{"success":true,"data":{"pressRelease":{"id":"120646","rtpr_id":"nPn1xvtB9a","ticker":"LUCA","exchange":"","all_tickers":["LUCA"],"title":"LUCA MINING CORP. REPORTS $10.5 MILLION OF NET EARNINGS IN Q2","author":"PR Newswire","published_at":"2026-08-17T13:00:06.643Z","article_body":"LUCA MINING CORP. REPORTS $10.5 MILLION OF NET EARNINGS IN Q2\n\nPR Newswire\n\nVANCOUVER, BC, Aug. 17, 2026\n\nQ2 Revenue Increases to 58.4 Million; First-Half Net Earnings Reach 23.1\nMillion\n\nVANCOUVER, BC, Aug. 17, 2026 /PRNewswire/ -- Luca Mining Corp. (\"Luca\" or the\n\"Company\") (TSX-V: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to report\noperational and financial results for the second quarter and six months ended\nJune 30, 2026.   The Company delivered another strong financial quarter,\ngenerating revenue of $58.4 million, net earnings of $10.5 million, adjusted\nnet earnings of $6.9 million and Adjusted EBITDA of $14.3 million. Revenue\nincreased 47% and mine operating earnings increased 90% compared to Q2 2025,\nsupported by significantly stronger realized metal prices and continued\ncontributions from both operations.\n\nFor the first six months of 2026, Luca generated $116.0 million of revenue,\n$23.1 million of net earnings and $36.7 million of Adjusted EBITDA. Strong\noperating cash generation enabled the Company to fund significant underground\ndevelopment, sustaining capital, infrastructure and exploration expenditures,\nsubstantially reduce debt, meet its obligations under the Empress silver\nstream, repurchase shares under its Normal Course Issuer Bid (\"NCIB\"), and\nmaintain a cash balance of $24.7 million at June 30, 2026.\n\nQ2 2026 Highlights\n\n * Strong and consistent quarterly revenue: Revenue increased 47% to $58.4\nmillion compared with $39.7 million in Q2 2025 and remained above the $57.6\nmillion generated in Q1 2026. First-half revenue reached $116.0 million, an\nincrease of 43% over the comparable period of 2025. Q2 revenue included $1.9\nmillion of negative provisional pricing adjustments related to concentrate\nshipments made in prior periods.\n * Strong profitability continued in Q2: Net earnings were $10.5 million, or\n$0.04 per share, compared with a net loss of $3.2 million in Q2 2025. Together\nwith the $12.6 million earned in Q1 2026, Luca generated $23.1 million of net\nearnings in the first six months of 2026, compared with $1.3 million in the\nfirst half of 2025. Adjusted EBITDA increased 156% year-over-year to $14.3\nmillion for Q2 and for the first six months of 2026, Adjusted EBITDA reached\n$36.7 million.\n * Positive free cash flow while continuing significant investment: Operating\ncash flow before working capital changes was $13.9 million during Q2 2026.\nAfter approximately $11.3 million of capital investment, the Company generated\nfree cash flow before working capital changes of $2.6 million, compared with\nnegative $3.2 million in Q2 2025. The quarter's capital investment included\ncontinued spending on underground development, infrastructure and record\nlevels of exploration activity.\n\n * Tahuehueto exceeded expected throughput: Tonnes milled increased 13% from Q1\n2026 and 23% year-over-year, with the operation averaging 1,115 tonnes milled\nper operating day, exceeding its 1,000 tpd installed plant capacity. Tonnes\nmined increased 28%, silver production increased 39%, copper production\nincreased 47% and overall AuEq production increased 10% compared with Q2 2025.\n * Advanced Campo Morado optimization strategy: Campo Morado produced 32.3\nmillion ZnEq pounds, an increase of 6% compared with Q2 2025. Mining continued\nto outpace processing as the Company intentionally built ore stockpiles to\nincrease near-term feed blending flexibility while advancing long-term\nmetallurgical optimization initiatives.\n * Continued investment in future production flexibility: Sustaining capital\nexpenditures totaled $8.5 million during Q2 and $16.6 million during the first\nsix months of 2026. Investment remained focused on underground development,\nmine infrastructure, tailings management, processing improvements and\noperational reliability.\nProduction and financial performance in Q2 2026 continued to reflect the\nCompany's strategy of investing operating cash flow into underground\ndevelopment, mine preparation, infrastructure and exploration to strengthen\nthe operating platform at both mines. Consolidated tonnes mined increased 6%\nand tonnes milled increased 3% compared with Q2 2025, while silver production\nincreased 19% and copper production increased 3%.