202628 releases
Luca Intersects 19 Metres of 6.3 g/t Gold Equivalent from the Creston Vein at Tahuehueto Mine
Luca Mining reported new 2026 exploration assays from its Tahuehueto gold-silver mine in Durango, Mexico, led by 18.7 metres of 6.28 g/t gold equivalent at the Creston Vein in hole TRT26-15, which the company said was wider and higher-grade than previously anticipated and lies in an area scheduled for mining in H1 2027. Additional results were reported from the Catorce Block and Santiago vein.
Drill resultsLUCA MINING COMPLETES C$211 MILLION SUBSCRIPTION RECEIPT FINANCINGS IN CONNECTION WITH THE PROPOSED ACQUISITION OF CAPSTONE COPPER’S COZAMIN MINE
A bought deal private placement of 155,000,000 subscription receipts at C$1.00 each closed for gross proceeds of C$155,000,000, alongside a concurrent non-brokered placement to Wheaton Precious Metals (35,227,250 receipts) and Taurus Mining Finance Fund No. 3 (21,136,350 receipts) for C$56,363,600. Proceeds will partly fund the cash consideration for the $290 million upfront acquisition of Capstone Copper's Cozamin Mine in Zacatecas, Mexico. Goldgroup Mining acquired 101,123,662 receipts and gained two board nomination rights; escrow release deadline is February 28, 2027.
FinancingLUCA REPORTS Q3 2026 PRODUCTION RESULTS
Consolidated payable production for the three months ended September 30, 2026 totalled 4,304 oz gold, 248,365 oz silver, 530k lbs lead, 7,455k lbs zinc and 1,648k lbs copper from the Campo Morado and Tahuehueto mines in Mexico. Campo Morado gold, silver and zinc rose quarter-over-quarter on higher grades and recoveries, while Tahuehueto grades fell on reduced access to higher-grade stopes. Cash was approximately $19.1 million at September 30, 2026, versus $24.7 million at June 30, 2026. Drilling totalled approximately 12,100 metres in the quarter.
CorporateLUCA MINING ANNOUNCES BINDING EQUITY COMMITMENT FROM GOLDGROUP MINING INC.
Goldgroup Mining Inc. has entered a binding commitment to participate in Luca's previously announced $110 million bought deal private placement of subscription receipts for gross proceeds of US$75 million, or an amount representing a 19.9% non-diluted ownership interest in Luca pro forma the Cozamin Mine acquisition; the commitment replaces a $75 million equity backstop previously provided by Trafigura Pte Ltd. Goldgroup will receive the right to nominate two directors plus participation and anti-dilution rights while holding at least 10%. Closing requires TSX Venture Exchange approval.
FinancingLUCA MINING ANNOUNCES ACQUISITION OF THE COZAMIN MINE, CREATING A LEADING POLYMETALLIC PRODUCER
A definitive share purchase agreement dated September 21, 2026 will see Luca acquire 100% of Capstone Copper's Cozamin copper-silver mine in Zacatecas, Mexico for $290 million upfront ($275 million cash plus $15 million in shares) and up to $95 million in deferred and copper-price contingent consideration, with closing expected in Q4 2026. Funding comes from a $300 million package: a C$155 million bought deal, C$56 million concurrent placement, $125 million loan facility and $25 million Wheaton silver stream.
AcquisitionLuca Announces Agreement to Acquire El Barqueño from Agnico Eagle
A definitive asset purchase agreement dated September 17, 2026 will see Luca Mining acquire 100% of the 32,000-hectare El Barqueño property in Jalisco, Mexico from Agnico Eagle for $10 million in Luca shares on closing, up to $30 million in milestone-linked contingent payments, up to $20 million in production milestone payments, and a 2.0% NSR on defined resource areas, half repurchasable for $12.5 million. Closing is expected in Q4 2026, subject to Mexican competition and TSXV approvals. A historical (2025) estimate reports 399,265 oz AuEq indicated at 1.47 g/t and 650,046 oz AuEq inferred at 1.43 g/t.
