anadian miner Aya Gold & Silver, which runs the Zgounder silver mine in Morocco, posted third-quarter 2026 revenue of 103 million dollars, up 90% on a year earlier, according to results released on November 12.
Net income reached 35 million dollars, up 182%. Consolidated output came to 2 million silver equivalent ounces, up 51%, including 1.5 million ounces of silver at Zgounder and 0.5 million from the Boumadine pyrite reclaim operation.
Cash costs at Zgounder fell 16%, to 17.53 dollars per ounce of silver sold, while the plant there processed a record average of 4,096 tonnes a day.
The group has therefore raised the low end of its 2026 production range at Zgounder, now 5.6 to 5.8 million ounces of silver, against 5.2 to 5.8 million before.
Its cash stands at 184 million dollars, and its exploration ground in Morocco now covers more than 1,200 km², about 50% more, after it added a portfolio in the Anti-Atlas and another near Zgounder.
Photo: Aya Gold & Silver.
Aya Gold & Silver - Aya Gold & Silver Reports Strong Q3-2026 Results on Record Production and Lower Cash Costs
