Wet commissioning in progress at Zgounder. Credit: Aya Gold & Silver
Aya Gold & Silver (TSX: AYA) shares soared on Tuesday after the Canadian miner posted a record-breaking quarter, as well as new funding to support its growth in the Kingdom of Morocco.
During the first quarter of 2025, silver production from the company’s Zgounder mine reached 1.07 million oz., its highest ever and a three-fold increase over last year. Throughput levels also tripled to hit a record of 249,743 tonnes, resulting in an 82% increase in mine production to 194,661 tonnes.
The Q1 production helped to generate a record-high revenue of $33.8 million, a 566% increase year-over-year, with an average net realized silver price of $31.87/oz. Net income also improved to $6.9 million, from a net loss of $2.6 million in 2024.
The improvements were supported by Aya’s successful ramp-up of the new plant at Zgounder following its…
