Aya Gold & Silver stock reports high-grade silver results

Published on 09/30/2026 at 20:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aya Gold & Silver stock generated USD 96.8 million in Q2 2026 revenue, up 151 percent year over year. The shares traded at EUR 23.60 after-hours on September 30.

AYA, CA05466C1095, Illustration mit AI erstellt.

Aya Gold & Silver (ISIN CA05466C1095) was trading at EUR 23.60 after-hours at Lang & Schwarz on September 30, 2026 at 8:31 p.m. CEST, down 1.79 percent from the prior close of EUR 24.03 on September 29, 2026. The company is pairing strong second-quarter growth with aggressive exploration at its Moroccan silver assets.

Zgounder drilling extends silver potential

In a release dated September 16, 2026, Aya Gold & Silver reported 97 holes from its Zgounder exploration program. The strongest intersection reached 7,717 grams of silver per tonne over 1.5 meters, within a broader 3,501 grams per tonne interval over 3.5 meters.

The program had reached 16,217 meters, or 54.1 percent of the 2026 plan, on September 16. For investors, the operational signal is the combination of resource definition and mine expansion rather than a single isolated assay result.

Q2 revenue rises 151 percent

According to The Globe and Mail in its transcript dated August 14, 2026, Aya reported Q2 2026 revenue of USD 96.8 million, up 151 percent from the prior-year quarter. Net income reached USD 35.0 million, a 305 percent increase, while basic EPS rose to USD 0.24 from USD 0.07.

Consolidated silver-equivalent production rose 61 percent year over year to 1.7 million ounces in Q2 2026. Operating cash flow for the first half of 2026 reached USD 118.6 million, up 655 percent from the first half of 2025, giving the Boumadine development program a stronger internal funding base.

Boumadine economics reset expectations

Aya Gold & Silver said on September 9, 2026, that the updated Boumadine PEA lifted after-tax NPV to USD 3.5 billion from USD 1.5 billion in the prior study. The after-tax IRR rose to 93 percent from 47 percent, while initial capital expenditure was USD 463 million versus USD 446 million.

The project plan also extends the mine life to 14 years from 11 years and raises life-of-mine silver production to 81.2 million ounces from 69.9 million ounces. The comparison is important because the improved economics came with only a 4 percent increase in initial capital expenditure, although the PEA remains preliminary and feasibility, permitting and execution work continue.

Analyst targets remain above market

As MarketBeat reported on September 11, 2026, Stifel Nicolaus raised its target from CAD 39.00 to CAD 56.00 and reiterated a Buy rating. That target was based on the Canadian listing, not the EUR 23.60 Lang & Schwarz quote, so the two prices should not be combined into one return calculation.

Stock trades at EUR 23.60

Aya Gold & Silver was trading at EUR 23.60 at Lang & Schwarz on September 30, 2026 at 8:31 p.m. CEST, after-hours, down 1.79 percent versus the prior close of EUR 24.03 on September 29, 2026. Its market capitalization was USD 3.8 billion, while the 52-week range was USD 9.25 to USD 30.67 as of September 30, 2026.