Aya Gold & Silver Provides Notice for the Boumadine PEA Results Announcement and Webinar
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The most recent news, dated October 29, 2025, announces that Aya Gold & Silver will release the results of its Preliminary Economic Assessment (PEA) for the Boumadine Polymetallic Project on November 4, 2025, followed by an investor webinar. This news serves as a notice for an upcoming key development.
This news release is a routine announcement of an upcoming event, which the company itself categorized as "Non-Material - Positive". While the announcement itself is not material, the event it foreshadows – the release of the Boumadine PEA results – is highly material. The Boumadine project has been aggressively advanced through exploration, and a positive PEA is a critical step in de-risking and demonstrating the economic viability of this significant growth asset.
Looking at the broader context of recent news: * Zgounder Operational Excellence: Aya Gold & Silver has demonstrated strong operational performance at its flagship Zgounder Silver Mine. Q3 2025 production (October 15, 2025) hit a record 1.35 million ounces of silver, a 29% increase over Q2 2025. Ore processed averaged 3,326 tonnes per day (23% above nameplate capacity), with an impressive recovery rate of 92.5%. This strong performance follows the successful ramp-up of the new plant, which achieved commercial production on December 29, 2024, ahead of schedule. The company has consistently reported improving throughput and recoveries, addressing earlier challenges with the oxygen plant (Q1 2025). This sustained operational outperformance at Zgounder is generating strong cash flow and de-risking the company's core asset. * Boumadine Advancement: The Boumadine project has seen significant positive developments, laying a strong foundation for the upcoming PEA. The Mineral Resource Estimate (MRE) update on February 24, 2025, showed a substantial 120% increase in indicated resources (to 74.4 Moz AgEq) and a 19% increase in inferred resources (to 378 Moz AgEq). Subsequent exploration results (July 7, 2025; Sep 15, 2025; June 5, 2025; April 8, 2025) consistently reported high-grade polymetallic intercepts, identified new mineralized zones (e.g., Asirem Gold Zone), and extended known trends (Boumadine Main Trend, Tizi, Imariren). The company has also aggressively expanded its land package around Boumadine. These strong exploration results create high expectations for a robust PEA. * Financial Strength and Growth Funding: The company significantly bolstered its liquidity in Q2 2025 by closing a C$143.75 million equity offering at C$13.35 per share (June 18, 2025) and securing a $25 million USD credit facility from the European Bank for Reconstruction and Development (EBRD) specifically for Boumadine development (June 23, 2025). This funding provides flexibility to advance Boumadine and supports ongoing exploration without immediate capital concerns, as Zgounder generates operating cash flow. * Strategic Portfolio Management: The spin-out of the Amizmiz Gold Project to Mx2 Mining Inc. (April 16, 2025), where Aya retains a 42.3% ownership, allows Aya to focus on its core silver and polymetallic assets while retaining exposure to gold exploration upside. * Guidance and Outlook: Aya reaffirmed its 2025 production guidance for Zgounder (5.0 – 5.3 M oz Ag) in May 2025, indicating confidence in sustained operational performance. The company also aims to complete an updated Zgounder technical report in Q4 2025.
In summary, while the most recent news is merely an announcement, it precedes a potentially game-changing event for Aya. The company has demonstrated excellent execution on its primary Zgounder operation and robust exploration success at Boumadine, all supported by a strengthened balance sheet. The market will be keenly awaiting the PEA results on November 4.
Aya Gold & Silver Inc. (TSX: AYA, OTCQX: AYASF) is a rapidly growing silver producer with exploration assets in the Kingdom of Morocco. The company is focused on maximizing value from its existing operations and advancing its significant growth pipeline.
- Flagship Project (Producing): Zgounder Silver Mine. Located in the Kingdom of Morocco, Zgounder is a high-grade silver mine. The company successfully completed a major expansion project, declaring commercial production of the new 2,000 tonnes per day (tpd) processing plant in December 2024. The mine now primarily produces silver dore. Operations have consistently exceeded nameplate capacity and achieved high recovery rates, driving significant revenue and cash flow growth. The company aims to achieve a steady state of 3,000 tpd in 2025.
- Growth Project (Exploration & Development): Boumadine Polymetallic Project. Also located in Morocco, Boumadine is emerging as a significant high-grade polymetallic (silver, gold, zinc, lead, and copper) deposit with district-scale potential. Recent exploration has dramatically increased its mineral resource estimates, extending known mineralized trends and identifying new zones. A Preliminary Economic Assessment (PEA) is due to be released on November 4, 2025, which is expected to outline the project's economic viability and development pathway.
- Strategic Spin-out: Aya Gold & Silver strategically spun out its Amizmiz Gold Project to Mx2 Mining Inc., in which Aya holds a 42.3% equity interest. This allows Aya to focus on its core silver and polymetallic assets while retaining exposure to the gold exploration upside of Amizmiz and Mx2's other North African assets.