Aya Gold & Silver reports Q2 2026 revenue, profit surge

Aya Gold & Silver (TSX: AYA ) reported second-quarter financial results on Friday.

The transcript from the company's second-quarter earnings call has been provided below.

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Access the full call at Summary Aya Gold & Silver reported Q2 2026 revenue of $97 million, a 151% increase year-over-year, with net income at $35 million and cash flow at $48 million, demonstrating strong financial performance.

The Zgounder mine achieved a mining rate of 4,900 tonnes per day, exceeding the original nameplate capacity, with a record milling rate and an ore stockpile of 374,000 tonnes.

Cash costs at Zgounder decreased to $17.69 per ounce from $18.64 in the previous quarter, while Boumadine's cash cost was $10.58 per ounce, supporting strong cash flow generation.

The company maintained a cash position of $183 million at quarter-end after investing $38 million in exploration and sustaining capex and repaying $48 million in debt.

Aya Gold & Silver confirmed its production guidance, expecting to meet its 2026 targets with strong performance in Q3 and Q4 anticipated.

Boumadine's feasibility work is ongoing, with a PEA update expected in September, positioning it as a strategic project for future growth.

The company made strategic acquisitions of 259 square kilometers of exploration ground in Morocco, reinforcing its first-mover advantage in the region.

Aya Gold & Silver's NASDAQ listing was a success, increasing trading volume and attracting new institutional investors.

Full Transcript OPERATOR Good morning everyone.

I will now turn the call over to Elizabeth Amoui, Aya Gold & Silver Director of Corporate and Financial Communications.

Please go ahead.

Elizabeth Amoui, Director of Corporate and Financial Communications Thank you, Operator.

And welcome to Aya Gold & Silver's second quarter 2026 earnings conference call.

Joining me today are Benoit La Salle, President and CEO; Hugo Landry-Tolczyk, Chief Financial Officer; Elias Elias, Chief Legal and Sustainability Officer; Rafael Baudoin, Vice President of Operations; and David Lalonde, Vice President of Exploration.

We will refer to a presentation available via the webcast and on our website as we will be making forward-looking statements during the call.

Please refer to the cautionary notes in the presentation, news release, and MD&A, as well as the risk factors in our annual information form.

Technical information in the presentation has been reviewed and approved by Rafael Baudoin, Aya's Vice President of Operations, and David Lalonde, Aya's Vice President of Exploration.

Qualified persons as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

And following the presentation we will have a Q&A session.

I would now like to turn the call over to Benoit La Salle.

Benoit La Salle, President and CEO Thank you very much.

Welcome everyone to our Q2 2026 conference call.

It is another very strong quarter for Aya.

We have pre-released the production results for the quarter.

You recall that the production for Q2 is 1.7 million ounces of silver equivalent, which is a 61% increase year over year, and it's a 12% increase quarter over quarter.

That translated into very strong financial results.

So our revenue for the second quarter of 2026 stands at $97 million, which is an increase of 151% year over year.

Our net income for Q2 is at $35 million, which is also a very strong increase from the previous year.

And our cash flow is at US$48 million, which is a 522% increase from the previous year, Q2 2025.

So we have a very strong quarter in revenue, strong quarter in profit, strong quarter in cash flow.

And this, as we all know, due to the seasonality in Morocco.

Q1 is always a little bit lighter because of the weather.