Luca Mining Corp

LUCA

Luca Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in North America. The company explores for gold, silver, zinc, lead, and copper deposits, as well as base and precious metals. It holds 100% interest in the Campo Morado mine that consists of six mining concessions covering an area of approximately 12,090 hectares located in Guerrero state, Mexico; and the Tahuehueto covering an area of approximately 7,492 hectares located in Durango State, Mexico. The company was formerly known as Altaley Mining Corporation and changed its name to Luca Mining Corp. in March 2023. Luca Mining Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Score

—

Updated

—

Data Quality

N/A

Market Cap

N/A

Total valuation

Stock Price

N/A

Latest close

Free Cash Flow

N/A

Annual

Financial Position

N/A

Cash position

PEG Ratio

ⓘ

N/A

P/E ÷ growth

Analysis

Subscribe to see the AI Analysis

Score breakdown, criteria, red flags, bull/base/bear scenarios.

Financials

Subscribe to see Financials

Cash flow, balance sheet, valuation metrics, share structure.

Asset Pipeline

Subscribe to see the Asset Pipeline

Jurisdiction exposure, project portfolio, cost structure.

Information

Key Information

Legal Entity

Luca Mining Corp

Sector

Precious Metal

Founded

August 8, 1996

Reporting Currency

CAD

Contact Phone

604-684-8071

Website

lucamining.com

Headquarters Address

1111 Melville Street , Vancouver , BC V6E 3V6 , CA

Identifiers

ISIN

CA54929M1068

Commodity Portfolio

AU Gold Primary

CU Copper Byproduct

PB Lead Byproduct

AG Silver Byproduct

ZN Zinc Byproduct

Stock Exchanges

LUCA TSXV • CAD

LUCA:CVE

LUCMF OTC • USD

LUCMF:OTCMKTS

Organization

Subscribe to see Organization

Management team and industry partnerships.

Chart

Loading chart...

Interactive chart powered by TradingView. Use the chart tools to analyze price trends.

Videos

Luca Mining – 2 Recent Acquisitions Transform The Company Across Its Production Profile & Valuation

The KE Report

4 days ago 27:40

Key Highlights

detailed

The CEO argues the Cozamin acquisition is transformational: Luca goes from roughly $50 million in annual free cash flow from its two existing mines to a potential $0.25 per share in free cash flow, trading at under three times free cash flow as of the October 2026 interview.
The deal structure is $290 million upfront plus $30 million deferred (payable 12 months after closing) and $60 million in contingent payments tied to copper above roughly $7.75 and $8.50, which the CEO says he would welcome paying because it would mean Cozamin is printing cash.
The CEO says Cozamin is an underground copper-silver mine about 1.5 times the size of Campo Morado, higher grade, one of the lowest-cost copper producers, with a marginal cost under $2 per pound against roughly $4-plus copper, and it becomes the new flagship asset when it closes on October 31, 2026.
On El Barqueño, acquired from Agnico Eagle for $10 million in shares plus milestone payments, the CEO describes a re-scoped underground gold-silver mine producing 50,000-75,000 ounces gold equivalent per year, buildable for a couple hundred million dollars, with drilling-permit reinstatement targeted within 12-18 months.
The CEO lays out catalysts through Q1 2027: Capstone's Q3 results on October 29, financing close freeing analysts to update models, a new Tahuehueto technical report by end of November, a Campo Morado technical report by year-end, and a new PEA for the El Barqueño underground opportunity.

Luca Mining's $290 million acquisition of the Cozamin copper-silver mine from Capstone Copper more than doubles near-term production and cash flow. Guest argues Cozamin's AISC (All-In Sustaining Cost — the full cost to produce a pound or ounce) is under $2, leaving several dollars of margin per pound of copper. A second deal buys Agnico Eagle's El Barqueño project in Jalisco for $10 million upfront, adding a low-risk gold-silver development asset. Blue-chip financiers including Wheaton, Macquarie, Taurus, National Bank and a 19.9% strategic investor back the transactions. Guest contends Luca trades near half fair value, with Cozamin cash flow from November 1 funding exploration, development and possible shareholder returns.

