VANCOUVER, BC, April 8, 2026 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV:LUCA) (OTCQX:LUCMF) (Frankfurt: Z68) is pleased to report operational and financial results for the fourth quarter and year ended December 31, 2025. The Company delivered a year of significant operational growth, achieving its revised production guidance for all metals and generating record annual revenue of $176.8 million, driven by the successful ramp-up of its operations. This strong performance materially strengthened the Company's financial position, with:
Cash increasing to $25.5 million
Long-term debt reduced by over 80% to $3.3 million; and
Net free cash flow before working capital exceeded revised guidance by more than 100% to $20.8 million, including $15.5 million in the fourth quarter
The Company continues to execute on its strategic priorities as it enters 2026 from a position of increased financial strength and operational momentum.
2025 Highlights
Continued emphasis on safe, disciplined operations: Strong focus on operational discipline during the year, reinforcing supervision visibility, housekeeping standards, and contractor coordination. Corrective actions implemented throughout the year contributed to improved operating stability, supporting more consistent underground and plant performance toward year end.
Transformational Operational Growth: Tonnes mined and milled increased 53% and 51%, respectively, to 1.01 million tonnes, reflecting higher throughput and improved operational stability across both Campo Morado and Tahuehueto.
Strong Multi-Metal Production Growth: Increase throughput resulted in significant growth across key metals, with silver production up 69%, zinc up 72%, lead up 53%, and copper up 37% compared to 2024. As a result, Luca achieved revised guidance for all metals produced, including payable silver production above the top end of revised guidance.
Strategic Investment in Mine Development: Sustaining capital expenditures increased to $27.3 million as the Company accelerated underground development and exploration programs designed to improve mine sequencing, access higher-grade zones, and support long-term production reliability.
Strong Financial Performance: Revenue increased 103% to $176.8 million from $87.2 million in 2024, while Adjusted EBITDA increased 226% to $46.0 million, compared to $14.1 million in 2024, driven by higher production levels and stronger realized precious metal prices.
Significant Balance Sheet Improvement: The Company reduced loans payable from $17.0 million at December 31, 2024 to $3.3 million at December 31, 2025, representing a reduction of more than 80% during the year. As of the date of this MD&A, outstanding loans payable have been further reduced to $1.4 million. Additionally, the Company achieved positive net free cashflow before working capital of $20.8 million, including $15.5 million in the fourth quarter and increased its cash and cash equivalents year-over-year to $25.5 million from $10.2 million at year end 2024.
Exploration Programs Reinitiated to Support Resource Growth: During 2025, the Company reinitiated exploration activities across its projects for the first time in more than a decade. To date, approximately 30,140 metres of exploration drilling have been completed, improving geological understanding of the deposits, identifying additional mineralized zones, and supporting potential resource expansion. These exploration programs represent an important step towards unlocking additional value within the Company's asset portfolio and establishing a pipeline of future growth opportunities.
Increased Equity Participation and Strengthened Liquidity: The Company received $20.0 million in proceeds from the exercise of 50,024,980 warrants and 4,932,681 stock options (2024: $3.4 million), reflecting increased participation by holders as the Company's share price strengthened, further supporting liquidity and balance sheet strength.
Luca's CEO, Dan Barnholden commented "2025 was a transformational year for Luca Mining. We delivered strong operational growth, significantly increased production across both mines, improved our performance, including strong free cash flow, all while strengthening our balance sheet and advancing our long-term exploration and development programs. With production exceeding revised guidance across all five metals, revenues more than doubling, and adjusted EBITDA increasing 226%, we enter 2026 well positioned to continue executing on our growth strategy and delivering sustainable value for shareholders"
(1)
Original Guidance as published in the Company's March 31, 2025 news release.
Despite strong operating performance, the Company reported a net loss of $21.1 million for the year. This result was driven by non-cash and non-operating items, primarily the negative change in the non-cash fair value of ...
