LUCA MINING CORP. REPORTS THIRD QUARTER 2025 RESULTS

Core Insights - Luca Mining Corp reported significant year-over-year growth in production and revenue for Q3 2025, with a positive net free cash flow of $5.3 million for the first nine months of the year, despite heavy investments in development and exploration [1][2][4] Financial Performance - Revenue for Q3 2025 reached $35.0 million, reflecting a 94% increase compared to the prior year, driven by higher sales volumes and increased precious metal prices (gold +28%, silver +18%) [3][4] - Adjusted EBITDA for the quarter was $4.3 million, with year-to-date adjusted net earnings of $12.8 million, indicating improved operational performance [3][4] Production Highlights - Consolidated tonnes milled increased to 250,807, a 66% rise from the previous year, with notable production increases in gold (51%), silver (97%), zinc (78%), lead (81%), and copper (43%) [3][4] - Campo Morado produced approximately 30.2 million zinc-equivalent pounds, a 75% year-over-year increase, with cash costs decreasing to $1.09 per payable ZnEq pound, a 14% reduction [6][7] - Tahuehueto achieved a record of 969 tonnes milled per day, with total gold-equivalent production up 74% year-over-year [10][12] Development and Exploration - The company invested $8.7 million in sustaining capital during the quarter, totaling $19.0 million year-to-date, to enhance underground development and exploration drilling [3][4] - A major three-year exploration program worth $25 million has been committed, aimed at unlocking new gold resources at both Campo Morado and Tahuehueto [4][18] Future Outlook - The company anticipates entering higher-grade areas in both mines, which is expected to drive increased production, improved recoveries, and lower unit costs through year-end [16][18] - Full-year net free cash flow is now expected to be between $5 million and $10 million, revised down from initial estimates due to additional capital investments and lower-than-expected output [18]