AcquisitionLuca Intersects 9.9 Metres of 5.39 g/t Gold Equivalent from the Catorce Zone at Tahuehueto Mine
New assay results from the 2026 drill program at the Tahuehueto gold-silver mine in Durango, Mexico include the first surface hole at the Catorce Zone since 2008, DDH26-RCE-01, returning 9.9 m of 5.39 g/t AuEq from 199.5 m, including 1.0 m of 27.56 g/t AuEq. Creston Vein intercepts include 6.2 m of 6.37 g/t AuEq in DDH26-248 and 3.4 m of 4.77 g/t AuEq in DDH26-249; all 14 holes below Level 20 hit the vein. Perdido hole TRT26-07 returned 0.9 m of 7.60 g/t AuEq.
Drill resultsLuca Mining Corp. Reports $10.5 Million of Net Earnings in Q2
Q2 2026 revenue rose 47% to $58.4 million from $39.7 million a year earlier, with net earnings of $10.5 million ($0.04 per share) versus a $3.2 million loss, adjusted net earnings of $6.9 million and Adjusted EBITDA of $14.3 million. First-half revenue was $116.0 million with net earnings of $23.1 million and a cash balance of $24.7 million at June 30, 2026. Campo Morado (Guerrero) produced 32.3 million ZnEq pounds; Tahuehueto (Durango) averaged 1,115 tonnes milled per operating day.
CorporateLuca Intersects 184 Metres of 1.2 g/t Gold, 72 g/t Silver, 0.4% Copper, 0.5% Lead and 1.7% Zinc at the Largo Norte Zone, Campo Morado Mine
Underground drillhole CMUG-26-50 at the Largo Norte zone of the Campo Morado polymetallic VMS mine in Guerrero State, Mexico returned 183.7 m of 1.18 g/t Au, 72.42 g/t Ag, 0.39% Cu, 0.45% Pb and 1.67% Zn from 3.6 m, including 18.3 m of 2.64 g/t Au, 152.34 g/t Ag, 0.53% Cu, 1.05% Pb and 2.52% Zn. At the unmined Naranjo zone, CMUG-26-46 cut 90.6 m of 0.99 g/t Au, 40.07 g/t Ag, 0.94% Cu, 0.18% Pb and 0.73% Zn from 0.0 m, and surface hole CMNJ-26-02 cut 9.6 m of 4.05 g/t Au, 241.09 g/t Ag from 175.3 m. Luca also granted 1,725,000 options at C$1.00 and 1,962,500 RSUs.
Drill resultsLuca Reports Q2 2026 Production Results
Consolidated payable production for the three months ended June 30, 2026 was 5,373 oz gold, 267,404 oz silver, 656k lbs lead, 6,347k lbs zinc and 1,963k lbs copper from the Campo Morado and Tahuehueto mines in Mexico. Cash was approximately $24.7 million at June 30, 2026, down from $36.4 million at March 31, 2026, with remaining debt of about $1.4 million to be repaid in July 2026. The quarter included approximately 12,400 metres of drilling.
CorporateLuca Intersects 4.7 Metres of 6.7 g/t Gold Equivalent at Tahuehueto Mine – A New High-Grade Breccia Zone Discovery
Drilling at the Tahuehueto gold-silver mine in Durango, Mexico returned 4.7 m of 6.73 g/t AuEq (3.35 g/t Au, 109.05 g/t Ag, 0.68% Cu, 0.20% Pb, 12.06% Zn) in hole DDH26-246, including 0.6 m of 14.80 g/t AuEq, within a broader 22.0 m of 3.61 g/t AuEq. Other intercepts included 2.8 m of 6.90 g/t AuEq in DDH26-245, 1.2 m of 10.37 g/t AuEq in DDH26-242, 4.5 m of 4.21 g/t AuEq in DDH26-SU-14 and 1.7 m of 13.27 g/t AuEq in TRT26-06. Luca has completed 54 underground holes for 10,426 m and 25 surface holes for 4,599 m.
Drill resultsLuca intersects 28.4 metres of 2.3 g/t Gold, 135 g/t Silver, 0.6% Copper, 1% lead and 3.7% Zinc at the EL Rey Zone, Campo Morado Mine
Surface drillhole CMRY-26-10 at the El Rey zone of the Campo Morado polymetallic VMS mine in Guerrero State, Mexico returned 28.4 m of 2.28 g/t Au, 134.89 g/t Ag, 0.57% Cu, 0.95% Pb and 3.69% Zn from 104.2 m, including 9.7 m of 4.09 g/t Au, 208.99 g/t Ag, 0.74% Cu, 1.33% Pb and 5.05% Zn. In the unmined Naranjo zone, CMUG-26-44 cut 19.6 m of 2.78 g/t Au, 103.12 g/t Ag, 0.52% Cu, 0.67% Pb and 2.75% Zn from 40.5 m. Drilling totals 12,035 m underground in 52 holes and 16,535 m from 68 surface holes.
