Kuya Silver beefs up leadership team in Peru, shares rise
Kuya Silver Corp. [KUYA-CSE, KUYAF-OTCQB, 6MR1-FSE] has announced a significant strengthening of its in-country leadership as the company advances the production ramp-up of its Bethania Silver Mine in Peru.
The company said it has appointed Edgardo Orderique, former General Manager of MMG’s Las Bambas copper mine in Peru, as General Manager, Peru, alongside a seasoned operational and finance team.
The company has also announced the appointment of three senior managers to lead the operations in Peru. It said these appointments are intended to strengthen operational, financial and administrative execution as production increases at Bethania. The company said Orderique is a leader who ran a 150,000 tonne-a-day mine with 8,800 personnel, and is therefore a significant addition to the operating team in Peru as the company ramps up production at Bethania to 350 tonnes per day.
Kuya Silver shares advanced on the news, rising 4.49% or $0.04 to 93 cents on Friday. The shares are trading in a 52-week range of $1.25 and 26 cents.
“As we advance the Bethania mine towards higher steady-state production levels, it is important that our operational and financial leadership is aligned with that growth,’’ said Kuya President and CEO David Stein. “The addition of senior leaders in Peru strengthens are ability to execute safely, efficiently, and in accordance with our development plans.”
For the three months and year ended December 31, 2025, the company reported revenue of $307,331 from Bethania concentrate sales, compared to $150,129 revenue in the fourth quarter of 2024. The company also recorded a net loss of $428,930 in the fourth quarter of 2025, a significant reduction from the loss of $1.9 million in the fourth quarter of 2024. For the full 2025 year, Kuya recorded a net loss of $3.58 million, down from a year ago loss of $6.04 million.
The company said it held approximately $27 million in cash as of March 31, 2026, meaning it is fully funded for the ramp up to 350 tonnes per day as well as an expanded 20,000-metre exploration program planned for 2026.
The Bethania Silver project is located on the Cordillera Central in Central Peru, approximately 316 kilometres by road from Lima. It is a region that contains prolific and prospective base and precious metals belts.
The project consists of four concessions covering 1,750 hectares that are accessible year-round via a four-hour drive from the city of Huancayo.
The mine was previously in production until 2016, toll milling its ore at various concentrate plants in the region.
Prior to resuming production in May, 2024, Kuya announced details of a toll milling agreement and development plan for the Bethania project.
Kuya said Compania Minera San Valentin (CMSV) has pledged to process run-of-mine material at their plant located 20 kilometres by road from the Bethania project. “This same plant processed material from Bethania between 2013 and 2015, and has a nameplate capacity of 500 tonnes per day,’’ Kuya said.