CA - Aya Gold & Silver: Counting On Operational Growth In 2024

2024-01-31 04:40:27 ET

Summary

• Aya Gold & Silver's FY 2023 operational results showed a significant increase in YoY silver production, exceeding production guidance.
• AYASF is on track to achieve the nameplate processing capacity of 2,700 tpd at the Zgounder mill in 2024.
• Production ramp-up at Zgounder operations and the expected release of Boumadine's resource estimate will likely fuel further price appreciation in 2024.

Thesis

In my previous analysis of Aya Gold & Silver ( OTCQX:AYASF ), I discussed the mining attraction of AYASF's flagship asset, the Zgounder mine. I also analyzed the company's near-term growth potential linked with its key exploration properties, including Boumadine, Tijirit, etc. The share price has increased by ~40% over the past 12 months....

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