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Kuya Silver ( (TSE:KUYA) ) has issued an update.
Kuya Silver Corporation has announced a Letter of Intent with Silver Crown Royalties Inc. to raise $5 million through a royalty agreement on silver production from its Bethania Silver Project in Peru. This transaction is set to strengthen Kuya Silver’s balance sheet and provide capital to accelerate production and exploration at Bethania, without issuing new shares. The partnership is expected to enhance Kuya Silver’s exposure to rising silver prices and potential re-ratings, benefiting shareholders.
Spark’s Take on TSE:KUYA Stock
According to Spark, TipRanks’ AI Analyst, TSE:KUYA is a Neutral.
Kuya Silver’s stock score reflects its current financial challenges as a pre-revenue mining company, despite a strong equity position. Technical indicators show bullish momentum, yet overbought signals cause caution. Recent promising mineral discoveries offer potential upside, but the lack of immediate revenue remains a significant risk.
To see Spark’s full report on TSE:KUYA stock, click here.
More about Kuya Silver
Kuya Silver is a Canadian-based, growth-oriented mining company focused on silver. It operates the Bethania silver mine in Peru and is developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.
Average Trading Volume: 151,189
Technical Sentiment Signal: Buy
Current Market Cap: C$45.52M
See more data about KUYA stock on TipRanks’ Stock Analysis page.