Kuya Silver Reports Operational Update from Bethania Mine as Production Ramp-Up Progresses
Kuya Silver Corporation (KUYAF) provided an operational update on its Bethania silver mine, which restarted operations in 2024. In Q1 2025, the mine achieved significant progress with silver production reaching 7,445.25 oz and improved recoveries of 90.94%. Daily production doubled in the final 10 days of April, showing positive momentum. The company processed 871.8 tonnes of mineralized material in Q1 2025, with average silver head grades of 9.05 oz/t.
The company generated revenue of $228,630 in Q1 2025, with average realized silver prices of $32.65/oz. Kuya Silver aims to reach 100 tonnes per day production by Q3 2025 and achieve operational break-even with commercial production in Q4 2025. The company's ultimate goal is to scale up to 350 tonnes per day in H2 2025.
Kuya Silver Corporation (KUYAF) ha fornito un aggiornamento operativo sulla sua miniera d'argento di Bethania, che ha ripreso le attività nel 2024. Nel primo trimestre del 2025, la miniera ha raggiunto risultati significativi con una produzione di argento pari a 7.445,25 oz e un miglioramento del recupero al 90,94%. La produzione giornaliera è raddoppiata negli ultimi 10 giorni di aprile, mostrando un trend positivo. La società ha trattato 871,8 tonnellate di materiale mineralizzato nel primo trimestre 2025, con una media di tenore di argento di 9,05 oz/t.
La società ha generato un fatturato di 228.630 $ nel primo trimestre 2025, con un prezzo medio realizzato per l'argento di 32,65 $/oz. Kuya Silver punta a raggiungere una produzione di 100 tonnellate al giorno entro il terzo trimestre 2025 e a raggiungere il pareggio operativo con la produzione commerciale nel quarto trimestre 2025. L'obiettivo finale dell'azienda è aumentare la produzione a 350 tonnellate al giorno nella seconda metà del 2025.
Kuya Silver Corporation (KUYAF) proporcionó una actualización operativa sobre su mina de plata Bethania, que reanudó operaciones en 2024. En el primer trimestre de 2025, la mina logró un avance significativo con una producción de plata de 7,445.25 oz y recuperaciones mejoradas del 90.94%. La producción diaria se duplicó en los últimos 10 días de abril, mostrando un impulso positivo. La empresa procesó 871.8 toneladas de material mineralizado en el primer trimestre de 2025, con una ley promedio de plata de 9.05 oz/t.
La compañía generó ingresos de $228,630 en el primer trimestre de 2025, con precios promedio realizados de plata de $32.65/oz. Kuya Silver tiene como objetivo alcanzar una producción de 100 toneladas diarias para el tercer trimestre de 2025 y lograr el punto de equilibrio operativo con la producción comercial en el cuarto trimestre de 2025. La meta final de la empresa es escalar a 350 toneladas diarias en la segunda mitad de 2025.
Kuya Silver Corporation (KUYAF)는 2024년에 재가동한 베타니아 은광에 대한 운영 업데이트를 제공했습니다. 2025년 1분기에는 은 생산량이 7,445.25 온스에 도달했고 회수율은 90.94%로 개선되었습니다. 4월 마지막 10일 동안 일일 생산량이 두 배로 증가하며 긍정적인 흐름을 보였습니다. 회사는 2025년 1분기에 871.8톤의 광석을 처리했으며, 평균 은 품위는 9.05 oz/t였습니다.
회사는 2025년 1분기에 매출 228,630달러를 기록했으며, 은의 평균 실현 가격은 온스당 32.65달러였습니다. Kuya Silver는 2025년 3분기까지 일일 100톤 생산을 목표로 하며, 2025년 4분기에 상업 생산으로 운영 손익분기점을 달성할 계획입니다. 회사의 궁극적인 목표는 2025년 하반기에 일일 350톤까지 생산을 확대하는 것입니다.
Kuya Silver Corporation (KUYAF) a fourni une mise à jour opérationnelle de sa mine d'argent de Bethania, qui a repris ses activités en 2024. Au premier trimestre 2025, la mine a réalisé des progrès importants avec une production d'argent atteignant 7 445,25 oz et des taux de récupération améliorés à 90,94 %. La production quotidienne a doublé lors des 10 derniers jours d'avril, montrant une dynamique positive. La société a traité 871,8 tonnes de matériau minéralisé au premier trimestre 2025, avec des teneurs moyennes en argent de 9,05 oz/t.
La société a généré un chiffre d'affaires de 228 630 $ au premier trimestre 2025, avec un prix moyen réalisé de l'argent de 32,65 $/oz. Kuya Silver vise à atteindre une production de 100 tonnes par jour d'ici le troisième trimestre 2025 et à atteindre le seuil de rentabilité opérationnelle avec la production commerciale au quatrième trimestre 2025. L'objectif final de la société est de passer à 350 tonnes par jour au second semestre 2025.
