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Kuya Silver
(KUYA)
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Rating:55Neutral
Price Target:
C$0.79
▲(11.13% Upside)
Action:Reiterated
Date:08/18/26
The score is held back most by weak financial performance (persistent losses and negative free cash flow despite rising revenue). Offsetting this, the latest earnings call was relatively positive on operational momentum and near-term ramp milestones, and technicals show moderately improving trend. Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Commercialization and Revenue Growth
Revenue growth indicates Kuya is progressing from exploration toward commercialization. Continued sales expansion could improve operating leverage as production scales, although sustainable profitability still depends on better costs, grades and recoveries.
Negative Factors
Deep Losses and Weak Margins
Kuya has not yet demonstrated a sustainable cost structure: gross losses persist despite rising revenue. Until production scale, recoveries and pricing offset mining and processing costs, earnings may remain highly vulnerable and shareholder returns depressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercialization and Revenue Growth
Revenue growth indicates Kuya is progressing from exploration toward commercialization. Continued sales expansion could improve operating leverage as production scales, although sustainable profitability still depends on better costs, grades and recoveries.
Read all positive factors
Kuya Silver (KUYA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$104.22M
Dividend YieldN/A
Average Volume (3M)249.45K
Price to Earnings (P/E)―
Beta (1Y)2.10
Revenue Growth249.52%
EPS Growth39.85%
CountryCA
Employees34
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)-0.03
Shares Outstanding146,787,780
10 Day Avg. Volume250,765
30 Day Avg. Volume249,446
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)3.04
Price to Sales (P/S)40.10
P/FCF Ratio-17.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.32Price Target Upside367.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)C$16.46M
Kuya Silver Business Overview & Revenue Model
Company Description
Kuya Silver Corporation specializes in the discovery, acquisition, and development of valuable metal deposits across Canada and Peru. Its exploration activities primarily target minerals such as lead, zinc, copper, and gold. The company's key hold...
How the Company Makes Money
KUYA’s primary revenue model is to generate sales from the production and sale of mineral concentrates and/or refined metals derived from its mining operations, with silver expected to be the principal payable metal. Cash flow is primarily driven ...
Kuya Silver Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 20, 2026
Earnings Call Sentiment Positive
The call communicated meaningful operational progress (record production, improved grade and recoveries, substantial underground development) and a strong balance sheet (USD 25.5M cash) enabling simultaneous development and exploration initiatives. Revenue more than doubled year-over-year, and promising preliminary Silver Kings assays expand optionality. Key risks include increased net loss and higher near-term exploration/development spend, operational variability during the ramp to 350 tpd, and short-term processing capacity constraints related to the Camila tolling arrangement. Overall the positives (production momentum, funding, pipeline opportunities) outweigh the negatives, though successful execution on development, drilling and the Camila closing remain important near-term catalysts.Positive Updates
Record Quarterly and Monthly Production
Mined 5,097 tonnes of mineralized material in Q2, a 66% increase versus Q1; processed a record 23,912 ounces of silver (~30,500 silver equivalent ounces) during the quarter; June monthly record of 13,273 silver equivalent ounces; new daily production high of 124 tonnes.
Negative Updates
Higher Net Loss Due to Ramp-Up Activity
Net loss for the first six months rose to approximately $2.8 million versus $1.35 million in the prior period, an increase of roughly 107%, driven by increased activity and expanded organizational capabilities during a capital-intensive ramp-up.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly and Monthly Production
Mined 5,097 tonnes of mineralized material in Q2, a 66% increase versus Q1; processed a record 23,912 ounces of silver (~30,500 silver equivalent ounces) during the quarter; June monthly record of 13,273 silver equivalent ounces; new daily production high of 124 tonnes.
