Aya Gold & Silver

The stock of Aya Gold & Silver climbed intraday to C$41.98 (+7.9%), reaching a new 52-week high. The trigger was a Desjardins upgrade that raised the price target from C$38 to C$55 and reaffirmed the buy recommendation. Earlier target increases by BMO, CIBC and National Bank, together with positive price moves in the silver sector and supportive US markets, amplified the rise. » More on de.investing.com

Aya reported adjusted earnings of $0.23 per share and revenue of $96.79 million for Q2 2026, both well below consensus estimates (EPS expectation $0.3855; revenue forecast $121 million). Silver-equivalent production rose 61% to 1.7 million ounces, operating cash flow was $48 million ($119 million H1) and liquidity stood at $183 million. Management attributes the earnings shortfall to lower realized silver prices and the timing of sales, but reaffirms annual guidance and expects stronger H2 results; Boumadine PEA and further studies are still pending. » More on de.investing.com

Aya Gold & Silver reports progress on the Boumadine feasibility study: 102,111 of the planned 360,000 metres of infill drilling have been completed, with 180,000 metres planned for 2026. The company has prequalified mining contractors and plans a competitive tendering process for mining (completion targeted H1 2027) as well as a shortlist for the processing plant by year-end. Detailed technical planning for water and power infrastructure is underway, metallurgical testing is nearing completion, and the feasibility study is expected to be finished in H2 2027; an updated preliminary economic assessment is planned for H2 2026. Aya shows strong liquidity (current ratio 2.22) and will release Q2 2026 results on August 13, 2026. » More on de.investing.com