMF. Very few TSXV producers can buy back their own stock. Luca now can.
Per the May 26, 2026 results, Q1 revenue was $57.6M (up 40% YoY), net earnings $12.6M, adjusted EBITDA $25.4M and operating cash flow $21.6M. Cash rose 43% to $36.4M at March 31 from $25.5M at year-end 2025, even after $10.9M in sustaining and exploration capex. Debt sat near $1.4M, targeted for full repayment by mid-2026 (Apr 21, 2026 NR).
On May 14, 2026 Luca launched its first-ever NCIB to buy back up to 13,750,000 shares (about 5% outstanding), running May 21, 2026 to May 20, 2027 at market prices.
Two producing Mexican mines fund the US$25M three-year drill program, underground capex and the buyback, all without new equity.
Full details here: https://www.prnewswire.com/news-releases/luca-mining-corp-reports-strong-first-quarter-2026-results-302781476.html
StockInfo11
6日前
Posted on behalf of Luca Mining -
Campo Morado grabs the drill headlines, but Tahuehueto, Luca's underground gold-silver mine in Durango, Mexico, may be the more underappreciated piece. LUCA.v, LUCMF has identified more than 11 km of prospective vein structures along strike, versus roughly 4.5 km in the current resource model. This campaign is the first substantive drilling on the property in over 12 years.
Recent hits: DDH26-SU-07 cut 6.8 m of 5.54 g/t AuEq, including 1.0 m of 22.35 g/t AuEq (May 5, 2026 NR). These sit within development distance of existing workings, so success can convert to mill feed fast.
Full details here: https://www.prnewswire.com/news-releases/luca-intersects-6-8-metres-of-5-5-gt-gold-equivalent-at-tahuehueto-mine--further-expanding-high-grade-mineralization-proximal-to-existing-workings-302762324.html
theRupertPupkin
7日前
Posted on behalf of Luca Mining - The latest Campo Morado batch is the reason for this post: surface hole CMRY-26-10 cut 28.4 m of 2.28 g/t Au, 134.89 g/t Ag, 0.57% Cu, 0.95% Pb and 3.69% Zn from 104.2 m, expanding the unmined El Rey zone at LUCA.v, LUCMF's Guerrero VMS mine.
In the unmined Naranjo zone, underground hole CMUG-26-44 returned 19.6 m of 2.78 g/t Au, 103.12 g/t Ag, 0.52% Cu, 0.67% Pb and 2.75% Zn, and CMUG-26-42 cut 20.6 m of 3.05 g/t Au, 50.69 g/t Ag, 0.65% Cu, 0.43% Pb and 1.57% Zn. Naranjo runs over 540 m long and up to 210 m wide (Jun 23, 2026 NR).
This is a two-mine Mexican producer selling into gold above $4,100 and silver over $60. Campo Morado runs around 1,900 tpd; Tahuehueto, in commercial production since March 2025, runs above 1,050 tpd. The drilling is squarely near-mine, feeding a company-stated medium-term target of 200,000 AuEq oz a year, anchored by a US$25M, three-year, 80,000 m program (November 2025 release).
Full details here: https://lucamining.com/2026/06/luca-intersects-28-4-metres-of-2-3-g-t-gold-135-g-t-silver-0-6-copper-1-lead-and-3-7-zinc-at-the-el-rey-zone-campo-morado-mine/
CommodityCoverage
1週前
Posted on behalf of Luca Mining - Most juniors are still drilling a story into this metals tape. Luca (LUCA.v, LUCMF) is already pulling gold, silver, copper, zinc and lead from two producing Mexican mines and selling the whole basket into strength: gold near $4,000/oz, silver just under $60, copper firm above $6/lb.
Campo Morado is a polymetallic VMS mine in Guerrero (around 1,900 tpd). Tahuehueto is an epithermal gold-silver mine in Durango (over 1,050 tpd), in commercial production since March 2025.
The cash backs it up: 2025 revenue of $176.8M, more than double the prior year, and $36.4M in cash at the end of Q1 2026 (April 21 NR).
With three rigs at Campo Morado expanding El Rey and Naranjo beside the mill, and management targeting 200,000 gold-equivalent ounces a year over the medium term, there's steady newsflow ahead.
Full details here: https://lucamining.com/2026/06/luca-intersects-28-4-metres-of-2-3-g-t-gold-135-g-t-silver-0-6-copper-1-lead-and-3-7-zinc-at-the-el-rey-zone-campo-morado-mine/
theRupertPupkin
1週前
Posted on behalf of Luca Mining - The June 23 Campo Morado results out of Guerrero, Mexico got read mostly as El Rey news, but the zone worth a closer look is Naranjo: an unmined deposit Luca keeps drilling right next to a mill it already runs (LUCA.v, LUCMF). Two producing mines in Mexico mean this is exploration adding ounces beside existing infrastructure, not a greenfield bet.
Naranjo runs over 540 m long, up to 210 m wide, averaging about 60 m. Recent unmined hits there:
- CMUG-26-44: 19.6 m of 2.78 g/t Au, 103.12 g/t Ag, 0.52% Cu, 0.67% Pb, 2.75% Zn from 40.5 m
- CMUG-26-42: 20.6 m of 3.05 g/t Au, 50.69 g/t Ag, 0.65% Cu, 0.43% Pb, 1.57% Zn from 41.5 m
El Rey kept expanding too, with surface hole CMRY-26-10 cutting 28.4 m of 2.28 g/t Au, 134.89 g/t Ag, 0.57% Cu, 0.95% Pb, 3.69% Zn from 104.2 m.
With gold near $4,000 and silver near $59, those precious-metal credits carry real weight in a base-metals system. To date: 52 underground holes (12,035 m) plus 68 surface holes (16,535 m), three rigs running, with focus on Estrella de Oro and Naranjo and underground targeting A9, Muneco, Bajo and Fish for the 2026-2028 mine plans. The question is less discovery risk than how fast these zones feed a mine Luca already operates, with more batched assays still due.
