Luca Mining is now a two-mine producer, posting record Q1 results and ramping up gold output with strong cash flow and falling debt. Guidance for 2025 is aggressive: 85–100k oz AuEq and $30–40M FCF, with catalysts including Tahuehueto ramp-up, Campo optimization, and index inclusion. Valuation remains discounted versus peers, with the market not fully pricing in operational progress; a re-rating is likely if Luca proves consistency.
Luca Mining Corp., a Canadian precious metals company with two Mexican mines, has shown excellent stock price performance lately. Campo Morado's profitability has improved due to operational optimizations and higher commodity prices, targeting increased throughput for better returns. Tahuehueto, primarily a gold mine, achieved commercial production in March, with stable recoveries and expected strong cash flow due to favorable gold prices.