Recent Updates — AYA
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.
Aya Gold & Silver Inc. announced an agreement to acquire a copper-silver exploration portfolio in Morocco consisting of 139 square kilometers, including a 19-square-kilometer mining license located approximately 35 kilometers west of its Zgounder Silver Mine. The total consideration is C$4.0 million, payable entirely in Aya common shares. The transaction remains subject to customary closing conditions, including regulatory approvals and Toronto Stock Exchange consent, with closing expected after these conditions are satisfied. Historical data indicates high-grade silver surface samples up to 837 g/t Ag and copper samples up to 4.6% Cu. Aya Gold & Silver Inc. is a Canadian precious metals mining company anchored in Morocco that operates the Zgounder silver mine and explores for additional resources.
Aya Gold & Silver Inc. reported second-quarter 2026 financial results showing revenue of $97 million, a 151% year-over-year increase driven by higher silver equivalent prices and production volumes. Net income reached $35 million with diluted earnings per share of $0.23, compared to $0.06 in the prior year period. Consolidated silver equivalent production totaled 1.7 million ounces, up 61% year-over-year, while cash costs decreased 9% quarter-over-quarter to $16.82 per ounce. The company generated $48 million in operating cash flow and ended the quarter with $183 million in cash and cash equivalents after fully repaying a $15 million loan to the European Bank for Reconstruction and Development. Additionally, Aya completed the acquisition of a strategic portfolio comprising three mining licenses and 18 exploration permits covering approximately 259 square kilometers in Morocco for MAD 10 million. The company operates as a precious metals mining corporation focused on silver production from its Zgounder Silver Mine in Morocco.