Aya Gold & Silver (AYA) 2024 Precious Metals Summit Beaver Creek summary

Corporate overview and leadership

• Operates exclusively in Morocco, focusing on silver and a developing polymetallic project, with a leadership team experienced in mining and board members from BASF and Daimler.

• Share structure: 130 million shares, $1.5–$1.9 billion market cap, $100 million cash, $100 million debt, and 15% insider ownership.

• 30% of shares held by European family offices, remainder by institutions and retail.

Operations and jurisdiction

• All revenue is derived from silver, with no by-product sales.

• Morocco offers favorable mining conditions, ranking #27 globally for investment attractiveness and #12 for policy perception.

• Mining licenses are easily renewed, funds can be repatriated, and projects are grid-connected with reliable power.

Asset development and exploration

• Zgounder Mine expansion is 95% complete as of Q2-2024, targeting commercial production in late Q4-2024 and on budget.

• Zgounder resources grew from 10–20 million to 100 million ounces since 2020, with 70 million ounces of reserves.

• Boumadine project advanced with 42,073m drilled of a 120,000m program, a new NI 43-101 resource estimate, and 350 million ounces of silver equivalent.

• 2024 drill program expanded to 160,000m, focusing on Boumadine and Zgounder, with Zgounder’s program doubled to 30,000m.

• Boumadine land package quadrupled, with new high-potential zones identified for drilling.