12:53 PM EDT, 05/30/2024 (MT Newswires) -- Luca Mining ( LUCMF ) was last seen up 9.3% after the company on Thursday said it swung back to a first-quarter profit on higher revenue.

The company said it earned $7.31 million in the period, compared with a loss of $1.26 million in the year-prior quarter.

Revenue rose 19% to $22.04 million from $18.59 million

Luca sold 10,053 gold-equivalent ounce in the quarter, down from 11,882 GEOs a year earlier.

Lisa Dea, Chief Financial Officer, said in a statement: "Looking ahead, we anticipate that the positive trajectory observed in Q1 2024 will persist throughout the second quarter and the remainder of the 2024 year," chief financial officer Lisa Dea said in a release.

The company's shares were last seen up $0.04 to $0.47 on the TSX Venture Exchange.

Price: 0.47, Change: +0.04, Percent Change: +9.30