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. reports operating and exploration developments from its Mexican mining portfolio, including the Tahuehueto gold-silver mine in Durango and the Campo Morado polymetallic VMS mine in Guerrero State. Recurring updates cover underground and surface drilling, assay results, mineralized zones near existing workings, and resource-expansion targets tied to gold, silver, copper, lead and zinc mineralization.
Company news also covers production results, cash flow and debt updates, exploration budgets, mine sequencing, and technical work related to Campo Morado mill optimization and expansion. These releases frame Luca as an operating precious- and base-metals miner with active near-mine exploration and processing-improvement initiatives.
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.
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 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.