Aya Gold & Silver Inc. · TSX:AYA
Aya Gold & Silver — Q1 2025 Earnings Presentation
14 slides from Aya Gold & Silver's earnings presentation, May 13, 2025
Slide 1: Unlocking silver growth in Morocco
Unlocking silver growth in Morocco Q1-2025 EARNINGS CONFERENCE CALL MAY 13, 2025 1 TSX: AYA | OTCQX: AYASF
Slide 2: Forward-Looking Statements
Forward-Looking Statements The information in this presentation has been prepared as at May 12, 2025. Certain statements contained in this technical report for the Zgounder project; and (37) statements concerning other development or exploration projects. presentation constitute "forward-looking inf
Slide 3: Forward-Looking Statements
Forward-Looking Statements (17) litigation, regulatory proceedings and audits, and the potential ramifications thereof, being concluded in a manner an effective date of February 24, 2025. The 2025 Boumadine Technical Report was prepared by David Lalonde, Vice consistent with the Company’s expectatio
Slide 4: Q1-2025 Highlights
Q1-2025 Highlights Zgounder Mine expansion ramp up contributes to steady improvements: • Significant increase in silver production, ore processed and mine production • Open-pit ore mined equaled approximately 68% of total ore mined during the quarter reaching 1,069Koz targeted open-pit / underground
Slide 5: Zgounder Expanded Operations
Zgounder Expanded Operations 5 TSX: AYA | OTCQX: AYASF
Slide 6: Q1-2025 / Operational Highlights
Q1-2025 / Operational Highlights Ore mined of 194,661 tonnes Ore processed totaled 249,743 tonnes Avg. grade processed of 163 g/t Ag 250000 300,000 180 Silver production Avg. grade processed (g/t Ag) 170 Ore mined (tonnes) Ore processed (tonnes) 200000 250,000 160 increased 192% YoY 200,000 due to e
Slide 7: 2025 Production and Cost Guidance Reaffirmed
2025 Production and Cost Guidance Reaffirmed 2025 Guidance Silver production (Moz Ag) 5.0 – 5.3 Silver cash cost ($/oz) 15.00 – 17.50 Recovery (%) 84 – 88 Average grade processed (g/t Ag) 170 – 200 Exploration and development for all Moroccan projects ($ million) 25 – 30 • Foreign currency assumptio
Slide 8: Q1-2025 Financial Highlights / Strong Financial Position and Liquidity
Q1-2025 Financial Highlights / Strong Financial Position and Liquidity All amounts in 000s of USD Q1-2025 Q1-2024 Variance Revenue 33,831 5,077 566% Cost of sales 25,584 4,741 397% Gross profit 10,247 336 2,950% Operating income (loss) 3,328 (2,869) 216% Net income (loss) 6,930 (2,592) 367% Operatin
Slide 9: 2025 Exploration Program
2025 Exploration Program Zgounder Silver Mine (10,000m-15,000m) • 2,916m drilled on near-mine targets • Drilling confirmed mineralization at depth at the granite contact outside of the current resource boundary. Boumadine (100,000m – 140,000m) • 39,600m of DDH and 6,607m of RC holes completed • Dril
Slide 10: Boumadine / 2025 MRE Update
Boumadine / 2025 MRE Update1,2,3,4 (AgEq) • MRE has grown gold and silver ounces across all classifications • Drilling has focused on original mining permit, which represents only a small portion of broader mineralized footprint 2025 2024 % Change Tonnes Grade AgEq Ounces Tonnes Grade AgEq Ounces To
Slide 11: Boumadine / Expanded Footprint
Boumadine (Au, Ag, Pb, Zn) / Expanded Footprint • Acquired four (4) mining licenses totaling 60km2 in the Boumadine area in Q1-2025 → expanded the Boumadine exploration footprint by 28% to over 272km2.* • Secured a 600km2 exploration authorization surrounding Boumadine, allowing Aya to carry out exp
Slide 12: Recent Developments
Recent Developments • Closed strategic transaction with Mx2 Mining Inc., which includes the transfer of rights to the Amizmiz gold project in Morocco1 • Announced April 2025 production results, showing continued operational progress2 • Secured US$25 million credit facility from EBRD to support growt
Slide 13: 2025 Catalysts
2025 Catalysts Commenced 2025 drill program 2025 Commenced Boumadine PEA 2025 Reached 3,000tpd processing capacity at Zgounder 2025 ramping up to steady state Provide mid-year update on H2 2025 Boumadine metallurgy and PEA Publish updated Zgounder Q4 2025 technical report 13 TSX: AYA | OTCQX: AYASF
Slide 14: Questions?
Questions? 1320 GRAHAM, SUITE 132 VILLE MONT-ROYAL, QC H3P 3C8 BENOIT LA SALLE: Benoit.Lasalle@ayagoldsilver.com ALEX BALL: Alex.Ball@ayagoldsilver.com www.ayagoldsilver.com | info@ayagoldsilver.com TSX: AYA | OTCQX: AYASF TSX: AYA | OTCQX: AYASF 14