Canada's Aya Gold Q4 revenue jumps on higher silver prices

Overview

• Canada precious metals miner's Q4 revenue rose sharply yr/yr, driven by higher silver prices

• Q4 EPS increased significantly, reflecting improved profitability

• Company ended Q4 with strong operating cash flow and robust cash position

Outlook

• Aya sees 2026 total production between 6.2 mln and 6.8 mln oz AgEq

• Company expects Zgounder Silver Mine 2026 output of 5.2 mln to 5.8 mln oz Ag at $21.50/oz AgEq cash cost

• Aya plans 2026 Boumadine pyrite reclaim production of about 1.0 mln oz AgEq at $10/oz AgEq cash cost

Result Drivers

• HIGHER SILVER PRICES - Q4 revenue growth was driven by a 47% quarter-over-quarter increase in average net realized silver equivalent price to $58.39/oz

• INCREASED PRODUCTION VOLUMES - Consolidated silver equivalent ounces sold rose 282% yr/yr in Q4, supported by the ramp-up at Zgounder and initial contributions from Boumadine

• ZGOUNDER RAMP-UP - Successful ramp-up and transition to steady-state operations at Zgounder boosted throughput and recoveries, supporting higher production and sales

Company press release: ID:nGNX3hDhMJ

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "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$32.50, about 69.3% above its March 30 closing price of C$19.20

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

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