07:41 AM EST, 11/11/2025 (MT Newswires) -- Aya Gold & Silver ( AYASF ) swung to net earnings following a 393% surge in revenue for the third quarter.

The miner reported a net income of US$12.4 million, or $0.09 per share, compared to a year-ago loss of $263,000, or a loss of nil per share, and in line with the analyst consensus forecast of $0.09 per share compiled by FactSet.

Revenue climbed to $54.3 million from $11.0 million, above the analyst consensus estimate of $52.7 million compiled by Factset.

Aya said the revenue increase reflects the successful start of commercial production of the new Zgounder plant in Morocco in December 2024 and a 46% jump in the average net realized silver price to $39.85 per ounce.

Aya reported record silver production of 1.35 million ounces, up 278% from the prior year, driven by the new Zgounder plant.

"The ramp-up at Zgounder is nearly complete, and the mill is now running at a steady state," President and Chief Executive Officer Benoit La Salle said. "We are seeing improvements and continue to make targeted improvements to the mine plan, with a focus on optimizing grade control and minimizing dilution."

Aya's share price gained 6.9% on Monday to C$15.27 on the Toronto Stock Exchange.