David Stein, President and CEO of Kuya Silver, leads operations and exploration at the Bethania Mine. He discusses ramping Bethania toward 350 TPD and phased development progress. He outlines a fully funded 20,000-meter drill program split between underground expansion and new surface vein testing. He also covers due diligence on a potential Carmila processing plant acquisition and how strong silver prices affect plans.
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insights INSIGHT
Scheduled Q1 Operations And Financial Updates
Kuya Silver will publish a Q1 operational update in mid-April followed by audited and Q1 financials in April and May.
David Stein said Q1 showed strong ramp-up progress and multiple press releases and updates are planned in Q2.
insights INSIGHT
Development Expands To Southern Veins
Internal development work is drifting south to the Victoria and Dos Cidamayo veins to diversify production beyond Española.
David Stein said the company used its own crews to access these southern veins and plans contractors to accelerate further development.
insights INSIGHT
Mine Generating Near Break Even Cash Flow
Bethania's operations generated enough concentrate revenue in Q1 that Kuya did not send funds from Canada to Peru.
Stein said that warrants exercised also boosted cash, bringing the company's burn rate close to zero going into Q2 and Q3.
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In this Company Update, I chat with David Stein, President and CEO of Kuya Silver, for a comprehensive update on the company’s operations, development, and aggressive exploration plans for 2026. David provides a deep dive into the progress at the Bethania Mine and how the company is positioned to capitalize on a volatile yet strong silver market.
Key Discussion Points:
Bethania Mine Ramp-Up: An update on the phased expansion to 350 tons per day (TPD) and the operational progress made through Q1 2026.
Financial Resilience: Insight into the company’s current "break-even" status.
20,000-Meter Drill Program: Details on the fully funded exploration strategy, split between underground resource expansion and testing new silver vein systems.
Strategic Acquisitions: Status of the due diligence process for the Carmila processing plant and how it fits into the company’s long-term vertical integration.
Silver Market Dynamics: David’s perspective on operating in a high-price environment and how $80+ silver impacts the company’s bottom line and project economics.
If you have any follow-up questions for David, please email me at Fleck@kereport.com.
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
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