Luca Mining Corp Stock Price, News & Analysis

Luca Mining (OTCQX: LUCMF) reported Q3 2025 results with significant operational ramp-up and higher revenues. Consolidated throughput rose to 250,807 tonnes (+66% YoY) and revenue was $35.0 million (+94% YoY). Q3 adjusted EBITDA was $4.3 million and year-to-date adjusted net earnings were $12.8 million. The company generated $5.3 million net free cash flow before working capital in the first nine months despite elevated sustaining capital of $8.7 million in the quarter ($19.0 million YTD). Guidance was revised; full-year net free cash flow is now expected at $5–10 million.

Luca Mining (OTCQX: LUCMF) reported Q3 2025 results showing substantial operational growth and updated capital plans. Consolidated revenue was $35.0M (+94% YoY) with adjusted EBITDA $4.3M for the quarter and $5.3M net free cash flow YTD before working capital. Throughput rose to 250,807 tonnes (+66% YoY); gold +51%, silver +97%, zinc +78%, lead +81%, copper +43% vs Q3 2024. Sustaining capital was elevated at $8.7M in Q3 ($19.0M YTD) and full-year capex guidance increased to $29.4M. Company revised full‑year net free cash flow guidance down to $5–10M from an earlier $30–40M range, citing sequencing and recoveries. A US$25M three‑year exploration program was committed to advance Campo Morado and Tahuehueto development.

Luca (OTCQX: LUCMF) launched a US$25 million, three-year exploration program across its Campo Morado and Tahuehueto mines in Mexico to test district-scale, high-grade gold potential.

The plan budgets 80,000 metres of diamond drilling (surface and underground), with US$6.5 million and 20,000 metres planned for 2026 and a further US$18.5 million for 2027–2028 (60,000 metres). Luca will apply VRIFY’s AI platform (DORA) to >650,000 metres of historical drilling and multi-decadal datasets to prioritize targets across 220 km2 of concessions.

Key tactical items include 38 priority targets, the new Reforma Deeps target, near-mine extensions at Crestón, Perdido and Santiago, and existing permits and community agreements enabling rapid mobilization.

Luca Mining (OTCQX: LUCMF) reported assays from four surface holes at the Reforma deposit and two underground holes at Campo Morado, Guerrero, Mexico, with multiple high‑grade intercepts.

Key highlights: CMRF‑25‑10 returned 13.0 m of 11.4 g/t AuEq (incl. 3.7 m of 21.3 g/t AuEq); CMRF‑25‑11 returned 24.6 m of 6.0 g/t AuEq (incl. 11.6 m of 8.6 g/t AuEq); CMUG‑25‑23 hit 2.6 m of 1.84 g/t Au and 103.8 g/t Ag ~20 m from workings.

Programs expanded: surface drilling increased to 5,500 m (+120%) and underground to 7,500 m (+50%) for 2025; 38 nearby priority targets identified.

Luca Mining (OTCQX: LUCMF) confirmed on October 9, 2025 that operations at its Tahuehueto Gold Project continue normally after an environmental inspection by PROFEPA. PROFEPA reviewed compliance with the project's Environmental Impact Authorization and placed a temporary closure notice on a single inactive legacy tailings area of 0.3 hectares pending updated technical documentation.

The notice applies only to the inactive area and does not affect ongoing mining or processing. Luca said it expects to submit remediation/technical documentation and does not anticipate operational impact; the company also reiterated ongoing activity at Tahuehueto and Campo Morado.

Luca Mining Corp. (OTCQX: LUCMF) has announced the grant of 3,200,000 incentive stock options and 875,000 Restricted Share Units (RSUs) to officers and directors. The stock options are exercisable at C$1.76 with a five-year expiration term, featuring a three-stage vesting schedule through September 2026. The RSUs will vest fully on September 18, 2026.

Directors have the option to convert their granted Options to RSUs at a ratio of 1.5 RSUs for every 3 Options. The grants are pending TSX Venture Exchange approval. Notably, the company disclosed that Campo Morado's commercial production began without a comprehensive feasibility study, indicating higher economic and technical risks.

Luca Mining (OTCQX:LUCMF) reported exceptional drilling results from its Phase 2 underground program and initial surface drilling at the Santiago Deposit of Tahuehueto Gold-Silver Mine in Durango, Mexico. The company intersected significant high-grade gold mineralization, including 14.0 meters grading 6.68 g/t gold and 6.0 meters grading 9.0 g/t gold at Santiago.

Key highlights include high-grade intercepts up to 23.1 g/t AuEq over 1.9m and new breccia-style zones returning 27.1 g/t AuEq over 0.4m. All 27 underground holes (6,200m) successfully intersected the Creston and Perdido veins, confirming strong mineralization continuity. The Santiago Deposit, located 1km from current mine workings, has demonstrated potential for new high-grade resources in its first drilling program since 2008.

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.