Kuya Silver (KUYA) Q3 2025 earnings summary

Executive summary

• Achieved record tonnes processed at Bethania Silver Project in Q3 2025, with significant infrastructure upgrades and a strengthened balance sheet following a $6.57 million private placement.

• Consistent average throughput of 90 tpd, with a single-day mining record of 102.5 tonnes, validating higher-capacity potential.

• Revenue generation from concentrate sales at Bethania and Silver Kings, totaling $2.16 million for the nine-month period.

Financial highlights

• Q3 2025 revenue from Bethania concentrate sales was $771,084, compared to no revenue in the prior-year quarter.

• Net loss for Q3 2025 was $1,523,898, similar to Q3 2024; nine-month net loss improved to $3,155,443 from $4,168,928 year-over-year.

• Cash increased to $6.63 million and net working capital to $6.30 million as of September 30, 2025.

Outlook and guidance

• Near-term objective is to achieve stable production of 100 tpd at Bethania, with a phase one target of 350 tpd in 2026.

• Modernization program underway to improve underground haulage and material handling efficiency.

• Commencing a 5,000-metre underground drilling program on the Santa Elena concession to support future mine planning.