Aya Gold & Silver Reports Q2-2025 and Mid-July Production Results

Core Viewpoint - Aya Gold & Silver Inc. reported a significant increase in silver production for Q2-2025, achieving 1.04 million ounces, reflecting strong operational execution and improvements at the Zgounder Silver Mine in Morocco [1][2][7]. Production Metrics - Silver production in Q2-2025 reached 1,042,317 ounces, a 140.9% increase compared to Q2-2024's 432,667 ounces [2]. - Ore processed in Q2-2025 was 273,471 tonnes, marking a 239.5% increase from 80,562 tonnes in Q2-2024 [2]. - Silver recovery improved to 86.5% in Q2-2025, up from 84.7% in Q2-2024, indicating a 2.1% enhancement [2]. - Mill availability increased to 98.2% in Q2-2025, compared to 95.4% in Q2-2024, a 2.9% improvement [2]. - Mine production reached 241,288 tonnes in Q2-2025, a 111.6% increase from 114,025 tonnes in Q2-2024 [2]. Operational Highlights - The Zgounder Mine achieved an average mining rate of 2,652 tonnes per day (tpd), with production split 64% from open pit and 36% from underground [5]. - Mill capacity reached 3,005 tpd and silver recovery rates improved to 87% in Q2-2025 [5][7]. - The company expects to sustain recovery rates and further increase milling capacity in the second half of 2025 [5][8]. Future Outlook - The company is focused on ramping up operations, with additional mining equipment mobilized for Q3-2025 to support increased production [8]. - Initiatives are underway to enhance ore recovery and reduce dilution in the open pit, showing promising preliminary results [9]. - Underground development is progressing, with mining at deeper levels yielding better grades [11].