The following is a summary of the Aya Gold & Silver Inc. (AYASF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Aya Gold & Silver produced 366,000 ounces of silver, generating a revenue of $5.1 million in Q1 2024.

• The company reported a net loss of $2.5 million for the quarter with cash costs being $20.31 per ounce, a result of lower production and lower sales.

• The company closed the quarter with $111 million in cash, alongside $25 million drawn from its EBRD loan.

Business Progress:

• Significant progress was made in expanding the Zgounder Mine, which is on schedule for commissioning in Q2 2024.

• The company managed to stockpile 275,000 tons of ore for the commissioning of the new mill, exceeding the target.

• A total of 145,000 meters of drilling is planned for Boumadine and Zgounder in 2024.

• The Zgounder expansion is nearing completion, on track to start production in Q4 2024.

• Enlargement of the land package at Boumadine by 346% was successfully carried out.

• The company showed commitment to sustainability by launching initiatives focused on education, health, and agriculture in the local communities.

More details: AYA GOLD & SILVER INC IR

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