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Luca Mining Corp (LUCA) Financings

TSXV: LUCA · Gold, Copper, Zinc · Production stage

Luca Mining (TSX-V: LUCA, OTCQX: LUCMF, Frankfurt: Z68) is a diversified Canadian mining company with two 100%-owned producing mines within the prolific Sierra Madre mineralized belt in Mexico which hosts numerous producing and historical mines along its trend. The Company produces gold, copper, zinc, silver and lead from these mines that each have considerable development and resource upside. The Campo Morado polymetallic VMS mine is an underground operation located in Guerrero State within a 121 square kilometer land package. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimization program which is already generating significant improvements in recoveries, grades, efficiencies, and cashflows. The Tahuehueto Mine is a large property of over 100 square kilometres in Durango State. The project hosts epithermal gold and silver vein-style mineralization. Tahuehueto is a newly constructed underground mining operation producing primarily gold and silver. The Company has successfully commissioned its mill and is now in commercial production.

Luca Mining Corp financial statements

Key figures read from 39 of 39 financial statement filings, Oct 31, 2016 to Aug 17, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

Dec 2025Dec 2024Dec 2023Jan 2023Dec 2022
Cash and equivalentsUS$25,515US$10,207C$2,722US$850C$1,152
Short-term investments————C$0
Total current assetsUS$60,061US$30,961C$24,225US$20,595C$27,894
Total current liabilitiesUS$70,607US$51,929C$74,941US$55,129C$74,169
Working capital(US$10,546)(US$20,968)(C$50,716)(US$34,534)(C$46,275)
Exploration and evaluation assetsUS$78,051US$59,427C$64,078US$41,222C$92,696
Property, plant and equipmentUS$45,250US$44,544C$54,983US$34,972—
Total assetsUS$184,110US$134,974C$147,056US$98,731C$133,203
DebtUS$3,295US$17,037C$31,105US$31,180C$38,547
Total liabilitiesUS$125,311US$87,290C$92,179US$77,775C$104,840
Shareholders' equityUS$58,799US$47,684C$54,877US$20,956C$28,363

Income statement: annual key figures

in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
RevenueUS$176,824US$104,092C$101,260C$59,208C$69,684
Cost of salesUS$128,075US$63,404C$66,806C$56,201C$35,428
General and administrativeUS$13,682US$7,548C$9,021C$4,211C$4,621
Share-based compensationUS$3,399US$2,192C$1,584C$230C$2,018
Impairments and write-downs———C$0(C$16,340)
Net income (loss)(US$21,050)(US$10,423)(C$14,996)C$2,395C$36,265

Cash flow statement: annual key figures

in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flowUS$37,486US$6,668(C$641)C$1,989C$4,071
Investing cash flow(US$27,270)(US$5,476)(C$12,788)(C$11,881)(C$17,988)
Financing cash flowUS$4,680US$7,579C$13,717C$7,620C$16,982
Exploration spending (capitalized)(US$18,972)(US$1,012)(C$1,317)(C$3,787)—
Property, plant and equipment spending(US$8,298)(US$4,464)(C$11,471)(C$9,387)(C$12,591)
Change in cashUS$15,308US$8,149C$1,570(C$1,897)C$2,792
Cash at end of periodUS$25,515US$10,207C$2,722C$1,152C$3,049

Luca Mining Corp financings

4 financings announced or closed by Luca Mining Corp, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-28Luca Mining Corp (LUCA)Private placement, bought dealClosed, 1 tranche$211.0M$1.00LUCA Mining Announces Binding Equity Commitment from Goldgroup Mining Inc.
2025-01-07Luca Mining Corp (LUCA)Convertible debentureAnnouncedUS$4.4M—LUCA Buys Back Convertible Debenture Total Corporate Debt Reduced by 39%
2024-09-23Luca Mining Corp (LUCA)LIFE offering, non-brokeredClosed, 1 tranche$11.3M$0.450LUCA Announces Total Combined Proceeds of LIFE Offering and Private Placement Now C$11.3M Due to Increase of Non-Brokered Private Placement to C$2.576 m.
2023-12-06Luca Mining Corp (LUCA)Private placement, non-brokeredClosed, 1 tranche$2.0M$0.350Luca Mining Closes CAD $2 Million Private Placement

Luca Mining Corp debt and credit facilities

Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Luca Mining Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.

DateDebtLenderAmountTerms
2025-01-07Convertible debenture, repaid / settledTrafiguraUS$5.8M—
2024-11-05Convertible note / loan, repaid / settledTrafiguraUS$18.1M0%
2024-01-19Loan, repaid / settledTrafiguraUS$5.8M0%
2023-06-05Loan, repaid / settled—C$20.76M—
2023-03-02Loan, repaid / settled—C$9.44M—
2021-12-29Loan, closed / fundedSail Natural Resources LPUS$5M13.5%
2021-07-22Loan, signedAccendo Banco S.AUS$12M13.5%
2021-04-23Loan, amendedEstrategica CorpUS$3.1M10%
2020-06-18Loan, terminatedTrafiguraC$300,000matures 2021-06-30
2019-09-04Credit facility, signedInternationalUS$12M12.5%
2018-11-27Loan, signedNyrstar CanadaUS$6.5M10%
2017-09-18Loan, closed / fundedTrafiguraUS$5Mmatures 2020-09

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