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Kuya Silver Reports Second Quarter 2025 Results; Continued Progress at Bethania Silver Project with Increased Mining Output, Significant Underground Development, and Encouraging Exploration Results
Newsfile· 2025-08-22 11:30
Core Viewpoint - Kuya Silver Corporation reported significant operational and financial progress in Q2 2025, particularly at the Bethania Silver Project in Peru, with increased mining output, substantial underground development, and promising exploration results [2][4][5]. Operational Results - The Bethania Silver Project achieved a mining output of 1,224 tonnes of mineralized material in Q2 2025, nearly doubling the output from Q1 2025, with average silver grades of 10.73 oz/t and silver equivalent grades of 14.89 oz/t [6][7][8]. - Approximately 263 metres of underground development were completed in Q2, expanding access to ten active working faces, up from six in Q1 [6][7]. - Infrastructure upgrades included the installation of trailing winches, a high-capacity compressor, and a new generator, enhancing operational efficiency and safety [6][8]. - Exploration efforts led to the discovery of three new silver-rich vein systems, with samples exceeding 1,000 g/t silver equivalent, and a 41% increase in the mineralized strike length in the Bethania district [6][11][12]. Financial Highlights - Kuya Silver generated net revenue of approximately $0.70 million in Q2 2025, compared to nil in the same quarter of the previous year, with a net loss reduced to $0.28 million from $1.45 million in Q2 2024 [15][16]. - The company raised over CAD $10.8 million through equity financings in H1 2025, strengthening its balance sheet to support accelerated development at Bethania [6][17]. - The Silver Kings Project contributed 1,800 wet tonnes of silver concentrate shipped in Q2, generating revenue of USD $1.15 million [6][9]. Corporate Overview - Kuya Silver enhanced its governance by adding three independent directors and appointing Sheila Magallon as CFO, bringing over 20 years of financial leadership experience in the mining sector [17][18]. - The company completed multiple financing rounds, issuing a total of 29.7 million shares for gross proceeds of approximately CAD $12 million, aimed at supporting mine development and exploration [17][18]. Outlook - The company aims to achieve an initial production milestone of 100 tonnes per day by Q3 2025, with plans to expand to a phase 1 target production rate of 350 tonnes per day in the longer term [19][21].
Santacruz Silver posts surge in quarterly profit, trims costs
Proactiveinvestors NA· 2025-08-21 12:34
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
First Andes Silver Reports High-Grade Silver Assays, Santas Gloria Project, Peru
Newsfile· 2025-08-21 12:00
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ) (the "Company" or "First Andes") today announced high-grade silver assay results from its 2,000-meter ("m") drill program at the Company's 100%-owned Santas Gloria Project ("Santas Gloria" or the "Project"), located approximately 55 kilometers ("km") east of Lima, Peru. Key Point Summary "Results from our 2025 drill program confirm we are testing the upper levels of a large, min ...
Kuya Announces Second Tranche Closing of Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Newsfile· 2025-08-21 11:30
Kuya Announces Second Tranche Closing of Non- Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption August 21, 2025 7:30 AM EDT | Source: Kuya Silver Corporation Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces the second and final tranche closing of its non-brokered private placement previously announced July 24, 2025 and amended August 13, 2025 (the "Offering"). The Compan ...
SILJ: Small Silver Miners Break Out Versus Silver, The New Upside Catalyst
Seeking Alpha· 2025-08-20 16:00
Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having ...
Initial Exploration Program at Silver North's Veronica Property Completed
Thenewswire· 2025-08-20 12:00
Vancouver, BC, August 20, 2025 – TheNewswire - Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) ("Silver North" or the "Company") is pleased to announce that the 2025 field exploration program at the Veronica Property, part of the GDR Project, has been completed. The program was undertaken and will be partially funded under a grant from the Government of Yukon, under its Yukon Mineral Exploration Program ("YMEP). Under this program, qualifying exploration expenditures can be refunded to the Company i ...
Excellon Closes Glencore Offtake and Financing
Newsfile· 2025-08-20 11:00
Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce the closing of its offtake and financing agreement (the "Agreement") with subsidiaries of Glencore plc ("Glencore") to support the restart of the past-producing Mallay Silver Mine ("Mallay") in Peru. Highlights: Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as: "actively", " ...
