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Aya Gold & Silver Inc. (AYA.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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2.9300-0.0200 (-0.68%)
As of 10:07AM EST. Market open.
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Previous Close2.9500
Open2.9300
Bid2.9200 x N/A
Ask2.9300 x N/A
Day's Range2.9100 - 2.9400
52 Week Range0.8200 - 3.5000
Volume1,142
Avg. Volume84,473
Market Cap270.092M
Beta (5Y Monthly)1.24
PE Ratio (TTM)N/A
EPS (TTM)-0.0660
Earnings DateMay 14, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.25
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    Stocks in play: Aya Gold & Silver Inc.

    Reported high-grade results from its ongoing drill exploration program at the Zgounder Silver Mine in ...

  • Aya Gold & Silver Reports High-Grade Drill Results at Zgounder Silver Mine
    GlobeNewswire

    Aya Gold & Silver Reports High-Grade Drill Results at Zgounder Silver Mine

    Results Include 1,363 g/t Ag over 12.50m and 2,046 g/t Ag over 5.5m Figure 1: Location of Reported DDH Results from Surface and Underground at ZgounderMontreal, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Montreal, Quebec, December 1, 2020 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to report high-grade results from its ongoing drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco. The objective of the 15,000-meter (“m”) drill program is to expand high-grade silver (“Ag”) mineralisation along strike and at depth.Included in this release are results for 10 diamond drill holes (“DDH”), which include six DDH from surface and four DDH at depth.Key highlights * ZG-20-22 intersected 1,363 grams per tonne (“g/t”) Ag over 12.50m * ZG-20-04 intersected 2,046 g/t Ag over 5.50m, 890 g/t Ag over 3.00m and 987 g/t Ag over 2.00m * ZG-20-05 intersected 4,705 g/t Ag over 2.50m and 3,640 g/t Ag over 2.00m * Results to date confirm high-grade mineralization and continuity along strike and at depth Benoit La Salle, President and CEO, remarked, “The latest drill results confirm new high-grade mineralisation at Zgounder, which continues to grow along strike and at depth. Results highlight the potential for high-grade resource growth within and surrounding the current underground mine. With 8 drills now turning, we expect additional positive drilling results that will contribute to our resource update in the coming months.”2020 Drilling ResultsThe 2020 exploration program at Zgounder has been designed to expand high-grade silver mineralisation along strike and at depth with the objective of increasing the resource and to bring the inferred resource into the indicated and measured resource categories. Specifically, the 15,000m drilling program follows up previous reverse-circulation (“RC”) and DDH drill programs that demonstrated the presence of several high-grade mineralised envelopes along the east-west oriented deposit that currently extend vertically to 225m below surface. The Corporation’s most recent NI 43-101 mineral resource (March 2018) statement for Zgounder totals 10,028,000 ounces at 315 g/t Ag in the measured and indicated (“M&I”) category and 28,338,000 ounces at 256 g/t Ag in the inferred mineral category.As of November 24, 2020, a total of 11,980m of the 15,000m planned exploration program had been completed comprising 9,300m of surface DDH, 1,410m from underground DDH, and 1,270m from underground percussion holes (“T28”). Aya encountered high-grade mineralised extensions at 408m and 467m (ZG-20-04 and ZG-20-09, respectively) from surface, indicating the potential for new underground zones. In addition, holes ZG-20-19 and ZG-20-22 both extend the mineralisation eastward (see Figure 1). Holes ZG-SF-20-03 and -07 from the underground drill program confirm extensions of mineralised lenses toward the west at underground level 1975. A total of 25 surface and underground DDH assays remain pending while 30 additional DDH should be completed from surface and underground before year-end.As shown in Figure 1, the mineralisation remains open along strike towards the east and at depth.Table 1: Significant Mineral Intercepts from Surface and Underground Drilling at ZgounderHole No. From (m) To (m) Length1 (m) Ag2 (g/t) Surface         ZG-20-09 467.5 471.5 4 1,275           ZG-20-19 155.5 159 3.5 863           ZG-20-05 182 184.5 2.5 4,705   403 405 2 3,640           ZG-20-04 95 97 2 987   107 110 3 890   165 170.5 5.5 2,046           ZG-20-22 101 113.5 12.5 1,363   181.5 183.5 2 877           Underground                   ZG-SF-20-07 15.5 17 1.5 1,170           ZG-20-SF-03 0 0.5 0.5 1,368   124 125 1 1,880 1 Holes were drilled at various angles; true widths are not known at this time2 All assay results are above the cut-off grade of 75 g/t AgFor a comprehensive summary of the latest results from the 2020 drill program, please refer to Appendix 1 of this press release for surface results and Appendix 2 for underground results.Appendix 1 presents mineral intercepts from six DDH (ZG-20-04, - 05, -09, -15, -19, -22) totalling 2,655m out of eight drill holes (ZG-20-04, - 05, -09, -15, -18, -20, -19, -22) completed. Appendix 2 showcases significant underground assay results comprising 4 DDH for 775m drilled from underground.Figure 1: Location of Reported DDH Results from Surface and Underground at ZgounderSee attachmentNext StepsBased on the results to date, the Corporation now plans the following: * To complete the remaining 3,020m of the 15,000m drill program before year-end * To concentrate efforts on further delineating the eastern extension of the mineralisation and on evaluating the recently outlined extension ranging from 350m to 500m at depth * To update the mineral resource for Zgounder in early Q1/2021 and incorporate new 2020 drill data * To convert a portion of the inferred resources into the indicated category Quality AssuranceFor core drilling, all individual samples represent approximately one meter in length of core, which was sawn in half. