Reported Earnings • May 27
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$0.046 (up from US$0.02 in 1Q 2025). Revenue: US$57.6m (up 49% from 1Q 2025). Net income: US$12.6m (up 179% from 1Q 2025). Profit margin: 22% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 101%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 50% per year. Breakeven Date Change • May 26 The 7 analysts covering Luca Mining previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$52.7m in 2026. Earnings growth of 30% is required to achieve expected profit on schedule.
Announcement • May 07
Luca Mining Corp Reports New Assay Results from Ongoing 2026 Drilling Program At Tahuehueto Gold-Silver Mine Luca Mining Corp. reported new assay results from its ongoing 2026 drilling program at the Tahuehueto gold-silver mine in Durango, Mexico. Exploration drilling has continued to intersect high-grade gold mineralization in newly identified breccia zones, close to current mine workings, confirming continuity of breccia-hosted mineralization within the Creston vein system and confirming potential for near-mine resource expansion. It is anticipated that portions of these newly identified mineralized breccia zones can be readily included in resource models at the mine and be brought into production within one year. Additionally, drill testing of the El Rey vein, which has not been mined since 1983 and has not been explored in any capacity for over 20 years, identified mineralized breccia zones – elevating the priority of the El Rey target and underscoring the mineral endowment of the Tahuehueto land package. Two contracted diamond drill rigs are currently operating on site, with one dedicated to underground drilling and one to surface drilling. A Luca-owned and operated underground drill rig has also been added as the exploration campaign continues to grow. This expanded drill program reflects the Company's increased 2026 exploration budget at Tahuehueto, with an additional $2.4 million planned to be invested over the balance of the year. Demonstrated continuity of mineralization confirmed in unmined areas from 10 to 70 m below Level 23, extending known high-grade breccia zones. These intercepts exceed current mined grades and occur within development distance of existing underground infrastructure and are planned to be developed in the medium term. Results continue to validate the geologic model and highlight the expansion potential of these pervasive and consistent mineralized structures. Two contracted diamond drill rigs are currently on site, one dedicated to underground drilling and one to surface drilling. A Luca owned and operated underground rig was added to the project this season as the exploration campaign grows. Drillholes DDH26-SU-04 through DDH26-SU-013 targeted a previously untested zone approximately 30-40 metres below active mine workings on Level 23 and along strike from Luca's successful Phase 1 2024-2025 underground drill program. All drillholes (with the exception of DDH26-SU-09 and DDH26-SU-13) intersected the Creston or El Rey vein structures in well-developed brecciated veins and confirm strike continuity of the high-grade breccia zone identified in prior drilling, on strike and down plunge. To date, Luca has completed 40 underground holes for 8,268 m and 25 surface holes for 4,599 m using "HQ", "NQ" and/or "BQ" sized diamond drill core (Creston, Perdido, El Rey and Santiago targets).