Aya Gold & Silver Extends Zgounder Mine Life with Updated Technical Report

Aya Gold & Silver ( (TSE:AYA) ) has provided an announcement.

Aya Gold & Silver has announced an updated NI 43-101 Technical Report for its Zgounder Silver Mine, highlighting a new Life of Mine plan extending operations to 2036. The report indicates a robust increase in reserves and resources, supported by extensive drilling and a refined geological model, which enhances the reliability of the mine plan. With an average annual silver production of 6 million ounces over the next 11 years, the company is well-positioned for future growth, leveraging a capital-efficient open-pit strategy and a favorable market landscape.

The most recent analyst rating on (TSE:AYA) stock is a Hold with a C$21.00 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 strong technical indicators and positive earnings call contribute significantly to its score. However, high valuation concerns and profitability challenges weigh down the overall score. The company’s robust growth and operational performance are promising, but financial efficiency and cost management need improvement.

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 extraction and production of silver. The company is engaged in developing and managing mining projects, with a significant focus on the Zgounder Silver Mine, which is a key asset in its portfolio.

Average Trading Volume: 1,792,156

Technical Sentiment Signal: Buy

Current Market Cap: C$2.98B

For detailed information about AYA stock, go to TipRanks’ Stock Analysis page.