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco. All samples are analysed for silver, copper, iron, lead and zinc using Aqua regia and finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalysed using fire assaying.Marc-Antoine Audet, Ph.D. P.Geo, Geological Consultant, is Aya Gold & Silver's Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.About Aya Gold & Silver Inc.Aya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration, acquisition and development of silver and gold deposits. Aya is currently operating mining and milling facilities at its Zgounder Silver Mine, an 85%-15% joint venture between its subsidiary, ZMSM, and the Office National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of Morocco.Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti-Atlas Mountains of Eastern Morocco which is also a joint venture with ONHYM wherein Aya retains an 85% ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being 100% owned, with gold, tungsten, molybdenum and copper occurrences covering over 100 square kilometres in a historical mining district of Morocco. For additional information, please visit Aya’s website at www.ayagoldsilver.com. Or contact:Benoit La Salle, FCPA FCA President & CEO Tel: +1 (514) 951-4411 benoit.lasalle@ayagoldsilver.com Alex Ball VP, Corporate Development & IR Tel: +1 (647) 919-2227 alex.ball@ayagoldsilver.com Forward-Looking StatementsThis press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “objective”, “expand”, “confirm”, “new”, “grow”, “potential”, “continue”, “expect”, “will”, “designed”, “increasing”, “planned”, “complete”, “convert”, “should”, “present”, “reasonable”, “established”, “has”, “demonstrate”, “expect” or variations of such words and phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits including the accuracy of the current mineral reserve and mineral resource estimates of the Corporation (including, but not limited to, ore tonnage and ore grade estimates) and mine plans for the Corporation’s mining operations (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics); (v) the risk associated with establishing title to mineral properties and assets including permitting, development, operations and production from the Corporation’s operations being consistent with expectations and projections; (vi) fluctuations in commodity prices and other risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the Corporation and which is available at www.sedar.com, all of which should be reviewed in conjunction with the information found in this news release.Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Corporation's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Corporation does not undertake to update such forward-looking information except in accordance with applicable securities laws. Appendix 1: Mineral Intercepts from Surface Drilling at ZgounderHole No. From (m) To (m) Length1 (m) Ag2 (g/t) ZG-20-09 235 237 2 94   373.5 374 0.5 620   467.5 471.5 4 1,275     including 1 4,961   476.5 478.5 2 124   518.5 519 0.5 269 ZG-20-19 155.5 159 3.5 863     including 0.5 1,754     including 1 1,589   167 167.5 0.5 504   183 193 10 194 ZG-20-15 91.5 92 0.5 92   96.5 97 0.5 192   97.5 98 0.5 108   408 409 1 591   413 417 4 131 ZG-20-05 182 184.5 2.5 4,705     including 0.5 14,025     including 0.5 8,480   194.5 196 1.5 855   403 405 2 3,640     including 1 5,920 ZG-20-04 77.5 78 0.5 128   95 97 2 987   107 110 3 890   124.5 126 1.5 292   165 170.5 5.5 2,046     including 1 1,007     including 1 9,464   190 193 3 342   328 333 4.5 428 ZG-20-22 24 27 3 497   78.5 81.5 3 965   87 88 1 548   101 113.5 12.5 1,363     including 0.5 1,605     including 2 6,820   181.5 183.5 2 877   226 228 2 112 1 Holes were drilled at various angles; true widths are not known at this time2 All assay results are above the cut-off grade of 75 g/t AgAppendix 2: Mineral Intercepts from Underground Drilling at ZgounderHole No. From (m) To (m) Length1 (m) Ag2 (g/t) ZG-SF-20-07 4.5 5 0.5 108   15.5 17 1.5 1,170   18 18.5 0.5 102   23.5 24 0.5 200 ZG-SF-20-12 2.5 4 1.5 92   22 23.5 1.5 78 ZG-SF-20-13 17.5 19.5 2 143   31.5 32 0.5 156 ZG-20-SF-03 0 0.5 0.5 1,368   20 23 3 110   40 41.5 1.5 188   59.5 64 4.5 534   124 125 1 1,880   140.5 142 1.5 120 1 Holes were drilled at various angles, true widths are not known at this time2 All assay results are above the cut-off grade of 75 g/t Ag Attachments * Aya Drilling Dec 1 Final * Figure 1 CONTACT: Alex Ball Aya Gold & Silver Inc. 1 (647) 919-2227 alex.ball@ayagoldsilver.com

