Overview

* Aya Gold & Silver ( AYASF ) Q2 revenue rises 182% YoY, beating analyst expectations

* Silver production up 141% YoY, driven by Zgounder plant ramp-up

* Co closed C$144 mln financing, ending Q2 with $114 mln in cash

Outlook

* Company expects strong milling throughput with recoveries exceeding feasibility rates

* Aya aims to achieve 2025 goals with initiatives to improve mined grades

* Key catalysts include Boumadine PEA and ongoing drill results in H2

* Aya focuses on growing production, expanding resources, delivering long-term value

Result Drivers

* ZGOUNDER PLANT RAMP-UP - Silver production rose 141% YoY to 1.04 mln oz, driven by the ramp-up of the new Zgounder plant

* REVENUE GROWTH - Record revenue of $38.6 mln, up 182% YoY, supported by increased silver sales and higher average net realized silver price of $33.86/oz

* CASH COSTS - Increased 19% YoY to $21.26 per silver ounce sold, due to early-stage development activities; expected to normalize in H2-2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $38.60 $36 mln

Revenue mln (1

Analyst)

Q2 EPS $0.06

Q2 Net $8.60

Income mln

Q2 $7.80

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* Wall Street's median 12-month price target for Aya Gold & Silver Inc ( AYASF ) is C$20.00, about 38.1% above its August 13 closing price of C$12.39

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)