Luca Mining Corp. is pleased to announce the appointment of Lisa Dea as Chief Financial Officer , effective January 2, 2024. Lisa Dea, CPA, CA, is a highly experienced financial executive with over three decades of expertise in finance, securities, and accounting. As the former Chief Financial Officer of Guanajuato Silver Company Ltd., a TSX-V listed mid-tier producing silver company, Ms. Dea played a pivotal role in [...]
Luca Mining Corp. is pleased to announce that it has closed the CAD $2 million non-brokered private placement announced on December 06, 2023. In total, the Company sold an aggregate of 5,714,286 units of the Company at a price of CAD$0.35 per Unit for gross proceeds of CAD$2 million. In addition to the base CAD$2 million funding, Luca has reserved a 25% over subscription option on the Private Placement. Net proceeds of [...]
VANCOUVER, BC, Dec. 6, 2023 Luca Mining Corp. is pleased to announce that it has arranged a funding package for the mine optimization program underway at its 100% owned Campo Morado copper-gold-silver-zinc mine in Mexico. The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow. Campo Morado Optimization [...]
Luca Mining Corp. announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports net revenue of $15.1 million in Q3 2023, representing a 2% increase over net revenue of $14.8 million in Q3 2022. Mine operating income in Q3 2023 was $0.30 million compared to $1.50 million in Q3 2022. The net mine operating loss in Q3 2023 was $0.74 million compared to a net [...]
Luca Mining Corp. is pleased to announce excellent results from its optimization program at the Company's wholly owned Campo Morado polymetallic mine in Guerrero, Mexico. The program designed in cooperation with consulting metallurgical engineers, Ausenco, has yielded substantial increases in both recoveries and grades of the copper, zinc, and lead concentrates. These positive test results were achieved both in the [...]
VANCOUVER, BC, Oct. 25, 2023 /CNW/ - Luca Mining Corp. is pleased to announce that its expansion project to double throughput to 1,000 tonnes per day at its wholly owned Tahuehueto Gold Mine in Durango, Mexico is progressing well and according to plan. The objective is to achieve an installed capacity of 1,000 tpd by year-end and announce commercial production in first quarter of 2024. First phase production levels are [...]
Luca Mining Corp. is pleased to announce the appointment of Mr. Chris Richings as Vice-President Technical for Luca. Chris has over 20 years of experience in underground and open pit mining operations in North and South America. He is a highly effective leader of large operational and technical teams. Formerly Director of Technical Services for both the Josemaria Project and the Candelaria operations ; and previously held [...]
Luca Mining Corp. is pleased to announce the addition of Ms. Sophia Shane as Director of Corporate Development. Ms. Shane brings decades of experience in capital markets, corporate development and investor relations to Luca following a career spanning nearly 30 years at the highly successful Lundin Group of Companies. At the Lundin Group she was involved in all aspects of marketing, branding, shareholder communications [...]
Luca Mining Corp. and EnviroGold Global Ltd. , a clean technology company accelerating the world's transition to a circular-resource economy, are pleased to announce the signing of a Memorandum of Understanding , dated 1st August 2023, to process the tailings at Luca's 100% owned Campo Morado Mine in Guerrero State, Mexico . The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado [...]
Luca Mining Corp. is thrilled to announce two significant milestones. Firstly, the Tahuehueto Gold Project in Durango, Mexico, has achieved a major milestone with a production capacity of 500 tonnes per day , on time and budget. Secondly, Luca has successfully closed an oversubscribed non-brokered private placement , for a total of CAD$24,896,551.42 . Highlights Tahuehueto Gold Project achieves 500 tpd production [...]
Luca Mining is pleased to announce that it has closed the first tranche of its non-brokered private placement announced by news release dated March 31, 2023. The Company has sold 52,412,065 units of the Company at a price of CAD$0.35 per Unit for gross proceeds of $18,344,223. Each Unit consists of one common share of the Company and one half of one transferable share purchase warrant (each whole, a “Warrant”). Each [...]
Luca Mining is pleased to announce an overall financing package of up to CAD $33,200,000 in place of the previously proposed rights offering. The Financing Package is comprised of a private placement and two strategic debt settlements, as described below. Strengthening the Company’s balance sheet through a strategic debt conversion of approximately CAD$8,000,000 with its offtake partner Trafigura, and CAD$4,900,000 with [...]
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