  • Aya Gold & Silver Reports Third Quarter 2020 Financial Results
    GlobeNewswire

    Aya Gold & Silver Reports Third Quarter 2020 Financial Results

    Montreal, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Montreal, Quebec, November 13, 2020 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce its interim financial results for the third quarter ended September 30, 2020. All amounts are in US dollars unless otherwise stated. Quarterly Highlights * Production of 113,655 oz of silver   * Sales of 81,423 oz of silver * 26,034 tons of ore processed at an average grade of 217 g/t Ag * Average realized silver price of $25.04/oz vs $24.39/oz average silver spot price in the quarter * Successful closing of a private placement offering of C$26,225,000 * Launch of a feasibility study for the expansion of the Zgounder Silver Mine * Commencement of 15,000-meter exploration program at Zgounder * Ongoing maintenance program at flotation and cyanidation plants “As expected, this was a transition quarter for Aya that sets the table for stronger operations in the coming quarters. Despite operational challenges, revenue grew by 14% compared to the same quarter in the prior year due to a favourable silver pricing environment. We are well positioned following our recently oversubscribed private placement to roll out our optimization plan, fund our exploration programs and complete the feasibility study to expand operations at the Zgounder Silver Mine,” said Benoit La Salle, President and CEO.    Three-month periods ended September 30,   Key Performance Metrics   Q3-2020 Q3-2019 % Variation Operational         Ore Processed (tons)   26,034 31,352 (17%) Average Grade (g/t Ag)   216.9 222.5 (3%) Mill Recovery (%)   62.6% 68.6% (9%) Silver Ingots Produced (oz)   93,691 25,118 273% Silver in Concentrate for Sale Produced (oz)   19,964 153,841 (87%) Total Silver Produced (oz)   113,655 178,959 (36%) Silver Ingots Sold (oz)   81,423 33,831 141% Silver in Concentrate for Sale Sold (oz)   \- 79,740 (100%) Total Silver Sales (oz)   81,423 113,571 (28%) Average Realized Silver Price per Ounce ($/oz)   25.04 14.26 76%   Financial         Revenues    1,748,191 1,533,754 14% Operating (Loss)    (1,597,495) 373,306 (-528%) Net (Loss) Earnings    (1,784,504) 345,242 (617%) Operating Cash Flows    (1,411,976) 26,309 (5,467%) Cash and Restricted Investments    31,082,155 16,089,403 93% Change in Working Capital    (887,213) (779,101) 14%           Shareholders         (Loss) Earnings per Share (“EPS”) – basic & diluted   (0.021) 0.004   Financial Highlights Q3-2020 vs Q3-2019 * In the third quarter, revenue from silver sales totaled $1,748,191 (Q3-2019 – $1,533,754). More silver was produced than sold in the quarter as a result of shipment delays due to COVID-19 and lower silver prices.  * Net loss for the quarter was $1,784,504 (EPS of ($0.021)), compared to a net gain of $345,242 (EPS of $0.004) for the same period of 2019. Net loss for the quarter was attributable to the vesting of share purchase options yielding an expense of $2,404,283. Excluding this non-cash expense, the net gain would have been $619,779. * Operations generated a gross margin of $185,387 compared to $413,250 in Q3-2019. * Comprehensive loss for the quarter of ($1,952,103), compared to $(211,017) in the same quarter of last year. Most of this loss is attributable to a foreign currency translation adjustment loss of $167,599 compared to a foreign currency translation adjustment loss of $556,259 in Q3-2019. * Cash flows used by operating activities for the quarter of ($1,411,976), compared to $26,309 used in operating cash flows for Q3-2019. * Cash and restricted investments of $31,082,155 as at September 30, 2020 compared to $16,089,403 at September 30, 2019.Zgounder Silver MineIn the quarter, the Zgounder Silver Mine dealt with a number of operational challenges that have since been fixed including a temporary ball mill shutdown at the flotation plant for five weeks. As a result, availability of the concentrator reached 69.7% with silver recovery of 62.6%. Silver grade feed to the mill was 217 g/t Ag compared to 222 g/t Ag in Q3-2019. COVID-19 continues to impact our operations, limiting movement within the country and making it difficult to bring contractors to site. This situation will persist until the pandemic is controlled.A new operational management team arrived on site in the first week of September. The on-site team is implementing new human resource, operations, health and safety and maintenance plans. Seven key new hires were made with an additional four hires before year-end.The 12-month maintenance plan includes significant repair of mining equipment, tailings facilities, living quarters, flotation plant, cyanidation plant and surrounding infrastructure, to improve and optimize operations. Once completed, we expect production to increase to one million ounces of silver annually. Management plans to announce 2021 guidance in parallel with its 2020 year-end financial results.The initial phase of the plan involved fixing and upgrading the tailings facilities. Accordingly, water diversion canals were