\n\nDan Barnholden, Chief Executive Officer, commented: \"The second quarter\nreflects another period of significant investment as we continued to\nstrengthen both operations. During the first half, we invested more than $21\nmillion into underground development, infrastructure and exploration,\nincluding our highest quarterly exploration drilling activity in at least a\ndecade. These investments are focused on improving operating performance,\nincreasing production flexibility and advancing the significant growth\nopportunities across our properties.\n\nOperationally, Tahuehueto continues to perform strongly, with mill throughput\nexceeding budgeted capacity during the quarter, while at Campo Morado we built\na stockpile to advance metallurgical optimization initiatives designed to\nimprove near-term recoveries ahead of the Campo Morado Expansion. At both\noperations, we remain focused on converting these investments into improved\noperational performance and long-term cash flow generation.\n\n At the same time, we have made significant progress strengthening the\nbalance sheet. We have substantially reduced our debt while continuing to meet\nour obligations under the Empress silver stream and advance toward its\nstepdown threshold. With these financial obligations increasingly behind us,\nwe expect a greater proportion of future operating cash flow to be available\nto support our operations, growth initiatives and shareholders.\"\n\n Operational Performance\n\nConsolidated tonnes mined increased 6% to 267,028 tonnes during Q2 2026 over\nQ2 2025 and tonnes milled increased 3% to 260,461 tonnes. Consolidated silver\nproduction increased 19% to 334,237 ounces, while copper production increased\n3% to 2.7 million pounds. Gold production decreased 7% to 6,161 ounces, zinc\nproduction decreased 26% to 8.9 million pounds and lead production decreased\n12% to 1.9 million pounds.\n\nCampo Morado (Guerrero, Mexico)\n\nCampo Morado produced 32.3 million pounds of ZnEq during Q2 2026, an increase\nof 6% compared with 30.4 million pounds in Q2 2025. Tonnes mined totaled\n174,497 while tonnes milled totaled 171,237, as mining intentionally outpaced\nprocessing to build ore stockpiles and improve future feed blending and\noperating flexibility.\n\nPrecious metal grades improved significantly during the quarter, with gold\ngrades increasing 42% and silver grades increasing 45% compared with Q2 2025.\nSilver production increased 13% to 234,896 ounces. Metallurgical recoveries,\nhowever, remained below prior-year levels as the operation processed ore from\nmultiple mining areas while advancing feed blending and metallurgical\noptimization initiatives.\n\nThe Company continued implementing reagent optimization, flotation circuit\nimprovements and feed blending controls while advancing rehabilitation and\noptimization of flotation circuits, pumping systems, tailings infrastructure\nand other critical plant assets. Underground development remained focused on\nthe Naranjo, Largo Norte, Fish and Southwest areas.\n\nCash cost per ZnEq payable pound sold was $1.02/lb compared with $0.91/lb in\nQ2 2025. AISC was $1.33/lb, compared with $1.29/lb in Q2 2025, reflecting\nincreased mining and development activity, higher treatment charges and\ncontinued investment in sustaining capital. ZnEq payable pounds sold increased\n7% during the quarter.\n\nExploration activity remained significant, with approximately 9,000 metres of\ndiamond drilling completed at Campo Morado during Q2, including underground,\nsurface and geotechnical drilling. The program continues to target near-mine\nresource additions and the broader district-scale exploration potential of the\nproperty.\n\nTahuehueto (Durango, Mexico)\n\nTahuehueto continued to strengthen its operating performance during Q2 2026\nover Q2 2025. Tonnes mined increased 28% to 92,531 tonnes and tonnes milled\nincreased 23% to 89,224 tonnes. Average throughput reached 1,115 tonnes milled\nper operating day, exceeding the plant's 1,000 tpd installed capacity.\n\nHigher throughput and stronger silver and base-metal grades supported improved\nproduction across several metals. Silver production increased 39% to 99,340\nounces, zinc production increased 16% to 1.6 million pounds and copper\nproduction increased 47% to 434 thousand pounds. Overall AuEq production\nincreased 10% to 7,397 ounces.