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Providing an update on the company's strong Q2 2024 financial performance, LUCA Mining (LUCA.v LUCMF) CEO, Dan Barnholden, detailed the key highlights including record net quarterly revenue in Q2 2024 of US$18.2 million, up 49% year-over-year :
Luca Mining Corp. (LUCA.v, LUCMF) recently reported strong financial results for Q2 2024, marking significant growth.
Q2 2024 revenue: US$18.2M (+49% YoY)
Net earnings: US$4.7M (+217%)
EPS: US$0.03 (+130%)
Tahuehueto mine: Full production by Q4 2024
Campo Morado mine: Ongoing improvements for growth in H2 2024
Full report: https://lucamining.com/press-release/?qmodStoryID=6421229754912224
*Posted on behalf of Luca Mining Corp.
Offering a built-in hedge by producing gold, copper, silver, zinc and lead, LUCA Mining (LUCA.v LUCMF) recently reported record net quarterly revenue in Q2 2024 of US$18.2 million: https://www.reddit.com/r/RichTogether/comments/1f4e8ya/luca_mining_tsxv_luca_is_showing_impressive/
Achieving positive net income, positive EBITDA and positive adjusted EBITDA for the second quarter in a row as it ramps up production, LUCA is expected to continue this strong trend with the production of 60,000–70,000 ounces of gold equivalent this year and plans in place to double production from both assets by next year.
Mid-tier Gold Eq producer, Luca Mining Corp. (LUCA.v LUCMF), recently reported record net quarterly revenue of $18.2M in Q2 2024, a 49% increase from Q2 2023. LUCA also saw a 217% YoY rise in net earnings to $4.7M. Overall LUCA produced 13,947 troy oz of AuEq in Q2. Full results breakdown here⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1f5a8in/midtier_gold_eq_producer_luca_mining_corp_lucav/
Boasting polymetallic production including gold, copper, silver, zinc and lead, LUCA Mining (LUCA.v LUCMF) offers a built-in hedge with two producing mines, Campo Morado and Tahuehueto:
Polymetallic production offers a built-in hedge for Luca Mining. Discover why a multi-metal strategy is a significant advantage for the company.$LUCA.V $LUCMF #Gold #Silver #Zinc #Lead #Copper #Mexico pic.twitter.com/plWPXIfyqE
— Luca Mining Corp. (@LucaMining) September 3, 2024
Yesterday, Luca Mining Corp. (LUCA.v, LUCMF) reported a record Q2 2024 net revenue of US$18.2M, up 49% YoY. The company, which produces gold, silver, zinc, copper, and lead from its 100%-owned Mexican mines, also saw a 217% rise in net earnings to US$4.7M, with significant growth expected in the second half of 2024.
https://lucamining.com/press-release/?qmodStoryID=6421229754912224
*Posted on behalf of Luca Mining Corp.
Reporting a record net quarterly revenue in Q2 2024 of US$18.2 million, up 49% year-over-year, mid-tier mining company, LUCA Mining (LUCA.v LUCMF) is on a strong trend, achieving positive net income, positive EBITDA and positive Adjusted EBITDA for the second quarter in a row as it ramps up to full capacity as its two producing mines:
Today, @LucaMining, a mid-tier mining company with a $101M mcap, reported record net quarterly revenue in Q2 2024 of US$18.2 million, up 49% year-over-year.$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 29, 2024
Record Quarterly Revenue:
➡️Q2 2024 net revenue reached US$18.2 million, a 49% increase from Q2 2023.… https://t.co/GaTbbvAdPd pic.twitter.com/cF6IC0Yi3l
Today, LUCA Mining (LUCA.v LUCMF) reported record net quarterly revenue in Q2 2024 of US$18.2 million, up 49% year-over-year: https://lucamining.com/press-release/?qmodStoryID=6421229754912224
Other highlights include achieving positive net income, positive EBITDA and positive Adjusted EBITDA for the second quarter in a row, as well as positive cash flow from operations, all of which are expected to continue.
Luca Mining Corp. (LUCA.v) introduces new CEO Dan Barnholden, who outlines plans to boost Gold Eq production by 50% by 2025, enhance exploration, and strategically position the company as a significant mid-tier mining operation over the next 12 months & beyond.
Insightful video from LUCA Mining's (LUCA.v LUCMF) new CEO, Dan Barnholden, highlighting the company's recent milestones, including the completion of construction at Tahuehueto and exploration program details:
Luca Mining (LUCA.v LUCMF) CEO, Dan Barnholden, highlights the Gold Eq Producer's plans to increase throughput to 2,400 tpd at their Campo Morado Mine and 1,000 tpd at their Tahuehueto Mine. These efforts support LUCA's goal to 2x production in 2025.
