Dual-Listed Junior Miner on the Move after Releasing Strong Production Guidance - InvestingChannel

Dual-Listed Junior Miner on the Move after Releasing Strong Production Guidance

This junior miner is making moves in Thursday morning trade after announcing future guidance and revenue, including news that it expects operations to begin generating positive cash flows this year.

Luca Mining Corp.  (TSXV: LUCA) (OTCQX: LUCMF) announced its 2024 guidance and outlook for its 100% owned Campo Morado and Tahueheuto mines in Mexico in a press release this morning. Full-year production included consolidated revenue of U.S.$90 – 105 million, and consolidated production and sales of between 60,000 to 70,000 ounces gold equivalent from its Campo Morado and soon-to-be-commissioned Tahuehueto mine.

Additionally, key milestones for 2024 include a throughput expansion at both mills; a declaration of commercial production at Tahuehueto; the addition of a separate copper concentrate at Campo Morado; and the commencement of major exploration programs at both properties.

Canadian shares of $LUCA were trading up 5 percent, while U.S. shares of $LUCMF were up over 7 percent.

 

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