Drill resultsLuca Provides Operations and Corporate Update
Campo Morado in Guerrero State held a surface stockpile of approximately 63,000 tonnes of mineralized material as at May 31, 2026, up from less than 12,000 tonnes at December 31, 2025, with mill throughput averaging about 1,900 tpd in April–May. At Tahuehueto in Durango State, milling rates averaged over 1,050 tpd in April and May, more than a 5% increase over the first quarter of 2026. Chief Technical Officer Ramón Mendoza and VP Metallurgy and Process Engineering Dr. Jose Hernandez have departed.
CorporateLuca Mining Corp. Reports Strong First Quarter 2026 Results
Q1 2026 revenue rose 40% to $57.6 million, with net earnings of $12.6 million (versus $4.5 million in Q1 2025), Adjusted EBITDA of $25.4 million and operating cash flow of $21.6 million; cash increased $10.8 million to $36.4 million and sustaining and exploration capital spending totalled $10.9 million. Campo Morado in Guerrero produced 37.3 million zinc-equivalent pounds at AISC of $1.19/lb, while Tahuehueto in Durango milled 79,203 tonnes, produced 3,503 gold ounces and 96,651 silver ounces at AISC of $3,321/oz and began copper concentrate production.
CorporateLuca Announces Intention To Launch Normal Course Issuer Bid
A normal course issuer bid will allow the repurchase and cancellation of up to 13,750,000 common shares, about 5% of the current issued and outstanding shares. The NCIB is expected to commence May 21, 2026 and terminate May 20, 2027, or earlier if the maximum is reached, with purchases made through the TSX Venture Exchange and other Canadian markets via Stifel Nicolaus Canada Inc. Luca operates the Campo Morado mine in Guerrero State and the Tahuehueto mine in Durango State, Mexico.
CorporateLuca Intersects 6.8 Metres of 5.5 g/t Gold Equivalent at Tahuehueto Mine – Further Expanding High-Grade Mineralization Proximal to Existing Workings
Drilling at the Tahuehueto gold-silver mine in Durango, Mexico returned 6.8 m of 5.54 g/t AuEq (including 1.0 m of 22.35 g/t AuEq) in surface hole DDH26-SU-07 on the Creston Vein, plus 4.5 m of 4.50 g/t AuEq in DDH26-SU-04 and 3.3 m of 3.04 g/t AuEq in El Rey hole DDH26-239. Continuity was confirmed 10 to 70 m below Level 23. Luca plans an additional $2.4 million of exploration at Tahuehueto over the balance of the year, with three rigs on site.
Drill resultsLuca intersects 118 metres of 2.5 g/t Gold, 78.0 g/t Silver, 0.8% Copper, 0.6% Pb and 2.0% Zinc at Largo Norte Zone, Campo Morado Mine
Underground drilling at the Largo Norte zone of the Campo Morado polymetallic VMS mine in Guerrero State, Mexico returned 118.2 m of 2.53 g/t Au, 77.89 g/t Ag, 0.76% Cu, 0.57% Pb and 1.99% Zn from 179.9 m in hole CMUG-26-38, and 100.7 m of 2.80 g/t Au, 90.72 g/t Ag, 0.59% Cu, 0.71% Pb and 2.59% Zn from 113.0 m in CMUG-26-39. Hole CMUG-26-41 cut 71.0 m of 1.57 g/t Au, 20.12 g/t Ag and 0.72% Cu from 113.5 m, entirely outside the Largo Norte resource. Two surface rigs and one underground rig continue drilling.
Drill resultsLuca Reports Robust Q1 Production Results and Materially Strengthens Balance Sheet
Cash increased to approximately $36.4 million as at March 31, 2026, from $25.5 million at year-end 2025, driven by operating cash flow plus about $2.1 million from warrant and option exercises and roughly $3.6 million in net realized gains on silver call options. Debt stands at approximately $1.4 million and is expected to be fully repaid by mid-2026. Luca drilled about 10,058 metres in Q1 2026 on near-mine and resource expansion targets, and expects a Campo Morado Expansion technical report in the second half of 2026.
