Koya Silver Company (brother-CSE, To die-OTCQB, 6MR1-FSE) announced a significant strengthening of its leadership within the country as the company works to develop production intensification at its Bethania silver mine in Peru.
The company said it has appointed Edgardo Ordec, former general manager of MMG’s Las Bambas copper mine in Peru, as general manager for Peru, alongside an experienced operational and financial team.
The company also announced the appointment of three senior managers to lead operations in Peru. She said that these appointments aim to strengthen operational, financial and administrative execution while increasing production at Bethania. Orderique is a leading company operating a 150,000 tons per day mine with 8,800 employees and is therefore an important addition to the operating team in Peru as the company works to increase production at Bethania to 350 tons per day, the company said.
Shares of Kuya Silver advanced on the news, rising 4.49%, or $0.04, to 93 cents on Friday. Shares are trading in a 52-week range of $1.25 to 26 cents.
“As we move the Bethania Mine toward stable higher production levels, it is important that our operational and financial leadership is aligned with this growth,” said Kuya President and CEO David Stein. “The addition of senior leaders in Peru enhances the ability to execute safely, efficiently and consistent with our development plans.”
For the three months and year ending December 31, 2025, the company reported revenue of $307,331 from Bethania concentrate sales, compared to revenue of $150,129 in the fourth quarter of 2024. The company also reported a net loss of $428,930 in the fourth quarter of 2025, a significant decline from the loss of $1.9 million in the fourth quarter of 2025. 2024. In 2025, Kuya reported a net loss of $3.58 million, down from last year’s loss of $6.04 million.
The company said it has approximately $27 million in cash as of March 31, 2026, meaning it is fully funded to ramp up to 350 tons per day as well as an expanded 20,000-meter exploration program planned for 2026.
The Bethania Silver project is located in the Cordillera Central in central Peru, approximately 316 kilometers by road from Lima. It is an area containing abundant and potential base and precious metal belts.
The project consists of four concessions covering an area of 1,750 hectares and is accessible year-round via a four-hour drive from the city of Huancayo.
The mine was previously in production until 2016, grinding its ore at several concentration plants in the area.
Before resuming production in May 2024, Koya announced details of the milling agreement and development plan for the Bethania project.
Coya said Compania Minera San Valentin (CMSV) has pledged to process mine materials at its plant located 20 kilometers by road from the Bethania project. “This same plant processed material from Bethania between 2013 and 2015, and has a production capacity of 500 tons per day,” Koya said.
