Kuya Silver Corp. reports operating and exploration developments for its silver-focused mining business, centered on the Bethania silver mine in Peru. Company news commonly covers Bethania production, underground development, drilling, infrastructure and processing-capacity initiatives, financings, equity awards, financial results, leadership appointments, and exploration results from district-scale precious-metals projects.
Kuya Silver also discloses updates tied to precious-metals assets in Peru and Canada, along with the Umm-Hadid joint venture in Saudi Arabia. The Bethania mine was officially restarted in May 2024, and recurring updates frame production growth alongside regional silver vein-system exploration.
Kuya Silver (CSE: KUYA, OTCQB: KUYAF, FSE: 6MR1) announced the successful closing of its non-brokered flow-through private placement, raising CDN$2,500,160 in gross proceeds. The company issued 5,208,667 flow-through units at CDN$0.48 each, comprising one flow-through common share and one-half of a non-transferable common share purchase warrant. Each warrant allows the purchase of one non-flow-through common share at CDN$0.64 until June 19, 2026. The funds will be allocated towards Canadian Exploration Expenses for Kuya Silver's projects in Ontario. Finder's fees included a cash commission of CDN$34,809.61 and an equity commission worth CDN$115,200, resulting in 267,907 common shares issued. All issued securities are subject to a hold period until October 20, 2024, as per Canadian regulations.
Kuya Silver (CSE: KUYA, OTCQB: KUYAF, FSE: 6MR1) announced a non-brokered flow-through private placement to raise up to CDN$2 million. The Offering involves issuing up to 4,166,667 flow-through units at CDN$0.48 per unit. Each unit includes one flow-through common share and half a warrant, with a full warrant allowing the purchase of a non-flow-through common share at CDN$0.64 within 24 months. The proceeds will fund Canadian exploration expenses, especially on the Silver Kings project in Ontario. Finder's fees, including a 6% cash commission and 6% equity commission, may be paid. Securities from the Offering will have a holding period of 4 months and 1 day. Kuya Silver aims to build value for the Silver Kings project while ramping up production from the Bethania silver mine.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) has announced the start of production at their Bethania silver mine, marking a significant milestone. Initial mineralized material is being extracted from the Española vein system at the 640 level and stockpiled for future milling. Production is expected to increase to an initial target of 350 tons per day over the next year. Reconditioning efforts are ongoing at the 640 and 670 levels to ensure safe production. As operations scale, the company aims to transition to more frequent processing batches. COO Christian Aramayo emphasized the dedication and safety culture of the Kuya Silver team in reaching this milestone.
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