Canada's Aya Gold Q4 revenue jumps on higher silver prices

Aya Gold & Silver (Quebec)

31/03/2026 12:10

Overview

Canada precious metals miner's Q4 revenue rose sharply yr/yr, driven by higher silver prices

Q4 EPS increased significantly, reflecting improved profitability

Company ended Q4 with strong operating cash flow and robust cash position

Outlook

Aya sees 2026 total production between 6.2 mln and 6.8 mln oz AgEq

Company expects Zgounder Silver Mine 2026 output of 5.2 mln to 5.8 mln oz Ag at $21.50/oz AgEq cash cost

Aya plans 2026 Boumadine pyrite reclaim production of about 1.0 mln oz AgEq at $10/oz AgEq cash cost

Result Drivers

HIGHER SILVER PRICES - Q4 revenue growth was driven by a 47% quarter-over-quarter increase in average net realized silver equivalent price to $58.39/oz

INCREASED PRODUCTION VOLUMES - Consolidated silver equivalent ounces sold rose 282% yr/yr in Q4, supported by the ramp-up at Zgounder and initial contributions from Boumadine

ZGOUNDER RAMP-UP - Successful ramp-up and transition to steady-state operations at Zgounder boosted throughput and recoveries, supporting higher production and sales

Company press release: ID:nGNX3hDhMJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Meet
$75 mln
$75 mln (1 Analyst)
Q4 EPS
$0.12
Q4 Operating Cash Flow
$34 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "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$32.50, about 69.3% above its March 30 closing price of C$19.20

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)