Beaver Creek 2026 - Best Stocks

Don Durrett

10 days ago 38:24

Key Highlights

brief

Durrett says Luca paid $350 million for a project acquired from what he believes was Pan American Silver, and that it got the asset cheaply.
He sold Luca last year, bought it back, has it on his best list this year, and now sees it as a growth company.

Gold at $4,100 anchors his buy-the-dip plan: add again below $4,000, and again below $3,700. His Beaver Creek list holds 37 stocks, all rated as tenbaggers (ten-times-plus targets), with seven winners out of ten as the goal. He grades risk-reward by letter and number; near-term producers screen best, while late-stage projects carry more risk. Discovery Silver and Osisko Gold Group lead his Canadian gold picks, and Silver X's 250 million ounce resource lifted the grade. Low insider ownership makes Andean Silver, Talisker and Avino the likeliest takeover targets on his list.

Dave Erfle - Gold & Gold Stocks: Beaver Creek Recap, Metals Technicals, Recent M&A

The KE Report

14 days ago 19:04

Key Highlights

brief

Luca Mining made two acquisitions around the Beaver Creek conference: the Cozumand mine from Capstone Copper and El Barquinho from Agnico Eagle.

Beaver Creek was record-busy and juniors arrived cashed up, increasingly choosing to build projects themselves rather than sell, reshaping takeover dynamics. Seniors have repaired balance sheets, paid down debt and paid dividends, so replacing depleted ounces through M&A becomes the logical next step. Artemis's takeover of Vista Gold values Mount Todd's 10.5 million in-ground ounces near $37 each, a take-under reflecting the deposit's hard-rock difficulty. Gold's pullback may extend toward $3,950-$4,000 support if inflation runs hot and hike odds build, with GDX 85 and GDXJ 110 gaps in play. Erfle screens explorers for district-scale land packages, serially successful management, and projects over 5 million ounces that could attract a major.

Brien Lundin - Gold Sector Rebound: Where’s The M&A, What Characteristics Actually Matter?

The KE Report

25 days ago 24:35

Key Highlights

brief

The guest says Luca Mining had a big acquisition announced the day of the interview, and that he loves the play and has bet on it.
The guest argues Javier and his team are busily trying to make the next mid-tier gold producer; the hosts expect the company on the show to detail the acquisition.

Widely expected Fed rate hikes can mark gold bottoms: shorts exit once the hike is a fait accompli, echoing the December 2015 low. Rising bond yields now signal repayment risk, not opportunity, an environment where both rate paths, hiking or cutting, ultimately support gold. M&A is slow because majors hoard cash and buy 9.9 to 19.9 percent strategic stakes instead, gaining optionality without paying full takeover premiums. Juniors now flatten the Lassonde Curve (the value dip during lengthy development), advancing straight into small, high-margin production to fund exploration without dilution. Premier takeover targets combine extraordinary economics, de-risked studies, and remaining exploration upside; featured names include 1911 Gold, Banyan, Delta, Gladiator, Luca, and Meridian.

Luca Mining – Q2 2026 Operations & Financials; Ongoing Exploration & Development Work At Both Mines

The KE Report

about 1 month ago 17:43

Key Highlights

detailed

The CEO argues the path to $10-15M per quarter of steady-state free cash flow is now in place, anchored by Tahoetto's ramp-up, the impending Empress Royalty silver-stream step-down, and Campo Morado recovery gains
Tahoetto mill throughput averaged over 1,100 tons per day in Q2 2026 versus the 1,000-tonne nameplate, with the CEO seeing potential to push the mill toward roughly 1,500 tons/day with modest capex and a cut-and-fill to long-haul mining shift
A Tahoetto resource update and new technical report are expected before end-2026; the CEO expects better-than-replacement depletion of the current roughly 6-million-tonne, ~500K-oz gold PEA base and meaningful conversion of resource into reserves
At Campo Morado, 75-80% of gold currently reports to tails; a three-part recovery plan — a 60,000-tonne blend stockpile, water treatment for acidic/pyritic ore, and finer grinding — will be detailed in a technical report due H2 2026
The Empress Royalty silver stream is more than halfway delivered (1.25M oz at 100%, ~30-35K oz/year currently); the CEO expects completion within roughly six quarters, after which the stream steps down to 20% of silver and adds ~$1.5-2M per month in incremental free cash