Kuya Silver Corporation (KUYAF) gab ein Betriebsupdate zur Bethania-Silbermine bekannt, die 2024 den Betrieb wieder aufgenommen hat. Im ersten Quartal 2025 erzielte die Mine bedeutende Fortschritte mit einer Silberproduktion von 7.445,25 Unzen und verbesserten Rückgewinnungsraten von 90,94%. Die tägliche Produktion verdoppelte sich in den letzten 10 Tagen im April und zeigte positive Dynamik. Das Unternehmen verarbeitete im ersten Quartal 2025 871,8 Tonnen mineralisiertes Material mit einem durchschnittlichen Silbergehalt von 9,05 oz/t.
Das Unternehmen erzielte im ersten Quartal 2025 einen Umsatz von 228.630 $ bei einem durchschnittlich realisierten Silberpreis von 32,65 $/oz. Kuya Silver strebt an, bis zum dritten Quartal 2025 eine Produktion von 100 Tonnen pro Tag zu erreichen und mit der kommerziellen Produktion im vierten Quartal 2025 die operative Gewinnschwelle zu erreichen. Das endgültige Ziel des Unternehmens ist es, die Produktion in der zweiten Hälfte 2025 auf 350 Tonnen pro Tag zu steigern.
- Silver recoveries improved to 90.94% in Q1 2025, with further improvement to 94.2% in April 2025
- Q1 2025 revenue increased to $228,630 from $149,570 in 2024
- Average silver head grades improved to 9.05 oz/t in Q1 2025 from 6.93 oz/t in 2024
- Daily production doubled in the last 10 days of April 2025
- Recent equity financing has improved the company's ability to accelerate development
- Production was inconsistent in Q1 2025 due to development priorities and capacity limits
- Previous financial constraints limited underground development capabilities
- Development was slowed in 2024 due to lack of available explosives
- Current production levels still far below target of 350 tonnes per day
Q1 2025 Update Highlights Steady Production Growth and Infrastructure Upgrades
Ramp-Up Accelerates As Daily Production Throughput Doubles in Final 10 Days of April
Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to provide an update on operational activities at the Bethania silver mine which re-started operations in 2024 and is currently ramping-up production.
Kuya Silver is an emerging silver producer, which restarted the Bethania silver mine in 2024. The first tonnes of mineralized material were recovered in May, 2024. Table 1 shows the production and development achieved to date since restarting of activities in early 2024. Reconditioning, and mine development activities continued over the rest of 2024 (June-December), however development (and production) was slowed by lack of available explosives at the mine (see Kuya Silver Press Release, December 5, 2024). This issue was resolved by late November and daily production and mine development has significantly increased since then. Q1 2025 represented the first quarter of consistent daily drill and blast operations, although production of mineralized material was inconsistent due to requirements to prioritize development and overall limits on capacity, normal in the earlier stage of a mine ramp-up.
Christian Aramayo, Kuya Silver Chief Operating Officer, stated, "Despite earlier financial constraints, our operations team at Bethania has delivered a number of critical projects that set us up for future growth in production in the near term. With the additional funding raised recently we are accelerating our investments in underground development and we are on track to achieve 100 tonnes per day by Q3 2025 as per our current approved budget and mine plan. Notably, daily production doubled over the last 10 days of April, highlighting the momentum now building at the mine site. Our team will continue ramping up to the nameplate 350 tonnes per day target over the rest of the year with the goal of becoming a leading primary silver producer in the region."
