Aya Gold & Silver Reports Record Revenue and Net Income for Q3-2025 on Record Production

Core Insights - Aya Gold & Silver Inc. reported strong third quarter results for 2025, showcasing significant operational and financial improvements, particularly from the Zgounder silver mine [1][5][10]. Operational Highlights - Zgounder achieved record throughput of 3,326 tonnes per day (tpd), an 11% increase quarter-over-quarter (QoQ), with silver production reaching 1.35 million ounces (oz), up 278% year-over-year (YoY) and 29% QoQ [6][7]. - The average grade of ore processed was 146 grams per tonne (g/t) Ag, with a recovery rate of 92.5% [6][7]. - Underground mining operations averaged 1,276 tpd at a grade of 159 g/t Ag, while open-pit activities yielded 1,066 tpd of ore at 123 g/t Ag [7][8]. Financial Highlights - Revenue from silver sales totaled $54.3 million, reflecting a 393% increase YoY, driven by higher production volumes and a net realized silver price of $39.85/oz, up 46% from the previous year [10][11]. - The company recorded a net income of $12.4 million, or diluted earnings per share (EPS) of $0.09, compared to a net loss of $0.3 million in Q3-2024 [11][14]. - Operating cash flow was strong at $22.4 million for the quarter, with cash reserves totaling $129 million, providing financial flexibility for future projects [12][13]. Development and Exploration - The Boumadine project showed significant potential, with a recently announced Preliminary Economic Assessment (PEA) indicating a post-tax NPV5% of $1.5 billion and an internal rate of return (IRR) of 47% at base case prices [15][16]. - Exploration activities included 29,524 meters of drilling at Boumadine, confirming high-grade intercepts and extending mineralized zones [19]. - Near-mine exploration at Zgounder involved 9,770 meters of drilling, confirming continuity of high-grade mineralization beyond current resources [17]. Outlook - The company anticipates continued strong operational performance with the Zgounder ramp-up nearing completion and plans to advance the Boumadine project [21]. - Aya is positioned to enhance production, expand resources, and deliver long-term shareholder value, leveraging a robust balance sheet and positive cash flow [21].