Kuya Silver Reports Q1, 2026 Financial Results - Strengthens Cash Position to USD$27.2 Million
Rhea-AI Summary
Kuya Silver (OTCQB: KUYAF) reported Q1 2026 revenue of $1.46M, up from $0.23M in Q1 2025 and $0.31M in Q4 2025, driven by Bethania silver concentrate sales.
Cash rose to $27.2M, net loss improved to $1.24M, and 2026 Bethania production is targeted at 150,000–200,000 oz AgEq with Phase 1 ramp-up to 350 tpd underway.
Positive
- Q1 2026 revenue increased to $1.46M from $0.23M in Q1 2025
- Cash balance strengthened to $27.2M as of March 31, 2026
- Net loss narrowed to $1.24M from $1.35M year-over-year
- Exploration and evaluation expenditures decreased to $0.40M from $0.88M
- Bethania 2026 production targeted at 150,000–200,000 oz AgEq
- Phase 1 ramp-up to 350 tpd at Bethania in progress
Negative
- Company still reported a net loss of $1.24M in Q1 2026
- Capital expenditures expected to increase in H2 2026
- Short-term variability in grades expected during development material extraction
- 2026 production weighted toward Q4, increasing timing concentration
News Market Reaction – KUYAF
In the May 27 session, KUYAF declined 8.15%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Q1 revenue of
Kuya Silver to hold a conference call webinar on May 27, 2026 to discuss Q1 2026 financial results
Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce financial and operating results for the three months ending March 31, 2026. All amounts are in US dollars, unless otherwise noted.
Kuya strengthened its cash position to
During the first quarter of 2026, the Company's revenue increased significantly to
Exploration and evaluation expenditures decreased to
Net loss for the quarter improved to
David Stein, Kuya Silver's President and CEO, commented, "We are pleased with the steady growth we are seeing at Bethania project, generating substantial revenues to offset our planned development expenditures, and further supported by our strong cash position. Kuya Silver continues to assemble an impressive operations team in Peru and working with excellent contractor partners to unlock value at the Bethania silver mine – expanding production and exploration efforts over the remainder of the year and into 2027."
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Camila Plant Acquisition Update
The Company continues to advance due diligence in connection with the proposed acquisition including technical, legal, regulatory, and operational reviews associated with the transaction.
Outlook
Bethania's production in 2026 is targeted to reach 150,000-200,000 silver equivalent ounces with production weighted towards the fourth quarter of the year as underground development activities continue to advance. During the remainder of 2026, underground activities will focus on developing the underground infrastructure required to expand production. As development material is extracted, some short-term variability in grades is expected; however grades and recoveries are expected to stabilize as the first phase of the new ramp and ore-handling systems are completed.
The Company's exploration program will combine underground and surface diamond drilling. Underground drilling will be focused on the Bethania mine (Santa Elena concession) to enhance geological understanding at depth and assist with future mine planning. Surface program is designed to expand known mineralized structures near existing operations and test high-priority regional silver vein systems within trucking distance to the Bethania mine.
Upcoming Conference Call Webinar
Kuya Silver will host a conference call webinar taking place on Wednesday, May 27th at 9:00 am ET / 6:00 am PT. During the event, Kuya management will provide an in-depth overview of Q1 2026 financial results and provide a market update on operations at the Bethania Project. A live Q&A will follow the presentation.
Register: https://6ix.com/event/kuya-silver-market-update
A replay of the webinar will be made available later that day through the same link.
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 Kuya Silver and Osbaldo Zamora, PhD., P.Geo., Vice President Exploration with Kuya Silver, Qualified Persons as defined by National Instrument 43-101.
About Kuya Silver Corporation
Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.
For further information, please contact:
David Stein, President & Chief Executive Officer
Telephone: (604) 398-4493
Email: info@kuyasilver.com
Website: 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. 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/299017