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Aya Gold & Silver

TSXV:AYALive AI agent

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 creation for stakeholders.

Verified company data

Cash position
~$129M
Shares outstanding
141,900,422
Fully diluted shares
153.1M
Mineral resource
Mineral Reserves and Resources ##### Mineral Reserves - Proven and Probable ###### 73 Moz Ag @145 g/t ##### Mineral Resources - Measured and Indicated ###### 100 Moz Ag @ 165 g/t - Inferred ###### 5 Moz Ag @ 340 g/t 1) See our [Mineral Reserves and Resources](https://www.ayagoldsilver.com/portfolio/reserves-resources/) page for full details. 2) Data verified for accuracy and compliance with NI 43-101 by Aya’s Qualified Persons. 3) Mineral Resources are not Reserves and lack demonstrated economic viability. They may be materially affected by various factors, and there is no certainty they will be converted into Reserves.
Projects
["Zgounder Silver Mine\n\nLocated in Morocco’s central Anti-Atlas Mountains, the wholly owned Zgounder Mine is a rare, silver-only operation that differentiates Aya Gold and Silver from producers recovering silver mainly as a by-product. The mine has a solid reserve base of 73 Moz of silver in the proven and probable categories.\n\nThe newly expanded operation, which ramped up in 2025, marked a major milestone in Zgounder’s transition to a high-capacity mine. The mine plan extends the operation’s life to 2036, supporting an average annual production of 6 Moz of silver over the Life of Mine (LOM). Zgounder is mined through a combination of open-pit and underground methods, with the open pit utilizing conventional drill-and-blast, and the underground employing both cut-and-fill and longhole stoping. Commercial production from the expanded plant was declared on December 29, 2024, with silver produced through cyanide leaching and refined into silver-doré bars. All revenues are derived from the sale of silver refined abroad.\n\nAn updated NI 43-101 technical report (with an effective date of September 30, 2025) was filed on December 15, 2025. For additional details, refer to the [Reserve and Resource page](https://www.ayagoldsilver.com/portfolio/reserves-resources/) of our website.","Boumadine\n\n- **Ownership**\n\n85% Aya Gold & Silver 15% ONYHM\n- **Status**\n\nFeasibility study work underway\n- **Commodity**\n\nGold, silver, zinc, lead\n- **Mine Type**\n\nOpen-pit and underground\n- **Land Package**\n\n341 km² (Permits & licenses)\n\n600 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\n- **Ownership**\n\n100%\n- **Status**\n\nExploration\n- **Commodity**\n\nSilver, Gold, Lead, Zinc, Copper\n- **Land Position**\n\n27.6 km² (2 mining licenses)\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 developing and operating projects across West Africa. Founded SEMAFO Inc. and has held board positions at six public companies.), Ghislane Guedira (Chair & Director (Independent), Finance executive with extensive experience in the energy, mining, and advisory sectors. CEO of A.P. Moller Capital Morocco since 2025.), Yves Grou (Director (Independent), Finance executive with over four decades of experience, co-founded GLA and led numerous transactions in various sectors.), Annie Torkia Lagacé (Director (Independent), Over 20 years of legal and financial experience, currently Chief Legal Officer of IAMGOLD.), Eloïse Martin (Director (Independent), Finance executive with extensive experience in project finance and capital advisory, currently Head of Project Finance for Ivanhoe Mines Ltd.), John Burzynski (Director (Independent), Geologist with over 35 years of experience in mineral exploration and development, previously Chairman and CEO of Osisko Mining Inc.), Krystal Ramsden (Director (Independent), Mining engineer and investment professional with 20 years of experience, founding partner and Head of Research at Extract Capital.), Yves Bonin (Director (Independent), Audit and finance executive with over 30 years of experience, currently Executive Vice-President and CFO of COFOMO.), 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 (Executive Vice-President, Capital Markets, Corporate finance and capital markets executive with over 15 years of experience in mining.), Raphaël Beaudoin (Executive Vice-President, Operations, Oversees operations at the Zgounder Silver Mine with over 15 years of experience in mineral processing and operations.), David Lalonde (Executive Vice-President, Exploration, Geologist with over 24 years of experience in mineral exploration and project development.), Meryem Baroudi (Director, Human Resources & General Affairs, Human resources executive with extensive experience in the mining industry.)

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