Aya Gold & Silver Q3 Production Jumps 51% Y/Y to Record 2.03M Oz
AYA sits 59% above its 52-week low of $15.84.
Summary
Aya Gold & Silver reported Q3 production of 2.03M silver equivalent ounces, up 51% year-over-year and 21% quarter-over-quarter, driven by record output at its Zgounder mine in Morocco. Zgounder produced 1.49M oz of silver, up 11% Y/Y, with mill throughput up 23% to 4,096 tpd and silver recovery averaging 92%. The Boumadine operation contributed 536,879 silver equivalent oz, up 186% from Q2, including 244,875 oz of silver and 4,300 oz of gold. Management reaffirmed full-year guidance of 6.2M-6.8M silver equivalent oz, stating the company is firmly on track. This follows the record Q2 results reported in August and the updated Boumadine PEA in September, reinforcing the company's growth trajectory.
At the time of this announcement, AYA was trading at $25.16 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $15.84 to $30.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.