Kuya Silver Reports Q2, 2026 Financial Results - Advances Bethania Mine Development and Drilling Program

Rhea-AI Summary

Kuya Silver (OTCQB: KUYAF) reported financial and operating results for the six months ended June 30, 2026. The company held cash of $25.5 million, supporting exploration and mine development, including construction of a new ramp for the Bethania mine’s Phase 1 ramp-up to 350 tonnes per day.

Revenue for the first half of 2026 rose to $2.7 million from $1.3 million a year earlier, with Q2 revenue of $1.25 million, driven by higher silver production and prices. Exploration and evaluation expenditures declined to $1.0 million from $1.3 million, while the net loss widened to $2.8 million from $1.35 million, reflecting increased activity at Bethania and higher administrative costs.

According to Kuya Silver, exploration spending is expected to rise in H2 2026 as drilling expands and Bethania advances infrastructure and ramp-up activities. The company is also evaluating the proposed Camila Plant acquisition and continues onboarding contractors to accelerate mine development and underground drilling into 2027.

Positive

• Cash balance of $25.5 million as of June 30, 2026
• Revenue doubled to $2.7 million vs. $1.3 million (H1 2025)
• Exploration and evaluation spending reduced to $1.0 million from $1.3 million
• Bethania mine ramp-up supported by new ramp to 350 tpd
• Contractor onboarding planned to boost development and underground drilling in 2026–2027

Negative

• Net loss increased to $2.8 million from $1.35 million
• Higher administrative expenses as organizational structure scales up
• Exploration and evaluation expenditures expected to rise in H2 2026

News Explained

At June 30, 2026, Kuya Silver reported cash of $25.5 million, versus $27.2 million reported with its Q1 results on May 27, leaving the latest disclosed liquidity figure below the prior reported level.

Sources and calculations

• Kuya Silver Q2 2026 financial results release (2026-08-17)
• Kuya Silver Q1 2026 financial results news record (2026-05-27)

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Kuya Silver to hold a conference call webinar on August 17, 2026 to discuss Q2 2026 financial results

Toronto, Ontario--(Newsfile Corp. - August 17, 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 six months ending June 30, 2026.

The Company maintained a strong cash position of $25.5 million as at June 30, 2026, providing a solid financial foundation to support its exploration program, mine development initiatives including the construction of the new ramp required to support Bethania's Phase 1 ramp-up to 350 tonnes per day.

The Company's revenue increased significantly to $2.7 million during the first six months ended June 30, 2026, compared to $1.3 million in the comparable period of 2025, reflecting increased silver production from the Bethania operation in addition to the positive effect higher silver prices. Revenue for the quarter was $1.25 million.

Exploration and evaluation expenditures were $1.0 million during the first six months of 2026, compared to $1.3 million in the comparable period of 2025. Expenditures at Bethania remained broadly consistent year over year, while expenditures at Silver Kings decreased as the Company continues to evaluate low-cost opportunities to unlock the project's potential. Exploration and evaluation expenditures are expected to increase during the second half of 2026 as the expanded drilling program commences and Bethania advances critical infrastructure development and ramp-up activities.

The Company recorded a net loss of $2.8 million for the six months ended June 30, 2026, compared to $1.35 million in the same period of 2025. The larger net loss primarily reflects expenses related to significantly greater activity levels at Bethania associated with the ramp-up, together with increased administrative expenses as the Company continues to build the organizational structure and capabilities required to support its growing operations. The increase was partially offset by higher revenue from Bethania and lower exploration and evaluation expenditures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5945/309739_7a052289f4a5baa2_001full.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5945/309739_7a052289f4a5baa2_002full.jpg

Camila Plant Acquisition Update

The Company continues to the Company continues to evaluate the proposed acquisition and expects to provide a further update in due course.

Outlook

Kuya Silver continues the process to onboard contractors at the Bethania mine to augment its workforce, which is expected to accelerate both mine development and underground drilling productivity in Q3 2026, continuing for the remainder of the year and into 2027. In the near term, the mine team has initiated a focused development program, allocating additional resources to unlock mineralized material for mining later this year and into 2027.

Upcoming Conference Call Webinar

Kuya Silver will host a conference call webinar taking place on Monday, August 17th at 9:00 am ET / 6:00 am PT. During the event, Kuya management will provide an in-depth overview of Q2 2026 financial results, cover recent news on the Silver Kings project 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-reports-q2-2026-financial-results-advances-bethania-and-drilling

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 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/309739

FAQ

How did Kuya Silver (KUYAF) perform financially in Q2 and H1 2026?

Kuya Silver reported H1 2026 revenue of $2.7 million and a net loss of $2.8 million. According to Kuya Silver, revenue rose from $1.3 million in H1 2025, while the higher loss reflected increased Bethania ramp-up and administrative costs.

What were Kuya Silver (KUYAF) revenues for the quarter and six months ended June 30, 2026?

Kuya Silver generated $1.25 million in Q2 2026 revenue and $2.7 million for H1 2026. According to Kuya Silver, this compares with $1.3 million in revenue for the first six months of 2025, driven by higher silver production and prices.

What is Kuya Silver’s cash position and how does it support the Bethania mine?

Kuya Silver reported $25.5 million in cash as of June 30, 2026, providing funding for exploration and Bethania mine development. According to Kuya Silver, this includes construction of a new ramp needed for Phase 1 ramp-up to 350 tonnes per day.

Why did Kuya Silver’s (KUYAF) net loss increase in H1 2026?

Kuya Silver’s net loss rose to $2.8 million in H1 2026 from $1.35 million a year earlier. According to Kuya Silver, this mainly reflects higher expenses from Bethania ramp-up activities and increased administrative costs, partly offset by higher revenue and lower exploration spending.

How are Kuya Silver’s exploration and evaluation expenditures changing in 2026?

Exploration and evaluation expenditures were $1.0 million in H1 2026, down from $1.3 million in H1 2025. According to Kuya Silver, spending is expected to increase in H2 2026 as the expanded drilling program begins and Bethania infrastructure development advances.

What are Kuya Silver’s development plans for the Bethania mine through 2027?

Kuya Silver plans to continue Bethania’s ramp-up, supported by a new ramp designed for 350 tonnes per day. According to Kuya Silver, contractor onboarding is expected to accelerate mine development and underground drilling from Q3 2026 through the remainder of 2026 and into 2027.

What is the status of Kuya Silver’s proposed Camila Plant acquisition?

The proposed Camila Plant acquisition remains under evaluation, and Kuya Silver has not announced final terms or timing. According to Kuya Silver, the company continues to assess the transaction and expects to provide a further update in due course.