Full details here: https://lucamining.com/2026/06/luca-intersects-28-4-metres-of-2-3-g-t-gold-135-g-t-silver-0-6-copper-1-lead-and-3-7-zinc-at-the-el-rey-zone-campo-morado-mine/
theRupertPupkin
2週前
Posted on behalf of Luca Mining - The headline from this week's Campo Morado results was a thick El Rey intercept, but the more telling read for a producer is what sits behind it: three rigs turning, nearly 29,000 metres drilled, and a queue of unmined zones still to report (LUCA.v, LUCMF).
Two producing mines in Mexico, with drilling aimed at adding ounces next to infrastructure Luca already operates. Gold near $4,100 and silver around $60 give the precious-metal credits in this polymetallic system real weight.
The June 23 hits:
- El Rey surface CMRY-26-10: 28.4 m of 2.28 g/t gold, 134.89 g/t silver, 0.57% copper, 0.95% lead, 3.69% zinc from 104.2 m.
- Naranjo underground CMUG-26-44: 19.6 m of 2.78 g/t gold, 103.12 g/t silver, 0.52% copper, 0.67% lead, 2.75% zinc.
- Naranjo underground CMUG-26-42: 20.6 m of 3.05 g/t gold, 50.69 g/t silver, 0.65% copper, 0.43% lead, 1.57% zinc.
The program: two surface rigs plus one underground, 16,535 m across 68 surface holes and 12,035 m across 52 underground holes. Campo Morado also holds a proprietary database of 600,000-plus historical metres now being reinterpreted to prioritize 38-plus targets.
El Rey and Naranjo are both unmined, both close to existing workings, and both being evaluated for the long-term Campo Morado plan. With more assays in the pipeline, there's room to keep converting newsflow into mineable ounces beside a mine that's already producing.
Full details here: https://lucamining.com/2026/06/luca-intersects-28-4-metres-of-2-3-g-t-gold-135-g-t-silver-0-6-copper-1-lead-and-3-7-zinc-at-the-el-rey-zone-campo-morado-mine/
theRupertPupkin
2週前
Posted on behalf of Luca Mining - The June 23, 2026 drill results from the Campo Morado VMS mine in Guerrero, Mexico pull high-grade gold and silver from zones that have never been mined. Since this is a producing operation, these are ounces sitting next to existing infrastructure. With gold near $4,000 and silver near $58, the precious-metals credits in this base-metals system carry weight (LUCA.v, LUCMF).
The headline is surface hole CMRY-26-10 at the unmined El Rey zone: 28.4 m of 2.28 g/t Au, 134.89 g/t Ag, 0.57% Cu, 0.95% Pb and 3.69% Zn from 104.2 m. The hit expanded the mineralized footprint and feeds the case to fold El Rey into the long-term mine plan.
The unmined Naranjo zone delivered thick intercepts too. Underground hole CMUG-26-44 cut 19.6 m of 2.78 g/t Au, 103.12 g/t Ag, 0.52% Cu, 0.67% Pb and 2.75% Zn from 40.5 m. CMUG-26-42 cut 20.6 m of 3.05 g/t Au, 50.69 g/t Ag, 0.65% Cu, 0.43% Pb and 1.57% Zn from 41.5 m. Naranjo runs over 540 m long, up to 210 m wide, averaging roughly 60 m.
VP Exploration Paul D. Gray pointed to "the untapped potential of two of several unmined areas on the Campo Morado Property, El Rey and Naranjo." These sit close to current development headings and tie back to Luca's medium-term target of 200,000 gold-equivalent ounces a year, with rigs still turning across multiple zones.
Full details here: https://lucamining.com/2026/06/luca-intersects-28-4-metres-of-2-3-g-t-gold-135-g-t-silver-0-6-copper-1-lead-and-3-7-zinc-at-the-el-rey-zone-campo-morado-mine/
MarketMindset
2週前
Posted on behalf of Luca Mining Corp. - (TSXV: LUCA | OTCQX: LUCMF | FSE: Z68) has provided an operations and corporate update highlighting continued optimization at its Campo Morado and Tahuehueto mines — supported by strong Q1 financial performance and strengthened operational leadership.
Operational Momentum
Under new COO Nick Shakesby, appointed in April, Luca has accelerated initiatives aimed at improving mill performance, throughput, and mining efficiency at both operations.
Campo Morado
• Surface stockpile increased to ~63,000 tonnes (vs. <12,000 tonnes at Dec 31, 2025)
• Average mill throughput of ~1,900 tpd in April–May
• Improved mine planning and contractor performance (Cominvi)
The expanded stockpile enhances feed blending flexibility, which is expected to improve metallurgical recoveries and support further optimization programs.
Tahuehueto
• Milling rates averaging >1,050 tpd in April–May
• >5% increase over Q1 2026
• Improved mining rates driven by contractor La Cantera
• Increased mill availability and operational consistency
Management noted that the recent operational adjustments are designed to derisk performance and unlock additional efficiency gains at both sites.
https://ceo.ca/@newswire/luca-provides-operations-and-corporate-update
MarketMindset
3週前
Posted on behalf of Luca Mining Corp. - Luca continues to show what an operational turnaround looks like in practice.
Q1 2026:
• Revenue +40% to $57.6M
• EBITDA +160% to $19.7M
• Adj. EBITDA +99% to $25.4M
• Operating cash flow: $21.6M
• Cash increased 43% to $36.4M
Operationally, both mines are trending higher:
• Campo Morado stockpiles grew from 1,050 tpd, above Q1 levels
What stands out is that Luca generated enough cash flow to fund $10.9M of sustaining and exploration capex while still growing its treasury.
