Aya Gold & Silver Reports Q3 Record Production of 1.35M oz at Zgounder, Up 29% Quarter Over Quarter

Executive Summary

• Aya Gold & Silver reports record Q3‑2025 production at Zgounder Silver Mine – 1.35 M oz of silver, a 29% increase versus Q2‑2025.
• Mill throughput rose to an average 3,326 tpd (23% above nameplate) with recovery improving to 92.5%, exceeding feasibility expectations.
• The company will release its full Q3‑2025 financial results on 11 Nov 2025 and host a conference call for investors.

Key Details

• Silver Production: 1,346,882 oz in Q3‑2025 (up 29% QoQ; up 278% YoY).
• Ore Processed: 305,964 t total; average 3,326 tpd (11% QoQ improvement).
• Average Head Grade: 146 g/t Ag (4% increase QoQ).
• Recovery Rate: 92.5% (up 6 pts QoQ; above feasibility study expectations).
• Mill Availability: 95.9% (slightly down 2 pts QoQ but still high).
• Mine Production (tonnage): 215,405 t (down 11% QoQ due to shift in underground vs open‑pit mix).
• Underground Operations: Average mining rate of 1,276 tpd at 158 g/t Ag; tonnage and grade now normalized for sustained feed.
• Open‑Pit Focus: Stripping of northeast section continues; additional mobile equipment arriving Q4 to lift ore production >2,000 tpd by Q1‑2026.
• Processing Plant Improvements: Enhanced blending, circuit optimization, increased tailings‑pumping capacity → steadier higher‑rate milling.
• Current Throughput: Mill running above 3,700 tpd; recoveries maintained >90%.
• Stockpile: Over 150,000 t of ore available for end‑year production.
• Future Outlook: Expect continued operational improvement in Q4‑2025; focus on cash‑flow maximization and cost discipline; upcoming Boumadine preliminary economic assessment.

Earnings Notice

• Aya will release its third‑quarter 2025 results on Tuesday, 11 Nov 2025 before market opens.
• Management conference call scheduled for the same day at 10:00 a.m. ET (webcast link and dial‑in registration details provided in the release).

Notable Quotes

“Zgounder delivered another exceptional quarter, achieving record Q3 production, recoveries, and throughput — all while improving grade,” said Benoit La Salle, President & CEO.
“Our quarter‑over‑quarter gains highlight the strength of our team and the benefits of disciplined execution… building on this quarter’s strong performance we continue to optimize operations, laying the foundation for a solid finish to the year and sustained momentum into 2026.”