Russell Latapy

Luca Mining's Upgrade Initiative at Campo Morado Gets Financial Boost with New Funding Package

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Wednesday, December 6, 2023
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The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.

Key Points: 
  • The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.
  • Luca expects revenues from Campo Morado to increase by approximately 40% as a result of the optimization program.
  • Mike Struthers, CEO, commented, "This is a transformational initiative for Campo Morado.
  • I am confident that under this initiative we will be adding considerable value to the bottom line at Campo Morado, and hence to Luca as a whole."