With higher stockpiles, improving throughput, and a strengthened balance sheet, the company appears focused on turning operational consistency into long-term cash flow growth.
StockInfo11
3週前
Posted on behalf of Luca Mining - The most overlooked piece of the Luca Mining (TSXV: LUCA, OTCQX: LUCMF) story right now isn't the record cash flow or the high-grade drill hits. It's what the company is re-engineering at its flagship Campo Morado mine. There's a study underway designed to pull more gold and silver out of an orebody Luca is already mining.
The flagship catalyst: Campo Morado Expansion (CME)
Back in February, Luca's board approved a mill optimization and expansion study plus a mine plan update, with Ausenco, a global leader in metallurgical design, flotation and precious metals recovery, selected as the technical third-party engineer to lead a two-phase optimization and expansion project (see Feb 18, 2026 NR).
Phase 1 is a bulk sulphide flotation flowsheet with added ultra-fine grinding capacity to achieve a target grind size of 8 to 10 microns, down from current operational levels around 15 microns, to sharpen separation and produce cleaner copper and zinc concentrates.
Phase 2 evaluates a tailings product of pyrite-associated gold and silver for further processing, going after precious metals that currently aren't fully captured.
Why it matters:
Campo Morado is a VMS mine, and the gold and silver locked in pyrite has historically been the hardest value to recover. Phase 2 targets exactly that.
The life-of-mine plan will evaluate the currently unmined high-grade Reforma and El Rey deposits.
A Mineral Reserve statement will be delivered in the NI 43-101 technical report, expected in the second half of 2026.
Given existing grid power and transformer capacity, the company does not expect power costs to be a primary sensitivity under the Phase 1 flowsheet.
The backdrop:
Gold is trading around $4,350 an ounce, still roughly 29% higher than a year ago.
Luca isn't waiting on the tape. Two producing mines, Campo Morado in Guerrero and Tahuehueto in Durango, already generate the cash to fund this work, with the company pointing to a medium-term target of 200,000 AuEq oz/yr.
For a mine that already produces gold and silver as byproduct credits, a study built to recover more of both, layered on top of a fresh reserve and the Reforma and El Rey ounces, sets up H2 2026 as the moment the market gets to re-underwrite what Campo Morado is really worth.
Full details here: https://lucamining.com/2026/02/luca-advances-study-to-optimize-campo-morado-and-increase-gold-and-silver-production/
MarketMindset
3週前
Posted on behalf of Luca Mining Corp. - LUCA Mining: Q1 Revenue +40%, EBITDA +160%, Stockpiles Surging at Two Operating Mines (TSXV: LUCA | OTCQX: LUCMF | FSE: Z68) has provided an operations and corporate update highlighting continued optimization at its Campo Morado and Tahuehueto mines, supported by strong Q1 financial performance and strengthened operational leadership.
Operational Momentum
Under new COO Nick Shakesby, appointed in April, Luca has accelerated initiatives aimed at improving mill performance, throughput, and mining efficiency at both operations.
Campo Morado
• Surface stockpile increased to ~63,000 tonnes (vs. 1,050 tpd in April–May
• >5% increase over Q1 2026
• Improved mining rates driven by contractor La Cantera
• Increased mill availability and operational consistency
Management noted that the recent operational adjustments are designed to derisk performance and unlock additional efficiency gains at both sites.
Q1 2026 Financial Highlights
• Cash increased 43% to $36.4M
• Revenue up 40% to $57.6M
• EBITDA up 160% to $19.7M
• Adjusted EBITDA up 99% to $25.4M
• Net earnings of $12.6M (vs. $4.5M in Q1 2025)
• Operating cash flow of $21.6M
• $12.9M in free cash flow before working capital
Importantly, operating cash flow fully funded $10.9M in sustaining and exploration capex while increasing the company’s cash balance — demonstrating strong underlying cash generation.
Luca also confirmed executive changes, with departures of Ramón Mendoza (CTO) and Dr. Jose Hernandez (VP Metallurgy). The company thanked both for their contributions.
With improved stockpiles, higher throughput, expanding margins, and strengthened leadership, Luca is focused on optimizing production reliability and positioning both mines for sustained operational and financial performance.
https://ceo.ca/@newswire/luca-provides-operations-and-corporate-update
theRupertPupkin
4週前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
After recently releasing promising Q1 results, Luca Mining is moving rapidly into its next phase of organic growth. The company finished the first quarter in its strongest financial position to date, growing its cash treasury to US$36.4 million while remaining completely on track to eliminate its remaining debt by mid-2026.
Looking ahead, Luca is focused on executing a near-term valuation re-ranking by doubling production across its core Mexican assets. This growth will be driven by the continued operational ramp-up of the newly constructed Tahuehueto gold mine alongside a fully funded, US$25 million multi-year exploration program.
At the same time, the company is optimizing its Campo Morado operation to transition it into a higher-margin precious metals platform, supported by an updated NI 43-101 technical report expected in the second half of 2026.
See their full presentation here: https://lucamining.com/presentation/
theRupertPupkin
4週前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
Luca Mining Corp. recently reported promising Q1 financial results alongside an operational update showcasing significant throughput and efficiency milestones at its Mexican operations.
Looking ahead, the company will focus on executing near-term optimization initiatives to steadily increase metallurgical recoveries at Campo Morado while sustaining production rates above 1,050 tonnes per day at Tahuehueto.
Luca Mining's projects consist of two 100%-owned, producing operations in Mexico, featuring the flagship, high-grade Tahuehueto gold-silver mine in Durango and the polymetallic Campo Morado copper-zinc-lead mine in Guerrero.
View their investor presentation: https://lucamining.com/
theRupertPupkin
4週前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
Under the direction of newly appointed COO Nick Shakesby, Luca Mining Corp. is rapidly advancing technical initiatives to enhance mill performance and mine planning across its Campo Morado and Tahuehueto operations.
