Aya Gold & Silver Inc (STU:0HE)

Q1 2026 Aya Gold & Silver Inc Earnings Call Transcript

May 14, 2026 / 02:00 PM GMT

Release Date Price: €18.25 (-0.30%)

Transcript

Key Points

Positve

Aya Gold & Silver Inc (AYA) reported record revenue of $117 million for Q1 2026, a significant increase from $34 million in the same quarter last year.
The company achieved a record net income after tax of $49 million, with an EPS of $0.33 fully diluted.
Aya Gold & Silver Inc (AYA) maintained a strong cash balance of $172 million at the end of the quarter.
The company increased its production to almost 1.5 million ounces of silver for the quarter, despite losing five days of operation due to weather conditions.
The company has a robust exploration program, planning to drill close to 240,000 meters this year, indicating strong future growth potential.

Negative

Severe weather conditions in Q1 2026 led to a loss of five operational days, impacting production levels.
The company faced logistical challenges at the Boumadin site, with ports in Morocco shut down for a month due to weather, affecting the shipment of pyrite concentrate.
Aya Gold & Silver Inc (AYA) is subject to a high income tax rate in Morocco, currently at 40%, which is a significant cost factor.
The strip ratio in the open pit is expected to increase, potentially leading to higher costs in the future.
The company faces challenges in maintaining consistent throughput due to bottlenecks in the crushing circuit, although measures are being taken to address this.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AYA.TO - Aya Gold & Silver Inc
Q1 2026 Aya Gold & Silver Inc Earnings Call
May 14, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone.

I will now turn the call over to Elizabeth Hemaway, IA Gold and Silver's Director of Corporate and Financial Communications. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and welcome to everyone who has joined IAS's first quarter 2026 earnings conference call. Here with me today, I have Benoit LaSalle, President and CEO, Bibul Amri Tostra, Chief Financial Officer, Elias Elias, Chief Legal and Sustainability Officer, Raphael Bourdoin, Vice President of Operations, and David Lalon, Vice President of

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