Luca Mining - Operational Updates and 2025 Forecasts At Campo Morado and Tahuehueto, Major Focus On Production Growth And Exploration
Dan Barnholden, CEO of Luca Mining (TSX.V:LUCA - OTCQX:LUCMF - FSE:TSGA) joins us to provide a detailed update on the Company's progress and future plans for both the Campo Morado and Tahuehueto mines.
At Campo Morado, Dan discusses the ramp-up initiatives and production improvements emphasizing the Company’s goal to consistently achieve 2,000 tons per day by the end of the year and eventually reach 2,400 tons per day in 2025. He also talks about the new exploration strategies The goal is to add ounces that are higher grade to ongoing production. Furthermore, Dan highlights their work to optimize mill recoveries for various metals, aiming for a significant production boost in 2025.
Then Dan moves on to discuss the developments at Tahuehueto, including the commencement of exploration for the first time since 2013. He emphasizes that achieving consistent production rates will allow them to ramp up to full mill capacity. The plan is to declare commercial production by January.
On the financial front, Dan sheds light on the Company's financial health, cost management, and debt reduction strategies. He outlines plans to either invest in growth or return capital to shareholders through buybacks or dividends, aiming to be debt-free in the near term.
Please email any follow up questions for Dan. My email address is Fleck@kereport.com.