constructed in the quarter to prevent spillover during the rainy season, which begins in mid-November and lasts until the end of January. In addition, improvement of the employee base camp began in the quarter and is expected to be completed at the end of Q1-2021. The well-being of our employees, along with the new realities of the COVID-19 pandemic, made the refurbishment of the employee base camp a priority. To date, no cases of COVID-19 have been reported at the mine site.Finally, work has commenced on both the flotation plant and the cyanidation plant. The flotation plant ball mill was the first critical piece of equipment repaired in Q3-2020. The ball mill repairs lowered production at the flotation plant during the quarter, but the cyanidation plant continued to treat concentrate that was in inventory. Additionally, our current mining equipment will undergo major repairs. New parts have been ordered, and we are awaiting their delivery to begin maintenance work. Zgounder ExplorationOn July 14, the Corporation announced a 15,000-meter exploration drilling program at the Zgounder Silver Project. The goal of the program is to increase and further define resources within the east zone of the deposit and to confirm and define mineralization below the current underground mine. Drilling at the mine started on September 19, 2020 with two drilling contractors. Four diamond drills (“DDH”) are currently operating at surface, and two electric drills operating within the mine. The Corporation is also using localized definition drilling using T28 “Jackleg” drills (“T28”) to improve the definition.As of October 31, 2020 the Corporation had completed 7,225 meters of DDH and 428 meters of T28 drilling. African Laboratory for Mining and Environment (“Afrilab”) is responsible for sample preparation and analysis, while ALS Séville is acting as the check laboratory. Initial exploration results are expected before year-end. Boumadine Polymetallic ProjectDrilling at the property was halted in Q2-2019. The next step for the Boumadine project is to carry out metallurgical test work with the goal of improving gold, zinc and lead recovery. Sampling is currently underway to support the metallurgical test work. Azegour, Amizmiz, Toulkine PropertiesAs of September 2, 2020, the Corporation has received mining permits for each property. The permits for the Toulkine and Amizmiz properties expire on May 16, 2029, while the expiration date for the Azegour property is June 1, 2030. All the permits are renewable after the initial term.An exploration program for these properties will be determined by year-end. About Aya Gold & Silver Inc.Aya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration, acquisition and development of silver and gold deposits. AYA is currently operating mining and milling facilities at its Zgounder Silver Mine, an 85%-15% joint venture between its subsidiary, ZMSM, and the Office National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of Morocco.Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti-Atlas Mountains of Eastern Morocco which is also a joint venture with ONHYM wherein AYA retains an 85% ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being 100% owned, with gold, tungsten, molybdenum and copper occurrences covering over 100 square kilometres in a historical mining district of Morocco. For additional information, please visit Aya’s website at www.ayagoldsilver.com. Or, contact:Benoit La Salle, FCPA FCA President & CEO Tel: +1 (514) 951-4411 benoit.lasalle@ayagoldsilver.com Alex Ball Corporate Development & IR Tel: +1 (647) 919-2227 alex.ball@ayagoldsilver.com  Forward-Looking StatementsThis press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “strong”, “grow”, “continue”, “roll-out”, “fund”, “expect”, “increase”, “will”, “continue”, “provide”, “present”, “reasonable”, “established”, “has”, “demonstrate”, “potential”, “expect” or variations of such words and phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits including the accuracy of the current mineral reserve and mineral resource estimates of the Corporation (including, but not limited to, ore tonnage and ore grade estimates) and mine plans for the Corporation’s mining operations (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics); (v) the risk associated with establishing title to mineral properties and assets including permitting, development, operations and production from the Corporation’s operations being consistent with expectations and projections; (vi) fluctuations in commodity prices and other risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the Corporation and which is available at www.sedar.com, all of which should be reviewed in conjunction with the information found in this news releaseAlthough the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Corporation's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Corporation does not undertake to update such forward-looking information except in accordance with applicable securities laws.Attachment * Aya Q3 2020 results final CONTACT: Alex Ball Aya Gold & Silver Inc. 1 (647) 919-2227 alex.ball@ayagoldsilver.com