\n\nGold production decreased 8% to 4,461 ounces as lower gold grades and\nmetallurgical recoveries offset higher throughput. The operation continued\nadvancing underground development into additional mining areas while\nimplementing flotation optimization, reagent adjustments and feed blending\ncontrols to improve metallurgical stability.\n\nThe transition of underground mining activities to contractor La Cantera\ncontinued to support increased mining and processing activity, with additional\ninfrastructure investments in power distribution, compressed air, ventilation,\npumping and underground preparation intended to improve production flexibility\nand operational continuity.\n\nCash cost was $3,011 per AuEq ounce sold and AISC was $3,538 per AuEq ounce\nsold, reflecting the increased operating scale, underground development and\nmine preparation activity, lower gold grades and recoveries, and continued\ninvestment in mine and processing infrastructure. Sustaining capital totaled\n$2.5 million during the quarter.\n\nThe Company remains focused on converting the investments made across both\noperations into improved metallurgical recoveries, production consistency and\noperational efficiency for sustainable long-term free cash flow generation.\n\nThis news release should be read in conjunction with the company's condensed\nconsolidated interim financial statements for the three and six months ended\nJune 30, 2026 and associated Management's Discussion and Analysis (\"MD&A\")\nwhich are available on the Company's website, www.lucamining.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753316-1&h=632282348&u=http%3A%2F%2Fwww.lucamining.com%2F&a=www.lucamining.com)\nand on Sedar+ at www.sedarplus.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753316-1&h=2988698861&u=http%3A%2F%2Fwww.sedarplus.com%2F&a=www.sedarplus.com)\n.\n\nQualified Person\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by Mr. Paul D. Gray, P.Geo., Vice-President\nExploration at Luca Mining.  Mr. Gray is a Qualified Person for the Company\nas defined by National Instrument 43-101.\n\nAbout Luca Mining Corp.\nLuca Mining Corp. (TSX-V: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is a Canadian\nmining company with two wholly owned mines located in the prolific Sierra\nMadre mineralized belt in Mexico. These mines produce gold, silver, zinc,\ncopper, and lead and generate strong cash flow.  Both mines have considerable\ndevelopment and resource upside as well as district scale exploration\npotential.\n\nThe Company's Campo Morado Mine hosts VMS-style, polymetallic mineralization\nwithin a large land package comprising 121 square kilometres.  It is an\nunderground operation, producing zinc, copper, gold, silver and lead. The mine\nis located in Guerrero State.\n\nThe Tahuehueto Mine is a large property of over 100 square kilometres in\nDurango State.  The project hosts epithermal gold and silver vein-style\nmineralization. Tahuehueto is a newly constructed underground mining operation\nproducing primarily gold and silver.  The Company has successfully\ncommissioned its mill and is now in commercial production.\n\nOn Behalf of the Board of Directors\n(signed) \"Dan Barnholden\"\n\nDan Barnholden, Chief Executive Officer\n\nFor more information, please visit: www.lucamining.com\n(http://www.lucamining.com)\n\nCautionary Note Regarding Forward-Looking Statements\n\nStatements contained in this news release that are not historical facts are\n\"forward-looking information\" or \"forward-looking statements\" (collectively,\n\"Forward-Looking Information\") within the meaning of applicable Canadian\nsecurities laws. Forward Looking Information includes, but is not limited to,\nestimated production guidelines for 2026 and other possible events, conditions\nor performance that are based on assumptions about the proposed exploration\nprogram and its anticipated results; the timing and costs of future activities\non the Company's properties, such as production rates and increases and\nsustaining capital expenditures; success of exploration, development, and\nmetres to be drilled in exploration on the Tahuehueto Mine site and the Campo\nMorado Mine site. In certain cases, Forward-Looking Information can be\nidentified using words and phrases such