Aya Gold & Silver Reports Revenues Of $8.5 Million For Q1

Aya Gold & Silver Inc. (TSX: AYA) shared today its operational and financial results for Q1 2021, recording silver production of 389,132 ounces. This is an increase from Q1 2020’s silver production of 67,005 ounces.

Aya Gold & Silver posted quarterly revenue of $8.5 million, up from last year’s $0.5 million. Gross profit also improved to $4.6 million compared to last year’s negative gross margin of $41,884. This led to the company recording net earnings of $0.8 million for the quarter, a climb from Q1 2020’s net loss of $0.4 million, which translates to $0.009 earnings per share.

The company sold 352,019 silver ounces this quarter, compared to last year’s 21,110 ounces. Production wise, the average silver grade for Q1 2021 is at 296 g/t, an increase from last year’s 223 g/t.

The company ended the quarter with $31.8 million of cash, cash equivalents, and restricted cash, up from $14.8 million for the comparable period last year.

Aya Gold & Silver Inc. last traded at $7.08 on the TSX.

Information for this briefing was found via Sedar and Aya Gold & Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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