Business
Aya Gold & Silver Reports Q1-2026 Results with Record Revenue and Cash Flow
MONTREAL, May 14, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) (“Aya” or the “Corporation”) today announced its financial and
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":" MONTREAL, May 14, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) (“Aya” or the “Corporation”) today announced its financial and operational results for the first quarter ended March 31, 2026. All amounts are in U.S. dollars unless otherwise noted. Q1 2026 Highlights Financial Highlights Revenue of $117M, up 247% year-over-year (\"YoY\") and up 56% quarter-over-quarter (\"QoQ\"), driven by higher average net realized silver equivalent (\"AgEq\") prices and more AgEq ounces sold, totaling 1.4M. Average net realized silver equivalent price of $82.22/oz, up 158% YoY and 41% QoQ. Net income of $49M (basic EPS of $0.34 and diluted EPS of $0.33), up 600% YoY from net income of $7M (basic and diluted EPS of $0.05) in Q1-2025 and from $18M (basic EPS of $0.13 and diluted EPS of 0.12) in Q4-2025. Operating cash flow of $70M, up 785% YoY and up 107% QoQ, driven by higher AgEq pricing and lower cash costs. Cash and cash equivalents of $172M supporting the development of the Boumadine Project (\"Boumadine\")1. Operational Highlights Consolidated production of 1.5 Moz AgEq, up 40% YoY, including 1.3 Moz Ag and 0.2 Moz AgEq2 respectively from Zgounder and Boumadine pyrite reclaim operation3. Production at Zgounder was down 8% QoQ, as a result of weather-related disruptions, which reduced milling rates and recovery at Zgounder. Production has since normalized. Cash costs4 of $18.40/oz AgEq down 8% QoQ driven by a lower strip ratio, reflecting a focus on ore-rich zones in response to weather conditions and ongoing TSF construction. Silver recovery averaged 89.4% during the quarter and is expected to stabilize in Q2. Record open-pit and underground and mining rate totaling 4,575 tonnes per day (\"tpd\"). Development and Exploration Drilling program update: Completed approximately 42,827 metres (\"m\") of drilling at Boumadine and 5,838m at Zgounder in Q1-2026. At Boumadine, drilling confirmed continuity along the Main Trend and identified a new parallel mineralized structure, highlighting expansion potential. At Zgounder, near-mine drilling delivered high-grade silver results and confirmed extensions of mineralization beyond current resource boundaries. Board Renewal Following previously announced Board retirements, Aya proposed the appointment of current director Ms. Ghislane Guedira as Chair of the Board, a seasone...