Aya Gold & Silver (TSE:AYA)
TSX:AYA
Earnings Data
Report Date
May 08, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial update: record revenue, a swing to profitability, robust cash generation, outstanding plant performance (throughput and recoveries above design), and compelling economics at Boumadine supported by aggressive, cost-efficient drilling. Management acknowledged and has largely addressed early ramp-up technical issues and outlined clear mitigations for cost pressures and operational improvements (open-pit grade control, throughput increases, exploration-led resource upgrades). Remaining near-term risks include commodity/consumable cost inflation, early high strip ratios that elevate 2026 unit costs, and some uncertainty around concentrate payabilities — none appear to negate the company’s strong momentum. Overall, highlights outweigh the challenges.Company Guidance
Record Revenue and Profitability
Full-year 2025 revenue of $202 million vs $39 million in 2024 (≈+418%), net income of $46 million after tax vs a $26 million loss in 2024 (positive swing of $72 million). Earnings per share ~$0.32–$0.33 for the year (≈+$0.10 EPS before stock-based compensation).
Strong Cash Generation and Balance Sheet
Operating cash flow of ~$72 million in 2025 vs -$9 million in 2024 (large improvement). Cash balance unrestricted $136 million plus $16 million restricted; cash flow before working capital changes reported at $68 million for the year and $35 million for Q4. Minimal near-term financing needs for Boumadine noted.
Outstanding Plant Performance and Throughput
Q4 average milling rate of ~3,800 tpd vs nameplate 2,700 tpd (≈40% above nameplate). Plant availability Q4 99% (96% for the year). Milling ramp: ~1,200 tpd at Q4 2024 to 3,800 tpd in Q4 2025.
Improved Metallurgical Recoveries
Annual average recovery 88.4% with Q4 recovery ~91.2% (recoveries improved from low-80s early in the ramp-up after oxygen plant fixes; ~3–4 percentage points above feasibility design).
Production Momentum and Inventory/Mining Trends
Q4 production ~1,547,000 ounces (includes some Boumadine tailings processing). For the year, mined ~1.0 million tonnes and processed ~1.1 million tonnes (year slightly drew on ROM; Q4 reversed to mining > processing indicating stockpile build).
Compelling Boumadine PEA Economics
Boumadine PEA (using $2,800/oz Au and $30/oz Ag) shows low initial CapEx $446 million, pretax NPV $2.2 billion, IRR 69%, payback 1.3 years, CapEx:NPV 1:5 and ~400,000 oz gold-equivalent/year (~37.5 million oz Ag-equivalent) first 5 years; gold-equivalent AISC ~ $920 for years 1–5. District-scale resource ~450 million oz Ag-equivalent (to be updated with 2025 drilling).
Aggressive and Efficient Exploration Program
2025 drilling: ~28,000 m at Zgounder (vs 25k budget) and ~150,000 m at Boumadine (vs 140k budget) — total ~178–180k m; average diamond drilling cost ≈ $144/m. Multiple new targets and extensions discovered; ongoing large 2026 drill programs (budgeted ~200k m at Boumadine, 20k m at Zgounder).
Improving Quarterly Margins and Profitability Trend
Quarterly margin progression from ~$13 (Q1/Q2) to ~$20 (Q3) to ~$38 (Q4). Quarterly net income progression: Q1 $7M, Q2 $9M, Q3 $12M, Q4 $18M. Q4 EPS ~$0.12.
TSE:AYA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:AYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | C$19.20 | C$21.22 | +10.52% |
Nov 11, 2025 | C$15.27 | C$15.11 | -1.05% |
Aug 14, 2025 | C$12.39 | C$11.91 | -3.87% |
May 13, 2025 | C$10.03 | C$11.24 | +12.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aya Gold & Silver (TSE:AYA) report earnings?
Aya Gold & Silver (TSE:AYA) is schdueled to report earning on May 08, 2026, TBA (Confirmed).
What is Aya Gold & Silver (TSE:AYA) earnings time?
Aya Gold & Silver (TSE:AYA) earnings time is at May 08, 2026, TBA (Confirmed).
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What is TSE:AYA EPS forecast?
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