![]() Recoveries of all key metals were within 5% of plan, and the lead concentrate, to which the majority of gold and silver report, achieved an average content of 51.2 g/t Au and 648.5 g/t Ag. Recent production ( June 2023 to date) grades have averaged 2.47 g/t Au, 31.2 g/t Ag, 1.23% Pb, and 2.92% Zn. The strong support received from new and existing shareholders is a testament to the dedication of the Luca Mining team."ฤก Economic analysis based on following metal prices: gold US$ 1,650/oz silver US$ 21.02/oz, lead US$ 0.91/lb and zinc US$ 1.15/lb "These significant accomplishments underline the trust and confidence investors have placed in the Company, our new team, and our ambitions for growth. This accomplishment, particularly under current market conditions, is the result of tremendous efforts by our core team and key stakeholders." "In addition to this significant operational milestone, Luca is proud to announce the successful completion of its funding round, raising an impressive CAD$24.9 million. This underpins our strategy of operating two profitable mines and laying a solid foundation for growth, ultimately leading to an exceptional performance in 2024." But our focus on delivering Tahuehueto for all our stakeholders continues, as we push towards the ultimate goal of commercial production at 1,000 tpd by year-end. This achievement is a testament to the dedication and collaborative efforts of our site teams, contractors, management, and staff. Mike Struthers, CEO, commented, "We are delighted to have accomplished our goal of reaching 500 tpd at Tahuehueto. Funded to achieve commercial production of 1,000 tpd, scheduled for year-end 2023. ![]() Tahuehueto Gold Project achieves 500 tpd production milestone, on schedule and budget. ![]()
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