Welcome to our dedicated page for Kuya Silver news (Ticker: KUYAF), a resource for investors and traders seeking the latest updates and insights on Kuya Silver stock.
About Kuya Silver Corporation
Kuya Silver Corporation (CSE: KUYA, OTCQB: KUYAF, FSE: 6MR1) is a Canadian-based mining and exploration company specializing in the acquisition, exploration, and development of high-grade silver and polymetallic assets. With a dual focus on production and exploration, Kuya Silver operates in two key mining jurisdictions: Peru and Canada. The company’s flagship operation, the Bethania Silver Mine in Peru, underscores its commitment to revitalizing historic mining districts and leveraging modern mining techniques for sustainable and efficient production.
Flagship Project: Bethania Silver Mine
Located in the prolific silver-producing region of Peru, the Bethania Silver Mine is Kuya Silver’s cornerstone asset. Originally operated as a small-scale mine, Bethania is being transformed into a modern mining operation under Kuya's stewardship. The mine features a swarm of structurally controlled silver-polymetallic veins, many of which extend to surface, making it an ideal candidate for both conventional underground mining and innovative surface extraction techniques. Kuya Silver has recently partnered with Novamera Inc. to explore the implementation of their patented Surgical Mining™ process, which is expected to add up to 100 tons per day of additional production with minimal environmental impact. This dual approach positions Bethania as a scalable and sustainable operation, capable of meeting growing global demand for silver.
Exploration Initiatives: Silver Kings Project
In addition to its production activities in Peru, Kuya Silver is advancing the Silver Kings Project in Ontario, Canada. Situated in the historic Cobalt mining camp, the project is focused on high-grade silver-cobalt mineralization. Recent drilling campaigns have yielded promising results, including the discovery of bonanza-grade silver veins and extensive ladder vein structures. These findings highlight the district-scale potential of the Silver Kings property, reinforcing Kuya’s position as a growth-oriented mining company with a robust pipeline of exploration targets.
Innovative Technologies and Sustainable Practices
Kuya Silver is at the forefront of integrating innovative technologies into its operations. The partnership with Novamera Inc. exemplifies its commitment to sustainable mining practices, utilizing data-driven hardware and software solutions to minimize waste and environmental disruption. Additionally, the company’s exploration and development strategies are informed by advanced geophysical modeling and 3D structural analysis, ensuring efficient resource utilization and maximizing economic potential.
Competitive Positioning
Operating in a competitive industry, Kuya Silver differentiates itself through its focus on high-grade silver assets, strategic partnerships, and a dual-track strategy that balances near-term production with long-term exploration. By revitalizing historic mining districts and employing cutting-edge technologies, the company is well-positioned to capitalize on the growing demand for silver, driven by its applications in electronics, renewable energy, and investment markets.
Commitment to Excellence
Kuya Silver’s experienced management team brings a wealth of expertise in mining, geology, and project development. The company’s focus on operational efficiency, sustainability, and community engagement underscores its commitment to creating value for stakeholders while adhering to the highest standards of environmental and social responsibility.
Kuya Silver has launched its 2024 Silver Kings Exploration Program to drill high-priority silver-cobalt targets, focusing on Campbell-Crawford, Airgiod, and Frontier NW zones.
The company plans to commence drilling at least 10,000 meters in Q3 2024, building on 2023 discoveries. Key areas include the Angus Vein at Campbell-Crawford with six mineralized veins, Moran and Clark Veins at Airgiod, and the Hammerstrom fault at Frontier NW.
High-grade mineralization has been detected, including up to 23 g/t silver, 4.1% cobalt, and 1.1% nickel at Frontier NW. The program aims to expand resource growth and production, complementing Kuya Silver’s flagship Bethania silver mine in Peru.
Kuya Silver (CSE: KUYA, OTCQB: KUYAF, FSE: 6MR1) announced the successful closing of its non-brokered flow-through private placement, raising CDN$2,500,160 in gross proceeds. The company issued 5,208,667 flow-through units at CDN$0.48 each, comprising one flow-through common share and one-half of a non-transferable common share purchase warrant. Each warrant allows the purchase of one non-flow-through common share at CDN$0.64 until June 19, 2026. The funds will be allocated towards Canadian Exploration Expenses for Kuya Silver's projects in Ontario. Finder's fees included a cash commission of CDN$34,809.61 and an equity commission worth CDN$115,200, resulting in 267,907 common shares issued. All issued securities are subject to a hold period until October 20, 2024, as per Canadian regulations.
Kuya Silver (CSE: KUYA, OTCQB: KUYAF, FSE: 6MR1) announced a non-brokered flow-through private placement to raise up to CDN$2 million. The Offering involves issuing up to 4,166,667 flow-through units at CDN$0.48 per unit. Each unit includes one flow-through common share and half a warrant, with a full warrant allowing the purchase of a non-flow-through common share at CDN$0.64 within 24 months. The proceeds will fund Canadian exploration expenses, especially on the Silver Kings project in Ontario. Finder's fees, including a 6% cash commission and 6% equity commission, may be paid. Securities from the Offering will have a holding period of 4 months and 1 day. Kuya Silver aims to build value for the Silver Kings project while ramping up production from the Bethania silver mine.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) has announced the start of production at their Bethania silver mine, marking a significant milestone. Initial mineralized material is being extracted from the Española vein system at the 640 level and stockpiled for future milling. Production is expected to increase to an initial target of 350 tons per day over the next year. Reconditioning efforts are ongoing at the 640 and 670 levels to ensure safe production. As operations scale, the company aims to transition to more frequent processing batches. COO Christian Aramayo emphasized the dedication and safety culture of the Kuya Silver team in reaching this milestone.
FAQ
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