Luca's Q2 2026 revenue jumped 47% year-over-year to $58.4M as both producing mines lifted throughput and commodity prices strengthened. CEO Dan Barnholden targets $10 to $15M of quarterly free cash flow once the Empress silver stream steps down from 100% to 20% of silver. Tahuehueto mill throughput now averages more than 1,100 tons per day, above its 1,000-ton design capacity, with 1,500 tons per day as the next target. Campo Morado's three-part recovery plan, mill-feed blending, water treatment, and finer grinding, aims to recapture gold currently reporting to tailings. The CEO expects at least 1 million ounces of new discovery at Tahuehueto beyond the existing roughly 6 million-tonne, half-million-ounce PEA inventory.

Lab Report | Sep 8 Deep Dive on Luca, Power Metallic, Arizona, Sun Peak

CEO.CA

about 1 month ago 58:02

Key Highlights

detailed

New drilling at its mine in Durango cut 9.9 m of 5.39 g/t gold-equivalent (3.63 g/t gold, 70 g/t silver, 5.63% zinc) at the Cantor zone, the first drilling of that zone since 2008.
All 14 drill holes targeting the breccia zone 20-35 m below Level 20 of the Creston vein intersected the vein, confirming continuity and, per VP Exploration Paul Gray, supporting significant expansion potential beyond the current resource.
A second hole returned 6.2 m of 6.37 g/t gold-equivalent (3.68 g/t gold, 153 g/t silver, 0.91% copper, over 1% lead and over 1% zinc), including 1.1 m of 20 g/t gold-equivalent with 563 g/t silver.
The host argues the by-product metals do more than lift the gold-equivalent grade: at 3.63 g/t gold he calls it over $500-a-ton rock as of the Sep 8, 2026 show, with credits that can pay the cost of mining the gold.
The host likes the company a lot as a junior producer with a platform to grow into a mid-tier: at about C$311 million he plots it in the sweet spot of the Lassonde curve's right side, priced like a developer with a lot of blue sky plus exploration upside.

Drill programs at Luca Mining and Sun Peak Metals show systems that hang together and grow — continuity the host weights above headline grades. Power Metallic's maiden Lion zone resource — 85% indicated, 406 million pounds copper-equivalent — is likely understated because NI 43-101 rules favor low-grade deposits, the host argues. Rushing into resource estimation drops a junior into the Lassonde Curve's development discount window — the trade-off Power Metallic just accepted. Arizona Gold & Silver infill drilling hit 90 meters at 1.45 g/t (grams per tonne) gold at Philadelphia, and Evolution Mining's investment expanded drilling to 24 hours. Sun Peak drills VMS (volcanogenic massive sulfide — volcano-deposited metal lenses) in newly opened Saudi Arabia, with intercepts open at depth and clusters to test.

This Gold Mine Finally Started WorkingThumbnail: | West Red Lake Q2 2026 Earnings

The Deep Dive

about 1 month ago 15:16

West Red Lake's Madsen mine delivered its best restart quarter: production up 51%, AISC (All-In Sustaining Cost) down 30%, first positive free cash flow. A 10,768-ton surface stockpile holding 1,500 ounces signals mining rates have finally outpaced the mill at this Ontario operation. H1 output of 14,000 ounces is only 36% of midpoint guidance, so Q3 and Q4 must average 10,400+ ounces to hit the low end. WRLG still carries a 68% EV/EBITDA premium to peers and is the only one of five gold comparables in net debt. A pending pre-feasibility study combining Madsen and Rowan's high-grade 335,000-ounce resource is due mid-to-late September.

