Update: Aya Gold & Silver Drops 15% as It Swings to a Q4 Loss

11:56 AM EDT, 03/28/2025 (MT Newswires) -- (Updates shares.)

Aya Gold & Silver ( AYASF ) on Friday said it swung to a fourth-quarter loss on weaker revenue.

Aya said it lost US$30.0 million, or US$0.23 per share, compared with a profit of US$3.6 million, or US$0.03, in the year-prior quarter. Analysts polled by FactSet had a consensus forecast of US$0.00 per share.

Revenue fell 16% to US$9.3 million, below the FactSet analyst consensus forecast of US$14.7 million. Silver production from its Zgounder mine in Morocco 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 chief executive 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 ounce.

Aya shares were last seen down $1.95 to $10.87 on the Toronto Stock Exchange.

Price: 10.85, Change: -1.97, Percent Change: -15.37

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