Aya Gold & Silver Expands Exploration at Zgounder with New Permits

The latest update is out from Aya Gold & Silver ( (TSE:AYA) ).

Aya Gold & Silver has announced significant progress in its exploration efforts at the Zgounder Silver Mine in Morocco, reporting high-grade silver results from its ongoing drill exploration program. The company has also expanded its exploration footprint by acquiring six new permits, increasing the area by 11.9% to over 452.7 square kilometers. This strategic expansion aims to explore for satellite deposits and strengthen Aya’s position in the silver mining sector. The commencement of drilling in the Far East permits and the identification of high-impact targets underscore the potential for further mineralization, which could enhance the company’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:AYA) stock is a Buy with a C$23.00 price target. To see the full list of analyst forecasts on Aya Gold & Silver stock, see the TSE:AYA Stock Forecast page.

Spark’s Take on TSE:AYA Stock

According to Spark, TipRanks’ AI Analyst, TSE:AYA is a Neutral.

Aya Gold & Silver’s overall stock score reflects strong corporate events and positive earnings call highlights. However, negative profitability and valuation concerns weigh down the score, with technical indicators providing mixed signals.

To see Spark’s full report on TSE:AYA stock, click here.

More about Aya Gold & Silver

Aya Gold & Silver Inc. is a company operating in the mining industry, primarily focused on the exploration and production of silver. The company is actively engaged in expanding its mining operations and exploration activities, particularly in the Kingdom of Morocco, with a focus on high-grade silver deposits.

Average Trading Volume: 1,170,741

Technical Sentiment Signal: Buy

Current Market Cap: C$1.72B

See more insights into AYA stock on TipRanks’ Stock Analysis page.