At Campo Morado, the team has successfully built a substantial surface stockpile that now provides the crucial flexibility to carefully blend mill feed. This strategic shift is designed to improve overall metallurgical recovery performance and support future optimization programs, all while maintaining a strong throughput of 1,900 tonnes per day.
Concurrently, operations at Tahuehueto are benefiting from increased mill availability and optimized mining rates. By partnering closely with contractor La Cantera, the site has achieved highly consistent production, successfully pushing average milling rates past 1,050 tonnes per day.
See the full update here: https://www.prnewswire.com/news-releases/luca-provides-operations-and-corporate-update-302793467.html
theRupertPupkin
1月前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
This morning, Luca Mining released an operational update highlighting significant efficiency improvements across its mining and milling operations at both the Campo Morado and Tahuehueto mines.
Driven by recently expanded operational leadership, the company is successfully optimizing throughput and mine planning.
Key operational updates from the announcement include:
- Massive Stockpile Build at Campo Morado: Strong performance from mining contractor Cominvi has built a surface ore stockpile of approximately 63,000 tonnes as of May 31, 2026—a five-fold increase from the 12,000 tonnes reported at the end of 2025.
- Consistent Milling Throughput: Plant throughput at Campo Morado remained strong through April and May, averaging roughly 1,900 tonnes per day. The newly built stockpile will allow the team to blend mill feed to enhance metallurgical recoveries.
- Rising Production Rates at Tahuehueto: Driven by contractor La Cantera and improved mill availability, milling rates at Tahuehueto increased to over 1,050 tpd through April and May, marking a greater than 5% increase over Q1 2026.
Looking ahead, CEO Dan Barnholden noted that under the direction of new COO Nick Shakesby, the company has rapidly de-risked and optimized both assets. The management team looks forward to maintaining this strong operational momentum to fully unlock the true value and capacity of both Mexican mines.
See the full NR here: https://www.prnewswire.com/news-releases/luca-provides-operations-and-corporate-update-302793467.html
theRupertPupkin
1月前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
Luca Mining recently updated its corporate presentation, outlining important milestones and a clear strategic vision as an emerging premier producer.
Key takeaways from the updated roadmap include:
- Near-Term Re-Rating: Backed by a clean balance sheet with zero debt targeted by mid-2026, the company is driving toward a valuation re-rating fueled by the successful optimization of Campo Morado and the production ramp-up at Tahuehueto.
- De-Risked Growth Without Dilution: Luca’s fully permitted, cash-generating operations remove the need for dilutive equity financing, allowing the company to internally fund near-term optimization initiatives.
- Targeting Mid-Tier Status: The technical team is aiming to double production in the near term while evaluating opportunities to materially increase gold and silver revenues.
Looking ahead, Luca is focused on executing exciting brownfield and greenfield exploration programs alongside accretive M&A opportunities to achieve its long-term target of 200,000+ ounces of gold equivalent production.
See the full presentation here: https://lucamining.com/presentation/
theRupertPupkin
1月前
Posted on behalf of Luca Mining Corp. — LUCA.v; LUCMF
Luca Mining Corp. recently released their financial and operational results for the first quarter ended March 31, 2026, delivering significant growth driven by strong operating leverage and high metal prices.
Financial and operational highlights from the quarter include:
- Revenue grew 40% to $57.6 million, causing net earnings to surge to $12.6 million compared to $4.5 million in Q1 2025.
- Adjusted EBITDA increased 99% to $25.4 million, while mine operating earnings rose 67% to $22.3 million.
- Operating cash flow reached $21.6 million, which fully funded $10.9 million in sustaining and exploration capital expenditures.
- The company's total cash balance increased by 43% during the three-month period to end at $36.4 million.
Moving forward, the company is using its strong cash flow to fund underground development and infrastructure upgrades to maximize future production flexibility.
See the full report here: https://lucamining.com/2026/05/luca-mining-corp-reports-strong-first-quarter-2026-results/
MarketMindset
1月前
Posted on behalf of Luca Mining Corp. - Luca Mining: $36.4M Cash, $25.4M EBITDA (+99%) & Self-Funded Exploration – 4Moz Gold Equivalent Portfolio Poised for 100k+ Oz Growth
(TSXV: LUCA | OTCQX: LUCMF) delivered a decisive Q1 2026, reinforcing its transition into a self-funding growth platform.
Financial Performance
• Revenue: $57.6M (+40% YoY)
• Net earnings: $1capex(vs. $4.5M Q1/25)
• Adjusted EBITDA: $25.4M (+99%)
• Operating cash flow: $21.6M
• Cash: $36.4M (+43% QoQ)
Importantly, Luca self-funded ~$10.9M in sustaining and exploration capex while still increasing cash by ~$10.8M — demonstrating expanding margin leverage and disciplined capital allocation.
Free cash flow (pre–working capital) reached $12.9M as underground development, infrastructure upgrades, and optimization programs advanced at both Campo Morado and Tahuehueto.
