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Recorded on December 1, 2025.
In this Natural Resource Stocks company spotlight, host Andy Millette sits down with Luca Mining Corp chief executive officer Dan Barnholden to break down how a Canadian polymetallic producer is trying to scale two operating mines in Mexico, clean up its balance sheet, and unlock exploration upside in the next three years. This is a #Millettian deep dive focused on operations, cash flow, and risk, not trading tips or hype.
Luca Mining is a Vancouver based producer with two fully owned mines on the Sierra Madre trend in Mexico. The Campo Morado underground operation in Guerrero produces zinc and copper concentrates with gold, silver, and lead credits. The Tahuehueto gold and silver mine in Durango has an on site plant that is ramping toward full design capacity and generates gold, silver, lead, and zinc concentrates. Together these assets give Luca exposure to both precious metals and base metals supported by existing underground development, road access, grid power, and established processing infrastructure.
Dan walks through how Luca raised capital in a brutal twenty twenty four market, used it to strengthen the balance sheet, and watched the share price move from roughly fifty cents to around one dollar and fifty cents before recent quarters disappointed investors. He explains why management replaced an undercapitalized mining contractor at Campo Morado and how that decision is intended to lift daily tonnage, mill availability, and operating consistency. He also outlines a three year exploration program of roughly twenty five million United States dollars across Campo Morado and Tahuehueto that targets high grade gold potential using historical drilling and modern geological models.
Along the way, Andy and Dan get into what it actually takes to optimize a complex polymetallic mine, how transparent reporting of revenue, costs, and cash on hand affects investor trust, and how Luca thinks about risk when gold, copper, zinc, and silver all contribute to the story. Andy clearly discloses that he is a Luca Mining shareholder and has traded around a core position. The conversation stays focused on understanding the business, not telling you what to buy or sell.
If you want a detailed look at a producer that is already generating revenue while still trying to behave like a growth story through throughput gains and drill driven upside, this Luca Mining interview is worth watching from start to finish.
Company and investor links
Luca Mining website
https://lucamining.com
Luca Mining on X
https://x.com/LucaMining
Host and channel
Host Andy Millette Natural Resource Stocks
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