Aya Gold & Silver Q1 Revenue Jumps 244%, Net Income $49M
AYA•Aya Gold & Silver reported Q1 2026 revenue of $117 million and net income of $49 million, or EPS $0.33, compared to $34 million revenue last year. The firm ended the quarter with $172 million cash, produced 1.5 million ounces of silver, and plans 240,000 meters of drilling.
1. Financial Highlights
Aya reported Q1 2026 revenue of $117 million, a 244% increase year-over-year, and net income after tax of $49 million, or EPS of $0.33. The company closed the quarter with a cash balance of $172 million, strengthening its liquidity position.
2. Operational Performance
Production reached almost 1.5 million ounces of silver despite five lost operating days due to severe weather. Port shutdowns in Morocco delayed pyrite concentrate shipments for a month, while a stockpile of 300,000 tonnes now provides a three-month buffer.
3. Challenges and Mitigations
Severe weather and logistical constraints created bottlenecks in the crushing circuit and raised the strip ratio, which is expected to average between 13 and 16. To address capacity issues, a crushing contractor has been engaged to boost throughput.
4. Exploration Program and Outlook
The company plans to drill close to 240,000 meters in 2026, reflecting its focus on resource expansion. Underground mining development will target 1,000 to 1,300 tons per day, with feasibility studies ongoing for the Boomadin project.
