Aya Gold & Silver Reports Record Q2-2026 Silver Production
Aya’s record Q2 production and mining rates reaffirm its ramp-up progress, keeping the company on track to meet its 2026 guidance targets.
Aya Gold & Silver Inc. (AYA) reported on July 8, 2026, that its consolidated silver equivalent production for the second quarter of 2026 reached 1.68 moz AgEq, representing a 61% year-over-year increase and a 12% quarter-over-quarter rise. The Zgounder mine contributed 1.49 moz AgEq to the total, while the Boumadine pyrite reclaim operation added 0.19 moz AgEq.
Operational metrics also saw significant gains, with mill throughput averaging a record 3,889 tonnes per day, up 7% from the previous quarter. The facility maintained a 91.2% silver recovery rate and 97% mill availability. Mining rates hit a record 4,880 tonnes per day, processing ore graded at 137 g/t Ag. Additionally, the company’s stockpile increased by 33% to 373,884 tonnes.
A temporary crushing contractor remains on site as the company works toward the early Q3 2026 completion of its second-phase tailings facility. This infrastructure update is expected to allow a return to normal open-pit strip ratios. Management stated that current performance positions the company to achieve its 2026 production targets.
Aya Gold & Silver Inc. (AYA) released its Q2 production update, reporting 1.68 moz AgEq. This figure aligns with the company’s ramp-up trajectory and is consistent with its 2026 guidance. The results match management’s forecast, confirming that operations are running as expected. The market had already priced in strong Q1 results and a favorable silver price environment; today’s numbers reinforce that view without introducing new information.
Aya Gold & Silver Inc. is a Canada-incorporated, Morocco-focused silver producer with two core assets. The Zgounder Silver Mine is an operating high-grade underground and open-pit mine that is producing approximately 5.2–5.8 million ounces of silver in 2026 at cash costs of approximately $21.50 per ounce. Long-life reserves support an 11-year mine life at this facility.
The company also holds the Boumadine Polymetallic Project, a large gold-silver-zinc-lead deposit currently in development. A preliminary economic assessment shows a post-tax net present value at a 5% discount rate of $1.5 billion on a base case, with an internal rate of return of 47%. Commercial production is targeted for 2030.