David Stein, President and CEO of Kuya Silver (CSE:KUYA – OTCQB: KUYAF – FRA:6MR1), joins us to discuss the latest operational update and production ramp-up at the Bethania Silver Project in Peru, following the company’s May 5th news release.
David provides a full Q1 recap, highlighting improved head grades, higher recoveries, and a significant ramp-up in daily production throughput. The company achieved steady daily mining and blasting operations in Q1, with silver equivalent grades rising to 385 g/t, a notable increase from 2024’s average due to a shift away from processing low-grade stockpiles.
Key topics covered:
- Transition to higher-grade, fresh feed material and its impact on grades and recoveries
- April throughput doubled vs Q1 average, ramp up continues in May
- Targeting 100 tpd in Q3 and operational break-even in Q4
- No plans for new equity financing, with recent capital raise already accelerating development
- Optionality to self-fund further ramp-up or initiate exploration, including planned underground drilling
Kuya Silver is focused on becoming a profitable, high-grade silver producer, with near-term plans to scale toward 350 tpd while preparing to expand both mining and exploration efforts.
If you have any follow up questions for David please email me at Fleck@kereport.com.