Juan Espinosa, Finance Manager, Kuya (Peru) and Acting General Manager, Minera Toro de Plata, remarked, "I am proud of the accomplishments of our now 80-person team at Bethania. Our team is
| Production Highlights | Unit | 2024(1) | Q1 2025 | |
| Mineralized material, mined | tonnes | 528.4 | 654.8 | |
| Mineralized material, processed | tonnes | 767.0 | 871.8 | |
| Meters advanced | m | 111.1 | 161.0 | |
| Development | tonnes | 558.0 | 1,929.6 | |
| Average head grades | ||||
| Silver | oz/t | 6.93 | 9.05 | |
| Lead | % | 2.45 | 2.60 | |
| Zinc Silver Equivalent(2) Silver Equivalent(2) | % oz/t g/t | 1.70 10.31 320.6 | 2.23 12.39 385.3 | |
| Average recoveries (3) | ||||
| Silver | % | 84.76 | 90.94 | |
| Lead | % | 80.61 | 87.40 | |
| Zinc | % | 25.63 | 55.40 | |
| Metal processed | ||||
| Silver | oz | 5,177.32 | 7,445.25 | |
| Lead | tonnes | 18.32 | 21.41 | |
| Zinc | tonnes | 12.72 | 18.37 | |
| Concentrates produced | ||||
| Silver-Lead | tonnes | 37.93 | 38.79 | |
| Zinc | tonnes | 13.43 | 29.30 | |
| Metal sold (4) | ||||
| Silver | oz | 4,248.11 | 6,759.83 | |
| Gold | oz | 2.44 | 2.28 | |
| Lead | tonnes | 14.88 | 18.40 | |
| Zinc Silver equivalent (2) Percent silver production | tonnes oz % | 4.34 5,904.15 72 | 10.38 8,887.57 76 | |
| Average realized price (4) | ||||
| Silver | $/oz | 31.34 | 32.65 | |
| Gold | $/oz | 2,680.78 | 3,017.00 | |
| Lead | $/tonne | 1,915.28 | 1,983.58 | |
| Zinc | $/tonne | 2,718.00 | 2,773.23 | |
| Total revenue USD | $ Thousands | 149.57 | 228.63 | |
| Table 1: Production highlights from the Bethania silver mine | ||||
| (1) production from May 21, 2024 to December 31, 2024 (2) prices for silver equivalent calculations use period ending spot prices and are as follows: Dec. 31, 2024 period; silver (3) includes only payable recovery i.e. lead in the silver- lead concentrate and zinc in the zinc concentrate and silver in both concentrates. (4) may include provisional settlements at the end of the period | ||||
Operational Progress in Q1 2025
Building on the experience in 2024, Kuya Silver executed a comprehensive optimization of the underground infrastructure, to better prepare for larger quantities of mineralized material to produced later this year and beyond. Some of the key achievements included upgrades to utilities, compressed air, power and water distribution extending below the 640 level (currently the deepest production level). Ventilation improvements, grade control optimization, and improvements to safety training, were other projects executed in the first quarter of 2025. The Company's experience in the first few months of 2025 was that it had a limited ability to perform the scale of underground development needed to ramp-up as quickly as planned, due to financial constraints at the time, however this has been improved significantly by the recent equity financing.
Kuya Silver also has seen a steady improvement its metallurgical recoveries from toll milling operations since the commencement of processing in October 2024, with an effort to optimize silver recoveries from both concentrates. Silver recoveries on its first toll milling batch in April have been further improved, with the first 342 tonnes processed in April having an estimated silver recovery of
Production Expected to Grow Steadily Over the Rest of 2025
With the additional investments being made to accelerate underground development, Kuya Silver is strategically progressing toward its near-term targets. The Company expects to achieve its first major production milestone of 100 tonnes per day (tpd) of mineralized material by Q3 2025, supported by its current approved budget and short term mine plan. Following this milestone, sufficient infrastructure will be in place to systematically ramp up toward its Phase One Objectives of 350 tpd. Key operational and financial milestones anticipated over the remainder of 2025 include:
Q3 2025: Reach 100 tpd production
Q4 2025: Achieve operational break-even and declare commercial production.
H2 2025: Progressively scale underground infrastructure and production toward 350 tpd.
Kuya Silver will provide frequent operational updates to the market as these milestones are met.
Quality Assurance and Quality Control
Quality assurance and quality control include two sampling procedures. Underground vein material from stopes are sampled to confirm vein grades and to reconcile against the mine model; and sampling of freshly mined material in stockpiles to determine dilution and the head grade that is sent to the processing plant.
Underground vein sampling was conducted systematically every 4 meters along the galleries. This involved excavating a narrow and continuous channel either parallel to the vein or perpendicular to its orientation. The entire volume of material excavated from the channel was collected as a sample.
Freshly mined material in the stockpiles and concentrate stockpiles were sampled using trenching, a method involving the excavation of narrow trenches perpendicular to the major axis of the pile. Trenches were systematically dug at regular intervals across all depths of the pile. The location of each trench was referenced to a topographic control point and recorded in the sampling log.
All material was carefully collected on plastic sheets, then pulverized at the mine site. The pulverized material was quartered, and one quarter was labeled and secured in vinyl sample bags. The samples were then transported to Dmtri I. Mendelejeff laboratory in Huancayo for processing using fire assay followed by atomic absorption spectroscopy (AAS).
All concentrate assay results are cross-checked against independent analyses conducted by Trafigura, our offtake purchaser. Furthermore, sample security protocols include sealed trucks for transporting run-of-mine (ROM) material and concentrate trucks with tamper-proof devices with safety seals, and a documented custody chain overseen by the mine superintendent.
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. Kevin J. O'Connell, P.E., Independent Technical Advisor to of Kuya Silver and a Qualified Person as defined by National Instrument 43-101.
About Kuya Silver Corporation
Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
For more information, please contact:
David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
www.kuyasilver.com
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favorable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, any discussion of the potential of exploration targets, assay results and the proposed use of the proceeds of the Offering, is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250748
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