Tahuehueto approaches final commissioning: Luca Mining

Canadian-based, Mexico-focused Luca Mining said testing of the final equipment to complete construction of its Tahuehueto underground gold mine is almost finished. 

In the crushing circuit, a new vibrating screen is currently being installed, to further improve crusher system availability. Additionally, final alignment and testing of the second 750-tonnes-per-day ball mill will be completed this month, providing an installed grinding capacity of 1,250 t/d. Production will then progressively ramp-up to 35,000-40,000 ounces of gold equivalent per year.

Photo: Luca Mining

“The next few months will feature the achievement of a number of significant milestones that shareholders have been looking forward to since we completed our major financing and reorganization mid-2023,” said CEO Mike Struthers. 

“In particular, Luca will bring a brand-new gold mine into commercial production and with the mine optimization plan being implemented at Campo Morado we have already experienced significant cash flow improvements, which we intend to publicize on a regular basis.”

Separately, the miner announced Peter Damouni as a new director. He has more than 20 years of corporate and investment banking experience with a focus on the natural resource sector.

Tahuehueto is located in the northwest portion of the state of Durango. The 7,492-hectare property covers at least 12 mineralized zones with measured and indicated resources of 424,000 oz. of gold, 9.5 million oz. of silver, and 535,000 oz. of gold equivalent. 

Source: Luca Mining

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