Kuya Silver
Kuya Silver Corp is a junior silver mining company operating the Bethania mine in Peru and exploring the Silver Kings project in Ontario. It generates revenue through silver-rich concentrate sales and is pursuing vertical integration via the Camila Plant acquisition.
- Company typePublic
- Founded2017
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Kuya Silver does
Kuya Silver Corp is a publicly-traded junior mining company focused on acquiring, exploring, and producing silver from district-scale assets, listed on the CSE (KUYA), OTCQB (KUYAF), and Frankfurt (6MR1) and headquartered in Toronto with corporate offices in Vancouver and operations headquartered in Peru. The company's revenue engine is the Bethania Silver Mine in Peru's Huancavelica Department, a past-producing asset acquired via the December 2020 purchase of S&L Andes Export SAC, restarted in May 2024 after years on care and maintenance, and currently ramping from a 100-tonne-per-day milestone achieved in Q1 2026 toward a Phase 1 target of 350 tpd. Kuya Silver generates revenue by selling silver-rich concentrates produced through toll-milling arrangements, with lead and zinc concentrates generated as by-products from the polymetallic ore body; concentrate offtake is conducted through direct relationships including a strategic arrangement with Trafigura and reportedly includes Chinese buyers willing to pay above-spot premiums.
The company's portfolio extends beyond Bethania to the Silver Kings Project, a 16,000-hectare exploration property in Ontario's historic Cobalt mining camp containing roughly one-sixth of historic regional silver output, and to the Umm-Hadid Silver-Gold Project in Saudi Arabia held via a joint venture with Sumou Holding. Mineral processing relies on conventional crushing, grinding, and flotation circuits; exploration work leverages hyperspectral remote sensing combined with machine-learning-driven targeting to prioritize drill targets across large license areas. The company is pursuing vertical integration via a $7.8 million LOI to acquire the Camila Plant, a 150 tpd flotation facility currently toll-processing Bethania material, with expansion plans to 300-350 tpd intended to capture margin currently paid to third-party processors.
Kuya Silver is led by founder, President and CEO David Stein alongside a management team that includes former General Managers from MMG's Las Bambas and Glencore's Antapaccay, a CFO with prior CFO-level roles at ATEX Resources and GCM Mining, and a board with senior tenures at Hudbay Minerals, Primero Mining, and GMP Securities. Since 2020 the company has raised over CAD$54 million across multiple equity, convertible, and strategic rounds, including a CAD$25.5 million brokered private placement in January 2026 that brought the cash position to approximately USD$27 million. With production ramping toward 2026 targets of 150,000–200,000 oz AgEq and three active mineral jurisdictions, Kuya Silver is positioned as a near-term silver producer with district-scale exploration upside in Peru, Canada, and Saudi Arabia.
Kuya Silver firmographics
Firmographics- Name
- Kuya Silver
- Legal name
- Kuya Silver Corp.
- Website
- https://kuyasilver.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Kuya Silver Corp is a junior silver mining company operating the Bethania mine in Peru and exploring the Silver Kings project in Ontario. It generates revenue through silver-rich concentrate sales and is pursuing vertical integration via the Camila Plant acquisition.
- Ownership category
- akta.pro rank
Kuya Silver industry classification
Industry- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Kuya Silver is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Kuya Silver business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Silver Concentrate Sales: Kuya Silver generates revenue through the sale of silver-rich concentrates produced at the Bethania mine in Peru. The company currently uses toll milling arrangements but plans to bring processing in-house through the acquisition of the Camila plant to improve margins and operational control.
- Concentrate By-products: Revenue is also generated from lead and zinc concentrates as by-products from the Bethania polymetallic ore body.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commodity pricing based on market rates |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Kuya Silver product offering
Product offeringCore offering
Kuya Silver acquires, explores, and operates silver mining assets, producing silver-rich concentrates (plus lead and zinc by-products) from its operating Bethania Silver Mine in Peru. The company also holds the Silver Kings exploration project in Ontario, Canada, and a joint-venture interest in the Umm-Hadid silver-gold project in Saudi Arabia, pursuing resource growth through district-scale exploration and AI-assisted targeting.
Product overview
Kuya Silver is a growth-oriented silver mining company operating its flagship Bethania Silver Mine in Peru, which generates revenue through the sale of silver-rich concentrates. The company also operates the Silver Kings Project, a district-scale exploration property in Ontario, Canada, and holds an interest in the Umm-Hadid silver-gold exploration project in Saudi Arabia. The core product offering is silver concentrate production from the Bethania mine, which is currently in production ramp-up phase targeting 350 tonnes per day. The company is pursuing vertical integration through a proposed acquisition of the Camila processing plant to bring processing capabilities in-house.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Achieved 100 tpd milestone production rate in Q1 2026, targeting 350 tpd by end of 2026
- +2 more outcomes
Companies that use Kuya Silver
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles2 records
Kuya Silver technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature2 records
Kuya Silver partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and strategic.
