Bethania Silver Project Mining Ramp-up and Development

under construction

The Bethania Silver Project in Peru is undergoing increased mining output with 1,224 tonnes of mineralized material mined in Q2 2025, nearly doubling Q1 output. Significant underground development was completed with approximately 263 metres advanced, expanding access to ten active working faces. Infrastructure upgrades including installation of trailing winches, a high-capacity compressor, and a new generator have been completed to enhance efficiency, safety, and reliability of underground operations. The project aims to reach a targeted production of 100 tonnes per day by Q3 2025 and eventually expand to 350 tonnes per day.