Kuya Silver Corporation
Kuya Silver is ramping up underground silver production at its 100%-owned Bethania mine in central Peru, targeting a 350-tonne-per-day Phase 1 rate by the end of 2026 after achieving record Q2 2026 output; the company also owns the earlier-stage Silver Kings silver project in Northern Ontario, Canada, and has agreed to acquire the Camila mill it currently tolls ore through.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.9/10.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Jan 2022 · Source
- Not yet reached · Recorded, but disputed: not counted as reached · Source
- Jan 2024 · Source
- May 2024 · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
Peru is an established Latin American mining jurisdiction with a mature regulatory framework, but carries moderate permitting, community-relations, and political-continuity risk relative to Canada/US/Australia.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Bethania Silver Project, Peru.
Nearby producing mine (20%)10/10
Corihuarmi (Minera IRL S.A.) is 8 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:9.2/10
Nearest producing mine: Corihuarmi (Minera IRL S.A.), 8 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Peru: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Kuya Silver Corporation, and the founder of Kuya, having been President since 2017. (CFA, MSc.) Educated with a technical background in geology and engineering, he moved into the capital markets early in his career, in 2001, as a mining equities analyst for a prominent Canadian broker-dealer. More recently he was President and CEO of Aberdeen International, where he led various private equity and public company investment mandates.
Chief Operating Officer and Director of Kuya Silver Corporation. More than seventeen years of experience in the mining industry in North and South America, the Caribbean, Europe and Africa. Throughout his career he has been closely associated with the practices that make for world-class mining operations and projects, including challenging operations such as Pueblo Viejo, Paracatu, Fruta del Norte and Tasiast. A Chartered Engineer who holds a Master's Degree in Science from the University of Manchester (UK) in Decision Sciences and a Master's Degree in Metallurgy.
Chief Financial Officer of Kuya Silver Corporation. (CPA) A Chartered Professional Accountant with over 20 years of experience in the mining industry, bringing a foundation in financial reporting, internal controls, strategic planning, treasury management and change management. Her career has been marked by a consistent track record of optimizing operations for Canadian mining companies across Latin America and Europe, including Chile, Mexico, Colombia, Brazil and Spain. Most recently served as Chief Financial Officer and Corporate Secretary for ATEX Resources, and prior to joining ATEX in 2023 was Vice President of Finance at GCM Mining, where she played a key role in its successful merger with Aris Mining. Previous leadership roles include senior finance positions at Detour Gold, Torex Gold Resources, Primero Mining and Largo Resources.
Vice President Exploration of Kuya Silver Corporation. (PGeo). A senior exploration geologist with over 25 years of international experience in mineral exploration, project management and technical leadership across North and South America. Previously held senior technical and management roles with Discovery Silver, Minera Adularia, Azucar Minerals and Altiplano Minerals. Holds a Ph.D. in Economic Geology from the University of Alberta and an M.Sc. in Petrology and Geochemistry from the National University of Mexico.
Vice President Corporate Development of Kuya Silver Corporation. Over 15 years' experience in the management of publicly listed and privately held companies in the resource sector, having been actively engaged in overseeing the day-to-day operations of several companies where he has held various senior officer positions. Holds a BA in Economics from the University of Calgary.
Corporate Secretary of Kuya Silver Corporation. The principal of Benchmark Governance, providing corporate compliance, administration and governance support to private and public companies in the resource and technology sectors. Over twenty years of experience serving on, and for, numerous boards of directors of public listed companies.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Institutional ownership is 9% and management holds about 6.8%. No producer, strategic corporate backer or funded earn-in/joint venture with a major over the Bethania silver mine in Peru was identified. Kuya is listed on the CSE, which sits outside the institutional-ownership reporting that covers larger exchanges, so the rest of the register is unusually hard to see.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Kuya Silver owns 100% of the past-producing Bethania silver mine in central Peru, which it restarted in May 2024 by toll milling ore through the third-party Camila mill, which it has since agreed to acquire. In the second quarter of 2026 Bethania set records, mining 5,097 t and processing 23,912 oz of silver (30,559 oz silver equivalent) at an average grade of 5.9 oz/t silver and recoveries of about 79.7%, and the company is targeting a Phase 1 rate of 350 tpd by the end of 2026. Indicated resources, effective 10 December 2021, contain 4,317,540 oz of silver (404,000 t at 10.7 oz/t), with no measured category, plus 5,600,256 oz inferred. The 2022 preliminary economic assessment, based on toll milling, shows an after-tax NPV5% of US$54.7M and a 188% IRR at US$25.40/oz silver over a 6.5-year mine life. Kuya also owns the earlier-stage Silver Kings silver project in Northern Ontario.