CorporateLuca Mining Corp. Reports Record Annual Results for 2025 and Exceeds Revised Production Guidance
Annual revenue for 2025 rose 103% to $176.8 million from $87.2 million, with Adjusted EBITDA up 226% to $46.0 million and net free cash flow before working capital of $20.8 million, including $15.5 million in Q4; a net loss of $21.1 million was reported, driven mainly by a $38.9 million non-cash fair value change on silver stream derivative liabilities. Cash rose to $25.5 million and loans payable fell over 80% to $3.3 million. Tonnes milled increased 51% to 1.01 million across Campo Morado (Guerrero) and Tahuehueto (Durango), meeting revised guidance for all metals.
CorporateLuca Strengthens Technical Leadership with Appointment of COO and Builds Team to Execute on Mine Optimizations
Nick Shakesby has been appointed Chief Operating Officer of Luca Mining effective April 1, 2026, joining from COMINVI S.A. where he was CEO since 2023. Ramón Mendoza moves from COO/CTO to a dedicated CTO role leading the Campo Morado Expansion, and Dr. Jose Hernandez joined as Vice President, Metallurgy and Process Engineering effective March 1, 2026. The Campo Morado Expansion, mine plan and Mineral Reserve estimate will be filed in an NI 43-101 report expected in the second half of 2026. Luca also granted 300,000 stock options to officers at C$1.97, expiring five years from issuance.
ManagementLuca Intersects 7.6 Metres of 16.1 g/t Gold at Tahuehueto Mine – Expanding High-Grade Mineralization Near Existing Workings
Surface drilling at the Tahuehueto gold-silver mine in Durango, Mexico returned 7.6 m of 16.08 g/t AuEq (14.27 g/t Au, 46.64 g/t Ag, 0.33% Cu, 2.57% Pb, 1.19% Zn) from 80.9 m in hole DDH26-SU-01 and 13.2 m of 7.11 g/t AuEq in DDH26-SU-03, including 5.4 m of 16.00 g/t AuEq, targeting a zone about 30 m below Level 23 workings. To date 28 underground holes for 6,750 m and 19 surface holes for 3,650 m are complete. The board approved a 40% ($1 million) budget increase, taking the 2026 Tahuehueto drill budget to $3.5 million.
Drill resultsLuca Advances Study to Optimize Campo Morado and Increase Gold and Silver Production
Luca Mining's board has approved a mill optimization and expansion study and mine plan update for the Campo Morado mine in Guerrero State, Mexico, to be delivered as an NI 43-101 technical report in the second half of 2026. Ausenco PTY Ltd. will lead the two-phase study: Phase 1 covers a bulk sulphide flotation flowsheet with ultra-fine grinding to an 8-10 micron target, and Phase 2 evaluates recovering gold and silver to doré from a pyrite concentrate. The updated life of mine plan and Mineral Reserve statement are expected to include the unmined Reforma and El Rey deposits.
Study resultsLuca intersects 136 metres of 1.6 g/t Gold, 77 g/t Silver, 0.9% copper and 1.6% zinc at Largo Norte Zone, Campo Morado Mine
Underground drillhole CMUG-25-36 at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico cut 135.7 m of 1.58 g/t Au, 77.10 g/t Ag, 0.88% Cu, 0.40% Pb and 1.61% Zn from 87.7 m, including 16.0 m of 3.20 g/t Au, 191.84 g/t Ag, 0.99% Cu, 1.29% Pb and 5.03% Zn, extending the Largo Norte Zone about 20 m. CMUG-25-33 returned 14.3 m of 1.50 g/t Au, 75.81 g/t Ag, 1.01% Cu, 0.46% Pb and 2.81% Zn in the Fish Zone. Follow-up drilling at Largo Norte has commenced.
Drill resultsLuca Drills 28.6 Metres of 5.35 g/t AuEq at the El Rey Deposit at Campo Morado
Phase 2 surface drilling at the El Rey deposit at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico — the first drilling there in over 14 years — returned 28.6 m of 5.35 g/t AuEq from 229.7 m, including 2.8 m of 12.55 g/t AuEq (CMRY-25-02), and 21.0 m of 6.13 g/t AuEq, including 2.2 m of 25.38 g/t AuEq (CMRY-25-06). Hole CMRY-25-05 extended mineralization more than 30 metres beyond the previously modelled boundary. Roughly 8,200 m of surface and 8,700 m of underground drilling have been completed.