as\n\"plans\",\"expects\",\"scheduled\",\"estimates\", \"forecasts\", \"intends\",\"\nanticipates\" or variations of such words and phrases. In preparing the\nForward-Looking Information in this news release, the Company has applied\nseveral material assumptions, including, but not limited to, that the Company\nwill be able to raise additional capital as necessary; the current\nexploration, development, environmental and other objectives concerning the\nTahuehueto Mine can be achieved; that consistent and sustainable mill feed at\nCampo Morado Mine will be achieved; the continuity of the price of gold and\nother metals and economic and political conditions. Forward-Looking\nInformation involves known and unknown risks, uncertainties and other factors\nwhich may cause the actual results, performance, or achievements of the\nCompany to be materially different from any future results, performance or\nachievements expressed or implied by the Forward-Looking Information. There\ncan be no assurance that Forward-Looking Information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on Forward-Looking Information. Except as required by law, the\nCompany does not assume any obligation to release publicly any revisions to\nForward-Looking Information contained in this news release to reflect events\nor circumstances after the date hereof or to reflect the occurrence of\nunanticipated events.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/luca-mining-corp-reports-10-5-million-of-net-earnings-in-q2--302852446.html\n(https://www.prnewswire.com/news-releases/luca-mining-corp-reports-10-5-million-of-net-earnings-in-q2--302852446.html)\n\nSOURCE Luca Mining Corp.\n\n\n\nContact Information: Sophia Shane, Director of Investor Relations, sshane@lucamining.com, +1 604 306 6867; Maximilian Myers, Manager Corp Dev & Investor Relations, ir@lucamining.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1970284/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888507\nhttps://mmx.prnewswire.com/media/MS1970285/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888506\nhttps://mmx.prnewswire.com/media/MS1970306/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888505\nhttps://mmx.prnewswire.com/media/MS1451467/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888489\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn1xvtB9a","title":"LUCA MINING CORP. REPORTS $10.5 MILLION OF NET EARNINGS IN Q2","author":"PR Newswire","ticker":"LUCA","created":"2026-08-17T13:00:06.643Z","tickers":["LUCA"],"exchange":"","article_body":"LUCA MINING CORP. REPORTS $10.5 MILLION OF NET EARNINGS IN Q2\n\nPR Newswire\n\nVANCOUVER, BC, Aug. 17, 2026\n\nQ2 Revenue Increases to 58.4 Million; First-Half Net Earnings Reach 23.1\nMillion\n\nVANCOUVER, BC, Aug. 17, 2026 /PRNewswire/ -- Luca Mining Corp. (\"Luca\" or the\n\"Company\") (TSX-V: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to report\noperational and financial results for the second quarter and six months ended\nJune 30, 2026.   The Company delivered another strong financial quarter,\ngenerating revenue of $58.4 million, net earnings of $10.5 million, adjusted\nnet earnings of $6.9 million and Adjusted EBITDA of $14.3 million. Revenue\nincreased 47% and mine operating earnings increased 90% compared to Q2 2025,\nsupported by significantly stronger realized metal prices and continued\ncontributions from both operations.\n\nFor the first six months of 2026, Luca generated $116.0 million of revenue,\n$23.1 million of net earnings and $36.7 million of Adjusted EBITDA. Strong\noperating cash generation enabled the Company to fund significant underground\ndevelopment, sustaining capital, infrastructure and exploration expenditures,\nsubstantially reduce debt, meet its obligations under the Empress silver\nstream, repurchase shares under its Normal Course Issuer Bid (\"NCIB\"), and\nmaintain a cash balance of $24.7 million at June 30, 2026.\n\nQ2 2026 Highlights\n\n * Strong and consistent quarterly revenue: Revenue increased 47% to $58.4\nmillion compared with $39.7 million in Q2 2025 and remained above the $57.6\nmillion generated in Q1 2026. First-half revenue reached $116.0 million, an\nincrease of 43% over the comparable period of 2025. Q2 revenue included $1.9\nmillion of negative provisional pricing adjustments related to concentrate\nshipments made in prior periods.