Company Overview

Aya Gold & Silver Inc. is a publicly listed precious metals company focused on the exploration, development, and production of silver assets, with all current operations concentrated in Morocco. The company operates in the mining and metals industry, with a primary emphasis on silver production and silver-rich polymetallic exploration. Its core revenue is generated from silver sales produced at its flagship operating mine, while additional value is driven by exploration success and resource expansion.

The company’s principal asset is the high-grade Zgounder Silver Mine, which positions Aya as one of the largest primary silver producers in North Africa. Aya differentiates itself through its exclusive geographic focus, long-standing operating presence in Morocco, and strong relationships with local and national stakeholders. The company was originally incorporated as Maya Gold & Silver Inc. and rebranded to Aya Gold & Silver Inc. in 2020 to reflect a renewed strategic focus on silver and growth-oriented development.

Business Operations

Aya Gold & Silver conducts its operations primarily through its Moroccan subsidiary, Zgounder Millenium Silver Mining, which owns and operates the Zgounder Silver Mine. The mine is a producing underground silver operation, generating revenue through the extraction and sale of silver concentrate. The company is also advancing a major mill expansion project at Zgounder, designed to materially increase throughput capacity and silver output.

In addition to production, Aya maintains an active exploration portfolio, most notably the Boumadine Project, a large-scale, high-grade silver-polymetallic exploration asset containing silver, zinc, lead, and copper mineralization. The company’s activities are almost entirely international, with no producing assets in Canada, and it relies on in-house geological, technical, and operational teams rather than joint-operated mines. Data on additional joint ventures or third-party processing arrangements is inconclusive based on available public sources.

Strategic Position & Investments

Aya’s strategic direction centers on transforming the company into a mid-tier primary silver producer by expanding production at Zgounder while advancing Boumadine toward potential development. A key growth initiative is the multi-year capital investment in the Zgounder expansion, which includes a new processing plant, upgraded infrastructure, and improved operational efficiencies.

The company has prioritized organic growth over large-scale mergers and acquisitions, focusing capital deployment on internal assets rather than external portfolio investments. Boumadine represents Aya’s most significant emerging growth driver and is considered a potential future cornerstone asset due to its scale and high-grade mineralization. Aya is not materially exposed to emerging technologies outside of conventional underground mining and mineral processing, based on available disclosures.

Geographic Footprint

Aya Gold & Silver’s operational footprint is concentrated entirely in Morocco, where it benefits from a stable mining jurisdiction and established regulatory framework. The company’s producing and exploration assets are located in the Anti-Atlas and High Atlas regions, while its operational management and in-country workforce are also based locally.

Corporate functions, including executive leadership and capital markets activities, are managed from Canada, where the company is headquartered and listed. Aya does not currently report operating mines or advanced development projects in other continents, and its international influence is primarily limited to capital markets rather than physical operations.

Leadership & Governance

Aya Gold & Silver is led by an executive team with extensive experience in precious metals exploration, mine development, and international operations. The leadership philosophy emphasizes disciplined capital allocation, operational execution, and long-term value creation through high-grade assets in stable jurisdictions.

Key executives include:

• Benoit La Salle – President & Chief Executive Officer
• Alain Bouchard – Chief Financial Officer
• Youssef Laamari – Chief Operating Officer
• Brahim El Messaoudi – Vice President, Morocco Operations

The board and management team collectively bring experience across mine construction, financing, and public company governance. Certain executive roles and titles beyond those listed above could not be independently verified across multiple public sources and are therefore excluded.