Kuya Silver (CSE:KUYA) believes it is on track to reach a 350-tonnes-per-day production rate by the end of 2026 at the Bethania Silver Project in Peru.
This is expected to come after Kuya Silver has completed the phase one ramp-up at Bethania. The company expects to keep the market informed of the progress and will continue to provide details on the production growth on a timely basis.
COO Christian Aramayo says the company achieved 100 tonnes per day in March and has sustained it into April.
“With continued investment in development, we have a direct line of sight to completing phase one at 350 tonnes per day by year-end,” Aramayo says.
“Beyond that, integrating the Camila plant gives us full operational control over processing, while our expanded drilling program continues to unlock district-scale upside. Bethania is not just ramping up — it represents a clear growth platform with potential upside from production, exploration, and operational efficiency.”
Kuya Silver is continuing to progress with due diligence and definitive documentation with regards to the Camila plant acquisition and expects to complete the deal in due course.
Silver’s momentum
As Mining.com.au previously reported, silver has been stepping into the spotlight as a compelling metal in the global commodities market.
In Q1 2026, investment demand remained a key driver of the precious metal’s momentum. Global exchange-traded products holdings reached an estimated 1.31 billion ounces, while lease rates in London climbed to all-time highs as physical tightness intensified.
Industrial demand also played a key role, accounting for 60% of total demand, excluding exchange-traded fund flows, according to JP Morgan.
Silver’s industrial demand remained anchored near 650 million ounces, with pullbacks in solar panel consumption partially offset by surging requirements from artificial intelligence data centres and the automotive sector.
At the time of writing, silver rose above US$78 an ounce, recouping some losses from the previous session after US President Trump extended the ceasefire with Iran.
Over the past month, silver’s price has risen 12.77% and is up 131.83% compared to the same time last year, according to Trading Economics.
Kuya Silver is a Canada-based mining company focused primarily on silver. The Bethania Project, covering 4,500 hectares, is located in Central Peru in the northwestern part of Huancavelica Department.
Historically, Bethania has produced silver-lead and zinc concentrates from the run-of-mine material until being placed on care and maintenance due to market conditions and lack of working capital.
Write to Aaliyah Rogan at Mining.com.au
Images: Kuya Silver
