Company Overview

Aya Gold & Silver Inc. is a Canadian precious metals mining company focused primarily on silver production and exploration in Morocco. The company operates in the mining and mineral exploration industry, with its core activities centered on the acquisition, development, and operation of silver and polymetallic assets. Aya’s primary revenue driver is silver production from its flagship Zgounder Silver Mine, complemented by exploration activities across several Moroccan permits prospective for silver, copper, zinc, and gold mineralization. The company is publicly traded on the Toronto Stock Exchange under the symbol AYA and also trades on the OTCQX market in the United States.

Aya has positioned itself as one of the few publicly listed silver-focused producers with substantial exposure to North Africa. Its strategic advantage is tied to its large land package in Morocco, long-term operating presence in the country, and vertically integrated development strategy combining production growth with district-scale exploration. The company evolved from earlier exploration-stage operations into a growth-oriented silver producer following the acquisition and expansion of the Zgounder asset and the advancement of its broader Moroccan exploration portfolio.

Business Operations

Aya conducts its operations primarily through its Moroccan subsidiaries and mining interests, with the Zgounder Silver Mine representing the company’s principal producing asset. The company also controls the Boumadine Project, a polymetallic exploration project containing silver, zinc, lead, and gold mineralization, alongside additional regional exploration permits. Revenue is generated mainly through the production and sale of silver concentrate and silver bullion derived from mining activities at Zgounder. Operational activities include underground mining, mineral processing, exploration drilling, engineering, and mine expansion development.

The company’s operations are concentrated in Morocco, although it maintains corporate and capital markets functions in Canada. Aya has invested heavily in mine expansion infrastructure, processing plant upgrades, and exploration drilling programs intended to increase throughput and resource scale. The company works with regional contractors, technical consultants, and Moroccan regulatory authorities to support permitting, infrastructure development, and exploration activities. Public disclosures indicate continued investment in exploration technologies, geological modeling, and operational optimization initiatives to improve production efficiency and resource conversion.

Strategic Position & Investments

Aya’s strategic direction is focused on expanding silver production capacity while simultaneously growing its mineral resource base through aggressive exploration. A major component of this strategy has been the expansion of the Zgounder Silver Mine, including construction and commissioning activities designed to significantly increase processing throughput and annual silver production. The company has also directed substantial capital toward exploration drilling at the Boumadine Project, which management has identified as a potentially significant polymetallic discovery within its portfolio.

The company continues to prioritize organic growth rather than broad geographic diversification, concentrating investment within Morocco’s mining sector. Aya has emphasized resource expansion, reserve conversion, and operational scalability as central themes in its long-term development strategy. Its portfolio includes wholly owned or majority-controlled exploration permits and mining assets across several Moroccan regions. Public filings and investor materials also indicate continued interest in identifying additional high-potential exploration opportunities within the country’s established mining districts.

Geographic Footprint

Aya Gold & Silver is headquartered in Montreal, Canada, while its principal mining and exploration operations are located in Morocco. The company’s operational footprint is concentrated in North Africa, particularly within Moroccan mining regions known for silver and polymetallic mineralization. Its flagship Zgounder Silver Mine is situated in the Anti-Atlas mountain region, while the Boumadine Project is located in eastern Morocco.

Although Aya’s producing and exploration assets are concentrated in Morocco, the company maintains access to international capital markets through its Canadian listing and engagement with institutional investors across North America and Europe. Morocco’s mining framework, infrastructure access, and proximity to European markets have been cited in public company disclosures as strategic advantages supporting operational development and export potential.

Leadership & Governance

Aya Gold & Silver was developed through the restructuring and advancement of earlier Moroccan mining assets into a growth-focused silver producer. The company is led by an executive team with backgrounds in mining operations, finance, engineering, and mineral exploration. Management has consistently emphasized disciplined capital allocation, operational expansion, and exploration-driven growth as part of its corporate strategy.

Key executives include:

• Benoit La Salle – Executive Chairman
• David Lalonde – President and Chief Executive Officer
• Alex Ball – Chief Financial Officer
• Raphael Beaudoin – Vice President, Exploration
• Nezha Alaoui Mhamdi – General Manager, Morocco

The company operates under Canadian public company governance standards and provides disclosures through regulatory filings including SEDAR+ filings, annual reports, management discussion and analysis documents, and technical reports prepared under NI 43-101 standards. Publicly available information indicates that leadership remains focused on scaling production, increasing mineral resources, and strengthening Aya’s position as a significant silver producer operating in Morocco.