#Canada #Vancouver #Luca Mining #Campo Morado #Tahuehueto

Luca Mining Reports Remarkable Financial Performance in Q1 2025

In a recent announcement, Luca Mining Corp. has reported remarkable financial results for the first quarter of 2025, signaling a robust start to the year. The Vancouver, BC-based mining company recorded a
net income of $4.5 million along with EBITDA of $7.6 million. Furthermore, it achieved an impressive free cash flow of $11.7 million, positioning itself as a strong player in the mining industry.

Exceptional Revenue Growth

The company's revenue soared by 117% compared to the same period last year, exceeding $47.4 million. This growth can be attributed to substantial operational successes across both of its mines, Campo Morado and Tahuehueto.

Luca Mining's production levels reflect its operational efficiency, with the mines recording a 51% increase in gold equivalent production, reaching a remarkable 21,293 ounces in Q1 2025. The results were supported by improved throughput and enhanced head grades at both mining locations.

Operational Highlights

One of the standout achievements for Luca during this quarter was maintaining health and safety standards, achieving a 0.87 TRIFR, which marks an improvement over previous years. The company also celebrated completing 1,000,000 hours without a lost time incident at its Campo Morado mine, underscoring a strong commitment to safe mining practices.

In terms of production specifics, gold output was 7,677 ounces, representing a 79% increase from Q1 2024. Simultaneous increases were noted in silver and zinc production, up 69% and 71% respectively, highlighting high grades and volumes at both mining sites.

The all-in sustaining cost (AISC) per gold equivalent ounce sold was controlled at $2,251, only a 9% increase from the prior year, despite rising costs associated with inflation and ramp-up operations. This careful management of costs amidst production growth showcases Luca's operational agility.

Financial Debt Management

On the financial management front, Luca has made significant strides by reducing its debt. Since the beginning of 2025, the company has paid down $8.4 million against its debt facilities, resulting in a current debt balance of $8.5 million. Luca's total cash and cash equivalents stand at $24.6 million, fueled by strong operational cash flow.

Exploration and Future Prospects

Looking ahead, Luca has ongoing exploration activities aimed at resource expansion at its properties. With drilling already underway at the Campo Morado and Tahuehueto mines, the company plans to significantly enhance its mining capacity. Noteworthy discoveries include high-grade mineralized zones that have the potential to substantially contribute to the future output of the mines.

Additionally, Luca has made developments in its drilling programs, uncovering new high-grade ore shoots and further solidifying its position within the mining sector, particularly with its classification in the Solactive Global Copper Miners Total Return Index.

In conclusion, Luca Mining Corp. is not only positioned well for Q1 2025 but is set to achieve continued operational advancements, improved financial metrics, and successful exploration outcomes that will support the company's ambitions in the metal mining industry. CEO Dan Barnholden has noted the need for maintaining a trajectory of improvement, based on the strong foundation established over the past year.

About Luca Mining Corp.

Luca Mining Corp. operates primarily in the Sierra Madre region of Mexico, managing two wholly owned operations: Campo Morado and Tahuehueto. The company focuses on producing key metals such as gold, copper, zinc, silver, and lead, and is presently gearing up for further growth with promising operational updates on the horizon.