Kuya Silver signs LoI to acquire SMRL Camila

Kuya Silver has signed a missive of intent (LOI) to get 100% of Sociedad Minera de Responsabilidad Limitada Camila 2008 (SMRL Camila), which owns the Camila accepted floatation works successful Peru.

The acquisition marks a important measurement successful the vertical integration of metallic accumulation successful Peru.

It is expected to enactment Kuya Silver’s strategy to grow and de-risk its metallic accumulation platform.

Under the presumption of the LoI, Kuya Silver volition acquisition SMRL Camila for $7.8m (C$10.57m), taxable to modular conditions precedent.

The Camila works presently processes Kuya Silver’s mineralised worldly for producing metallic and different metallic concentrates connected a toll-milling basis.

It presently processes 150 tonnes per time (tpd), with plans to summation capableness to betwixt 300 and 350tpd pursuing the completion of the acquisition.

The installation is situated 164km from Kuya Silver’s Bethania Silver Project and 48km from the large metropolis of Huancayo successful Junín.

This transaction advances Kuya Silver’s strategy to make in-house processing capacity, enabling the institution to vertically integrate its operations, seizure operating synergies and grow its level for metallic accumulation growth.

Alongside the Camila works acquisition, Kuya Silver is besides pursuing outgo optimisation of its elaborate engineering plan, antecedently developed for the on-site Bethania process plant.

Acquisition of the Camila works is expected to supply Kuya Silver with a nonstop way to in-house processing, eliminating aboriginal toll-milling costs and reducing scheduling uncertainties.

Its nonstop ownership is expected to connection strategical advantages including implicit power implicit processing schedules and ore blend strategies, improving flexibility.

The Camila works is already linked to the determination hydroelectric grid.

Kuya Silver’s Bethania Silver Project was a historical shaper of lead, metallic and zinc and was officially restarted successful May 2024.

"Kuya Silver signs LoI to get SMRL Camila" was primitively created and published by Mining Technology, a GlobalData owned brand.

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