- SMRL Camila (Camila Plant)coreLetter of intent to acquire 100% of SMRL Camila, owner of the Camila Plant, for $7.8 million. Plant currently processes Bethania material on toll-milling basis and has capacity of 150 tpd with plans to expand to 300-350 tpd.
- Sumou HoldingstrategicJoint venture partner in the Umm Hadid Silver-Gold Project in Saudi Arabia through Silver Mining LLC. Kuya Silver holds 5% carried interest with option to acquire additional 40% participating interest.
- Silver Mining LLCstrategicJoint venture company owning the Umm Hadid project in Saudi Arabia, with Sumou Holding as majority shareholder and Kuya Silver as carried interest holder with expansion option.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Kuya Silver competitors and assessment
Company assessmentBroad incumbents
- Pan American Silver Corp: Major Canadian-listed silver producer with a global portfolio of silver and gold mines across the Americas. Relevant as the large-scale incumbent whose market dynamics set silver price benchmarks; Kuya Director Andres Recalde previously held roles at this company.
- Hecla Mining Company: Largest US-listed silver producer with operations across North America. Relevant broad incumbent and benchmark for silver equities; meaningful reference point for Kuya's longer-term scale ambitions.
Direct peers
- Endeavour Silver Corp: Mid-tier silver producer with multiple Mexican silver mines producing silver concentrates. Closely mirrors Kuya's business model of producing silver-rich concentrates from district-scale silver districts.
- Dolly Varden Silver Corp: Canadian junior silver developer advancing high-grade silver assets in British Columbia. Highly comparable as a Canadian-listed junior silver company with two district-scale silver projects, similar size and stage to Kuya.
- First Majestic Silver Corp: Canadian-listed pure-play silver producer with multiple operating silver mines in Mexico. Directly comparable silver mining operator with concentrate production model and similar ramp-up/growth narrative.
- Vizsla Silver Corp: Canadian junior silver explorer-developer advancing the Panuco silver-gold project in Mexico. Comparable junior silver profile with high-grade district-scale project and similar development stage.
- MAG Silver Corp: Canadian-listed silver mining company advancing high-grade silver assets in Mexico. Comparable as a junior-to-mid-tier silver producer with a single advanced asset focus, similar to Kuya Silver's Bethania-plus-Silver Kings strategy.
- SilverCrest Metals Inc: Canadian silver producer that built and now operates the Las Chispas silver-gold mine in Mexico. Closely comparable Canadian-listed silver producer in ramp-up/growth phase producing high-grade silver concentrates.
- Americas Gold and Silver Corp: Canadian-listed silver producer with operations in Mexico (Cosala) and the United States. Comparable as a small-cap silver producer focused on silver concentrate production and district-scale exploration.
- Avino Silver & Gold Mines Ltd: Canadian-listed silver-gold producer operating the Avino mine in Mexico. Similar mid-sized silver concentrate producer profile with active exploration and processing expansion.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Kuya Silver social profiles
Digital presenceKuya Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kuya Silver leadership team
Management profileNumber of profiles
Kuya Silver subsidiaries and ownership
Company hierarchySubsidiaries3 records
Kuya Silver funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kuya Silver M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kuya Silver
What does Kuya Silver do?
Kuya Silver acquires, explores, and operates silver mining assets, producing silver-rich concentrates (plus lead and zinc by-products) from its operating Bethania Silver Mine in Peru. The company also holds the Silver Kings exploration project in Ontario, Canada, and a joint-venture interest in the Umm-Hadid silver-gold project in Saudi Arabia, pursuing resource growth through district-scale exploration and AI-assisted targeting.
Is Kuya Silver a public or private company?
Kuya Silver is a public company. It is currently operating.
When was Kuya Silver founded?
Kuya Silver was founded in 2017. It employs 51 to 100 people.
Where is Kuya Silver based?
Kuya Silver is headquartered in Toronto, Canada, in the North America region.
How does Kuya Silver make money?
Two revenue lines are on record. Silver Concentrate Sales are the primary driver. The others are concentrate By-products.
Who are Kuya Silver's main competitors?
Broad incumbents on record are Pan American Silver Corp and Hecla Mining Company. Direct peers are Endeavour Silver Corp, Dolly Varden Silver Corp, First Majestic Silver Corp, Vizsla Silver Corp, MAG Silver Corp, SilverCrest Metals Inc, Americas Gold and Silver Corp and Avino Silver & Gold Mines Ltd.
Does Kuya Silver have an API?
No public API is recorded for Kuya Silver.
What industry is Kuya Silver in?
Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 21222 and its SIC code is 1040.