Overview
Aya Gold & Silver Q3 revenue rises five-fold, beating analyst expectations
Record net income of $12.4 mln in Q3, reflecting improved operational performance
Record silver production of 1.35 mln oz, driven by new Zgounder plant
Outlook
Company expects milling throughput to remain strong with recoveries exceeding feasibility study rates
Aya committed to achieving 2025 production goals and optimizing cost profile
Company plans to provide updated technical report on Zgounder in Q4
Result Drivers
ZGOUNDER PLANT - Record silver production driven by new Zgounder plant, increasing output and revenue
HIGHER SILVER PRICES - Revenue boosted by higher average net realized silver price of $39.85/oz
OPERATIONAL EFFICIENCY - Improved grades and throughput enhanced production and financial results
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$54.30 mln
$53 mln (1 Analyst)
Q3 EPS
$0.09
Q3 Net Income
$12.40 mln
Q3 Operating Cash Flow
$22.40 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
Wall Street's median 12-month price target for Aya Gold & Silver Inc is C$23.00, about 33.6% above its November 10 closing price of C$15.27
Press Release: ID:nGNX6Tl977
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)