Aya Gold & Silver Shines Brightly in Q4 Report as Mining Company Watches Prices Rise

By Thomas Price Friday, March 26, 2021

With the stock market itself experiencing a volatile but overall positive year after the rise of the COVID-19 pandemic, commodities such as gold and silver followed a similar pattern. The rise in value for gold and silver benefits business for the wholesalers of the precious metals, companies in the refining and jewelry business, and in the case of Aya Gold & Silver, the mining and processing companies. The mining company recently released its Q4 earnings report, and the results are near the gold standard.

A rolled-up newspaper with the headline 'Quarterly Results.'

Aya Gold & Silver’s Q4 Earnings Report

In the final quarter of the 2020 fiscal year, the mining and processing company generated $9.508 million in revenue. While still modest when looking at larger companies in the mining business, the quarterly revenue represents a 379% increase in comparison to the same quarter in 2019. The revenue figure is part of a massive explosion in growth from the company in the latter half of the year, with Q4 representing the majority of revenue in 2020.

A large reason for the major rise in the final quarter of the fiscal year for Aya Gold & Silver can be attributed to the significant increase in overall business operations for the company. In fact, in Q4, the mining company increased its overall production of silver to 407,986 ounces. In comparison to the same quarter a year prior, this translates to a jump of 180%.

On the year, Aya Gold & Silver achieved several lofty goals in business operations. One of the largest was reaching 19,000 meters in its drill exploration program after only setting an annual target of 15,000 meters. At the same time, both silver production and annual revenues jumped significantly from the year before, with annual revenues up over 127%. This sort of growth from the mining company has led to optimism both from investors and analysts.

Aya Gold & Silver Looking Forward and Silver Price Explosion

In Q1 of the 2021 fiscal year, Aya Gold & Silver projects a 1.2 million ounce production at a cost of $11.28 per ounce. This would represent a best — both in total production and cost per ounce for the company. Business is expected to expand in other ways as well with the acquisition of Algold Resources’s Tijirit property also looking to close this quarter as well.

One of the major upward-looking trends for Aya Gold & Silver that the company has less overall control over is the rising price of silver. After reaching a five-year low in March of last year of $12.38 per ounce, the commodity has reached new heights in the months following. Silver is now worth over $25 per ounce, leading to an expected jump in revenues for all companies that work within the production and sale of the commodity.

In a statement released alongside the Q4 earnings report, president and CEO of the business, Benoit La Salle, said, “Congratulations to the entire Aya team for their hard work and continued dedication in 2020. All areas including operations, exploration and development saw meaningful improvements and even all-time bests, especially in the fourth quarter, setting the stage for a successful 2021.”

About the Author

Headshot of Thomas Price

Tom Price is a writer focusing on entertainment and sports features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.

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