- Luca Mining Corp. reported $4.5 million in net earnings for Q1 2025.
- Record revenues for the quarter were $47.4 million, a 117% increase year-over-year.
- Gold production increased by 79% from the previous year, totaling 7,677 ounces.
Luca Mining Corp. (LUCMF, Financial) achieved significant financial and operational milestones in Q1 2025, reporting net earnings of $4.5 million and an EBITDA of $7.6 million. Revenues soared to a record $47.4 million, reflecting a 117% increase from the same period last year. Free cash flow also increased to $11.7 million, a testament to the company's operational efficiency and strategic growth initiatives.
The company saw a dramatic rise in production metrics, with gold equivalent output reaching 21,293 ounces, marking a 51% increase year-over-year. The total amount of processed tonnes also grew by 55% to 246,282 tonnes, showcasing Luca's enhanced production capabilities. Specifically, gold production surged by 79% to 7,677 ounces, while silver, zinc, lead, and copper outputs also experienced substantial growth.
Luca Mining has made considerable strides in debt reduction, paying off $8.4 million to bring the current debt down to $8.5 million. Concurrently, the company maintains a robust cash position of $24.6 million. Despite inflationary pressures, the All-in Sustaining Cost (AISC) per gold equivalent ounce was managed at $2,251, a modest 9% increase from the prior year.
Exploration activities at Luca's Campo Morado and Tahuehueto mines continue to deliver promising results. Notable discoveries include a new high-grade zone at Campo Morado and the unveiling of high-grade mineralized breccia shoots at Tahuehueto. These developments underscore potential future resource expansions and augment the company's strategic exploration endeavors.
