07:57 AM EDT, 08/14/2024 (MT Newswires) -- Aya Gold & Silver ( AYASF ) said Wednesday that it swung to profit in the second quarter following a 42% jump in revenue from silver sales.

The miner reported a net income of US$6.8 million, or US$0.05 per share, improving from a loss of US$525,000, or US$0.00 per share.

Revenue from silver sales increased to a record US$13.7 million from US$9.6 million as a result of selling silver concentrate inventory from the first quarter. Silver production slipped to 432,667 ounces from 526,703 ounces.

"[The] Zgounder and Boumadine [mines] continue to deliver on all fronts as we achieved multiple important milestones in this catalyst-rich year," President and CEO Benoit La Salle said. "Commissioning activities are on track for commercial production in Q4-2024, positioning us for significant production and cash flow growth and low-quartile costs."