Kuya Silver (KUYA) AI Stock Analysis

• Market Cap: C$140.92M
• Dividend Yield: N/A
• Average Volume (3M): 539.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.58
• Revenue Growth: N/A
• EPS Growth: 21.09%
• Country: CA
• Employees: 34
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): -0.01
• Shares Outstanding: 146,787,780
• 10 Day Avg. Volume: 359,732
• 30 Day Avg. Volume: 539,862
• PEG Ratio: 0.66
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 116.77
• P/FCF Ratio: -3.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.77
• Price Target Upside: 448.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.97 ▲(11.49% Upside)

The score is held back primarily by ongoing losses and sustained cash burn despite improving revenue and solid gross margins, implying continued reliance on external funding. Technicals are a meaningful positive with a strong uptrend and supportive momentum, while valuation remains constrained by negative earnings and no dividend.

Positive Factors

Balance Sheet Strength

Zero reported debt and relatively sizable equity versus assets provide structural financial flexibility for a development-stage miner. Low leverage reduces near-term solvency risk, enabling the company to prioritize Bethania development and exploration without debt servicing pressure.

Revenue Growth and Gross Margin

Sustained ~50% TTM revenue growth alongside a robust ~50% gross margin indicates improving commercialization and attractive extraction economics. Durable gross margins suggest that as production scales at Bethania, incremental revenue can more readily flow to operating leverage and future profitability.

Development-Stage Primary Asset

Owning and advancing the Bethania mine is a structural business driver: successful ramp to production converts exploration value into recurring revenue, creates operating optionality, and provides exploration upside on adjacent targets, making company fundamentals tied to asset execution.

Negative Factors

Persistent Cash Burn

Consistent negative operating and free cash flow of roughly -$5.5M TTM signals ongoing cash consumption to fund operations and development. This structural cash burn increases financing frequency and pressure on management to secure capital until operations produce sustainable positive cash generation.

Sustained Unprofitability

Material negative EBIT and net losses indicate the cost base remains well above current revenue. Without meaningful scale-up at Bethania or cost restructuring, profitability is unlikely in the medium term, dragging on returns and limiting reinvestment from internal cash flow.

Reliance on External Funding

Given ongoing cash deficits and negative free cash flow, the company is structurally reliant on capital markets to fund operations and development. Recurrent equity financings would dilute existing shareholders and increase execution risk until the mine becomes self-funding.

Kuya Silver Business Overview & Revenue Model

Company Description

Kuya Silver Corporation engages in the acquisition, exploration, and advancement of precious metal assets in Canada and Peru. The company explores for lead, zinc, copper, and gold minerals. It primarily holds interest in the Bethania silver project with four concessions totaling 1750 hectares located in Central Peru; and the Silver Kings project covering 10,000 hectares located in Northern Ontario, Canada. Kuya Silver Corporation is headquartered in Toronto, Canada.

How the Company Makes Money

Kuya Silver makes money primarily through the exploration and eventual production of silver from its mining projects. The company's revenue model involves the discovery and development of silver-rich mineral resources, which are then extracted and sold in the market. As a mining company, Kuya Silver's key revenue streams include the sale of silver and potentially other by-products obtained during the mining process. The company's earnings are significantly influenced by the market prices of silver, the operational efficiency of its mining operations, and the successful advancement of its mineral projects. Strategic partnerships with other mining firms and investors may also play a role in providing financial support and sharing expertise, which can contribute to the company's financial success.

Kuya Silver Financial Statement Overview

Summary

Revenue is growing (~50% TTM) with strong ~50% gross margin, but the company remains deeply unprofitable (EBIT/net income around -$5M) and continues significant cash burn (operating and free cash flow about -$5.5M to -$5.6M). The balance sheet is a relative bright spot with $0 debt and sizable equity, reducing near-term solvency risk, but negative returns and funding/dilution risk remain.

