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

Luca Mining Corp. Reports Strong Third Quarter Results

In a notable development, Luca Mining Corp. has released its operational and financial results for the third quarter of 2025, showcasing substantial growth compared to the previous year. The Vancouver-based mining company recorded significant annual increases in production and revenue, signaling a promising outlook as it approaches 2026.

Q3 Performance Highlights

The third quarter saw a remarkable increase in throughput, with a consolidated total of 250,807 tonnes milled, marking a 66% improvement over the prior year. This has elevated metal outputs considerably, with production statistics reflecting robust growth:

• - Gold production surged by 51%.
• - Silver production rose by an impressive 97%.
• - Zinc production increased by 78%, while lead and copper saw boosts of 81% and 43%, respectively.

Luca Mining's revenue reached $35.0 million, representing a 94% year-over-year increase. This revenue growth was supported by enhanced sales volumes and higher market prices for precious metals, with gold prices increasing by 28% and silver prices rising by 18% during the quarter. These results translate to an Adjusted EBITDA of $4.3 million for Q3 and positive year-to-date adjusted net earnings of $12.8 million, showcasing improved operational performance.

Operational Insights from Campo Morado and Tahuehueto

The Campo Morado mine significantly contributed to these results, producing 30.2 million zinc-equivalent pounds, marking a 75% increase from last year. Notably, cash costs decreased to $1.09 per payable zinc-equivalent pound, although the All-in Sustaining Costs (AISC) rose slightly to $1.43 per pound due to increased sustaining capital and the commencement of a major exploration program.

At the Tahuehueto mine, production ramped up successfully, achieving a record of 969 tonnes milled per day, an increase of 187% over the previous year. With an overall production growth of 74% in AuEq, the direct mining cost per tonne decreased to $149.

Focus on Development and Future Growth

Luca Mining has utilized $8.7 million for sustaining capital investments in Q3, totaling $19.0 million year-to-date to enhance underground development and exploration drilling. CEO Dan Barnholden emphasized that these investments are geared towards sustaining the company's momentum and enhancing long-term operational performance. As the company heads into 2026, it anticipates better grades, improved recoveries, and continuous cash generation from operations.

Excitement surrounds the launch of a substantial three-year, $25 million exploration program aimed at unlocking significant gold resources at both Campo Morado and Tahuehueto. Exploration activities have already yielded multiple high-grade intercepts, indicating strong potential for future resource expansion.

In summary, Luca Mining Corp.'s operational tactics in the third quarter have positioned the company favorably for sustained growth. Strategic investments in exploration and mine development align with positive movements in revenue and production performance, promising a bright future for this Vancouver-based mining entity as it gears up for an active 2026.