Aya Gold & Silver (TSX: AYA) is reporting this morning that the third quarter saw record quarterly production, with silver production of 1.35 million ounces. The figure represents a 29% improvement over the second quarter.
That new record follows an average of 3,326 tonnes per day of ore processing, which is 23% above nameplate capacity. Average grades meanwhile came in at 146 g/t silver, a slight improvement over Q2’s 140 g/t silver, while recoveries improved from 86.5% to 92.5%.
Current guidance calls for 2025 production of 5.0 to 5.3 million ounces of silver. Year to date production currently totals 3.46 million ounces.
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“Our quarter-over-quarter gains highlight the strength of our team and the benefits of disciplined execution. Building on this quarter’s strong performance we continue to optimize operations, laying the foundation for a solid finish to the year and sustained momentum into 2026,” commented Benoit La Salle, CEO of Aya.
On the mining side of the operation, underground operations are currently supporting an average mining rate of 1,276 tpd at average grades of 158 g/t silver. Open pit operations meanwhile did not have daily production rates released, although additional equipment that is expected to arrive in the first quarter of 2026 is expected to push open pit ore production beyond 2,000 tpd.
As it stands, the mill is currently running above 3,700 tpd, processing both mined ore as well as stockpiled ore. 150,000 tonnes of ore is said to currently be stockpiled, which will support current processing rates through the fourth quarter.
Full financial results are slated to be released on November 11 before the opening of markets.
Aya Gold last traded at $16.34 on the TSX.
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