Operationally:
• Campo Morado produced 37.3M ZnEq lbs (+17%) while executing $5.5M in strategic sustaining investment to strengthen sequencing and recoveries
• Tahuehueto advanced toward steady-state throughput, initiated copper concentrate production, and continues unlocking higher-grade zones
With strengthening liquidity, technical leadership additions, and elevated development spend already funded internally, Luca enters the balance of 2026 positioned for improved production stability and sustained free cash flow growth.
https://lucamining.com/
MarketMindset
1月前
Posted on behalf of Luca Mining Corp. -
Luca Mining, Debt-Free Turnaround with 4Moz Gold Inventory & $25M Exploration Program: Poised for 100k–200k Oz Producer Status
Javier Reyes, Head of Luca Mining | Rule Symposium 2026
At the 2026 Rule Symposium, Rick Rule interviewed Javier Reyes, CEO of Luca Mining Corp. (TSXV: LUCA | OTCQX: LUCMF), highlighting a turnaround strategy built on operational execution, disciplined capital allocation, and deep in-country expertise.
https://www.reddit.com/r/Penny_Stocks_Canada/comments/1tua33g/luca_mining_debtfree_turnaround_with_4moz_gold/
StockInfo11
1月前
Posted on behalf of Luca Mining Corp. - Today, Luca Mining Corp. (LUCA.v LUCMF) reported strong Q1 2026 financial and operational results as revenue climbed 40% to $57.6M, net earnings reached $12.6M, and adjusted EBITDA rose to $25.4M. The company generated $21.6M in operating cash flow, increased its cash balance 43% to $36.4M, and funded $10.9M in sustaining and exploration capital expenditures across its Campo Morado and Tahuehueto operations. Luca also advanced underground development, infrastructure upgrades, flotation improvements, and drilling programs, while Tahuehueto achieved an operational milestone with the commencement of copper concentrate production. More than 40,260 metres have now been drilled under the company’s ongoing 80,000-metre exploration program as Luca continues positioning both operations for improved long-term production consistency and future free cash flow generation.
Full news release here: https://lucamining.com/news/luca-mining-corp-reports-strong-first-quarter-2026-results/
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF
In a recent investor presentation, Luca Mining CEO Dan Barnholden detailed the company's aggressive growth strategy to reach 200,000 ounces of gold equivalent production.
To achieve this milestone, management is advancing three major catalysts:
First, unlocking massive precious metal value at the Campo Morado mine by transitioning to higher-grade deposits and implementing metallurgical upgrades.
Second, an upcoming step-down in their Tahuehueto silver stream obligation that is projected to add $20 million in incremental free cash flow by 2028.
Finally, the company is actively evaluating M&A opportunities to acquire and turn around additional underperforming assets in Mexico.
View the full video here:
StockInfo11
2月前
Posted on behalf of Luca Mining Corp. - Click the OP to watch the full video @LucaMining @VSACapital @DoubleOD2 https://t.co/y0gdcF7xFZ pic.twitter.com/q38eoieWCf— VSA Capital (@VSACapital) May 11, 2026
After releasing robust Q1 2026 gold, copper, zinc, silver and lead production results, Luca Mining (LUCA.v LUCMF) shared positive exploration drilling results from its Tahuehueto gold-silver mine in Durango, Mexico.
Hole DDH26-SU-07 returned 6.8m grading 5.54g/t AuEq, consisting of 4.08g/t Au, 58.79g/t Ag, 0.71% Cu, 0.74% Pb and 1.19% Zn. Within that interval, the Company reported 1.0m of 22.35g/t AuEq, including 20.20g/t Au, 72.70g/t Ag, 1.13% Cu, 0.78% Pb and 2.65% Zn.
The program continues to expand high-grade mineralization near existing underground infrastructure while supporting future mine planning and resource growth. Luca plans to invest an additional $2.4 million into exploration activities at Tahuehueto through the remainder of 2026.
Full details here: https://lucamining.com/2026/05/luca-intersects-6-8-metres-of-5-5-g-t-gold-equivalent-at-tahuehueto-mine-further-expanding-high-grade-mineralization-proximal-to-existing-workings/
MarketMindset
2月前
Posted on behalf of Luca Mining Corp. -From Turnaround to Shareholder Returns: Luca Mining (TSXV: LUCA) Launches 5% NCIB with $36M Cash & Debt-Free Path
(TSXV: LUCA | OTCQX: LUCMF) is entering a new capital allocation phase — pairing balance sheet strength with direct shareholder returns.
NCIB Launched
Luca has announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 13,750,000 common shares, representing approximately 5% of shares outstanding.
The bid is expected to run from May 21, 2026 to May 20, 2027, unless completed earlier.
Management and the Board have stated clearly: the current share price does not reflect the company’s underlying value — particularly considering:
• Strong and growing free cash flow
• Self-funded expansion capability
• The replacement value of two producing Mexican mines
Balance Sheet Transformation
The financial turnaround has been material.
• Cash grew from ~$1M (end of 2023) to $25.5M (FY2025)
• Debt reduced from ~$30M to $1.4M
• By Q1 2026, cash increased further to $36.5M
• Luca is on track to be debt free this quarter
Management has emphasized cash growth and disciplined capital management — without returning to equity markets.
Exploration Through 2027
A $25M multi-year exploration program is underway with six drills turning at Tahuehueto and Campo Morado. The focus: extend mine life, grow resources, and target higher-grade zones to support margin expansion.
Cost & Margin Strategy
• Tahuehueto: Record throughput and improving grade consistency targeting lower unit costs
• Campo Morado: Metallurgical recovery optimization under strengthened technical leadership
Strategic Shift
With debt nearly eliminated, a declining silver stream burden, rising commodity prices, and steady exploration catalysts ahead, Luca is transitioning from balance sheet repair to growth — and now adding share buybacks as a signal of confidence.
Debt reduction. Cash growth. Drill-driven expansion. Capital returns.
Luca is positioning itself as a self-funded growth story with increasing leverage to metals prices and operational upside.
https://www.newswire.ca/news-releases/luca-announces-intention-to-launch-normal-course-issuer-bid-862287128.html
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF
Luca Mining Corp. has announced its intention to launch a Normal Course Issuer Bid (NCIB), a strategic share buyback program designed to return value to its shareholders.
The company intends to repurchase up to 13,750,000 common shares, representing approximately 5% of its currently issued and outstanding stock.
The NCIB is expected to commence on May 21, 2026, and will terminate on May 20, 2027, or on an earlier date in the event that the maximum number of Common Shares sought under the NCIB have been repurchased.
