Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) filed an updated Preliminary Economic Assessment for its Boumadine Polymetallic Project in Morocco

Aya Gold & Silver (TSX: AYA, NASDAQ: AYA) has agreed to sell its Azegour project in Morocco to Sama Resources (TSXV: SME) in exchange for up to 19.11% of Sama's shares. The deal, subject to regulatory approvals, aims to streamline Aya's portfolio while maintaining exposure to Azegour's potential.

Aya Gold & Silver reported a 51% year-over-year increase in Q3 production, reaching 2.03M silver equivalent oz. The company's Morocco-based Zgounder mine set a quarterly record. Despite the production growth, shares fell 4%, in line with broader declines in precious metals miners.

Aya Gold & Silver updated its Boumadine project's after-tax NPV to $3.5B (C$4.8B), up from a prior estimate, citing higher metal prices and improved payabilities. The project has a 93% IRR and 0.7-year payback at assumed gold and silver prices. Aya plans to fund it via cash flow and debt. Analysts' reactions varied, with BMO more cautious and Desjardins bullish. AYA shares rose 2.8% on the news before retreating.

Aya Gold & Silver (TSX: AYA) updated its Boumadine mine plan, doubling the after-tax NPV to $3.5B and raising the IRR to 93%. The project's mine life extended to 14 years, with increased silver production and improved capital efficiency. Initial capex is $463M, with a 0.7-year payback period.

Aya Gold & Silver updated its Preliminary Economic Assessment for the Boumadine Project, doubling the after-tax NPV to $3.5B with a 93% IRR. The project's mine life extended to 14 years, with increased metal payability and capital efficiency. Aya plans to fund development through cash flow and debt.

TSX:AYA stock rose 6.82% on August 27, 2026, following strong Q2 2026 results. Aya Gold & Silver reported record production of 1.68 million silver-equivalent ounces, up 61% YoY, and revenue of US$97 million, up 151% YoY. Net income increased 305% to US$35 million, with operating cash flow surging 522% to US$48 million. The company's average realized silver-equivalent price was US$64.22 per ounce, up 90% YoY. Growth at the Zgounder mine and potential at the Boumadine project are key drivers.