Economist and gold advocate Peter Schiff predicts that the gold mining sector will be the best-performing industry this decade, foreseeing a "major bull market" for precious metals. He emphasized that gold mining stocks are currently undervalued and expects them to rise significantly, even if gold prices remain stable. Schiff pointed out that gold recently hit a record high above $2,530, with many gold mining stocks reaching new 52-week highs. (Source: https://news.bitcoin.com/peter-schiff-expects-gold-mining-to-be-best-performing-sector-this-decade-foresees-major-bull-market/)
Expected to produce 60,000–70,000 ounces with plans in place to double production from both assets by next year, LUCA Mining (LUCA.v LUCMF) is operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto: https://www.reddit.com/r/wallstreetsmallcaps/comments/1exam7x/midtier_gold_eq_producer_luca_mining_lucav/
Luca Mining's (LUCA.v LUCMF) recent investor update webinar highlighted the mid-tier producer's plans to boost throughput at its Campo Morado Gold Eq Mine to 2,400 tpd by 2025, and boost its Tahuehueto Mine's throughput to 1,000 tpd by year-end.
ICYMI, check out this summary thread of LUCA Mining's (LUCA.v LUCMF) latest webinar detailing its optimization, exploration and expansion plans:
Optimization, Exploration & Expansion - @LucaMining Webinar Summary Thread with @adelaide_cap ⬇️$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 13, 2024
Operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto, $LUCA is focused on optimization, exploration, and expansion to significantly increase… https://t.co/HjKqo5olyU pic.twitter.com/17mqJM7YCt
In a recent webinar, Luca Mining's CEO provided an update on the company’s mid-tier gold equivalent production, outlining plans to double output by 2025. Overall, LUCA.v aims to increase its gold equivalent production to 200,000 ounces, positioning itself for significant growth in the coming years.
High-level presentation from Ausenco on "How to Transform your Mining Project" that uses LUCA Mining's (LUCA.v LUCMF) Campo Morado as a success story:
High-level presentation from Ausenco on "How to Transform your Mining Project" that uses LUCA Mining's (LUCA.v LUCMF) Campo Morado as a success story:
Luca Mining's (LUCA.v LUCMF) production guidance for 2024 is between 60k-70k of Gold Eq. + The mid-tire producer is enhancing production capacity at its Campo Morado mine, aiming to boost mill throughput to 2,000 tpd by year-end and 2,400 tpd in 2025. Full DD & news breakdown here⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1exam7x/midtier_gold_eq_producer_luca_mining_lucav/
Mid-tier producer, Luca Mining Corp. (LUCA.v LUCMF) is partnering with a prominent mining contractor for core mining operations at its Campo Morado Gold Eq Mine, to enhance production and efficiency. The company aims to increase mill throughput from 1,400-1,600 tpd to 2,000 tpd by year-end, targeting 2,400 tpd in 2025. More⬇️
https://lucamining.com/press-release/?qmodStoryID=4579509354745924
*Posted on behalf of Luca Mining Corp.
Today, gold prices surged to a new high, reaching $2,564.60, driven by bullish charts and strong safe-haven demand, particularly from China, where traders are buying gold in anticipation of a weaker U.S. dollar and in response to economic challenges. (Source: https://www.kitco.com/news/article/2024-08-20/gold-price-hits-another-record-high-chinese-demand)
Targeting the production of 60,000–70,000 ounces of gold equivalent this year, LUCA Mining's (LUCA.v LUCMF) two fully permitted and operating mines, Tahuehueto and Campo Morado, position the company to benefit from rising metal prices and the increasing global demand for precious and base metals: https://www.reddit.com/r/smallstreetbets/comments/1etagtq/luca_mining_corp_lucav_strengthens_gold_eq/
Gold prices reached a new all-time high of $2,549.90 an ounce, marking a 20% gain year-to-date, driven by disappointing U.S. economic data that raised hopes for deeper Federal Reserve rate cuts. (Source: https://www.mining.com/want-to-capitalize-on-all-time-high-gold-price-you-could-be-in-business-by-2040/)
Providing steady cash flow and growth opportunities as it nears the production of 60,000–70,000 ounces, LUCA Mining's (LUCA.v LUCMF) Tahuehueto and Campo Morado position the company to benefit from rising metal prices and the increasing global demand for precious and base metals:
Optimization, Exploration & Expansion - @LucaMining Webinar Summary Thread with @adelaide_cap ⬇️$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 13, 2024
Operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto, $LUCA is focused on optimization, exploration, and expansion to significantly increase… https://t.co/HjKqo5olyU pic.twitter.com/17mqJM7YCt
Gold is continuing to drive higher amid safe haven buying and rising geopolitical tensions, reaching a new all-time high driven. Having broken out of its recent trading range, signaling a potential continuation of its longer-term bullish trend, gold could aim for another new all time high around $2,550. (Source: https://www.fxstreet.com/news/gold-retreats-from-chart-resistance-after-release-of-upbeat-us-data-202408160727)
Expected to produce 60,000–70,000 ounces with plans in place to double production from both assets by next year, LUCA Mining (LUCA.v LUCMF) is operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto:
Optimization, Exploration & Expansion - @LucaMining Webinar Summary Thread with @adelaide_cap ⬇️$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 13, 2024
Operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto, $LUCA is focused on optimization, exploration, and expansion to significantly increase… https://t.co/HjKqo5olyU pic.twitter.com/17mqJM7YCt
Luca Mining Corp. (LUCA.v, LUCMF) has partnered with Cominvi to enhance production at its Campo Morado gold mine in Mexico. The collaboration aims to increase throughput from 1,400-1,600 tpd to 2,000 tpd by year-end and 2,400 tpd by 2025, aligning with Luca's strategic goals and ongoing optimization efforts.https://lucamining.com/press-release/?qmodStoryID=4579509354745924
*Posted on behalf of Luca Mining Corp.
Replay of LUCA Mining's (LUCA.v LUCMF) Webinar with Adelaide Capital held yesterday that provided an update on what investors can expect soon:
Optimization, Exploration & Expansion - @LucaMining Webinar Summary Thread with @adelaide_cap ⬇️$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 13, 2024
Operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto, $LUCA is focused on optimization, exploration, and expansion to significantly increase… https://t.co/HjKqo5olyU pic.twitter.com/17mqJM7YCt
Optimization, Exploration & Expansion - LUCA Mining (LUCA.v LUCMF) Webinar Summary with Adelaide Capital:
Optimization, Exploration & Expansion - @LucaMining Webinar Summary Thread with @adelaide_cap ⬇️$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 13, 2024
Operating two fully permitted mines in Mexico, Campo Morado and Tahuehueto, $LUCA is focused on optimization, exploration, and expansion to significantly increase… https://t.co/HjKqo5olyU pic.twitter.com/17mqJM7YCt
In a recent Natural Resource Stocks episode, mid-tier Gold Eq producer, Luca Mining Corp. (LUCA.v LUCMF), was highlighted as "one of the most undervalued mining companies".
Tomorrow, mid-tier producer LUCA Mining (LUCA.v LUCMF) is holding a webinar with Adelaide Capital to discuss the latest updates from its Campo Morado and Tahuehueto Mines, both of which are expected to be drilled during a major exploration program in Q3 and Q4 of 2024:
Upcoming webinar!
— Luca Mining Corp. (@LucaMining) August 12, 2024
Join us tomorrow, August 13th, at 11 am PT/2 pm ET. CEO Dan Barnholden and @adelaide_cap will discuss the latest updates from Campo Morado and Tahuehueto and what investors can expect soon.
Register now: https://t.co/XzCZgOPD44 pic.twitter.com/o3Nu8zPaPO
In a recent Natural Resource Stocks episode, Luca Mining Corp. (Ticker: LUCA.v or LUCMF) was spotlighted as a potentially undervalued mining investment. With a modest market cap of $93 million, LUCA's recently completed Tahuehueto gold mine is nearing full production, contributing to revenue projections of CAD 150 million this year and possibly CAD 250 million next year. The company plans to drill 10,000 meters across its projects in the coming months, and increase production capacity at its flagship Campo Morado Project.
Busy month for mid-tier producer LUCA Mining (LUCA.v LUCMF) with engaging one of the largest and most respected mining contractors in Latin America to carry out core mining operations at its Campo Morado, including increasing mill throughput from 1,400-1,600 tonnes per day (tpd) to 2,000 tpd by year-end, alongside a major exploration program at both of its projects: https://www.reddit.com/r/Wealthsimple_Penny/comments/1elwa1j/today_midtier_gold_eq_producer_luca_mining_lucav/
Both Campo Morado and Tahuehueto have demonstrated strong cash flow potential and exploration success, thus this is set to be a game changing program given the exploration potential.
Mid-tier gold eq producer, Luca Mining Corp. (LUCA.v, LUCMF), recently announced a 10,000m drilling campaign across its Campo Morado & Tahuehueto mines.
