Northwire Canada EditionTuesday, September 1, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4413.40 −1.5% SILVER 65.63 −2.0% COPPER 6.61 −1.1% OIL 87.95 +2.5% PALLADIUM 1340.25 −2.8% PA 0.150 +0.0% NOBL 0.105 +0.0% RDS 1.23 +0.0% PTX 0.090 +0.0% DNO 0.300 +0.0% MTT 0.207 +0.0% HMR 0.570 +0.0% SGO 0.205 +0.0% GCN 0.030 +0.0% UGD 0.195 +0.0% NGC 0.110 +0.0% BCU 0.070 +0.0% OTMC 0.420 +0.0% TCO 0.055 +0.0% GPAC 0.310 +0.0% GGL 0.050 +0.0% GOLD 4413.40 −1.5% SILVER 65.63 −2.0% COPPER 6.61 −1.1% OIL 87.95 +2.5% PALLADIUM 1340.25 −2.8% PA 0.150 +0.0% NOBL 0.105 +0.0% RDS 1.23 +0.0% PTX 0.090 +0.0% DNO 0.300 +0.0% MTT 0.207 +0.0% HMR 0.570 +0.0% SGO 0.205 +0.0% GCN 0.030 +0.0% UGD 0.195 +0.0% NGC 0.110 +0.0% BCU 0.070 +0.0% OTMC 0.420 +0.0% TCO 0.055 +0.0% GPAC 0.310 +0.0% GGL 0.050 +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 →

More from Aya Gold & Silver Inc.

Sep 01, 2026 · 07:00

Aya secures strategic land near Zgounder, adding exploration optionality without diluting its balance sheet.

M&A / Property Aug 13, 2026 · 16:05

Aya reported record first-half output and repaid debt while maintaining unchanged guidance following a significant share price rally.

Earnings Aug 06, 2026 · 07:00

Aya acquires land adding optionality, though execution and cash flow remain the primary catalysts for the project.

M&A / Property Jul 15, 2026 · 07:00

Aya’s Boumadine feasibility study is on track while Zgounder ramp-up delivers record cash flow.

Technical Study Jul 08, 2026 · 07:00

Aya’s record Q2 production and mining rates reaffirm its ramp-up progress, keeping the company on track to meet its 2026 guidance targets.

Production / Operations Jun 04, 2026 · 08:00

Aya advances ESG metrics and high-grade drilling at Boumadine as its feasibility study nears completion.

Other