\n * Strong profitability continued in Q2: Net earnings were $10.5 million, or\n$0.04 per share, compared with a net loss of $3.2 million in Q2 2025. Together\nwith the $12.6 million earned in Q1 2026, Luca generated $23.1 million of net\nearnings in the first six months of 2026, compared with $1.3 million in the\nfirst half of 2025. Adjusted EBITDA increased 156% year-over-year to $14.3\nmillion for Q2 and for the first six months of 2026, Adjusted EBITDA reached\n$36.7 million.\n * Positive free cash flow while continuing significant investment: Operating\ncash flow before working capital changes was $13.9 million during Q2 2026.\nAfter approximately $11.3 million of capital investment, the Company generated\nfree cash flow before working capital changes of $2.6 million, compared with\nnegative $3.2 million in Q2 2025. The quarter's capital investment included\ncontinued spending on underground development, infrastructure and record\nlevels of exploration activity.\n\n * Tahuehueto exceeded expected throughput: Tonnes milled increased 13% from Q1\n2026 and 23% year-over-year, with the operation averaging 1,115 tonnes milled\nper operating day, exceeding its 1,000 tpd installed plant capacity. Tonnes\nmined increased 28%, silver production increased 39%, copper production\nincreased 47% and overall AuEq production increased 10% compared with Q2 2025.\n * Advanced Campo Morado optimization strategy: Campo Morado produced 32.3\nmillion ZnEq pounds, an increase of 6% compared with Q2 2025. Mining continued\nto outpace processing as the Company intentionally built ore stockpiles to\nincrease near-term feed blending flexibility while advancing long-term\nmetallurgical optimization initiatives.\n * Continued investment in future production flexibility: Sustaining capital\nexpenditures totaled $8.5 million during Q2 and $16.6 million during the first\nsix months of 2026. Investment remained focused on underground development,\nmine infrastructure, tailings management, processing improvements and\noperational reliability.\nProduction and financial performance in Q2 2026 continued to reflect the\nCompany's strategy of investing operating cash flow into underground\ndevelopment, mine preparation, infrastructure and exploration to strengthen\nthe operating platform at both mines. Consolidated tonnes mined increased 6%\nand tonnes milled increased 3% compared with Q2 2025, while silver production\nincreased 19% and copper production increased 3%.\n\nDan Barnholden, Chief Executive Officer, commented: \"The second quarter\nreflects another period of significant investment as we continued to\nstrengthen both operations. During the first half, we invested more than $21\nmillion into underground development, infrastructure and exploration,\nincluding our highest quarterly exploration drilling activity in at least a\ndecade. These investments are focused on improving operating performance,\nincreasing production flexibility and advancing the significant growth\nopportunities across our properties.\n\nOperationally, Tahuehueto continues to perform strongly, with mill throughput\nexceeding budgeted capacity during the quarter, while at Campo Morado we built\na stockpile to advance metallurgical optimization initiatives designed to\nimprove near-term recoveries ahead of the Campo Morado Expansion. At both\noperations, we remain focused on converting these investments into improved\noperational performance and long-term cash flow generation.\n\n At the same time, we have made significant progress strengthening the\nbalance sheet. We have substantially reduced our debt while continuing to meet\nour obligations under the Empress silver stream and advance toward its\nstepdown threshold. With these financial obligations increasingly behind us,\nwe expect a greater proportion of future operating cash flow to be available\nto support our operations, growth initiatives and shareholders.\"\n\n Operational Performance\n\nConsolidated tonnes mined increased 6% to 267,028 tonnes during Q2 2026 over\nQ2 2025 and tonnes milled increased 3% to 260,461 tonnes. Consolidated silver\nproduction increased 19% to 334,237 ounces, while copper production increased\n3% to 2.7 million pounds. Gold production decreased 7% to 6,161 ounces, zinc\nproduction decreased 26% to 8.9 million pounds and lead production decreased\n12% to 1.9 million pounds.