Aya Gold & Silver Inc. (TSE:AYA) has released an update.
Aya Gold & Silver Inc. reported a decrease in revenue by 51% in Q1-2024 compared to the same period last year due to lower-grade ore processing, but saw a 12% increase in ore processing volume. Despite the revenue dip, the company successfully closed a public financing round raising $57.3 million and advanced the Zgounder Mine expansion, nearing 89% completion with expectations to commission in Q2-2024. Aya maintains its 2024 financial guidance and reports a strong cash position of $111 million.
For further insights into TSE:AYA stock, check out TipRanks’ Stock Analysis page.
