Aya Gold & Silver Inc. · TSX:AYA
Aya Gold & Silver — Q4 2024 Earnings Presentation
16 slides from Aya Gold & Silver's earnings presentation, Mar 28, 2025
Slide 1: Unlocking silver growth in Morocco
Unlocking silver growth in Morocco Q4 AND FULL YEAR 2024 CONFERENCE CALL MARCH 28, 2025 1 TSX: AYA | OTCQX: AYASF
Slide 2: Forward-Looking Statements
Forward-Looking Statements The information in this presentation has been prepared as at March 25, 2025. Certain statements contained in this for the year ended December 31, 2024 available with Canadian securities regulators, as well as: (1) there being no presentation constitute "forward-looking inf
Slide 3: Forward-Looking Statements: Non-GAAP Measures and Mineral Resources Notes
Forward-Looking Statements Non-GAAP Financial Measures Notes to Investors Regarding the Use of Mineral Resources The Company uses non-GAAP key performance metrics to monitor and assess the operational performance of The scientific and technical information contained in this presentation have been re
Slide 4: Q4 and Full Year 2024 / Zgounder Mine Expansion Completed
Q4 and Full Year 2024 / Zgounder Mine Expansion Completed Completed Zgounder Mine expansion on budget: • Expanded mining operations; new mill reached commercial production at the end of 2024. 100% • Completed underground development, both lateral and vertical. Zgounder expansion • Stockpiled 336,371
Slide 5: Q4 and Full Year 2024 / Zgounder Expansion Completed
Q4 and Full Year 2024 / Zgounder Expansion Completed Silver production of 1,646K oz Ore processed totaled 358,919 tonnes Avg. Net Realized Silver of $26.04/oz 1,900 400,000 30 Silver production Avg. realized net silver ($/oz) 350,000 Ore processed (tonnes) 1,700 Silver produced (koz) 25 300,000 fell
Slide 6: Zgounder Mine / Commercial Production Achieved
Zgounder Mine / Commercial Production Achieved Q3 2024 Q4 2024 Q4 2024 Early 2025 Successfully tested new Started hot Declared commercial Reached nameplate Merrill Crowe system commissioning of production capacity new mill Q4 and Full Year 2024 Operational Highlights YoY % YoY % Q4 2024 Q4 2023 FY 2
Slide 7: Zgounder Mine / 2025 Production and Cost Guidance
Zgounder Mine / 2025 Production and Cost Guidance 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 assu
Slide 8: Q4 and FY 2024 Financial Highlights
Q4 and FY 2024 Financial Highlights YoY % YoY % All amounts in 000s of USD Q4 2024 Q4 2023 FY 2024 FY 2023 Change Change Revenue 9,338 11,070 (16%) 39,117 42,849 (9%) Cost of sales 11,084 6,276 77% 33,735 27,042 25% Gross (loss) profit (1,746) 4,794 (136%) 5,382 15,807 (66%) Operating (loss) income
Slide 9: 2024 Exploration Program, Over 150,000m Drilled
2024 Exploration Program, Over 150,000m Drilled Zgounder Silver Mine • 35,469m of 30,000m completed* • Silver mineralization at depth, near the granite contact was confirmed Boumadine (Development) • 107,683m (219 drillholes) of 120,000m completed* • Main zone expanded to 5.4 km and remains open in
Slide 10: Zgounder Mine / At-depth Drilling of Near-Mine Permits
Zgounder Mine / At-depth Drilling of Near-Mine Permits Drilled 10,769m in Q4 for 35,469m FY2024 Drill results to date confirm mineralization near the granite contact and lateral east-west extensions. Drill Highlights1 2,425 g/t Ag 1,356 g/t Ag 5,696 g/t Ag over 17m, over 20.0m, over 2.5m including 6
Slide 11: Boumadine / Advanced Development (Ag, Au, Cu, Pb, Zn)
Boumadine / Advanced Development (Ag, Au, Cu, Pb, Zn) 2024 Highlights: • Completed 107,687m of drilling extending the strike length from 4.2km to 5.4km • Published an MRE consisting of: oInferred Mineral Resource of 23.6Mt at 85 g/t Ag, 2.62 g/t Au, 2.32% Zn and 0.84% Pb containing an estimated 64.7
Slide 12: Boumadine / 2025 MRE Update
Boumadine / 2025 MRE Update¹,²,³ (AuEq, AgEq, Cu, Pb, Zn) • 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 Grad
Slide 13: Boumadine / Expanded Footprint
Boumadine (Au, Ag, Pb, Zn) / Expanded Footprint • Acquired four (4) mining licenses totaling 60km2 in the Boumadine area in January 2025 → expanded the Boumadine exploration footprint by 28% to over 272km2.* • Secured a 600km2 exploration authorization surrounding Boumadine, allowing Aya to carry ou
Slide 14: 2025 Exploration Program
2025 Exploration Program $25-30 million 100,000m - 20,000m – exploration and 140,000m 25,000m development budget Boumadine exploration Zgounder exploration Zgounder: • Follow up on underground targets (near-mine) generated from the 2024 program. • Drill targets within the Zgounder Regional permits w
Slide 15: 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 Mid-Year Update on Boumadine H2 2025 Metallurgy and PEA Publish updated Zgounder MRE Q4 2025 15 TSX: AYA | OTCQX: AYASF
Slide 16: 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 16