Drill resultsLuca Mining Corp. Named to 2026 OTCQX Best 50
Luca Mining has been named to the 2026 OTCQX Best 50, a ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on 2025 performance. The ranking is calculated using an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Luca trades as TSX-V: LUCA, OTCQX: LUCMF and Frankfurt: Z68, and operates two producing mines in Mexico.
CorporateLuca Mining Corp. Achieves Full-Year 2025 Production Guidance and Materially Strengthens Balance Sheet
Full-year 2025 payable production at Luca's two Mexican mines met or exceeded revised guidance, with consolidated payable output of 21,456 oz gold, 1,016,772 oz silver, 32,880 tonnes zinc, 7,038 tonnes copper and 3,370 tonnes lead from Campo Morado and Tahuehueto. Cash rose to approximately $25.5 million at December 31, 2025 from $15.9 million at the end of Q3 and $10.2 million a year earlier, while $10.1 million of debt was repaid, leaving $2.5 million outstanding. Full-year exploration totalled about 22,855 metres for roughly $3.8 million.
CorporateLUCA DRILLS 55.8 METRES OF 5.90 G/T AUEQ AT CAMPO MORADO - CONFIRMS NEAR-MINE HIGH-GRADE MINERALIZATION AND EXPANDS EXPLORATION PROGRAM
Surface drilling at the Reforma Deposit at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico returned 55.8 m of 5.90 g/t AuEq in hole CMRF25-15, including 7.7 m of 10.09 g/t AuEq, and 25.1 m of 8.31 g/t AuEq in CMRF25-13, including 4.9 m of 11.32 g/t AuEq. Underground hole CMUG-25-25 cut 4.0 m of 1.04% Cu about 60 m from existing workings. A second surface rig was mobilized in December; 7,218 m of surface and 8,440 m of underground drilling are complete.
Drill results
20253 releases
Luca Intersects 2.4 Metres of 12.2 g/t Gold at Santiago Deposit - Tahuehueto Mine High Grade Gold Mineralization Extended by Over 100 Metres Along Strike
Drilling at the Santiago Deposit at the Tahuehueto gold-silver mine in Durango, Mexico returned 2.4 m of 12.2 g/t gold (14.76 g/t AuEq) from 188.0 m in DDH25-SGO-008, about 80 m west of the previous resource boundary, while DDH25-SGO-009 cut 3.2 m of 2.17 g/t gold from 259.9 m, together extending the deposit's strike length by over 100 m. Other holes returned 5.7 m of 6.10 g/t gold and 6.7 m of 3.76 g/t gold. Underground drilling at Creston returned 5.3 m of 2.23 g/t AuEq, with 26 underground holes totalling over 6,200 m completed.
Drill resultsLuca Mining Corp. Reports Third Quarter 2025 Results
Q3 2025 revenue reached $35.0 million, up 94% year-over-year, with adjusted EBITDA of $4.3 million, consolidated tonnes milled of 250,807 (+66%), and year-to-date net free cash flow before working capital of $5.3 million. Campo Morado in Guerrero milled 173,260 tonnes at cash costs of $1.09 per payable ZnEq pound and AISC of $1.43/lb; Tahuehueto in Durango milled 77,548 tonnes, producing 5,579 AuEq ounces. Full-year net free cash flow guidance was cut to $5–10 million from $30–40 million, and 2025 capital spending raised to $29.4 million.
CorporateLuca Launches Three-Year, US$25 Million Exploration Program to Unlock Exceptional Gold Potential at Campo Morado and Tahuehueto
A three-year, US$25 million exploration program has been launched across the wholly owned Campo Morado (Guerrero) and Tahuehueto (Durango) mines in Mexico, comprising 80,000 metres of surface and underground diamond drilling, with US$6.5 million and 20,000 metres budgeted for 2026 and US$18.5 million for 60,000 metres over 2027–2028. Drilling will test 38 priority targets at Campo Morado, including Reforma Deeps, and extensions of the Crestón, Perdido and Santiago structures at Tahuehueto. VRIFY's DORA AI platform will analyse over 650,000 metres of historical drilling data.
Drill results