Management and the Board of Directors firmly believe that the current share price does not adequately reflect Luca's underlying value—particularly when factoring in the strong free cash flow generation, the ability to self-fund expansion, and the replacement value of its two producing Mexican mines.
View the full NR here: https://lucamining.com/2026/05/luca-announces-intention-to-launch-normal-course-issuer-bid/
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF
"This latest round of surface drilling further confirms that high-grade breccia zones within the Creston Vein system remain unmined below current workings, and are expected to be included into near- and medium-term mine plans at Tahuehueto," stated Paul D. Gray, VP Exploration for Luca Mining.
The company also outlined that these newly identified, high-grade breccia zones sit within easy development distance of existing infrastructure, while simultaneous underground drilling successfully intersected the long-dormant El Rey vein.
To rapidly follow up on these dual successes, Luca has increased its 2026 exploration budget by $2.4 million and now has three drill rigs actively turning on site.
View the full NR here: https://lucamining.com/2026/05/luca-intersects-6-8-metres-of-5-5-g-t-gold-equivalent-at-tahuehueto-mine-further-expanding-high-grade-mineralization-proximal-to-existing-workings/
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF
In a recent interview, Luca Mining CEO Dan Barnholden explained how the company is rapidly executing a turnaround strategy at its two operating mines in Mexico, focusing on optimization, exploration, and expansion.
In the interview, Barnholden highlighted several major catalysts driving the company forward, including:
Debt Free Production: The company is generating strong free cash flow, adding $20 million to its balance sheet over the last two quarters. After aggressively paying down legacy liabilities, Luca expects to be completely debt-free by the end of July.
Mill Optimization: Throughput at the Tahuehueto mine recently hit a record 1,350 tonnes per day. Meanwhile, at Campo Morado, the team is advancing plans for an ultrafine grind circuit designed to substantially increase precious metal recoveries.
Aggressive Exploration: Backed by a newly approved $25 million exploration budget, Luca currently has six drills turning across both properties. This ensures a steady stream of news flow for investors as the company targets major resource expansion.
Watch the full interview here:
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF
Last week, Luca Mining reported encouraging new assay results from its 2026 drilling program at the Tahuehueto mine in Mexico.
The latest drilling intersected high-grade gold mineralization in newly identified breccia zones located just below current mine workings, strongly supporting near-term resource expansion.
Standout intercepts included 6.8 metres grading 5.54 g/t AuEq. Because these intercepts occur within development distance of existing underground infrastructure, Luca expects to readily include these new zones in near-term mine plans.
Looking ahead, Luca's 2026 exploration program is designed to aggressively expand the vertical and lateral extent of this mineralization.
With over 11 kilometres of prospective vein structures identified along strike and at least 14 additional prospective veins documented, investors can look forward to significant exploration upside as the drill rigs continue turning.
View the full NR here: https://lucamining.com/2026/05/luca-intersects-6-8-metres-of-5-5-g-t-gold-equivalent-at-tahuehueto-mine-further-expanding-high-grade-mineralization-proximal-to-existing-workings/
StockInfo11
2月前
Posted on behalf of Luca Mining Corp. - Luca Mining (LUCA.v LUCMF), a producer of gold, copper, zinc, silver and lead, reported new 2026 drill results from its Tahuehueto mine in Durango, Mexico, highlighting continued expansion of high-grade breccia-hosted mineralization near existing workings. Year to date, Luca has completed 40 underground holes (8,268m) and 25 surface holes (4,599m) and plans to invest an additional $2.4 million in 2026 at Tahuehueto, which hosts approximately 11km of known vein strike with just 4.5km currently incorporated into the mineral resource model. Full news here: https://lucamining.com/2026/05/luca-intersects-6-8-metres-of-5-5-g-t-gold-equivalent-at-tahuehueto-mine-further-expanding-high-grade-mineralization-proximal-to-existing-workings/
MarketMindset
2月前
Posted on behalf of Luca Mining Corp. - Luca Mining Accelerates Gold Exploration with 6 Rigs and US$25M Three-Year Plan – Debt Nearly Eliminated, Cash Flow Funding Resource Growth
(TSX-V: LUCA) CEO Dan Barnholden joined VSA Capital’s Ollie O’Donnell to discuss FY25 results, Q1 2026 production, and the roadmap through 2027.
Setting the Stage
Luca marks one year as a multi-mine operator, with FY25 and Q1/26 results underscoring a material financial turnaround
FY25 Transformation vs FY23
• Q4 generated >US$20M in free cash flow
• FY25 year-end cash: ~US$25.5M
• Q1 2026 cash: ~US$36.5M
• Debt reduced from ~US$30M (FY23) to ~US$1.4M, with full repayment expected this quarter
A near mirror-image balance sheet shift in two years.
Exploration Through 2027
• US$7.5M drill budget in 2026
• Three-year, US$25M exploration plan
• Six rigs turning across both assets
• Silver stream expected to materially reduce by late 2027/early 2028, unlocking incremental cash flow
Debt-Free & Cash Accretive
Management emphasizes cash growth as the core performance metric — with no equity raise on the horizon
Share Price vs Commodity Leverage
Despite zinc, copper, gold, and silver strength, management believes LUCA’s operational cash generation is not yet reflected in the share price
Accounting Loss vs Operational Profitability
The reported net loss was largely driven by accounting treatment of the silver stream. Operationally, Tahuehueto remains cash generative, with ~700,000 oz remaining on the stream
Shareholder Value Actions
A structured silver call strategy in Q1 crystallized >US$3M in gains, directly enhancing the cash balance
Cost Optimization:
Tahuehueto
• New COO appointed
• Throughput record: 1,350 tpd (nameplate 1,200 tpd)
• Improving grade consistency (~4 g/t AuEq)
• Near-mine higher-grade intercepts identified
Cost Optimization: Campo Morado
• Metallurgical recovery improvements underway
• New PhD metallurgist hired
• Expansion study targeting improved gold and silver recovery in H2 2026
Exploration Acceleration
Six drills turning across both mines aim to extend mine life, grow resources, and potentially improve grade profiles
Newsflow Through 2027
2026 focus:
• Aggressive exploration
• Campo Morado expansion initiatives
• Ongoing cash growth
• Active M&A targeting a potential third asset
FY25 repositioned Luca from leveraged developer to cash-generating multi-asset producer. With debt nearly eliminated, exploration fully funded, cost optimization underway, and silver stream relief approaching by 2027, management is focused on compounding cash flow and expanding the platform.
