Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Aya Gold & Silver Reports High-Grade Exploration Drill Results Near Pit Depth at Zgounder

Aya Gold’s Zgounder Drilling Confirms Grade Continuity, but Boumadine License Renewal Looms as Key Near-Term Hurdle

By The Northwire Desk — AI Analysis Jun 02, 2026 · 07:00 AYA · 28.65 Aya Gold & Silver Inc.
Executive Summary
  • Aya Gold & Silver reported high-grade silver drill results from its at-depth exploration program at the Zgounder Silver Mine in Morocco.
  • Significant intersections include 5,480 g/t Ag over 1.2m, 4,298 g/t Ag over 3.6m, and 3,680 g/t Ag over 1.2m across the central and open-pit areas.
  • The company has completed 9,250m (30.8%) of its 2026 exploration program year-to-date across 116 holes.
  • Results confirm strong continuity of silver mineralization around the open pit and central zone, with new intersections near the Western Fault supporting exploration potential to the west.
  • An exploration drift at the 1,825-metre level is advancing ahead of planned H2 drilling west of the fault.
Material Impact
  • The drill results are positive but entirely consistent with the company's aggressive, publicly announced 2026 exploration budget of ~$60M and 230,000m drilling target.
  • This is a routine follow-up to previous high-grade releases in February, December, and September 2025. It does not introduce new geological models, change the resource estimate, or alter the Boumadine feasibility timeline.
  • The market has already priced in the Zgounder ramp-up and Boumadine PEA economics. Incremental high-grade intercepts at depth are expected operational milestones, not valuation inflection points.
  • No change to 2026 production guidance (6.2–6.8 Moz AgEq) or cost structure. The news is routine execution of a known plan.
AYA · Price
Company Overview
  • Aya Gold & Silver operates the Zgounder Silver Mine in Morocco, which ramped up to full production in 2025, delivering record Q4 2025 production of 1.37 Moz Ag.
  • The company is advancing the Boumadine polymetallic project, which received a positive PEA in December 2025 showing a $1.5B post-tax NPV and 47% IRR.
  • Boumadine also features a legacy pyrite stockpile commercialization program launched in November 2025, targeting ~2.5 Moz AgEq over 20-24 months.
  • The company holds a combined land package of over 600 km² across Zgounder and Boumadine.
Read the original news release →

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