Aya Gold & Silver Q2 revenue up 182%, beats estimates

Overview

• Aya Gold & Silver Q2 revenue rises 182% YoY, beating analyst expectations

• Silver production up 141% YoY, driven by Zgounder plant ramp-up

• Co closed C$144 mln financing, ending Q2 with $114 mln in cash

Outlook

• Company expects strong milling throughput with recoveries exceeding feasibility rates

• Aya aims to achieve 2025 goals with initiatives to improve mined grades

• Key catalysts include Boumadine PEA and ongoing drill results in H2

• Aya focuses on growing production, expanding resources, delivering long-term value

Result Drivers

• ZGOUNDER PLANT RAMP-UP - Silver production rose 141% YoY to 1.04 mln oz, driven by the ramp-up of the new Zgounder plant

• REVENUE GROWTH - Record revenue of $38.6 mln, up 182% YoY, supported by increased silver sales and higher average net realized silver price of $33.86/oz

• CASH COSTS - Increased 19% YoY to $21.26 per silver ounce sold, due to early-stage development activities; expected to normalize in H2-2025

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

• Wall Street's median 12-month price target for Aya Gold & Silver Inc is C$20.00, about 38.1% above its August 13 closing price of C$12.39

• The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nGNX6jSPQb