Income Statement

TTM (Trailing-Twelve-Months) revenue rose to ~$2.3M with ~50% growth and a solid ~50% gross margin, showing early commercialization progress. However, the company remains deeply unprofitable with EBIT and net income around -$5.2M and -$5.0M, respectively, and very negative net margin, indicating the cost structure is still far ahead of the current revenue base. Overall, the top-line trajectory is improving, but profitability is not yet in sight.

Balance Sheet

The balance sheet is a relative strength: TTM (Trailing-Twelve-Months) total debt is reported at $0 and equity is sizable (~$27.7M) against total assets (~$31.0M), implying low financial leverage and more flexibility than many early-stage miners. That said, returns remain negative (TTM return on equity is roughly -22%), reflecting ongoing losses and the risk of future dilution if losses persist.

Cash Flow

Cash generation remains weak, with TTM (Trailing-Twelve-Months) operating cash flow of about -$5.5M and free cash flow also around -$5.6M, indicating continued cash burn to support operations and development. Free cash flow has not improved (TTM free cash flow growth is negative), though free cash flow roughly tracks net losses, suggesting losses are largely cash-based rather than purely accounting-driven. Sustained negative cash flow increases reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.31M	150.13K	0.00	0.00	0.00	0.00
Gross Profit	1.15M	150.13K	0.00	0.00	0.00	0.00
EBITDA	-5.30M	-6.38M	-4.60M	-5.28M	-7.26M	-2.06M
Net Income	-5.03M	-6.05M	-4.54M	-5.92M	-7.11M	-2.88M
Balance Sheet
Total Assets	30.96M	23.72M	27.28M	24.50M	27.13M	13.36M
Cash, Cash Equivalents and Short-Term Investments	6.63M	765.57K	2.65M	1.20M	2.15M	3.01M
Total Debt	0.00	457.83K	0.00	0.00	0.00	96.44K
Total Liabilities	3.27M	3.66M	2.81M	3.07M	3.76M	1.39M
Stockholders Equity	27.69M	20.07M	24.47M	21.42M	23.37M	11.97M
Cash Flow
Free Cash Flow	-5.57M	-5.85M	-4.39M	-5.04M	-8.58M	-439.21K
Operating Cash Flow	-5.53M	-5.75M	-4.29M	-4.98M	-7.44M	-439.21K
Investing Cash Flow	-33.14K	-97.17K	-79.50K	-60.00K	-2.22M	-3.42M
Financing Cash Flow	10.22M	3.95M	5.83M	4.07M	6.92M	8.37M

Kuya Silver Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KUYA, the sentiment is Neutral. The current price of 0.87 is below the 20-day moving average (MA) of 0.98, above the 50-day MA of 0.81, and above the 200-day MA of 0.51, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 47.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:KUYA.

Kuya Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KTN	54 Neutral	C$173.01M	-24.84	-11.69%	―	―	-0.78%
KUYA	52 Neutral	C$140.92M	-15.74	-20.00%	―	―	21.09%
SVE	52 Neutral	C$194.72M	-73.63	-5.64%	―	―	13.33%
IPT	52 Neutral	C$142.95M	-20.47	-8.15%	―	52.70%	60.33%
EXN	50 Neutral	C$167.04M	-12.85	-26.99%	―	―	49.02%
AZS	50 Neutral	C$102.85M	-80.51	-13.05%	―	―	68.41%

Kuya Silver Corporate Events

Kuya Silver Moves to Acquire Peruvian Camila Plant in Vertical Integration Push

Kuya Silver has signed a letter of intent to acquire 100% of SMRL Camila, owner of the permitted Camila flotation plant in Peru that currently processes ore from the company’s Bethania Silver Project on a toll-milling basis. The US$7.8 million transaction, contingent on due diligence, would give Kuya Silver direct ownership of a strategically located facility operating at 150 tonnes per day, with plans to expand capacity to 300–350 tonnes per day for an additional US$0.7–1.0 million. Bringing processing in-house is intended to vertically integrate operations, eliminate toll-milling costs and scheduling risk, improve metallurgical recoveries across silver and base metals, reduce per-tonne processing costs, and enhance operating margins and cash flow in a favourable silver price environment, while providing scalable processing headroom as Bethania output grows.

