Aya Gold & Silver Posts Record Q2-2026: Revenue Climbs 151%, Net Income Jumps 305%
AYA has more than doubled off its 52-week low of $8.266.
Summary
Record Q2-2026 results were reported, with revenue up 151% to $97M and net income up 305% to $35M, driven by higher silver prices and a 61% production increase. Cash costs fell to $16.82/oz and operating cash flow reached $48M.
Key Events · Earnings and Guidance · AYA
-
Record Q2-2026 Financial Results
Revenue of $97M (up 151% YoY) and net income of $35M (diluted EPS $0.23, up 305% YoY) were driven by higher silver prices and increased ounces sold.
-
Operational Performance
Consolidated production reached 1.7 Moz AgEq (up 61% YoY), with Zgounder producing 1.5 Moz silver at a record processing rate of 3,889 tpd and cash costs of $16.82/oz AgEq (down 9% QoQ).
-
Strong Cash Flow and Balance Sheet
Operating cash flow of $48M (up 522% YoY) and a cash position of $183M were achieved, after fully repaying the $15M EBRD Boumadine loan ahead of maturity.
-
Boumadine Development Progress
Drilling at Boumadine totaled 50,567m in Q2-2026, advancing the feasibility study and identifying a new mineralized parallel structure below the current resource pit shell.
Analysis · AYA · Energy & Transportation
A record operating quarter was delivered, with revenue reaching $97M (up 151% YoY) and net income hitting $35M (up 305% YoY), propelled by higher silver prices and a 61% increase in consolidated production to 1.7 Moz AgEq. Cash costs fell 9% QoQ to $16.82/oz, while operating cash flow surged 522% to $48M. The balance sheet was further strengthened by the full repayment of the $15M EBRD Boumadine loan ahead of maturity, leaving $183M in cash. These results confirm the Zgounder mine is operating well above nameplate capacity and position the company to fund the Boumadine feasibility study internally.
At the time of this filing, AYA was trading at $26.63 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $8.27 to $28.89. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.