Aya Gold & Silver Swings to Q4 Net Loss

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Aya Gold & Silver Swings to Q4 Net Loss

, MT Newswires - 7:43 AM ET 3/28/2025 default

07:43 AM EDT, 03/28/2025 (MT Newswires) -- Aya Gold & Silver ( AYASF ) on Friday said it swung to a fourth-quarter net loss as revenue fell.

Aya posted a net loss on the quarter of US$30.0 million, or US$0.23 per share, compared with net income of US$3.6 million, or US$0.03 per share, booked in the same period a year ago. Analysts polled by FactSet had a consensus forecast of US$0.00 per share.

Revenue fell 16% to US$9.3 million, below the analyst consensus forecast of US$14.7 million compiled by FactSet. Silver production rose 9% to 491,310 ounces from 450,046 ounces.

"2024 was a pivotal year for Aya, highlighted by the successful on budget completion of the Zgounder Mine expansion - a rare achievement in this industry," said Benoit La Salle, Aya's president and CEO. "This milestone was essential for the commissioning phase and the declaration of commercial production announced in Q4 2024."

The company said it is now focused on optimizing Zgounder's operations, and expects to complete an updated technical report in 2025, providing the foundation for future production and cost guidance.

For 2025, the company expects to produce 5.0 million to 5.3 million ounces of silver at cash costs of US$15.00 to US$17.50 per pound.

Aya's share price gained 3.1% on Thursday to $12.82 on the TSX.

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