Aya Gold & Silver Upsizes Equity Financing to $125 Million

Aya Gold & Silver ( (TSE:AYA) ) has issued an update.

Aya Gold & Silver Inc. has increased its previously announced bought deal equity financing to $125 million due to high demand. The proceeds will be used to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes. This move is expected to strengthen Aya’s financial position and support its growth strategy in the silver mining industry.

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 stock score reflects strong technical momentum and strategic corporate events that enhance its growth prospects, despite financial performance and valuation challenges. Operational improvements and liquidity strength also contribute positively.

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

More about Aya Gold & Silver

Aya Gold & Silver Inc. is a Canada-based silver producer with operations in Morocco. It is the only TSX-listed pure silver mining company, operating the high-grade Zgounder Silver Mine and exploring properties along the South-Atlas Fault, known for past-producing mines and historical resources. The company focuses on maximizing shareholder value with sustainability at the core of its operations and growth plans.

Average Trading Volume: 1,088,288

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.9B

See more data about AYA stock on TipRanks’ Stock Analysis page.