Core Insights - Luca Mining Corp. reported strong financial results for Q1 2025, with net earnings of $4.5 million, EBITDA of $7.6 million, and free cash flow of $11.7 million before working capital adjustments [1][2]. Financial Performance - The company achieved record revenues of over $47.4 million, representing a 117% increase compared to the same quarter in the previous year [4]. - Positive EBITDA was reported at $7.6 million, with adjusted EBITDA reaching $12.7 million [4]. - Free cash flow before working capital items increased significantly to $11.7 million [4]. - The all-in sustaining cost (AISC) per gold equivalent ounce sold was controlled at $2,251, reflecting only a 9% increase from the prior year despite inflationary pressures [4]. Production Metrics - Consolidated gold equivalent production reached 21,293 ounces, a 51% increase compared to Q1 2024, driven by higher throughput and improved head grades at both mines [4]. - Gold production specifically increased by 79% to 7,677 ounces, with silver and zinc production rising by 69% and 71%, respectively [4]. - The Campo Morado mine processed 175,334 tonnes, a 40% increase, while Tahuehueto more than doubled its throughput to 70,948 tonnes [4]. Exploration and Development - Drilling activities are ongoing at both Campo Morado and Tahuehueto mines to delineate additional near-mine resources and test district-scale potential [3][6]. - Significant discoveries include a new high-grade breccia mineralized shoot at Tahuehueto, with drill results indicating 9.4m of 5.21 g/t AuEq [7][8]. - The company has completed 19 underground drillholes as part of a 5,000m Phase 1 program targeting near-mine resource expansion [5][9]. Debt Management and Cash Position - Since January 1, 2025, the company has paid down $8.4 million against its debt facilities, resulting in a current debt balance of $8.5 million [11]. - Luca's total cash and cash equivalents, including silver bullion, stand at $24.6 million, indicating strong cash flow from operations [11]. Market Position and Index Inclusion - Luca Mining Corp. has been added to the Solactive Global Copper Miners Total Return Index, effective May 1, 2025, enhancing its market visibility [13]. - The company is well-positioned to benefit from strong commodity demand with a diversified metal production profile and expanding production levels [12].