OrbitonOpen research workspace →
Aya Gold & Silver logo

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, operates the Zgounder silver mine, and is advancing the Boumadine polymetallic project, demonstrating a commitment to 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
Indicated Resource Estimate: 74 Moz AgEq @ 448 g/t; Inferred Resource Estimate: 378 Moz AgEq @ 402 g/t. Technical data on this website has been verified for accuracy and compliance with NI 43-101 by Aya’s Qualified Persons. For more detail, please refer to Reserve and Resource page of our website. 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, socio-political, marketing, or other relevant issues. There is no certainty that Mineral Resources will be converted to Mineral Reserves. AgEq ounces are at an 80:1 Au:Ag ratio.
Projects
["Boumadine: The 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. Ownership: 85% Aya Gold & Silver 15% ONYHM. Status: Feasibility study work underway. Commodity: Gold, silver, zinc, lead. Mine Type: Open-pit and underground. Land Package: 341 km² (Permits & licenses), 600 km² (Exploration authorization). Highlights: PEA Overview, PEA Results, Mineral Resources. PEA Overview: BASIS FOR PEA: 1 Mining license covering 32 km2 of Land. EXPECTED MINE LIFE: 11 Yrs (as of November 2025). PROCESSING: Conventional flotation plant (2.9 Mt/yr). MINE TYPE: Open-pit and underground. PRODUCTS: Three marketable concentrates (Pb, Zn, Pyrite). TIMELINE: Feasibility study completion: YE 2027. PEA Results: AVERAGE ANNUAL PRODUCTION: Y1-Y5: 401 koz AuEq (37.5 Moz AgEq) LOM: 328 koz AuEq (30.6 Moz AgEq). INITIAL CAPITAL INVESTMENT: $446M Capital Intensity ratio of 3:1 (post-tax). REVENUE DRIVERS: 61% Au, 21% Ag, 13% Zn, 5% Pb. OPERATING COSTS: AISC: $1,021 /oz Au Eq. ECONOMIC ANALYSIS (Base Case): NPV $1.5B / IRR 47% (post-tax). ECONOMIC ANALYSIS (Base Case): Revenue (LOM): $7B FCF (LOM): $2.0B. Mineral Resources: INDICATED RESOURCE ESTIMATE: 74 Moz AgEq @ 448 g/t. INFERRED RESOURCE ESTIMATE: 378 Moz AgEq @ 402 g/t. Overview: The Boumadine polymetallic project is Aya’s key development-stage asset and a cornerstone of our long-term growth strategy in Morocco. Boumadine is regarded as one of the most attractive undeveloped precious-metal projects globally, offering district-scale potential with mineralization open in all directions. Boumadine benefits from existing regional infrastructure, which will be enhanced to support full-scale operations. Water sources have been identified with a supply plan in place, while power will be delivered via a dedicated 72 km power line connecting to the national grid. Key transport routes to Nador-West port and multiple national highways provide efficient logistics options. The site’s favorable topography supports the planned tailings storage facility, and on-site development will include a new processing plant, workshops, warehouses and administrative buildings. Boumadine’s district-scale potential positions it as a key development asset for Aya. Feasibility study work is ongoing and focuses on drilling, engineering, and optimization to advance the project toward potential development."]
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, involved in the EU-funded AfricaMaVal initiative.), John Burzynski (Director (Independent), Geologist with over 35 years of experience, previously Chairman and CEO of Osisko Mining Inc.), Krystal Ramsden (Director (Independent), Mining engineer and investment professional with 20 years of experience, founding partner 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 (Vice-President, Corporate Development & Investor Relations, Corporate finance and capital markets executive with over 15 years of experience.), Raphaël Beaudoin (Vice-President, Operations & Qualified Person, Oversees operations at the 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, Human resources executive with extensive experience in the mining industry.), Robert Taub (Chair Emeritus, Served as a director and played a pivotal role in Aya's evolution and strategic turnaround.)

Verified data last updated:

Recent filings

Investor FAQ