Northwire Canada EditionWednesday, November 4, 2026
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Gold 4,074.50 +3.4% Silver 52.34 +5.2% Copper 6.42 +0.3% Oil 88.68 −7.7% Palladium 1,008.25 +8.0% OM 1.44 +2.5% NICN 0.125 +0.0% W 0.270 +3.9% NNX 0.020 −20.0% GNG 0.060 +0.0% ADZ 0.120 +20.0% GMX 2.04 +2.2% NOBL 0.090 +20.0% BONE 0.035 +0.0% VOXR 6.82 +6.4% HMR 0.550 +3.8% EU 0.980 +4.3% AEC 4.20 +0.7% CCO 99.71 −2.0% FOXT 0.105 −4.5% PEMC 0.035 −12.5% Gold 4,074.50 +3.4% Silver 52.34 +5.2% Copper 6.42 +0.3% Oil 88.68 −7.7% Palladium 1,008.25 +8.0% OM 1.44 +2.5% NICN 0.125 +0.0% W 0.270 +3.9% NNX 0.020 −20.0% GNG 0.060 +0.0% ADZ 0.120 +20.0% GMX 2.04 +2.2% NOBL 0.090 +20.0% BONE 0.035 +0.0% VOXR 6.82 +6.4% HMR 0.550 +3.8% EU 0.980 +4.3% AEC 4.20 +0.7% CCO 99.71 −2.0% FOXT 0.105 −4.5% PEMC 0.035 −12.5%
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Aya Gold & Silver Releases its 2025 Sustainability Report

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

By The Northwire Desk — AI Analysis Jun 04, 2026 · 08:00 AYA · 27.33 Aya Gold & Silver Inc.
Executive Summary
  • Aya Gold & Silver released its 2025 Sustainability Report, detailing progress across environmental, social, and governance (ESG) priorities.
  • Key operational improvements include a 50% reduction in freshwater use intensity (down to 0.2 m³ per tonne of ore) and a decline in GHG emissions intensity per thousand tonnes of ore processed to 22.06 from 30.09 in the prior year.
  • The company contributed approximately $1 million to community livelihood programs, education, and skills development, representing 1.4% of net income before taxes.
  • Executive compensation structures now formally integrate ESG and climate performance metrics, weighted at 20% of short-term incentives.
  • The report aligns with GRI 2021 Standards (including the 2024 Mining Sector Standard) and SASB Metals and Mining Standard.
  • Operational context remains focused on the Zgounder silver-only mine and the ongoing feasibility study for the Boumadine polymetallic project.
Material Impact
  • The sustainability report is a standard annual disclosure and does not contain unexpected, market-moving information.
  • Progress on water efficiency and emissions reduction is incremental and aligns with the company's stated operational optimization goals at Zgounder.
  • Integration of ESG metrics into executive compensation is a governance best practice but does not alter the fundamental investment thesis or near-term cash flow projections.
  • The news is fully in line with previous expectations and management's stated commitment to responsible growth. It does not materially change the valuation or risk profile of the stock.
AYA · Price
Company Overview
  • Aya Gold & Silver operates the Zgounder silver mine in Morocco, which has successfully completed its ramp-up phase and is now operating above nameplate capacity.
  • The company is advancing the Boumadine polymetallic project, which hosts high-grade silver, gold, zinc, lead, and pyrite mineralization.
  • A preliminary economic assessment (PEA) for Boumadine indicated a post-tax NPV of $1.5 billion and an IRR of 47%, with base-case production of ~400 koz AuEq annually for the first five years.
  • The company also operates a pyrite reclaim operation at Boumadine, processing historical stockpiles to generate near-term cash flow and fund further development.
Read the original news release →

More from Aya Gold & Silver Inc.

Nov 04, 2026 · 07:00

Aya’s Boumadine infill drilling highlights resource-grade intersections, while permit expansion efforts remain incremental to the project’s development.

Drill Results Oct 29, 2026 · 08:53

Aya recycled its October 14 Q3 print with no new assays or information.

Drill Results Oct 21, 2026 · 07:00

Aya re-filed the Boumadine preliminary economic assessment without new data, as the project’s net present value had already declined from previous price assumptions.

Resource Estimate Oct 14, 2026 · 07:00

Aya’s Q3 results were boosted by a finite reclaim asset and an 80:1 silver-to-equivalent basis.

Production / Operations Sep 22, 2026 · 07:00

Aya confirms Boumadine infill meets mill-feed grade, validating the deposit rather than marking a new discovery.

Drill Results Sep 16, 2026 · 07:00

Aya’s Boumadine project holds a $3.5 billion NPV, driven by expected high-grade Zgounder intersections.

Drill Results