Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

Aya Gold & Silver Identifies New Parallel Structure at Boumadine and Reports High-Grade Exploration Results

Aya Gold & Silver transitions to Tier-1 status as Zgounder ramp-up exceeds nameplate and Boumadine exploration reveals district-scale parallel structures.

By The Northwire Desk — AI Analysis Feb 24, 2026 · 07:00 AYA · 25.59 Aya Gold & Silver Inc.
Executive Summary

The most recent news (February 24, 2026) reports the identification of a new mineralized parallel structure 500 meters east of the Boumadine Main Trend. High-grade drill results from hole BOU-DD25-707 (331 g/t AgEq over 0.8m) and others (446 g/t AgEq over 6.0m) confirm continuity and scale. This follows a string of positive updates: - Zgounder Mine: High-grade results (February 18, 2026) confirm continuity at depth and in the open-pit area, with intercepts up to 4,489 g/t Ag over 6.0m. - 2026 Guidance: Total production targeted at 6.2 - 6.8 Moz AgEq, with Zgounder contributing 5.2 - 5.8 Moz Ag. - Financials: Achieved financial completion of the US$100M EBRD loan (January 20, 2026), reducing restricted cash requirements. - Boumadine PEA: Filed in December 2025, showing a post-tax NPV5% of $1.5B and 47% IRR.

Material Impact

The identification of a new parallel structure at Boumadine is Material - Positive. It validates the "district-scale" thesis management has promoted. - Resource Growth: The new structure is outside the current PEA shells, suggesting significant resource expansion potential in the upcoming 360,000m drill program. - Operational De-risking: Zgounder is now operating at ~3,800 tpd, well above its 2,700 tpd nameplate capacity. This over-performance offsets slightly higher-than-expected cash costs ($21.50/oz guidance vs. $19.62/oz historical). - Financial Strength: The transition to commercial production and the EBRD financial completion signal that the company is now self-funding its massive exploration budget ($60M for 2026). - Strategic Listing: The pursuit of a U.S. listing in H1-2026 is a major liquidity catalyst.

AYA · Price
Company Overview

Aya Gold & Silver is the only pure-play silver producer listed on the TSX. - Flagship: Zgounder Silver Mine (Morocco). Recently expanded to 2,700 tpd (currently running at ~3,800 tpd). 11-year mine life producing ~6 Moz Ag annually. - Growth Asset: Boumadine (Morocco). A polymetallic (Au-Ag-Zn-Pb) project with a $1.5B NPV. It is expected to be 6x the scale of Zgounder. - Jurisdiction: Morocco is ranked as a top-tier mining jurisdiction with rapid permitting and low costs ($150/m drilling).

Read the original news release →

More from Aya Gold & Silver Inc.

Nov 05, 2026 · 07:00

Aya sold its Azegour project to Sama Resources, reinforcing its focus on core Moroccan silver and polymetallic assets.

M&A / Property 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