Aya Gold & Silver(TSXV:AYA)

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain.

Investor website: https://www.ayagoldsilver.com/

About

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The company focuses on exploration along the Anti-Atlas Fault, a region known for its potential in silver, gold, and base metals. Aya operates the Zgounder silver mine and is advancing the Boumadine polymetallic project, emphasizing responsible mining and sustainable value for stakeholders.

Verified company data

Cash position
~$129M
Shares outstanding
141,900,422
Fully diluted shares
153.1M
Mineral resource
Mineral Resource Estimate for Zgounder as of June 30, 2025 | **Cutoff Ag (g/t)** | **Classification** | **Tonnes (kt)** | **Ag (g/t)** | **Contained Metal (koz)** | | --- | --- | --- | --- | --- | | **Pit-Constrained** | | 40 | Measured | 13,820 | 144 | 64,140 | | 40 | Indicated | 2,150 | 131 | 9,070 | | 40 | Inferred | 56 | 190 | 350 | | **Out-of-Pit** | | 90 | Measured | 324 | 280 | 2,912 | | 90 | Indicated | 2,640 | 284 | 24,100 | | 90 | Inferred | 360 | 360 | 4,200 | | **Total** | | 40/90 | Measured | 14,150 | 147 | 67,050 | | 40/90 | Indicated | 4,790 | 283 | 33,200 | | 40/90 | Inferred | 410 | 216 | 4,500 | 01. Mineral Resource Estimate for Zgounder as at June 30, 2025. 02. The Mineral Resource is reported in compliance with NI 43-101 and classified in accordance with CIM guidelines. 03. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. There is no certainty that Mineral Resources will be converted to Mineral Reserves. 04. Mineral Resources are reported inclusive of Mineral Reserves. 05. A silver price of $28/oz with a process recovery of 90%, and a rock processing cost of $25/t inclusive of G&A were assumed. 06. The constraining pit optimization parameters were 50º pit slopes with a 40 g/t Ag cut-off. 07. The out-of-pit Mineral Resource grade blocks were quantified above a 90 g/t Ag cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Out–of-pit Mineral Resources exhibit continuity and reasonable potential for extraction by the cut-and-fill underground mining method. 08. Mining costs are estimated at $2.00/t of waste and $6.80/t of ore, with a mining dilution factor of 5%. 09. The Mineral Resource is reported at an in-pit cut-off of 40 g/t Ag and an out of pit cut-off of 90 g/t Ag. 10. A 3% royalty applies. 11. Mineral Resources have been rounded to reflect their confidence. 12. Totals may vary due to rounding.
Projects
["Zgounder Silver Mine\n- Ownership: 100%\n- Commodity: Silver\n- Status: Operating\n- Mine Type: Open-pit and underground\n- Land Package: 16 km2 (Mining) / 383 km2 (Exploration)\n\nZgounder is a rare silver-only mine producing high-quality silver doré at scale. Following a major expansion, it generates cash flow that fuels our development projects. The mine’s life has been extended to 2036, with potential for further growth.","Boumadine\n- Ownership: 85% Aya and 15% ONYHM\n- Commodity: Gold, silver, zinc, lead\n- Status: Feasibility Study work underway\n- Land package: 339 km2 (Permits & licenses) / 600 km2 (Exploration authorization)\n\nThe Boumadine project is a cornerstone of Aya’s long-term growth strategy and our most advanced development-stage asset. Recognized as one of the most attractive undeveloped precious-metal projects globally, Boumadine’s 2025 PEA outlined compelling economic potential. The project is undertaking feasibility study work as we continue to drill and unlock the district-scale opportunity.","Imiter Bis\n- Ownership: 100%\n- Location: Morocco\n- Commodity: Silver, Gold, Lead, Zinc, Copper\n- Status: Exploration\n- Land Position: 16 km2 (Exploration authorization)\n\nImiter bis is a 100%-owned exploration asset located near the world-class Imiter Silver Mine in Morocco’s Sub-Atlas. Early fieldwork and drilling have confirmed gold and silver mineralization along a structurally controlled 4 km polymetallic vein system, with high-grade intercepts. Imiter bis remains an upside exploration asset within Morocco’s Anti-Atlas belt."]
Leadership
Benoit La Salle (President, Chief Executive Officer and Director, Mining executive with over 30 years of experience in West Africa. Founded SEMAFO Inc. and held various board positions.), Robert Taub (Chair & Director (Independent), Entrepreneur and investor with extensive experience in pharmaceuticals and medical devices.), Dr. Jürgen Hambrecht (Lead director (Independent), International business leader with over 40 years in chemicals and industrial sectors, former CEO of BASF SE.), Yves Grou (Director (Independent), Finance executive with over 40 years of experience, co-founder of GLA.), Ghislane Guedira (Director (Independent), Finance executive with extensive experience in energy and mining sectors, former CFO at OCP Group.), Annie Torkia Lagacé (Director (Independent), Legal and financial expert with over 20 years of experience in mining and industrial sectors.), Eloïse Martin (Director (Independent), Finance executive specializing in project finance, self-employed consultant.), John Burzynski (Director (Independent), Geologist with over 35 years of experience in mineral exploration and development.), Mustapha El Ouafi (President-Managing Director, Morocco, Mining executive with extensive leadership experience in Morocco and the MENA region.), Ugo Landry-Tolszczuk (Chief Financial Officer, Finance executive with 15 years of experience in mining, energy, and technology sectors.), Elias J. Elias (Chief Legal & Sustainability Officer, and Corporate Secretary, Extensive experience advising mining and energy companies in West Africa.), Alex Ball (Vice-President, Corporate Development & Investor Relations, Corporate finance executive with over 15 years of experience in mining.), Raphaël Beaudoin (Vice-President, Operations & Qualified Person, Oversees operations at Zgounder Silver Mine with over 15 years of experience.), David Lalonde (Vice-President, Exploration & Qualified Person, Geologist with over 24 years of experience in mineral exploration.), Meryem Baroudi (Director, Human Resources & General Affairs, HR executive with extensive experience in the mining industry.)

Verified data last updated: 2026-05-15

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