Aya Gold & Silver (OTCPK:AYAS.F) 2025 Conference Transcript

Summary of Conference Call Company Overview - Company Name: Aya Gold & Silver - Industry: Mining, specifically silver and gold production - Location: Morocco Key Points and Arguments - Unique Silver Production: Aya Gold & Silver operates one of the rare pure silver mines in Morocco, achieving recovery rates of 92% to 94%, significantly higher than the industry average of 65% to 70% [2][3] - Growth Strategy: The company plans to add gold production in the coming years, with a goal to quadruple revenue by 2029 through the addition of a second mine [3][7] - Drilling Program: Aya conducts one of the largest drilling programs in the sector, with plans to drill 300,000 meters annually, which is expected to increase the ounces of silver in the ground [3][7] - Financial Health: The company has a clean balance sheet with no lawsuits, $140 million in cash, and low all-in costs below $20 per ounce of silver [5][6] - Green Mining Practices: The mine operates on solar and wind energy, recovering 88% of water used, qualifying it for green financing at favorable rates [6][17] - Production Capacity: Currently producing 100,000 ounces of silver weekly, with a projected annual production of 5 million ounces, expected to rise to 6 million ounces next year [11][12][17] - Cost Efficiency: The cost of construction in Morocco is significantly lower, with the first mine built for $140 million compared to $400-$500 million in North America [27] Regulatory Environment - Permitting Process: The permitting process in Morocco is efficient, with mining permits renewable every 10 years, and the company has a strong relationship with local authorities [8][30][35] - Government Support: The Moroccan government is supportive of mining projects that create jobs, with Aya employing 1,500 people and only 1% expats [34][35] Exploration and Future Prospects - Exploration Areas: Aya holds significant land in the Zgounder and Boumadine districts, with ongoing exploration efforts utilizing advanced technologies like AI for geological analysis [18][20][22] - Boumadine Project: The Boumadine deposit is noted as the largest identified over the last 2,000 years, with significant silver and gold potential [22][23] - Upcoming Updates: A Preliminary Assessment (PA) based on 450 million ounces of silver is expected to be released soon, indicating strong future growth potential [23] Additional Insights - Market Position: Aya is positioned as the number one mining company in Morocco, with a focus on sustainable and efficient mining practices [10] - Community Engagement: The company emphasizes local employment and community development, which enhances its reputation and operational stability [34][35] This summary encapsulates the key aspects of Aya Gold & Silver's operations, financial health, regulatory environment, and future growth prospects as discussed in the conference call.