Kuya Silver just sent an email to shareholders, with a few quick words on the company’s recent successes.
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The past six weeks have been among the most eventful in Kuya’s short history.
3 main things have happened in that period:
– They reported their first-ever mineral resource of Bethania
– They got the construction authorization of the new Bethania process plant
– They gave the an exploration updated, which demonstrated new discoveries at surface at the Bethania project
In many ways these recent weeks have been a shining example of Kuya’s “Dual Track Value Creation”.
Kuya’s engineering and development team has been working along side the exploration team to create superior value and growth not only through exploration success, but success with permitting and mine development as well. This is important because a discovery or an ore deposit on its own has an unknown future value.
With the processing plant being permitted, Kuya is now on a quest to prove that every ounce of silver they find at Bethania, will eventually come out of the ground, and be turned into cash flow.
This proves that, while Kuya’s near-term production potential is what caught my eye, their exploration potential is not to be underestimated.
All of this comes from the work the company has done on Bethania, but they own so much more, with a lot more potential, like the nearby Carmelita project, which David Stein, Kuya’s CEO, told me looks a whole lot like Bethania to him.
Kuya Silver seems very excited and confident on being able to prove that what they have in Peru is not only a small silver discovery story, or a one-off mine, but a growing silver district.
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