MarketMindset
2月前
Posted on behalf of Luca Mining Corp. -Luca Mining Strikes Gold: 118m @ 2.53 g/t Au & 100m+ High-Grade Hits Expand Near-Mine at Campo Morado
LUCA has intersected broad, high-grade polymetallic mineralization in the unmined Largo Norte zone at its Campo Morado VMS mine in Guerrero, Mexico — immediately adjacent to active underground workings.
Headline Intercepts – Largo Norte
• CMUG-26-38: 118.2m @ 2.53 g/t Au, 77.89 g/t Ag, 0.76% Cu, 0.57% Pb, 1.99% Zn
Incl. 20.8m @ 4.02 g/t Au, 180.72 g/t Ag, 2.02% Pb, 3.90% Zn
• CMUG-26-39: 100.7m @ 2.80 g/t Au, 90.72 g/t Ag, 0.59% Cu, 0.71% Pb, 2.59% Zn
Incl. 35.1m @ 3.99 g/t Au, 131.32 g/t Ag
• CMUG-26-37: 77.1m @ 2.31 g/t Au, 47.05 g/t Ag, 0.77% Cu
• CMUG-26-41: 71.0m @ 1.57 g/t Au, 20.12 g/t Ag, 0.72% Cu
Entire intercept lies outside the current Largo Norte resource, expanding mineralization ~20m beyond prior limits
The Largo Norte Zone is a ~650m-long, shallow south-dipping VMS body ranging 20–60m in thickness. This season’s six underground holes have materially increased confidence and extended mineralization in this under-drilled area.
Why It Matters
• Broad widths with strong gold-silver enrichment
• Mineralization proximal to existing underground infrastructure
• Direct potential to add mineable tonnes to the 2026–2028 mine plan
This marks the first meaningful exploration campaign at Campo Morado since 2014. To date:
• 47 underground holes (10,880m) completed
• 44 surface holes (11,570m) at Reforma, El Rey and other targets
• 38+ exploration targets identified across the concession
Drilling continues with two surface rigs and one underground rig targeting Largo, Largo Norte, Naranjo, Fish, Reforma and El Rey — all contributing to near- and medium-term production planning.
Luca is demonstrating the ability to grow high-grade resources from within existing workings at Campo Morado. Broad, gold-rich VMS intercepts at Largo Norte provide a clear pathway to expand mineable inventory while leveraging established infrastructure — a high-impact combination for near-term value creation.
https://www.prnewswire.com/news-releases/luca-intersects-118-metres-of-2-5-gt-gold-78-0-gt-silver-0-8-copper-0-6-pb-and-2-0-zinc-at-largo-norte-zone-campo-morado-mine-302755167.html
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF In a new interview with VSA Capital, Luca Mining CEO Dan Barnholden broke down the company's FY25 results, strong Q1 2026 production numbers, and the strategic roadmap heading into 2027.
Barnholden detailed aggressive cost-reduction strategies currently being implemented at both the Tahuehueto and Campo Morado mines.
By optimizing these assets and driving profitability, management has set a clear, near-term goal to become completely debt-free while rapidly growing their cash balance.
This update comes right after the company's promising drill results at Campo Morado, where they recently intersected 118 metres of 2.53 g/t gold and 78.0 g/t silver at the unmined Largo Norte zone.
Backed by strengthening financials, Barnholden emphasized that Luca is fully funded for extensive exploration. With drilling planned continuously until late 2027, investors can expect a steady stream of highly anticipated news flow as the company actively unlocks further shareholder value.
View the full video here:
theRupertPupkin
2月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF this week released new underground drill results from its ongoing exploration program at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico.
Highlights
- Underground drillhole CMUG-26-38 intersected 118.2 metres of 2.53 g/t Au, 77.89 g/t Ag, 0.76% Cu, 0.57% Pb and 1.99% Zn from 179.9m, defining expanded mineralization in the unmined Largo Norte zone
- Underground drillhole CMUG-26-39 intersected 100.7m of 2.80 g/t Au, 90.72 g/t Ag, 0.59% Cu, 0.71% Pb and 2.59% Zn from 113.0m, expanding previously defined mineralization in the unmined Largo Norte zone
- Underground drillhole CMUG-26-37 intersected 77.1m of 2.31 g/t Au, 47.05 g/t Ag, 0.77% Cu, 0.24% Pb and 0.96% Zn from 182.0m
- Underground drillhole CMUG-26-41 intersected 71.0m of 1.57 g/t Au, 20.12 g/t Ag, 0.72% Cu, 0.07% Pb and 0.39% Zn from 113.5m, with the entirety of the mineralized intercept outside of the Largo Norte resource, and together with CMUG-26-36 have combined to expand mineralization up to approximately 20m beyond the current extents
Exploration drilling operations continue at Campo Morado with two surface drill rigs and one underground drill rig.
Paul D. Gray, Luca's VP of Exploration, commented: "Together, the six drillholes collared into Largo Norte this season have increased confidence in this area and expanded previously defined mineralization, which management believes will represent an important addition to the mineral endowment of the Campo Morado Mine."
