Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) announces its financial and operating results for the third quarter and nine months ended September 30, 2023. The Company reports net revenue of $15.1 million in Q3 2023, representing a 2% increase over net revenue of $14.8 million in Q3 2022. Mine operating income (before depletion, depreciation, and amortization) in Q3 2023 was $0.30 million compared to $1.50 million in Q3 2022. The net mine operating loss in Q3 2023 was $0.74 million compared to a net mine operating gain of $1.16 million in Q3 2022.

Highlights
Tahuehueto is nearing completion of 1,000 tonnes per day of installed capacity before year end and on track to ramp up to commercial production in early 2024. First phase production from the mine is expected to achieve over 40,000 ounces gold equivalent per year with an AISC of under USD $1,000 per AuEq ounce*.
Campo Morado initiated an optimization program designed in cooperation with consulting metallurgical engineers, Ausenco, which has already demonstrated substantial increases in both recoveries and grades of the copper-lead and zinc concentrates.
The Company expects the optimization program to result in a revenue increase of at least 40% in 2024 with only very modest capital expenditures. read more on
https://lucamining.com/2023/12/luca-minings-q3-2023-overview-optimizing-campo-morado-and-progress-at-tahuehueto-mining-project/