Javier Reyes, Head of Luca Mining Corp. | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media

5 months ago

Key Highlights

detailed

The guest says Luca has reached a financial turning point: debt is down from about $60 million to roughly $1-1.3 million and the company should be debt-free by the end of Q2 2026, with no equity raise since September 2024.
He reports Q1 2026 production of over 15,000 ounces of gold equivalent, mostly gold and silver with about 40% copper and zinc, and roughly $36 million of cash after adding another $10 million in the quarter.
For full-year 2025 he cites about $25 million in ending cash, over 60,000 ounces of gold equivalent produced, and more than 10,000 meters of exploration drilling.
He puts resources at close to 3 million ounces of gold equivalent at Campo Morado and close to 1 million at Tahuahuitl across all categories, supported by a planned $25 million exploration spend over the next few years.
The stated growth path is to reach roughly 100,000 ounces, then grow organically and inorganically toward 200,000 ounces, with the guest suggesting a quarter-million-ounce run rate could be possible before the end of 2026 if another fully permitted, socially challenged asset of at least 1 million ounces is added.

Luca Mining is now self-funding: it ended 2025 with roughly $25 million cash and cut debt from $60 million to about $1 million. The guest explains the model: buy fully permitted, underperforming Mexican assets cheaply, fix community and capital problems, then repeat the process. Its two Mexican operations hold close to 4 million combined gold-equivalent ounces (all metals valued as gold), with drilling at full speed on both. Q1 2026 added $10 million cash and over 15,000 gold-equivalent ounces; management targets 100,000, then 250,000 ounces via acquisitions. The guest argues Mexico is fast becoming a safer, top-ranked mining jurisdiction, and Luca is acquiring assets before that becomes widely recognized.

Luca Mining – FY2025/Q1 2026 Operations & Financials, Met Studies, New COO, Exploration Initiatives

The KE Report

6 months ago

Luca Mining achieved transformational growth in FY2025, with revenue surging 103% to $176.8 million and Adjusted EBITDA increasing 226% to $46 million. The company appointed a new COO and initiated a Campo Morado expansion study to drive long-term production reliability and operational optimization. With near-zero debt and a growing $36.4 million cash position, Luca is well-funded for its expanded 2026 exploration and development programs.

'Never Been More Bullish' - 'Unbelievably CHEAP' Gold & Silver Stocks Set to Rip

Commodity Culture

6 months ago

John Feneck and Don Durrett see massive undervaluation in gold and silver stocks, describing them as unbelievably cheap and set to rip higher. The experts open up their portfolios to reveal top stock picks in the precious metals sector they believe are currently on sale. Discussion covers the macro backdrop for precious metals, geopolitical risks like the Iran war, and specific gold and silver stocks to watch.

Luca Mining – Review Of Q4 Operations, Met Studies, & Expanded Exploration Programs Moving Into 2026

The KE Report

9 months ago

Luca Mining reports on Q4 operational performance with updates on production metrics and cost management at their Mexican precious metals assets. Metallurgical studies advancing to optimize processing recoveries and support potential production expansion decisions moving forward. Exploration programs significantly expanded into 2026 targeting resource growth and new discoveries across company's land package.

Articles

Sort

Luca Mining drills 9.9 m at 5.39 g/t gold equivalent as Lab Report argues the market still prices it like a developer

On CEO.CA's Lab Report (Sep 8, 2026), the host covers Luca Mining's latest Tahuehueto drill results in Durango, Mexico — headlined by 9.9 m of 5.39 g/t gold equivalent at the Cantor Zone, the first drilling there since 2008 — and argues all 14 holes below level 20 confirm a system that hangs together and keeps growing. He plots Luca near C$311 million and sees it priced like a developer, with a path to grow into a mid-tier.

about 1 month ago

Lab Report | Sep 8 Deep Dive on Luca, Power Metallic, Arizona, Sun Peak

Read article

Want the full picture on more companies?

Explore the Companies Directory Start free

Be one of the first.

A room for resource investors taking shape now — independent, spam-free, no hype.

Join the founding community on Discord