\n\nCampo Morado (Guerrero, Mexico)\n\nCampo Morado produced 32.3 million pounds of ZnEq during Q2 2026, an increase\nof 6% compared with 30.4 million pounds in Q2 2025. Tonnes mined totaled\n174,497 while tonnes milled totaled 171,237, as mining intentionally outpaced\nprocessing to build ore stockpiles and improve future feed blending and\noperating flexibility.\n\nPrecious metal grades improved significantly during the quarter, with gold\ngrades increasing 42% and silver grades increasing 45% compared with Q2 2025.\nSilver production increased 13% to 234,896 ounces. Metallurgical recoveries,\nhowever, remained below prior-year levels as the operation processed ore from\nmultiple mining areas while advancing feed blending and metallurgical\noptimization initiatives.\n\nThe Company continued implementing reagent optimization, flotation circuit\nimprovements and feed blending controls while advancing rehabilitation and\noptimization of flotation circuits, pumping systems, tailings infrastructure\nand other critical plant assets. Underground development remained focused on\nthe Naranjo, Largo Norte, Fish and Southwest areas.\n\nCash cost per ZnEq payable pound sold was $1.02/lb compared with $0.91/lb in\nQ2 2025. AISC was $1.33/lb, compared with $1.29/lb in Q2 2025, reflecting\nincreased mining and development activity, higher treatment charges and\ncontinued investment in sustaining capital. ZnEq payable pounds sold increased\n7% during the quarter.\n\nExploration activity remained significant, with approximately 9,000 metres of\ndiamond drilling completed at Campo Morado during Q2, including underground,\nsurface and geotechnical drilling. The program continues to target near-mine\nresource additions and the broader district-scale exploration potential of the\nproperty.\n\nTahuehueto (Durango, Mexico)\n\nTahuehueto continued to strengthen its operating performance during Q2 2026\nover Q2 2025. Tonnes mined increased 28% to 92,531 tonnes and tonnes milled\nincreased 23% to 89,224 tonnes. Average throughput reached 1,115 tonnes milled\nper operating day, exceeding the plant's 1,000 tpd installed capacity.\n\nHigher throughput and stronger silver and base-metal grades supported improved\nproduction across several metals. Silver production increased 39% to 99,340\nounces, zinc production increased 16% to 1.6 million pounds and copper\nproduction increased 47% to 434 thousand pounds. Overall AuEq production\nincreased 10% to 7,397 ounces.\n\nGold production decreased 8% to 4,461 ounces as lower gold grades and\nmetallurgical recoveries offset higher throughput. The operation continued\nadvancing underground development into additional mining areas while\nimplementing flotation optimization, reagent adjustments and feed blending\ncontrols to improve metallurgical stability.\n\nThe transition of underground mining activities to contractor La Cantera\ncontinued to support increased mining and processing activity, with additional\ninfrastructure investments in power distribution, compressed air, ventilation,\npumping and underground preparation intended to improve production flexibility\nand operational continuity.\n\nCash cost was $3,011 per AuEq ounce sold and AISC was $3,538 per AuEq ounce\nsold, reflecting the increased operating scale, underground development and\nmine preparation activity, lower gold grades and recoveries, and continued\ninvestment in mine and processing infrastructure. Sustaining capital totaled\n$2.5 million during the quarter.\n\nThe Company remains focused on converting the investments made across both\noperations into improved metallurgical recoveries, production consistency and\noperational efficiency for sustainable long-term free cash flow generation.\n\nThis news release should be read in conjunction with the company's condensed\nconsolidated interim financial statements for the three and six months ended\nJune 30, 2026 and associated Management's Discussion and Analysis (\"MD&A\")\nwhich are available on the Company's website, www.lucamining.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753316-1&h=632282348&u=http%3A%2F%2Fwww.lucamining.com%2F&a=www.lucamining.com)\nand on Sedar+ at www.sedarplus.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4753316-1&h=2988698861&u=http%3A%2F%2Fwww.sedarplus.com%2F&a=www.sedarplus.com)\n.\n\nQualified Person\nThe scientific and technical information contained in this news release has\nbeen reviewed and approved by Mr. Paul D. Gray, P.Geo., Vice-President\nExploration at Luca Mining.  