Kuya Silver - Over C$9million Raised, Accelerates Mine Development and Exploration at Bethania Project
I’m joined by David Stein, President & CEO of Kuya Silver (CSE:KUYA - OTCQB: KUYAF - FRA:6MR1), for a detailed update following several key announcements. The company recently raised over $9 million in August, providing its strongest balance sheet since its 2020 RTO. With this capital, Kuya is accelerating both mining development and exploration at the Bethania Silver Project in Peru.
Discussion Highlights:
- Acceleration of Mining at Bethania - Funds will fast-track underground development, including construction of an internal ramp to boost efficiency and support long-term expansion.
- Production Ramp-Up - Targeting ~100 tpd by September with further growth into 2026. Even at modest throughput, Kuya expects strong cash flow potential relative to peers.
- Exploration Strategy - USD$1.5M allocated to drilling, with near-term programs focused on depth extensions below current mine workings and step-outs to the east.
- Resource Growth Potential - Management believes Bethania and its satellite zones hold significant upside, with the aim of adding tens of millions of silver ounces.
- Q2 Review - Output doubled at Bethania, with a one-time concentrate sale from the Silver Kings Project boosting revenue. Development remains on track.
If you have any follow up questions for David please email me at Fleck@kereport.com.
Click here to visit the Kuya Silver website
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