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Aya Gold & Silver Inc. announced an updated Preliminary Economic Assessment (PEA) for its Boumadine Project in…
AYAAya Gold & Silver Inc.
Aya Gold & Silver Inc. announced an updated Preliminary Economic Assessment (PEA) for its Boumadine Project in Morocco, reporting a more than doubled after-tax Net Present Value at a 5% discount rate to $3.5 billion and an Internal Rate of Return of 93%. The study extends the mine life from 11 to 14 years with initial capital expenditures of $463 million, yielding a capital efficiency ratio of 7.6x. Average annual gold-equivalent production is projected at 348 thousand ounces for the first five years and 271 thousand ounces over the life of mine, supported by an updated Mineral Resource Estimate containing 1.1 million ounces of gold-equivalent in Indicated resources. The company intends to fund development through existing cash flow and external debt while advancing a feasibility study targeted for completion in the second half of 2027. Aya Gold & Silver Inc. is a Canadian precious metals mining company anchored in Morocco, operating the Zgounder silver mine and developing the polymetallic Boumadine project.