Kuya Silver Announces First Concentrate Sale from the Bethania Project
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) has announced its first concentrate sale from the Bethania silver mine in Peru. Key highlights include:
- 420 metric tonnes of mineralized material processed to date
- First sale of 9.58 dry metric tonnes of silver-lead concentrate
- Successful testing of the entire value chain from mining to delivery
- Ongoing stockpiling of mineralized material at the mine site
The company's CEO, David Stein, expressed excitement about processing silver-rich material as silver prices reach multi-year highs. Kuya Silver receives a 90% advance payment upon concentrate delivery, with final payment after content verification. The company expects batch sizes to increase as operations ramp up, ensuring a steady supply of concentrate from the Bethania project.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) ha annunciato la sua prima vendita di concentrato dalla miniera d'argento Bethania in Perù. I punti salienti includono:
- 420 tonnellate metriche di materiale mineralizzato elaborate fino ad oggi
- Prima vendita di 9,58 tonnellate metriche secche di concentrato di argento-piombo
- Test di successo dell'intera catena del valore, dalla miniera alla consegna
- Accumulo continuato di materiale mineralizzato presso il sito minerario
Il CEO dell'azienda, David Stein, ha espresso entusiasmo riguardo alla lavorazione di materiale ricco di argento poiché i prezzi dell'argento raggiungono i massimi pluriennali. Kuya Silver riceve un pagamento anticipato del 90% al momento della consegna del concentrato, con il pagamento finale dopo la verifica del contenuto. L'azienda prevede che le dimensioni dei lotti aumenteranno man mano che le operazioni aumentano, garantendo un approvvigionamento costante di concentrato dal progetto Bethania.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) ha anunciado su primera venta de concentrado de la mina de plata Bethania en Perú. Los puntos destacados incluyen:
- 420 toneladas métricas de material mineralizado procesadas hasta la fecha
- Primera venta de 9.58 toneladas métricas secas de concentrado de plata-plomo
- Pruebas exitosas de toda la cadena de valor desde la minería hasta la entrega
- Acumulación continua de material mineralizado en el sitio de la mina
El CEO de la compañía, David Stein, expresó su entusiasmo por procesar material rico en plata mientras los precios de la plata alcanzan máximos de varios años. Kuya Silver recibe un pago anticipado del 90% en el momento de la entrega del concentrado, con el pago final después de la verificación del contenido. La empresa espera que los tamaños de lote aumenten a medida que las operaciones se incrementen, garantizando un suministro constante de concentrado del proyecto Bethania.
쿠야 실버 (CSE: KUYA) (OTCQB: KUYAF)는 페루 베타니아 은광에서 첫 번째 콘센트레이트 판매를 발표했습니다. 주요 사항은 다음과 같습니다:
- 현재까지 가공된 광물화 물질 420 메트릭톤
- 9.58 메트릭톤의 드라이 은-납 콘센트레이트 첫 판매
- 광산에서 배송까지 전 가치 사슬의 성공적인 테스트
- 광산 현장에서의 광물화 물질의 지속적인 재고 쌓기
회사의 CEO인 데이비드 스타인은 은 가격이 몇 년 만에 최고치에 도달함에 따라 은이 풍부한 물질을 가공할 수 있게 되어 매우 기쁘다고 전했습니다. 쿠야 실버는 콘센트레이트 인도 시 90%의 선지급금을 받으며, 내용물 검증 후 최종 지급을 받습니다. 회사는 운영이 증가함에 따라 배치 크기가 증가할 것으로 예상하며, 베타니아 프로젝트에서의 콘센트레이트의 지속적인 공급을 보장할 것입니다.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) a annoncé sa première vente de concentré de la mine d'argent Bethania au Pérou. Les points clés incluent :
- 420 tonnes métriques de matériau minéralisé traitées à ce jour
- Première vente de 9,58 tonnes métriques sèches de concentré argent-plomb
- Tests réussis de l'ensemble de la chaîne de valeur, de l'exploitation minière à la livraison
- Stockage continu de matériau minéralisé sur le site de la mine
Le PDG de l'entreprise, David Stein, a exprimé son enthousiasme pour le traitement de matériel riche en argent alors que les prix de l'argent atteignent des sommets pluriannuels. Kuya Silver reçoit un paiement anticipé de 90 % lors de la livraison du concentré, avec un paiement final après vérification du contenu. L'entreprise s'attend à ce que les tailles de lot augmentent à mesure que les opérations montent en puissance, garantissant un approvisionnement constant en concentré du projet Bethania.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) hat seinen ersten Verkauf von Konzentraten aus der Silbermine Bethania in Peru angekündigt. Die wichtigsten Punkte sind:
- Bislang bearbeitete 420 metrische Tonnen mineralisiertem Material
- Erster Verkauf von 9,58 trockenen metrischen Tonnen Silber-Blei-Konzentrat
- Erfolgreiche Tests der gesamten Wertschöpfungskette vom Bergbau bis zur Lieferung
- Laufende Lagerung von mineralisiertem Material am Standort der Mine
Der CEO des Unternehmens, David Stein, äußerte sich begeistert über die Verarbeitung von silberreichen Materialien, während die Silberpreise Höchststände in mehreren Jahren erreichen. Kuya Silver erhält 90 % Vorauszahlung bei Lieferung des Konzentrats, mit der endgültigen Zahlung nach Überprüfung des Inhalts. Das Unternehmen erwartet, dass die Batch-Größen zunehmen, während die Produktion hochgefahren wird, um eine stetige Versorgung mit Konzentrat aus dem Bethania-Projekt sicherzustellen.
- First concentrate sale from Bethania silver mine completed
- 420 metric tonnes of mineralized material processed to date
- Successful testing of entire value chain from mining to delivery
- 90% advance payment received upon concentrate delivery
- Ongoing stockpiling of mineralized material for future processing
- Silver prices reaching multi-year highs, potentially benefiting the company
- Production still in ramp-up phase, not yet at full-scale
Toronto, Ontario--(Newsfile Corp. - October 22, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has sold its first batch of concentrate from Kuya Silver's Bethania silver mine in Peru, with a second batch of concentrate having been delivered and awaiting settlement. Kuya Silver continues to ramp up production from the Bethania silver mine and the milestone of our first sale represents an important step as we continue to progress and grow our flagship silver project.
Key Highlights:
- 420 metric tonnes of mineralized material, gathered during preparatory, development and mining activities at Bethania has been processed to date at the toll milling facility.
- The first sale was 9.58 dry metric tonnes of silver-lead concentrate.
- This initial concentrate shipments and sales marks the culmination of a thorough de-risking process that tested the entire value chain-from mining to toll milling, logistics, security, chain of custody, compliance and final delivery to Impala Terminals in Callao (port).
- Kuya Silver is pleased to report that all processes, protocols, and logistics performed without issue, confirming that the Company's systems are ready for full-scale production.
- Kuya Silver continues to stockpile mineralized material at the mine site awaiting transport to the mill, with this process evolving to be a regular part of the mining operations.
David Stein, Kuya Silver's President and CEO remarked, "The Company is very excited to be in the position to start processing silver-rich material from the Bethania mine just as the price of silver is breaking out to multi-year highs. However, the team acknowledges that the ramp-up effort continues and will be an on-going focus for the Company as we look to grow our production. Our first sale of concentrate represents a significant milestone for the Company and I would like to congratulate our entire team in Peru for this achievement."
In accordance with Kuya Silver's off-take agreement, current and future batches of both silver-lead and zinc-silver concentrates will continue to follow the agreed terms and conditions. Upon delivery of each concentrate batch Kuya Silver receives an advance payment of
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Kevin J. O'Connell, P.E., Independent Technical Advisor to Kuya Silver and a Qualified Person as defined by National Instrument 43-101.
About Kuya Silver Corporation
Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.
For more information, please contact:
David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
www.kuyasilver.com
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, any discussion regarding the Company's business operations, is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227405
FAQ
What was the size of Kuya Silver's first concentrate sale from the Bethania Project?
How much mineralized material has Kuya Silver (KUYAF) processed from the Bethania mine to date?
What percentage of payment does Kuya Silver receive upon delivery of concentrate batches?
Where is the final delivery point for Kuya Silver's (KUYAF) concentrate from the Bethania Project?
