07:33 AM EDT, 05/13/2025 (MT Newswires) -- Aya Gold & Silver ( AYASF ) on Tuesday said it a swung to a profit in the first quarter as it booked record revenue.

The miner booked net income of US$6.9 million, or US$0.05 per share, improving from a net loss of US$2.6 million, or US$0.02 per share, and beating the analyst consensus forecast of US$0.01 per share compiled by FactSet.

The company's revenue soared 566% to a record US$33.8 million, above the analyst consensus sales estimate of US$32.4 million compiled by FactSet. This was driven by a 50% jump in the average net realized silver price to US$31.87 per ounce. Total silver production climbed 192% to a record 1.1 million ounces while silver sales surged 346% to 1.1 million ounces.

"Aya delivered a standout quarter, achieving record silver production of over one million ounces, record revenues of US$33.8 million, and operating cash flow of nearly $8 million - all while reducing cash costs and successfully ramping up operations inline with plans and only three months after commissioning the plant," said Benoit La Salle, Aya's president and CEO.

Aya reaffirmed its 2025 guidance, including its production target of 5-5.3 million ounces of silver.