By Adriano Marchese
Aya Gold & Silver shares rose Tuesday after the company reported a rise in revenue in the fourth quarter thanks to higher silver prices, a momentum it expects to carry forward in 2026.
Shares rose nearly 11% to 21.21 Canadian dollars ($15.23).
The miner, which operates the Zgounder silver mine in Morocco, on Tuesday reported a rise in revenue to $75.3 million, from $9.3 million a year earlier. The higher revenue led to a profit of $18.3 million compared with a loss of $30 million.
On a per-share basis, the company logged a profit of 12 cents, compared with a loss of 20 cents.
The increases was driven by a higher average net realized silver-equivalent price of $58.39 per ounce, which was more than double what it was last year.
For 2026, Aya expects total production to reach between 6.2 million and 6.8 million ounces of silver-equivalent.
Thanks to the higher silver prices, the company said it expects strong margins and operating cash flow, it said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 31, 2026 11:22 ET (15:22 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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