In this KE Report company update, we welcome back David Stein, President and CEO of Kuya Silver, to discuss the company’s recently announced $5 million Letter of Intent (LOI) with the newly launched royalty company, Silver Crown Royalties.

This deal brings in $3 million USD in cash and $2 million in Silver Crown shares, structured around a sliding-scale silver royalty at Kuya’s flagship Bethania Silver Project in Peru:

• Initial 4.5% royalty on 475,000 ounces of silver
  
  
• Reduces to 1% royalty on silver production for the life of mine
  
  

David explains why this is a strategic, non-dilutive financing that provides significant near-term and long-term value. The cash infusion could accelerate ramp-up plans beyond the current 100 tpd target, support earlier-stage exploration, and strengthen the company’s position in the silver development space.

Key highlights from the interview:

• No cap on silver upside: Only silver is subject to the royalty, leaving byproduct revenue untouched, and the royalty steps down after initial ounces delivered
  
  
• Operational ramp-up underway: Strong May production points to Q2 improvements, with operational updates to be issued quarterly
  
  
• Exploration upside: Focus remains on expanding known veins at depth from underground drilling, with low-cost/high-impact targets prioritized
  
  

David also shares why Kuya chose to take an equity stake in Silver Crown, gaining early exposure to a pure-play silver royalty company.

If you have any follow up questions for David please email me at Fleck@kereport.com.

Click here to visit the Kuya Silver website.