Luca’s Tahuehueto Gold Mine Project is in north-western Durango State, Mexico where construction of an initial 500 tonnes per day (“tpd”) operation has been achieved. The second stage, the 1000 tpd project, is now commencing. The operation is generating gold, silver, lead, and zinc in concentrates.
The Company is very pleased to hit this critical first production goal of 500 tpd at Tahuehueto, as planned, by June 30th, 2023. With an installed capacity of 500 tpd the mine is expected to generate positive cash flow at current metal prices.
This is the first of two major milestones for Tahuehueto construction. Commercial production will be achieved when a capacity of 1,000 tpd is completed by end 2023. |