Luca Mining Corp Stock Price, News & Analysis

Luca Mining (OTCQX: LUCMF) has acquired the Humaya 3 mining concession from Fresnillo's subsidiary for US$400,000. The strategic acquisition encompasses 2,507 hectares adjacent to Luca's Tahuehueto Mine in Durango, Mexico, expanding the company's land position by over 25% to approximately 10,000 hectares.

The acquired concession is free from NSR royalties and holds significant exploration potential, with known veins from current mineral resources interpreted to extend onto the new property. Notably, the Santiago vein, which contains Mineral Resources and Reserves, extends northeast into the newly acquired ground, presenting a high-priority drill target.

Luca Mining (OTCQX:LUCMF) announced significant drilling results from its Campo Morado polymetallic mine in Mexico, highlighting exceptional gold and silver discoveries. The company reported outstanding intercepts including 37.2m of 13.85 g/t gold equivalent, containing 5.87 g/t gold, 367.50 g/t silver, and significant base metals from surface drilling at the Reforma Deposit.

Key underground drilling results include 5.5m of 15.2 g/t gold equivalent near current workings. The company has completed 24 underground drillholes totaling 5,070m as part of its Phase One exploration program, alongside ten surface drillholes at the Reforma Deposit. These results demonstrate stronger precious metals content than historically reported, with improved core recoveries exceeding previous drilling programs.

Luca Mining (OTCQX:LUCMF) reported Q2 2025 financial results, with revenue doubling to US$36.8 million, driven by gold equivalent production of 17,861 ounces. The company achieved record H1 2025 revenue of US$75.4 million and Adjusted EBITDA of US$5.8 million for Q2.

Key operational metrics showed significant growth, with consolidated tonnes milled increasing 65% to 253,717 and gold production rising 55% to 6,622 ounces. However, All-in sustaining costs (AISC) increased 45% to US$3,310 per AuEq ounce sold, primarily due to increased development and exploration investments.

The company completed 1,780 meters of underground development and 6,804 meters of exploration drilling, positioning for future growth while temporarily impacting short-term costs and grades. Despite higher costs, operating cash flow strengthened to US$12.6 million in Q2 2025, up from US$739 in Q2 2024.

Luca Mining (OTCQX:LUCMF) announced significant drilling results from its Campo Morado polymetallic mine in Mexico. The highlight includes surface drillhole CM-RF-25-001 intercepting 15.1m of 11.9 AuEq (5.35 g/t gold, 187.50 g/t silver, 0.31% copper, 8.39% zinc, and 2.75% lead) at the Reforma Deposit.

The company is executing a 5,000-metre underground and 2,500-metre surface Phase One exploration program. Underground drillhole CMUG-25-015 returned notable results including 4.5m of 12.2 g/t AuEq within a wider 11m of 7.6 g/t AuEq. To date, 22 underground drillholes have been completed, totaling over 4,476m, representing the first substantial exploration since 2014.

The exploration program targets the gold-rich Reforma and El Rey Deposits, which were discovered in the 1990s but never incorporated into the mine plan. The company aims to update mineral resources and improve the Campo Morado mine plan through this extensive drilling campaign.

Luca Mining Corp. (LUCMF) has announced key leadership changes, with Ramon Mendoza being appointed as permanent Chief Operating Officer while maintaining his role as Chief Technical Officer. Mendoza, who brings over 35 years of mining industry experience, has been instrumental in transforming Luca's Campo Morado and Tahuehueto mines in Mexico into consistent precious and base metals producers. In board changes, David Rhodes is stepping down as Chairman but will remain on the Board of Directors, while Peter Damouni, who brings 20+ years of global corporate and investment banking experience, will assume the Chairman position. CEO Dan Barnholden praised the leadership team, highlighting Mendoza's operational excellence and Damouni's strategic expertise as crucial for the company's accelerating growth phase.

Luca Mining Corp. (LUCMF) reported strong Q1 2025 financial results with $4.5 million in net earnings and $7.6 million in EBITDA. The company achieved record revenues of $47.4 million, up 117% year-over-year, and generated $11.7 million in free cash flow. Production metrics showed significant improvement with gold equivalent production reaching 21,293 ounces, a 51% increase from Q1 2024. The company processed 246,282 tonnes, marking a 55% increase in throughput. Gold production rose 79% to 7,677 ounces, with substantial increases in silver, zinc, lead, and copper output. Luca's debt reduction efforts resulted in paying down $8.4 million, leaving a current debt balance of $8.5 million. The company maintains a strong cash position of $24.6 million and reported promising exploration results at both Campo Morado and Tahuehueto mines.

Luca Mining Corp. (LUCMF) has announced significant drill results from its ongoing 5,000-meter Phase One underground exploration program at the Campo Morado mine in Mexico. The highlight includes drillhole CMUG-25-012 which intersected 3.8m of 12.54 g/t AuEq (5.4 g/t Au, 288 g/t Ag, 0.8% Cu, 2.2% Pb, 6.4% Zn) within a wider 15.8m zone of 4.87 g/t AuEq, representing a new ore zone discovery in the G9 Deposit.

The company has completed 16 underground drillholes totaling over 2,700m as part of the first substantive exploration since 2014. Additionally, Luca has launched a surface drilling program to test property-wide targets including Reforma and El Rey deposits. The Campo Morado property spans over 121 square kilometers within the Sierra Madre del Sur mineral belt, hosting multiple polymetallic massive sulphide deposits.

The drilling program aims to expand near-mine resources and quickly integrate new findings into the mine plan.

Luca Mining Corp. (LUCMF) has announced significant discoveries from its ongoing 5,000-meter exploration drill program at the Tahuehueto gold-silver mine in Durango, Mexico. The company has discovered multiple new high-grade breccia ore shoots, with notable intersections including 9.4m of 5.21 g/t AuEq within a larger 13.9m zone of 3.90 g/t AuEq in the El Creston vein system. Additional discoveries in the Creston FW Vein returned impressive results: 4.8m of 5.62 g/t AuEq, 6.9m of 4.10 g/t AuEq, and 5.1m of 5.62 g/t AuEq. The company has completed 20 underground drillholes to date as part of its Phase 1 program, and due to its success, has approved a Phase 2 program for an additional 5,000m of drilling. Surface drilling is also set to begin at the Santiago deposit, which hasn't been explored since 2008.

Luca Mining Corp. (LUCMF) has significantly strengthened its financial position through warrant exercises totaling USD$14.0 million from investors. The company has reduced its debt by USD$8.4 million since January 2025, leaving a current debt balance of USD$8.5 million. The company's cash and equivalents, including silver bullion, stand at USD$20.6 million.

Following the warrant exercises, outstanding warrants have decreased to 16.23 million, with various exercise prices ranging from CAD$0.45 to CAD$2.80 and expiry dates between June 2025 and March 2026. The total outstanding common shares are now 253.7 million.

Luca projects free cash flow of USD$30-40 million in 2025 and anticipates complete debt elimination by 2026. The company has also been added to the Solactive Global Copper Miners Total Return Index, effective May 1, 2025, tracked by the Global X Copper Miners ETF (COPX).