11:38 AM EST, 11/11/2025 (MT Newswires) -- (Updates shares.)

Aya Gold & Silver ( AYASF ) swung to net earnings following a 393% surge in revenue for the third quarter.

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

Revenue climbed to US$54.3 million from US$11.0 million, above the FactSet analyst consensus estimate of US$52.7 million.

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 US$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," 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 shares were last seen down $0.36 to $14.91 on the Toronto Stock Exchange.

Price: 14.91, Change: -0.36, Percent Change: -2.36