The most recent analyst rating on (TSE:KUYA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.

Kuya Silver Hits Record Q4 Output at Bethania and Raises CAD$25.5 Million for Processing Expansion

Kuya Silver reported record fourth-quarter production at its Bethania silver project in Peru, mining 1,999 tonnes of mineralized material while accelerating underground development work, including new sublevels, stopes and improved ventilation, to support higher future mining rates. The quarter also saw the company complete its largest-ever financing of CAD$25.5 million, earmarked primarily for acquiring or constructing a dedicated flotation plant that would shift the operation away from toll milling, enhance recoveries and margins, and position Kuya Silver to better capitalize on higher silver prices and the long-term growth potential of the Bethania district, while added stockpile preparation provides operational flexibility to exploit spare mill capacity in the future.

The most recent analyst rating on (TSE:KUYA) stock is a Hold with a C$0.99 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.

Kuya Silver Seeks Up To $15 Million to Boost Peru Processing and Vertically Integrate Operations

Kuya Silver Corporation has launched a brokered private placement of up to 15 million units at CAD$1.00 per unit to raise as much as CAD$15 million under the Listed Issuer Financing Exemption, with no statutory hold period on the offered securities in Canada. The proceeds are earmarked primarily to enhance processing capabilities for its Bethania project in Peru—supporting a shift from toll milling to in-house concentrate processing—as well as to fund exploration at the Silver Kings Project in Ontario, general corporate purposes and growth capital, a move that management says will vertically integrate operations, reduce ramp-up risk and capture more value from its silver production, subject to customary regulatory approvals and expected to close in multiple tranches through early 2026.

The most recent analyst rating on (TSE:KUYA) stock is a Hold with a C$0.97 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.

Kuya Silver Confirms High-Grade Silver-Gold Veins at Saudi Umm Hadid Project

Kuya Silver reported initial results from its maiden 5,000-metre diamond drilling campaign and extensive surface sampling at the Umm Hadid silver-gold project in Saudi Arabia, confirming high-grade vein mineralization across three priority target areas within a 6 km by 2.5 km corridor. Drill intercepts returned silver-equivalent grades up to 1,483.9 g/t over 2 metres, while 460 grab samples averaged 86.1 g/t silver equivalent and defined multiple mineralized zones within a broader 240 km² licence, supporting the presence of a large, precious-metal-rich hydrothermal system. Management highlighted that integrating hyperspectral remote sensing, machine learning and targeted drilling has both validated a predictive exploration model and outlined a core of higher-grade veins, a combination that could improve capital efficiency, reduce exploration risk and enhance the project’s potential significance within the regional precious metals sector.

The most recent analyst rating on (TSE:KUYA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.

Kuya Silver to Present at Noble Capital Markets Conference

Kuya Silver Corporation announced that its President and CEO, David Stein, will present at the Noble Capital Markets’ 21st Annual Emerging Growth Equity Conference. This presentation is part of Kuya Silver’s efforts to engage with investors and stakeholders, potentially impacting its visibility and investor relations. The presentation will be available via a high-definition video webcast on the company’s website and other platforms, providing an opportunity for broader investor engagement.

The most recent analyst rating on (TSE:KUYA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.

Kuya Silver Reports Record Q3 Progress and Strengthened Operations

Kuya Silver Corporation reported significant progress in the third quarter of 2025, marked by record processing at its Bethania Silver Project in Peru. The company achieved a single-day mining record and made substantial infrastructure upgrades, including road maintenance and equipment installations, to support increased production. A successful financing round strengthened Kuya Silver’s balance sheet, providing liquidity to continue ramping up operations. The company generated $2.16 million in revenue from concentrate sales, and with new equipment and workforce expansions, aims to stabilize production at a minimum of 100 tonnes per day.

The most recent analyst rating on (TSE:KUYA) stock is a Buy with a C$1.40 price target. To see the full list of analyst forecasts on Kuya Silver stock, see the TSE:KUYA Stock Forecast page.