Aya Gold & Silver Files Preliminary Economic Assessment Technical Report for Boumadine Project

Core Viewpoint - Aya Gold & Silver Inc. has filed a Preliminary Economic Assessment (PEA) for the Boumadine Polymetallic Project in Morocco, indicating a promising development-stage project with significant economic potential [1][2]. PEA Highlights - The PEA outlines a district-scale project featuring a flexible open-pit and underground mining plan, with a conventional flotation plant producing three payable concentrates: zinc, lead, and pyrite. The project has an estimated mine life of 11 years, with revenues primarily driven by precious metals [2]. Project Economics - The PEA includes a sensitivity analysis reflecting +/- 25% variations to the Base Case scenario, showing significant changes in Net Present Value (NPV) and Internal Rate of Return (IRR) based on different gold and silver price scenarios [4]. - Under the Base Case, the post-tax NPV5% is estimated at $1.5 billion with a 47% IRR and a payback period of 2.1 years. In a Spot Price scenario, the post-tax NPV5% could reach $3.0 billion with a 77% IRR and a payback period of 1.2 years [6]. Production and Cost Metrics - Average annual production is projected at 401 thousand ounces of gold-equivalent in the first five years, with a total of 328 thousand ounces of gold-equivalent per year over the life of the mine. The initial capital cost is estimated at $446 million, with cash costs of $928 per ounce of gold-equivalent and all-in sustaining costs (AISC) of $1,021 per ounce [6][7]. Permitting and Future Plans - The project has an existing mining license, and a feasibility study is targeted for completion in late 2027, indicating a structured approach towards advancing the project [6]. Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating in Morocco. It is the only TSX-listed pure silver mining company and is focused on maximizing shareholder value through sustainable practices [10][11].