Aya Gold & Silver Files Updated Preliminary Economic Assessment Technical Report for Boumadine Project
Aya Gold & Silver filed the NI 43-101 technical report for its updated 2026 Preliminary Economic Assessment on the Boumadine project in Morocco, formally documenting results first disclosed September 9. The base case shows a $3.5B after-tax NPV(5%) — more than double the prior PEA — with a 93% IRR, 0.7-year payback, and mine life extended from 11 to 14 years. At spot prices the NPV reaches $5.5B with a 128% IRR. Initial capex of $463M is broadly unchanged, lifting the NPV-to-capex ratio to 7.6x from 3.3x, while indicated resources grew 34% to 1.1 Moz AuEq.
Key figures
- Irr base
- 93%
- Irr spot
- 128%
- Mine life years
- 14
- Inferred resource
- 45.4 Mt at 2.92 g/t AuEq (4.3 Moz AuEq, up 1%)
- Initial capex usd
- 463000000
- Indicated resource
- 8.6 Mt at 4.02 g/t AuEq (1.1 Moz AuEq, up 34%)
- Payback years base
- 0.7
- Lom ebitda base usd
- 6145000000
- Aisc lom usd oz azeq
- 1300
- Lom revenue base usd
- 10995000000
- Lom production azeq oz
- 3900000
- Npv after tax base usd
- 3500000000
- Npv after tax spot usd
- 5500000000
- Cash cost lom usd oz azeq
- 1169
- Capital efficiency ratio base
- 7.6
- Avg annual production years1 5 azeq oz
- 348000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.