Read all positive updates
Company Guidance
Management reiterated a Phase 1 target of 350 tonnes per day aimed for year‑end (roughly mid– to late‑December), with a dual‑car hoisting winch to be commissioned in October and a focused Q3–Q4 development program to unlock ore for late 2026 and 2027. They said the company’s cash balance of ~US$25.5M (June 30) supports simultaneous underground development, expanded exploration (higher H2 exploration/evaluation spend), early plant work and the near‑closing Camila tolling deal; Q2 revenue was ≈US$1.25M (H1 >US$2.7M, >2× H1 2025) and H1 net loss ≈US$2.8M (vs US$1.35M prior). Operational milestones to watch include ramp development and exploration results, and management pointed to Q2 operational metrics as evidence of progress: 5,097 t mined (+66% vs Q1), 23,912 oz Ag processed (~30,500 Ag‑eq), June monthly record 13,273 Ag‑eq oz, average grade ~6.66 oz/t, recoveries ~82%, daily throughput high 124 t, 437 m of underground advance (~1,600 t development material); they noted Camila capacity could temporarily cap throughput for a few months (stockpiling possible) and highlighted preliminary Silver Kings composites of 168 g/t Ag & 0.365% Co and ~75 g/t Ag.Kuya Silver Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.76M | 2.47M | 150.13K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.51M | -758.01K | 150.13K | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.18M | -3.64M | -6.38M | -4.60M | -5.28M | -7.26M |
| Net Income | -4.68M | -3.65M | -6.05M | -4.54M | -5.92M | -7.11M |
Balance Sheet | ||||||
| Total Assets | 52.50M | 36.14M | 23.72M | 27.28M | 24.50M | 27.13M |
| Cash, Cash Equivalents and Short-Term Investments | 25.49M | 9.34M | 765.57K | 2.65M | 1.20M | 2.15M |
| Total Debt | 0.00 | 0.00 | 457.83K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.60M | 3.56M | 3.66M | 2.81M | 3.07M | 3.76M |
| Stockholders Equity | 48.89M | 32.59M | 20.07M | 24.47M | 21.42M | 23.37M |
Cash Flow | ||||||
| Free Cash Flow | -7.19M | -5.57M | -5.85M | -4.39M | -5.04M | -8.58M |
| Operating Cash Flow | -6.52M | -5.14M | -5.75M | -4.29M | -4.98M | -7.44M |
| Investing Cash Flow | -666.53K | -423.98K | -97.17K | -79.50K | -60.00K | -2.22M |
| Financing Cash Flow | 32.25M | 14.14M | 3.95M | 5.83M | 4.07M | 6.92M |
Kuya Silver Technical Analysis
Negative
0.71
Price Trends
0.74
Negative
0.80
Negative
0.83
Negative
Market Momentum
>-0.01
Positive
42.76
Neutral
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KUYA, the sentiment is Negative. The current price of 0.71 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.74, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.76 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KUYA.
Kuya Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$104.86M | 18.40 | 8.50% | ― | 106.11% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | C$123.51M | -43.85 | -12.96% | ― | ― | -6.82% | |
55 Neutral | C$104.22M | -17.58 | -11.75% | ― | 249.52% | 39.85% | |
51 Neutral | C$185.13M | -16.32 | -20.58% | ― | ― | 67.17% | |
48 Neutral | C$153.57M | -58.67 | -3.63% | ― | ― | 24.24% | |
47 Neutral | C$126.94M | -12.81 | -12.39% | ― | ― | -44.58% |
* Basic Materials Sector Average
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Kuya Silver Corporate Events
Business Operations and StrategyFinancial Disclosures
Kuya Silver Boosts Revenue as Bethania Mine Ramp-Up Drives Higher Costs
Positive
Aug 17, 2026
Kuya Silver reported first-half 2026 revenue of $2.7 million, up from $1.3 million a year earlier, driven by increased silver production at its Bethania mine and stronger silver prices. The company ended June 30, 2026 with a solid cash balance of ...
Business Operations and Strategy
Kuya Silver Finds Significant Silver and Cobalt in Legacy Tailings at Silver Kings
Positive
Aug 6, 2026
Kuya Silver has reported preliminary sampling results from historic stockpiles and tailings at its Silver Kings project in Northern Ontario, indicating significant silver and cobalt content in above-ground material. The highest grades came from cr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.