- Kuya Silver has begun development of the past-producing Bethania silver mine project in Peru
- Its subsidiary Minera Toro de Plata has begun an underground development and reconditioning program at the mine to resume operations
- The company anticipates beginning production at the mine later this year
- Shares of Kuya Silver are unchanged at C$0.24
Kuya Silver (CSE:KUYA) has begun development of the past-producing Bethania silver mine project in Peru.
The Toronto-based company stated in a news release that its subsidiary, Minera Toro de Plata, kick-started an underground development and reconditioning program at the Bethania mine so operations can resume.
The program will include inspecting, reinforcing, updating and improving underground support in areas that are needed to access future production areas.
This will enable Kuya Silver to begin production at the mine later this year.
“After making significant progress in the second half of 2023, we are very excited to be launching our mine development program. We see this as an important step, not only to achieve first silver production later this year but for the longer-term growth of the Bethania district,” Christian Aramayo, COO of Kuya Silver, said in a statement.
Before the end of last year, Minera Toro de Plata completed a mining plan for 2024, which indicates that mining operations will begin with the reconditioning of existing underground mine workings.
As it currently stands, the mine is permitted to produce up to 350 tons per day, but Kuya Silver anticipates the ramp-up period to extend into next year.
Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
Shares of Kuya Silver are unchanged at C$0.24.
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