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Luca Mining Reports Record Production at Tahuehueto, Consistent Positive Operating Cash Flow Achieved at Campo Morado, Management Updates and Retention of Market Maker
Luca Mining Reports Record Production at Tahuehueto, Consistent Positive Operating Cash Flow Achi...
About this update from Luca Mining Corp
[{"type":"text","content":"\n \n \n \n Luca Mining Reports Record Production at Tahuehueto, Consistent Positive Operating Cash Flow Achieved at Campo Morado, Management Updates and Retention of Market Maker\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 4, 2024\n \n \n /CNW/ - Luca Mining Corp. (\"Luca\" or the \"Company\") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) reports the following updates on its operations in\n \n Mexico\n \n and Management changes.\n \n \n \n \n \n \n \n \n \n Tahuehueto\n \n \n Construction of the Tahuehueto gold and silver mine in\n \n Durango, Mexico\n \n , is nearing completion with final components to be installed in early Q2 2024.  Commissioning is well underway and will be completed as the final circuit components are installed.  The mine plan calls for the ramp-up to an approximate 1,000 tonne per day operation during 2H 2024 which is rapidly being achieved. Throughput levels are averaging approximately 65% of nameplate capacity and will progressively increase as ramp-up continues, resulting in higher concentrate production and generating additional revenue for the Company.\n \n \n The mine achieved a new daily production record of 655 tonnes this week.\n \n \n \n Campo Morado\n \n \n \n At the\n \n Campo Morado\n \n copper, zinc, lead mine in\n \n Guerrero, Mexico\n \n , the optimization program has to date developed fundamental improvements in productivity, operational efficiency and cashflow. Key features of the program include effective mine-to-mill planning, new procedures for ore blending, increased metallurgical test work, optimized grinding and reagent dosing for improved recoveries, and phased equipment upgrades for mine and mill.\n \n \n The result has been higher metallurgical recoveries, higher grades in concentrate and increasing revenues.  We are pleased to announce that\n \n Campo Morado\n \n is now consistently generating positive operating cash flow. With the planned production of three separate (copper, zinc and lead) higher value concentra...