Mr. Gray is a Qualified Person for the Company\nas defined by National Instrument 43-101.\n\nAbout Luca Mining Corp.\nLuca Mining Corp. (TSX-V: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is a Canadian\nmining company with two wholly owned mines located in the prolific Sierra\nMadre mineralized belt in Mexico. These mines produce gold, silver, zinc,\ncopper, and lead and generate strong cash flow.  Both mines have considerable\ndevelopment and resource upside as well as district scale exploration\npotential.\n\nThe Company's Campo Morado Mine hosts VMS-style, polymetallic mineralization\nwithin a large land package comprising 121 square kilometres.  It is an\nunderground operation, producing zinc, copper, gold, silver and lead. The mine\nis located in Guerrero State.\n\nThe Tahuehueto Mine is a large property of over 100 square kilometres in\nDurango State.  The project hosts epithermal gold and silver vein-style\nmineralization. Tahuehueto is a newly constructed underground mining operation\nproducing primarily gold and silver.  The Company has successfully\ncommissioned its mill and is now in commercial production.\n\nOn Behalf of the Board of Directors\n(signed) \"Dan Barnholden\"\n\nDan Barnholden, Chief Executive Officer\n\nFor more information, please visit: www.lucamining.com\n(http://www.lucamining.com)\n\nCautionary Note Regarding Forward-Looking Statements\n\nStatements contained in this news release that are not historical facts are\n\"forward-looking information\" or \"forward-looking statements\" (collectively,\n\"Forward-Looking Information\") within the meaning of applicable Canadian\nsecurities laws. Forward Looking Information includes, but is not limited to,\nestimated production guidelines for 2026 and other possible events, conditions\nor performance that are based on assumptions about the proposed exploration\nprogram and its anticipated results; the timing and costs of future activities\non the Company's properties, such as production rates and increases and\nsustaining capital expenditures; success of exploration, development, and\nmetres to be drilled in exploration on the Tahuehueto Mine site and the Campo\nMorado Mine site. In certain cases, Forward-Looking Information can be\nidentified using words and phrases such as\n\"plans\",\"expects\",\"scheduled\",\"estimates\", \"forecasts\", \"intends\",\"\nanticipates\" or variations of such words and phrases. In preparing the\nForward-Looking Information in this news release, the Company has applied\nseveral material assumptions, including, but not limited to, that the Company\nwill be able to raise additional capital as necessary; the current\nexploration, development, environmental and other objectives concerning the\nTahuehueto Mine can be achieved; that consistent and sustainable mill feed at\nCampo Morado Mine will be achieved; the continuity of the price of gold and\nother metals and economic and political conditions. Forward-Looking\nInformation involves known and unknown risks, uncertainties and other factors\nwhich may cause the actual results, performance, or achievements of the\nCompany to be materially different from any future results, performance or\nachievements expressed or implied by the Forward-Looking Information. There\ncan be no assurance that Forward-Looking Information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on Forward-Looking Information. Except as required by law, the\nCompany does not assume any obligation to release publicly any revisions to\nForward-Looking Information contained in this news release to reflect events\nor circumstances after the date hereof or to reflect the occurrence of\nunanticipated events.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/luca-mining-corp-reports-10-5-million-of-net-earnings-in-q2--302852446.html\n(https://www.prnewswire.com/news-releases/luca-mining-corp-reports-10-5-million-of-net-earnings-in-q2--302852446.html)\n\nSOURCE Luca Mining Corp.\n\n\n\nContact Information: Sophia Shane, Director of Investor Relations, sshane@lucamining.com, +1 604 306 6867; Maximilian Myers, Manager Corp Dev & Investor Relations, ir@lucamining.