+ Optimization at Campo Morado in partnership with Cominvi targets 2,000 tpd mill throughput, aiming for 2,400 tpd by 2025. Tahuehueto's 1,000 tpd mill is set to achieve commercial production soon.
https://lucamining.com/news/
*Posted on behalf of Luca Mining Corp.
Aiming to boost the daily production targets and increase mill throughput from 1,400-1,600 tonnes per day (tpd) to 2,000 tpd by year-end at Campo Morado, LUCA Mining (LUCA.v LUCMF) has engaged one of the largest and most respected mining contractors in Latin America to carry out core mining operations: https://www.reddit.com/r/Wealthsimple_Penny/comments/1elwa1j/today_midtier_gold_eq_producer_luca_mining_lucav/
Yesterday, Mid-Tier Producer, Luca Mining (LUCA.v) announced it is partnering with Cominvi to enhance operations at its Campo Morado Gold Eq mine, aiming to boost mill throughput from 1,400-1,600 tpd to 2,400 tpd in 2025. The company is also launching a 10,000-meter exploration campaign for their Campo Morado & Tahuehueto mines, focusing on expanding their resource base. Full news breakdown and DD here⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1elwa1j/today_midtier_gold_eq_producer_luca_mining_lucav/
Enabling them to quickly increase production and access newer mining equipment cost-effectively at its 100% owned Campo Morado Copper-Zinc-Gold Mine, LUCA Mining (LUCA.v LUCMF) has engaged a mining contractor to carry out core mining operations,aiming to boost the daily production targets and increase mill throughput from 1,400-1,600 tonnes per day (tpd) to 2,000 tpd by year-end:
Today, Mid-Tier Producer @LucaMining engaged a mining contractor, Cominvi, for core mining operations at the Campo Morado #copper-zinc-#gold mine in Mexico. $LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) August 6, 2024
Cominvi is one of the largest and most respected mining contractors in Latin America
• Known for expertise… https://t.co/ie7Fw7Unzs pic.twitter.com/pSnpAyJRqG
Today, mid-tier Gold Eq producer, Luca Mining (LUCA.v), shared that it has partnered with prominent mining contractor Cominvi to boost production at its Campo Morado mine, aiming to reach mill throughput of 2,400 tpd by 2025. Full news: https://lucamining.com/press-release/?qmodStoryID=4579509354745924
*Posted on behalf of Luca Mining Corp.
Today, mid-tier producer LUCA Mining (LUCA.v LUCMF) engaged a mining contractor, Cominvi, to carry out core mining operations at the company's 100% owned Campo Morado copper-zinc-gold mine in Mexico: https://lucamining.com/press-release/?qmodStoryID=4579509354745924
Allowing LUCA to quickly increase production and access newer mining equipment cost-effectively, this collaboration aims to boost Campo Morado's daily production targets, to increase mill throughput from 1,400-1,600 tonnes per day (tpd) to 2,000 tpd by year-end and further to 2,400 tpd in 2025.
Mid-tier producer, Luca Mining Corp. (LUCA.v LUCMF), recently announced a 10,000m drilling campaign for Q3/Q4 at its Campo Morado & Tahuehueto Gold Eq Projects in Mexico. The initiative targets high-potential areas, aiming to expand resources & elevate the company’s production capabilities. More⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1ehv5bx/midtier_gold_eq_producer_luca_mining_lucav/
Given both projects have already demonstrated strong cash flow potential and exploration success, Mid-Tier Producer LUCA Mining (LUCA.v LUCMF) is targeting "game-changing" exploration with the commencement of a major exploration program during Q3 and Q4 of 2024:
Today, @LucaMining announced a major exploration program, with plans for a drilling campaign at its Campo Morado & Tahuehueto Projects$LUCA.v $LUCMF
— Stock Master Flash (@StckMasterFlash) July 31, 2024
A total of 10,000 meters will be drilled across both projects during Q3 and Q4 of 2024 with ~5,000m drilled at each project.… https://t.co/6XQJtfUTso pic.twitter.com/HR46EM9ssW
Yesterday, mid-tier Gold Eq producer, Luca Mining Corp. (LUCA.v), announced a major exploration campaign targeting 10,000 meters of drilling at its Campo Morado and Tahuehueto projects in Mexico. The program aims to expand resources at both sites, with significant growth potential and a target of 200,000 oz Au Eq production annually. Full news here: https://lucamining.com/press-release/?qmodStoryID=8460980391758573
*Posted on behalf of Luca Mining Corp
Today, LUCA Mining (LUCA.v LUCMF) announced a major exploration program, with plans for a drilling campaign at both Campo Morado and Tahuehueto:
https://lucamining.com/press-release/?qmodStoryID=8460980391758573
A total of 10,000 meters will be drilled across both projects during Q3 and Q4 of 2024, targeting "game-changing" exploration potential as LUCA aims for 200,000 oz Au Eq production
Javier Reyes, CEO of LUCA.v, shared the Gold Eq Producer's plans at Rick Rule's recent Symposium➡️
LUCA Mining (LUCA.v, LUCMF) seeing continued insider buying following the completion of the Tahuehueto Mill:
Love the continued $LUCA.v insider buying over the last few days since the announcement of the completion of Tahuehueto Mill.
