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- Canada’s Luca Mining (TSXV:LUCA:CA) Monday reported Q1 production of 14,148 troy oz of gold equivalent as the company’s Tahuehueto gold and silver mine ramps up towards its 1,000 ton per day commercial production target.
- The Tahuehueto gold and silver mine in Durango state, produced approximately 3,657 troy oz of gold equivalent comprised of 43 tonnes of copper, 468 tonnes of zinc, 2,368 troy ounces of gold, 27,396 troy ounces of silver and 251 tonnes of lead in Q1, an increase of 18% from Q4 2023.
- Furthermore, the company said, it will not be able to provide guidance on certain metrics for Tahuehueto such as “All In Sustaining Costs”, until commercial production is achieved.
- Luca Mining (LUCA:CA) said it does not expect to report consistent, stable results until commercial production is achieved at Tahuehueto, which is expected by H2 2024.
- Source: Press Release
