Welcome to our dedicated page for Luca Mining news (Ticker: LUCMF), a resource for investors and traders seeking the latest updates and insights on Luca Mining stock.
Luca Mining Corp. (LUCMF) operates two producing mines in Mexico, specializing in gold, copper, zinc, silver, and lead extraction. This page provides investors with comprehensive access to official announcements and analysis-driven updates about the company’s operations.
Discover timely reports on production milestones, exploration results, and strategic initiatives. Our curated collection includes earnings releases, operational updates, and technical progress reports from the Campo Morado Improvement Project and Tahuehueto mine development.
Key focus areas include metallurgical recovery enhancements, resource expansion drilling, and operational efficiency gains. Bookmark this page to stay informed about Luca Mining’s progress in optimizing its Mexican assets while exploring new mineralized zones.
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 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).
Luca Mining Corp (TSXV: LUCA) (OTCQX: LUCMF) announced that Armando Alexandri has stepped down as Chief Operating Officer to pursue new opportunities, while remaining as a key technical consultant. Ramon Mendoza, the company's Chief Technical Officer, has been appointed as Interim COO effective April 24, 2025.
Mendoza brings over 35 years of senior mining industry experience, specializing in mine development, process improvements, and managing both underground and open-pit operations. His expertise includes advanced optimization techniques, integrating mine designs, planning, cost modeling tools, and geo-sciences into mining operations.
CEO Dan Barnholden acknowledged Alexandri's contribution in leading the company through an operational turnaround, expressing confidence in the technical team's operational depth under Mendoza's leadership.
Luca Mining Corp. (LUCMF) reported strong 2024 year-end results with record annual production of 57,487 ounces gold equivalent. The company achieved record mine operating cash flow of USD $22.3M and net free cash flow of USD $6.6M before working capital.
Net revenue increased 59% to USD $80.6M, with mine operating earnings rising 1,477% to USD $17.2M year-over-year. However, cash costs increased 20% to USD $1,503 per gold equivalent ounce, and AISC rose 15% to USD $1,827. The company recorded a net loss of USD $10.4M due to a non-cash accounting adjustment related to the Tahuehueto silver stream.
Production highlights include:
- Gold: 19,299 oz (+63%)
- Silver: 782,867 oz (+14%)
- Copper: 7.3M lbs (+27%)
- Zinc: 26.3M lbs (-22%)
- Lead: 5.8M lbs (-2%)
The company projects 2025 production of 80,000-100,000 ounces gold equivalent, representing a 38-73% increase. Total debt has been reduced from $18M to $9M.
Luca Mining Corp (TSXV: LUCA) (OTCQX: LUCMF) has announced significant results from its first drilling program at Campo Morado mine in over 10 years, along with achieving one million hours without lost-time injury.
Key drilling highlights include:
- 5.6m @ 2.3 g/t Au, 150 g/t Ag and 3.71% Zn in a new mineralized zone
- 14 underground drillholes completed as part of 5,000m Phase 1 program
- First exploration since 2014 targeting near-mine resource expansion
The company has initiated a surface drilling campaign focused on the Campo Morado District, including assessment of the Reforma and El Rey deposits. The project spans over 121 square kilometers within the Sierra Madre mineralized belt, with 38 priority targets identified for exploration.
The drilling program aims to define additional mineral resources near existing underground production areas and identify new mineralization in untested zones. Results will inform an updated mineral resource estimate and mine plans.
Luca Mining Corp (TSXV: LUCA) has been recognized in the prestigious 2025 TSX Venture 50™ list of top-performing companies. The company achieved an impressive 77% increase in share price during 2024, with positive momentum continuing into 2025.
The TSX Venture 50™ ranking is based on three equally weighted criteria: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. CEO Dan Barnholden expressed optimism for 2025, anticipating continued growth in production, cash flow, and exploration programs at both operating mines.
TSX Venture Exchange President Tim Babcock highlighted the strategic importance of Canadian natural resources and high-growth innovation, emphasizing the role of TSXV in enabling Canadian businesses to raise capital and scale operations, particularly in critical minerals and energy sectors.
Luca Mining Corp. (LUCMF) has achieved commercial production at its Tahuehueto mine, operating consistently above 800 tonnes per day with 82% plant availability. The company has announced its 2025 production guidance, targeting 85,000-100,000 gold equivalent ounces with payable ounces of 65,000-80,000.
The company expects to generate $30-40 million in free cash flow before working capital adjustments. Luca plans to invest $27.4 million in 2025, including $23.5 million in sustaining capital and $3.9 million in exploration across its two operating mines.
At Campo Morado, operations aim to increase throughput above 2,000 tonnes per day by late 2025, with $13 million allocated to capital projects. At Tahuehueto, $10.5 million is planned for capital expenditures. The company aims to eliminate debt by July 2026 and targets becoming a mid-tier mining company with over 200,000 gold equivalent ounces annual production.
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