Kuya Silver (KUYA) Q2 2025 earnings summary

Executive summary

• Nearly doubled mining output at Bethania in Q2 2025, with 1,224 tonnes mined and significant underground development completed.

• Achieved key infrastructure upgrades and expanded access to ten active working faces by quarter-end.

• Exploration identified three new silver-rich vein systems, expanding mineralized strike length by 41%.

• Silver Kings Project shipped 1,800 wet tonnes of concentrate, generating $1.15 million in revenue.

• Strengthened governance with new independent directors and CFO appointment.

Financial highlights

• Net revenue of $0.70 million in Q2 2025, compared to nil in Q2 2024.

• Net loss decreased to $282,559 from $1,449,171 year-over-year.

• Year-to-date net revenue reached $0.92 million, up from nil in H1 2024.

• Raised over CAD $10.8 million through equity financings in H1 and post-quarter.

Outlook and guidance

• On track to achieve 100 tonnes per day production at Bethania by Q3 2025.

• Expects unit costs to decrease as production ramps up and revenue increases.

• Long-term goal to expand Bethania to 350 tonnes per day, supported by ongoing development and exploration.