Dan Barnholden, CEO of Luca Mining, shares key updates on the company’s strategic shift toward gold while continuing to generate strong cash flow from its base metals operations. He highlights promising drill results from the Campo Morado site, including high-grade gold intercepts from the La Reforma zone—drilled from surface for the first time since 2010. The company targets to double both gold grades and recoveries, with the potential to quadruple gold revenue by 2027. Luca also strengthens its balance sheet, reducing debt from over $18 million to under $8 million and holding around $25 million in cash. Barnholden points to multiple near-term catalysts: ongoing drilling, metallurgical studies, and tailings reprocessing, that aim to unlock significant additional value.
Luca Mining Website & Stock Ticker:
https://lucamining.com
TSX-V: LUCA
INTERVIEW TIMELINE:
0:00 Intro
0:45 Increasing new focus on gold
11:45 Becoming debt-free
13:45 Natural resource market
16:41 Final thoughts
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