Unico Silver (USL) Earnings Call Presentation
2025-08-19 22:00
Company Overview - Unico Silver (ASX:USL) aims to become a globally significant silver development company with over 300 million ounces of silver equivalent resources[14] - The company completed a $25 million placement to accelerate the development of its silver projects in Argentina[1, 12] - As of June 30, 2025, the company had $12.5 million in cash, excluding the proceeds from the $25 million placement[12] - The pro-forma market capitalization of the company is $177 million (AUD)[12] Resource Base and Exploration - The company has a large resource base of 160 million ounces of silver equivalent (AgEq) Indicated and Inferred resources, including 105 million ounces of silver and 407,000 ounces of gold[21, 22] - The company plans an aggressive drill program of 30,000 meters[21] - The company is targeting an exploration roadmap to over 150 million ounces of pit-constrained free-milling oxide silver mineralization[37] - The PLUS 150 Exploration Target estimates approximately 315 million tonnes grading ~150 g/t AgEq, for a contained silver equivalent range of approximately 123 to 176 million ounces[102] Project Development and Strategy - The company has completed five acquisitions in two years, consolidating a large silver district at a cost of 10c/AgEq oz[21, 22] - The company's immediate plan is to transition from explorer to developer, focusing on "high-value" free-milling silver ounces[29] - A medium-term strategy is in place to unlock value through growth in sulphide resources, enhancing project scale and longevity[29] Market and Location - The company's projects are located in Santa Cruz, Argentina, a pro-mining province with a clear permitting framework[21, 66] - Coeur Mining acquired 49% of Joaquin for USD $60 million in 2012, implying a valuation of $27/AgEqoz[23]
Avino Silver Q2 Earnings & Revenues Beat Estimates, Shares Rise 1%
ZACKS· 2025-08-19 18:06
Core Insights - Avino Silver & Gold Mines Ltd. reported earnings per share of 6 cents for Q2 2025, exceeding the Zacks Consensus Estimate of 2 cents, and showing an improvement from 3 cents in Q2 2024 [1][8] - The company's revenues surged 47% year over year to $22 million, driven by higher sales and metal prices, surpassing the Zacks Consensus Estimate of $18 million [2][8] - Mine-operating profit reached $10 million, marking a 118% increase from $4.7 million in the previous year, and this is the third consecutive quarter with profits exceeding $10 million [4][8] Financial Performance - EBITDA for Q2 2025 was $7.4 million, up 118% from $3.4 million in the year-ago quarter [4] - Cash costs per silver equivalent payable ounce decreased by 7% to $15.11 from $16.29 in the prior year [3] - Consolidated all-in sustaining costs were $20.93 per silver equivalent payable ounce, down from $22.74 in Q2 2024 [3] Production Metrics - Silver-equivalent production was 645,602 ounces, a 5% increase from Q2 2024, attributed to record quarterly mill throughput [5] - Payable silver equivalent sold rose 26% year over year to 676,453 ounces [2] - Silver production decreased by 3% to 283,619 ounces, while gold production increased by 17% to 1,774 ounces, and copper production rose by 12% to 1.46 million pounds [5] Cash Position - The company ended Q2 2025 with $37 million in cash, an increase from $27 million at the end of 2024 [6] - Cash provided by operating activities was $8.3 million, compared to $1.1 million in the year-ago quarter [6] Stock Performance - Avino Silver's shares have increased by 276.5% over the past year, significantly outperforming the industry growth of 36.4% [7]
First Majestic Q2 Earnings Miss Estimates, Revenues Surge Y/Y
ZACKS· 2025-08-19 17:46
Core Insights - First Majestic Silver Corp reported adjusted earnings per share of 4 cents for Q2 2025, missing the Zacks Consensus Estimate of 6 cents, but showing improvement from a loss of 7 cents per share in the same quarter last year [1][8] - The company's revenues surged 94% year over year to a record $264 million, driven by higher silver prices and increased sales volumes [2][8] - Production reached 7.9 million silver-equivalent ounces, a 48% increase year over year, primarily due to a 76% rise in silver production from key mines [5][8] Financial Performance - First Majestic's cash costs per AgEq ounce were $15.08, down 1% from the previous year, while all-in-sustaining costs were $21.02 per AgEq ounce, a 3% decrease [3] - The mine-operating profit for the quarter was $49 million, significantly up from $15.5 million in the prior year [4] - Adjusted EBITDA for Q2 2025 was $125 million, a substantial increase from $26 million reported in the same quarter last year [4] Production Details - The production included 3.7 million silver ounces and 33,865 gold ounces, with the increase attributed to enhanced output from the San Dimas and La Encantada mines, along with contributions from the Cerro Los Gatos mine [5] - The average realized silver price was $34.62 per payable silver equivalent ounce, reflecting a 24% year-over-year increase [2] Financial Position - At the end of Q2 2025, First Majestic had $385 million in cash, with operating cash flow before working capital and taxes amounting to $115 million, compared to $25 million in the prior year [6] Stock Performance - Over the past year, First Majestic's shares have increased by 53.2%, outperforming the industry average growth of 36.4% [7]