(Luca Mining, 6.Aug.2024) — Luca Mining Corp. has engaged Cominvi, S.A. de C.V. to carry out core mining operations at the Company’s 100% owned Campo Morado copper-zinc-gold mine located in the state of Guerrero in southwestern Mexico.
Cominvi is one of the largest and most respected mining contractors in Latin America with a particular expertise in underground mining. They have a well-earned reputation for delivering excellent results with the highest degree of safety and responsibility.
Working with Cominvi will allow Luca to quickly increase production at Campo Morado and will provide cost effective access to newer mining equipment for the Company’s ongoing operations. The addition of Cominvi to our operations team will help ensure that Campo Morado can meet and exceed its daily production targets and will provide a rapid path to further increases in production and revenues without incurring significant capital expenditures.
Dan Barnholden, CEO, commented, “I am very pleased to have Cominvi join our team at Campo Morado. They bring incredible expertise and experience and will greatly enhance our operational flexibility. The timing of this decision is fortuitous as Cominvi has just completed a major mining project nearby and therefore, mobilization will occur very quick. We intend to increase our mill throughput from the current 1,400-1,600 tonnes per day (“tpd”) to 2,000 tpd by year end and continue to push forward to 2,400 tpd mill rate during 2025. These achievements, along with the Company’s previously announced Campo Morado Improvement Project to increase metallurgical recoveries and produce higher value concentrates, will have a material positive impact on the Company’s production, costs and cash flow. Cominvi’s seasoned team will be an important factor in the execution of these plans.”
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