Aya Gold & Silver (AYA)

The company operates across the mining value chain, combining producing assets with earlier-stage growth opportunities. Its strategy centres on expanding and optimising Zgounder while advancing a broader Moroccan exploration portfolio. The Anti-Atlas fault system, where Zgounder is situated, is considered prospective for silver, gold, and base metals, making regional exploration an important part of Aya’s investment case.

Aya also owns an 85% interest in the Boumadine project, a polymetallic asset at the exploration and evaluation stage. Boumadine adds exposure to a mix of metals and provides the company with a second major platform for potential resource growth. As a mining stock, Aya’s performance is influenced by operating execution, exploration results, capital spending, mine development progress, and silver prices. Its distinctive profile comes from being one of the few listed producers with a primary focus on high-grade Moroccan silver assets, while maintaining additional upside through exploration and development projects in the same country.