View the full NR here: https://lucamining.com/2026/04/luca-intersects-118-metres-of-2-5-g-t-gold-78-0-g-t-silver-0-8-copper-0-6-pb-and-2-0-zinc-at-largo-norte-zone-campo-morado-mine/
theRupertPupkin
3月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF has recently reported production results for the three months ended March 31, 2026, alongside continued strengthening of its balance sheet.
As at March 31, 2026, Luca's cash position increased to approximately $36.4 million, compared to $25.5 million at year-end 2025. As previously disclosed in the Company's Q4/25 financial results, debt has been reduced to approximately $1.4 million, with the remaining balance expected to be fully repaid by mid-2026.
During the first quarter of 2026, the Company completed approximately 10,058 metres of drilling. Exploration activities were primarily focused on near-mine and resource expansion targets, achieving the objectives of extending mine life and improving production flexibility at the Company's operating assets.
"We started 2026 on strong footing, with solid operating performance and strong silver production in a favorable price environment," said Dan Barnholden, Chief Executive Officer. "We remain focused on operational improvements at both mines, with particular emphasis on Campo Morado as we advance the Campo Morado Expansion study toward a technical report in the second half of 2026."
"With a significantly strengthened balance sheet, Luca is well positioned to continue executing on its growth strategy, including advancing exploration, operational optimization, and broader corporate initiatives."
View the full NR here: https://lucamining.com/2026/04/luca-reports-robust-q1-production-results-and-materially-strengthens-balance-sheet/
StockInfo11
3月前
Posted on behalf of Luca Mining Corp. - Yesterday, Luca Mining (LUCA.v LUCMF) reported Q1 2026 production results, a strengthened balance sheet and over 10,000m drilled at Campo Morado & Tahuehueto. LUCA's cash position increased to ~$36.4M from $25.5M at year-end 2025, driven by operating cash flow, warrant/option exercises, and silver call options. CEO Dan Barnholden highlighted solid operating performance, strong silver production, and continued advancement of the Campo Morado Expansion study toward a technical report in the second half of 2026. Full update here⬇️
https://lucamining.com/2026/04/luca-reports-robust-q1-production-results-and-materially-strengthens-balance-sheet/
theRupertPupkin
3月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF Earlier this month, Luca Mining updated its corporate presentation, outlining an aggressive new strategy and development plan for the Campo Morado mine.
The company is actively transitioning the asset from a zinc-focused operation into a much higher-margin precious metals platform. This transition is driven by a multi-phase mill expansion designed to significantly improve gold and silver recoveries, with an updated NI 43-101 technical report expected in the second half of 2026.
Looking further ahead, recent high-grade drill success is paving the way for the Reforma and El Rey zones to become the mine's primary source of ore feed starting in 2028.
By shifting to more efficient, bulk-tonnage mining methods in these new areas, Luca is perfectly positioned to optimize production and unlock the massive exploration upside across its 12,000-hectare property.
View the full presentation here: https://lucamining.com/presentation/
theRupertPupkin
3月前
Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF Just last week, LUCA CEO Dan Barnholden added 14,500 shares in the open market last week at $1.49–$1.50, per Apr 10 SEDI filings, bringing his direct holdings to 3,336,500 common shares.
This insider confidence aligns directly with the aggressive growth strategy outlined in the company's latest corporate presentation.
Key Highlights
- Mid-Tier Target: Luca is actively targeting 200,000 ounces of gold equivalent production to re-rank as a mid-tier producer.
- Debt Elimination: Driven by strong operational cash flow, the company is scheduled to reach zero debt by mid-2026.
- Massive Exploration: A fully funded US$25 million drill program will see 80,000 metres of drilling across the Campo Morado and Tahuehueto mines.
- Campo Morado Expansion: An updated NI 43-101 is expected in H2 2026, paving the way for the high-grade Reforma and El Rey zones to become the primary ore feed by 2028.
With strong insider buying, a massive exploration program underway, and a clear path to zero debt, Luca Mining is aggressively executing its transition into a mid-tier producer.
View the full corporate presentation here: https://lucamining.com/presentation/
StockInfo11
3月前
Posted on behalf of Luca Mining Corp. - Luca Mining Corp. (LUCA.v LUCMF) reported record 2025 results, achieving revised production guidance across gold, silver, zinc, copper, and lead as operations at Campo Morado and Tahuehueto scaled up operations. Revenue increased 103% to $176.8 million and adjusted EBITDA rose 226% to $46.0 million, while net free cash flow before working capital reached $20.8 million, exceeding guidance. The company strengthened its balance sheet with cash rising to $25.5 million and long-term debt reduced by over 80% to $3.3 million, alongside $20.0 million raised from warrant and option exercises. Full details here: https://lucamining.com/2026/04/luca-mining-corp-reports-record-annual-results-for-2025-and-exceeds-revised-production-guidance/
theRupertPupkin
3月前
Posted on behalf of Luca Mining Corp. LUCA.v; LUCMF - Luca Mining Corp. has outlined its transition to a mid-tier producer through a high-impact three-year optimization and exploration plan.
Following a major financial turnaround in 2025, the company is now leveraging its two operating Mexican mines to fund an aggressive growth strategy.
Key Insights
- Financial Turnaround: Luca materially reduced debt to ~US$2M and achieved a net cash position as of late 2025.
- Debt-Free Target: The company is on track for scheduled zero debt by mid-2026 through organic cash flow.
- Funded Exploration: A US$25M three-year program is underway, supporting 80,000 meters of drilling at the Campo Morado and Tahuehueto mines.
- AI-Driven Targeting: Luca is utilizing VRIFY’s DORA AI technology to analyze over 30 years of geological data valued at US$100M.
- Production Growth: The company is targeting mid-tier status with a goal of 200,000+ oz gold equivalent production through organic expansion and M&A.
- Operational Execution: Recent milestones include achieving commercial production at Tahuehueto and 2,000 tpd throughput at Campo Morado.
Full Presentation here: https://lucamining.com/presentation/