— Airic (@airic101) July 30, 2024
Ramp up at both mines/mills are well underway. 100,000 ounces of #Gold Eq to be produced over the next 12 months. Thats ~2x from 2023 production.$LUCA… https://t.co/EAcxASjsdm pic.twitter.com/ps1T8UOGvc
At the 2024 Rules Symposium, Javier Reyes of Luca Mining (LUCA.v LUCMF), discusses his journey and the company’s growth. Luca operates two mines in Mexico, producing gold, copper, zinc, silver, and lead. The company targets production of 60,000-70,000 AuEq ounces for 2024 with continued production optimization. Projected 2024 revenue is $150M with $70M cash flow.
Insightful Mining.com feature on LUCA Mining (LUCA.v, LUCMF) regarding the completion of its Tahuehueto Gold mine in Mexico's Durango State last week: https://www.mining.com/luca-mining-completes-mexico-gold-mine-build/
Marking LUCA's second producing asset in the country, commercial production is slated for September 2024 at the mine with a processing capacity of 1,000 tonnes per day (tpd).
On Thursday, Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors) announced the completion of its 100%-owned Tahuehueto gold mine in Durango State, Mexico. This underground mine, with a processing capacity of 1,000 tonnes per day, is expected to reach commercial production by September 2024. Enhanced with a third filter press for dry stack tailings, Tahuehueto aims for a commercial run-rate of 800 tpd and has the potential to produce 50,000 ounces of gold equivalent annually. Ongoing exploration targets new high-grade zones, aiming to expand the resource base and strengthen LUCA's asset portfolio.
Additionally, LUCA's flagship Campo Morado mine produces copper-zinc-lead concentrates and has precious metals credits, with a nameplate capacity of 2,400 tpd. The mine is currently undergoing an optimization program, which is already generating significant improvements in recoveries, grades, efficiencies, and cashflows💥
https://www.reddit.com/r/smallstreetbets/comments/1ec9ve0/today_gold_eq_producer_luca_mining_lucav/
Today, Luca Mining Corp. (LUCA.v or LUCMF) shared that it has completed construction of its 100%-owned Tahuehueto gold mine in Durango State, Mexico. This underground mine, with a capacity of 1,000 tpd, is set to ramp up to commercial production by September 2024. CEO Dan Barnholden highlights its potential to produce 50,000 oz Au Eq annually.
https://lucamining.com/press-release/?qmodStoryID=6292244422164983
*Posted on behalf of LUCA Mining Corp.
Today, LUCA Mining (LUCA.v, LUCMF) announced the completion of its Tahuehueto Gold Mine, furthering expectations to hit $150 million in revenue this year with only a $90M market cap: https://lucamining.com/press-release/?qmodStoryID=6292244422164983
With a processing capacity of 1,000 tonnes per day (tpd), the fully permitted underground mine is set to reach commercial production by September 2024, targeting an average of 800 tpd (25,000tonnes per month).
Interesting analysis from the World Gold Council on how gold and other precious metals may be affected by the upcoming US election: https://www.gold.org/goldhub/research/ballots-bullion-examining-us-elections-effect-gold
Providing significant diversification to a range of vital metals in our current economy, LUCA Mining (LUCA.v, LUCMF) is on track to hit revenue growth expectations $150 million this year and $250 million the next year as it brings its second asset into commercial production with only a $95M market cap: https://www.reddit.com/r/PennyStocksCanada/comments/1e6pq15/accelerating_to_100k_gold_equivalent_oz_per_year/
Luca Mining Corp. (LUCA.v or LUCMF) operates the Campo Morado and Tahuehueto gold equivalent (AuEq) projects and recently released Q1 2024 results showing it’s poised for growth with ongoing optimizations and potential future margin improvements. More⬇️
https://seekingalpha.com/marketplace/1370-off-the-beaten-path/analysis/6032821-earnings-season-q1-24-luca-mining-continues-to-show-improvements
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