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1970284/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888507\nhttps://mmx.prnewswire.com/media/MS1970285/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888506\nhttps://mmx.prnewswire.com/media/MS1970306/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888505\nhttps://mmx.prnewswire.com/media/MS1451467/Luca-Mining-Corp-LUCA-MINING-CORP-REPORTS-10-5-MILLION-OF-NET.jpg?id=OA2888489\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-17T13:00:08.316213803Z","server_sent_at_ms":1786971608316},"received_at":"2026-08-17T13:00:08.464Z","source_url":"https://www.prnewswire.com/news-releases/luca-mining-corp-reports-10-5-million-of-net-earnings-in-q2--302852446.html"},"analysis":{"id":"109633","press_release_id":"120646","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Tahuehueto AISC increased to $3,538/oz due to lower gold grades, recoveries and increased development spending"],"eventType":"earnings","narrative":"Luca Mining reported a strong Q2 with revenue increasing 47% year-over-year to $58.4 million, swinging from a net loss to $10.5 million in net earnings.\n\nOperational performance improved as Tahuehueto exceeded its 1,000 tpd plant capacity and Campo Morado produced 32.3 million ZnEq pounds, supporting first-half Adjusted EBITDA of $36.7 million.\n\nThe company generated positive free cash flow, reduced debt substantially, repurchased shares, and maintained a cash balance of $24.7 million while investing over $21 million in development and exploration.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Luca swings to profitability on 47% revenue surge, funding growth while de-leveraging the balance sheet."},"keyFigures":{"eps":0.04,"revenue":58400000,"revenueYoy":"47%","customDimensions":{"cash_balance":24700000,"net_earnings":10500000,"free_cash_flow":2600000,"adjusted_ebitda":14300000}},"quotedText":"The second quarter reflects another period of significant investment as we continued to strengthen both operations.","namedEntities":{"people":[{"name":"Dan Barnholden","role":"Chief Executive Officer"},{"name":"Paul D. Gray","role":"Vice-President Exploration"}],"products":["Tahuehueto Mine","Campo Morado Mine"],"companies":[{"name":"Luca Mining Corp.","ticker":"LUCA"}],"dollarAmounts":[{"amount":"$58.4 million","context":"Q2 2026 revenue"},{"amount":"$10.5 million","context":"Q2 2026 net earnings"},{"amount":"$14.3 million","context":"Q2 2026 Adjusted EBITDA"},{"amount":"$24.7 million","context":"cash balance at June 30, 2026"},{"amount":"$2.6 million","context":"Q2 2026 free cash flow before working capital changes"}]},"materialImpact":{"score":4,"reasoning":"Revenue surged 47% year-over-year to $58.4 million, driving a swing from a net loss to $10.5 million in net earnings. The company also generated positive free cash flow, substantially reduced debt, and repurchased shares while funding significant development."},"tickerRelevance":{"others":[],"primary":"LUCA"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"strong-earnings-turnaround","sectorWeight":"materials"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Luca Mining reported a strong Q2 with revenue increasing 47% year-over-year to $58.4 million, swinging from a net loss to $10.5 million in net earnings.\n\nOperational performance improved as Tahuehueto exceeded its 1,000 tpd plant capacity and Campo Morado produced 32.3 million ZnEq pounds, supporting first-half Adjusted EBITDA of $36.7 million.\n\nThe company generated positive free cash flow, reduced debt substantially, repurchased shares, and maintained a cash balance of $24.7 million while investing over $21 million in development and exploration.","key_figures":{"eps":0.04,"revenue":58400000,"revenueYoy":"47%","customDimensions":{"cash_balance":24700000,"net_earnings":10500000,"free_cash_flow":2600000,"adjusted_ebitda":14300000}},"named_entities":{"people":[{"name":"Dan Barnholden","role":"Chief Executive Officer"},{"name":"Paul D. Gray","role":"Vice-President Exploration"}],"products":["Tahuehueto Mine","Campo Morado Mine"],"companies":[{"name":"Luca Mining Corp.","ticker":"LUCA"}],"dollarAmounts":[{"amount":"$58.4 million","context":"Q2 2026 revenue"},{"amount":"$10.5 million","context":"Q2 2026 net earnings"},{"amount":"$14.3 million","context":"Q2 2026 Adjusted EBITDA"},{"amount":"$24.7 million","context":"cash balance at June 30, 2026"},{"amount":"$2.6 million","context":"Q2 2026 free cash flow before working capital changes"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-17T14:00:14.500Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap","eventGravity":"strong-earnings-turnaround","sectorWeight":"materials"}},"durationMs":59707,"modelName":"glm-4.7"}}