05:03 PM EDT, 10/10/2024 (MT Newswires) -- Luca Mining ( LUCMF ) after close Thursday said it successfully implemented the first two stages of the Campo Morado Improvement Project (CMIP) and is onto Stage 3.

The company last year partnered with Ausenco Mexico S. de R.L. de C.V. to implement a staged improvement project designed to increase metallurgical performance, mill throughput, sustaining plant performance and operating cash flow.

The initial phase of the project included a comprehensive geometallurgical program focused on sampling, training and procedures as well as optimizing the process controls in the plant. The primary goal of Stage 2 was sustainable operations and improving plant reliability.

Stage 3 will now build on the improvements to date and implement a new flow sheet with modest modifications to the plant with the goal of producing three high-quality, saleable concentrates of copper, lead and zinc.

The company's shares closed up $0.03 to $0.49 on the TSX Venture Exchange.