Silver Hits $34.42 or +3.41% on SGE. Now Posting a 13.42% Arbitrage Spread. Metals Moving Fastly From West to East.
Kuya Silver begins production amid Silver Spiking Demand. Talk about Leverage. Hit the Buy Button on Kuya Silver.
Silver on Fire right now +3.41%
Silver Premiums remain resilient on the Shanghai gold exchange (SGE) closing at $4.07/oz above LBMA benchmark this is 13.42% higher.
The metal is trading at $34.4/oz in China (SHAGPM) (based on preliminary data)
According to David Jensen
Bullion banks have a short position on silver in London estimated at between 5B and 8B oz.
Yes, that’s billions of oz. in the global annual silver market that is 1.2B oz.
That short position is in the London cash market (immediate demand delivery)
Meanwhile in Shanghai
For those unaware of the importance of the Shanghai Gold exchange
You have to deposit a bar to be able to trade it in the spot market.
Compare that to London, where all trading is paper and unbacked.
How long until the West realises you cannot stop price rises on a physical product like Silver which is facing strong demand, by selling paper IOUs?
Meanwhile in Mexico
Production is down 27% over past 19 months
Mexico is World’s #1 Silver Producer
New President is whispering Nationalizing Silver (we have the document in Spanish from her campaign trail)
This why We Love Kuya Silver
No new significant deposits of Silver Worldwide.
Kuya (the rare event when a Jr Miner goes into production and not taken out by a major)
Aerospace demand doubles every two years.
Solar use doubles between now and 2030.
AI explosion and silver in electronics.
Kuya has no Mexico risk (Mexico is signaling a soft nationalization of Silver via their Dept of Natural Resources & Environment Cabinet member Maria Gonzales)
BRICS ++ sucking Western metals that are moving West to East
KUYA is a pure silver play not a by product happenstance.
Watch the case for a 10 bagger below (video is over 30 days old but more true now than our 10X case made a short time ago)
Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce the commencement of production from the Bethania silver mine.
Mineralized material is being recovered from the Española vein system at the 640 level, hauled to surface using the pre-existing decline and a winch on surface. Over the past few months, the Company has focused on reconditioning of the western portion of the mine to allow for safe production from this initial stope. In the coming months, reconditioning of other areas will continue at the 640 and 670 levels, and production access for the 12 de Mayo and Victoria vein systems are to be developed. Production is expected to ramp up progressively over the next year to an initial target of 350 tons per day.
Initial production is being stockpiled at the mine to be transported in larger batches for milling. Production and stockpiling operations for the first processing batch may take a month or more, however as operations scale, the Company anticipates transitioning to producing a processing batch every few days.
Christian Aramayo, Kuya Silver's COO, commented: "Achieving first production from the Bethania mine is a monumental milestone for Kuya Silver and signifies the beginning of increased production in this rich silver district. The dedication of the Kuya Silver team in Peru has been instrumental in reaching this point, demonstrating perseverance and proficiency while fostering a strong culture of safety and care for our surroundings."
The Company will continue to provide operational updates as the Bethania project ramps up.
Figure 1: Christian Aramayo, COO (left) and David Stein, President and CEO (right) cutting the ribbon to officially open the Bethania Silver Mine
Figure 2: First full ore cart, material from the Española vein hauled up from the 640 level by a motorized winch and ready to be dumped on the ore stockpile
Figure 3: Group including Kuya Silver management, guests and mine staff entering the 670 level adit to inspect the progress