Kuya Silver Reports Third Quarter 2025 Results
Executive Summary
- Kuya Silver reported Q3 2025 operating results from the Bethania Silver Project, achieving a record single‑day underground production of 102.5 t and processing 1,841 t of concentrate, yielding 16,983 oz Ag.
- The company completed a $6.57 M (CAD $9.07 M) private placement in Q3, raising cash to $6.63 M and net working capital to $6.30 M, strengthening liquidity for the ramp‑up.
- Financially, Q3 revenue was $771,084; net loss narrowed to $1.52 M (vs. $1.55 M a year earlier). Nine‑month net loss improved to $3.16 M from $4.17 M YoY.
Key Details
- Production & Processing
- Average throughput in Q3: ~90 t/day (mix of fresh underground and stockpile material).
- Record single‑day mining: 102.5 t of mineralized material (early November).
- Total concentrate processed Q3: 1,841 t at toll mill → 16,983 oz Ag sold.
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Year‑to‑date production: 2,296 t mined; Q3 contribution 417 t.
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Infrastructure Upgrades
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Completed 11.6 km of road maintenance, reinforced underground supports, installed new compressor and higher‑capacity generator, upgraded camp accommodations.
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Financing
- Private placement: 18,140,000 units for gross proceeds $6,566,000 (CAD $9,070,000).
- Cash at quarter‑end: $6,628,147 (≈ CAD $9.3 M); net working capital surplus $6,301,753 vs. deficit of $677,145 on Dec 31 2024.
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Post‑quarter warrant exercises: 3,502,528 warrants → CAD $1,295,411 proceeds.
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Financial Highlights (Q3)
- Revenue: $771,084 (Bethania concentrate sales).
- Production costs: $1,165,790.
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Net loss: $1,523,898 (vs. $1,550,267 Q3 2024).
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Financial Highlights (9‑Month)
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Net loss: $3,155,443 vs. $4,168,928 YoY improvement.
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Management & Personnel
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Added Dr. Osbaldo Zamora, P.Geo as VP of Exploration; Gerardo Acuña (FAusIMM) as Mine Superintendent.
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Research Sponsorship
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Entered a one‑year, renewable $75,000 research sponsorship with Noble Capital Markets for independent analysis.
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Outlook & Future Plans
- Target: stable 100 t/day production at Bethania as step toward Phase 1 goal of 350 t/day in 2026.
- Commencing 5,000 m underground drilling program on Santa Elena concession.
- Evaluating additional capital for a fully‑permitted on‑site processing plant; may pursue separate financing.
Notable Quotes
- Christian Aramayo, COO: “We successfully executed the necessary operational upgrades in Q3 to clear the path for growth…the recent record of 102.5 t…is the clearest indicator yet of the Bethania mine’s inherent capacity.”