Published: July 11, 2024 |

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Luca Mining Corp. has appointed Dan Barnholden as the company’s chief executive officer, effective July 15, 2024. Ramon Perez, who has served as interim CEO for the past 4 months, will return to his role as president and will work closely with Dan to optimize operations at Campo Morado and achieve commercial production at Tahuehueto.

“I’m very pleased to announce Dan joining the Luca team as CEO. He brings a wealth of experience in the sector, having held numerous leadership roles and successfully navigating complex market dynamics. His extensive background in mergers and acquisitions and financial markets will provide invaluable expertise as we strive to enhance our strategic initiatives and operational efficiency,” said Chairman David Rhodes.

“Dan’s proven track record aligns with our vision of transforming Luca into a prominent mid-tier company. We are confident that his leadership will steer us towards new heights of success and industry recognition. As evidenced by our progress at both Campo Morado and Tahuehueto, Ramon Perez who has oversight over all Mexican operations, has done a tremendous job and we look forward to him continuing to do so as the company’s president,” added Rhodes.

“Dan is expected to bring strategic, financial, and governance expertise to Luca as it transitions from a junior development company to a mid-tier diversified mining company. Initially, Dan will focus on company health and safety, environmental, corporate strategy, governance, marketing, and financial matters as well as responsibility for overall corporate matters and Ramon will continue to manage and optimize the operations,” concluded Rhodes.

Dan Barnholden is a seasoned professional with more than 20 years of experience in senior mining investment banking roles at bank-owned and boutique dealers in Toronto and Vancouver. He has raised billions of dollars in debt and equity for junior, mid-tier and senior mining companies, as well as advised dozens of companies on mergers, acquisitions, divestitures, and other financial, strategic and governance matters. Barnholden joins Luca from and international investment banking firm where he was managing director, Investment Banking. Previously, he served as head of Investment Banking at a Vancouver based, employee-owned investment banking firm. Dan completed his B.A. with great distinction from McGill University and holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, where he was an Ivey Scholar.

“I am honored and excited about the opportunity to lead Luca Mining into its next chapter, and I want to thank the board for this opportunity. I admire the hard work that has been done over the past year and the entire team to position the company for success,” said Dan Barnholden.

“Today, the company is at an exciting juncture, as Campo Morado continues to increase production and Tahuehueto moves to declaring commercial production. I believe that Luca represents a unique opportunity to apply my skill set to create significant value for all stakeholders and I couldn’t be more excited to work with the fabulous team of professionals already in place at the board and management level,” added Barnholden.

Luca Mining is a diversified Canadian mining company with two 100 percent owned producing mines in Mexico. The company produces gold, copper, zinc, silver, and lead from these mines that each have considerable development and resource upside. The Campo Morado mine, is an underground operation located in Guerrero State, a prolific mining region in Mexico. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimization program which is already generating significant improvements in recoveries and grades, efficiencies, and cashflows. The Tahuehueto Gold, Silver Mine is a new underground operation in Durango State, Mexico, within the Sierra Madre mineral belt which hosts numerous producing and historic mines along its trend. The company is completing the installation of major equipment and commissioning its mill with key test work and production ramp-up underway, to increase production by 2H 2024. The company expects its operations to start generating positive cash flows in 2024.

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