Aya Gold & Silver is preparing to ramp up its mining operations in Morocco in 2026 with a planned investment of 36 million US dollars at its flagship Zgounder mine. The Toronto-listed company expects its silver-equivalent production to reach between 6.2 and 6.8 million ounces next year, driven by activity at both the Zgounder and Boumadine projects.
Zgounder, located in Morocco’s Atlas Mountains, is projected to deliver between 5.2 and 5.8 million ounces of silver-equivalent production alone. An additional one million ounces is expected to come from processing pyrite stockpiles at the Boumadine site in Errachidia province, which is currently moving into a more advanced development phase.
The 36 million dollar investment will support both sustaining capital and development projects at Zgounder. Boumadine is also set to benefit from a new resource estimate, scheduled for release in the second half of the year.
In parallel, Aya is launching one of the most ambitious drilling programs in its history. The 2026 campaign is expected to cover 230,000 meters of drilling, aimed at expanding the company’s resource base and increasing long-term flexibility across its Moroccan assets.
On the financial front, the company is preparing for a secondary listing on a U.S. stock exchange in the first half of the year. The move is intended to broaden its investor base and enhance the liquidity of its shares, which are currently traded on the Toronto Stock Exchange.
With a favorable market outlook and a strong cash position, Aya Gold & Silver says it is entering 2026 well-positioned to generate high margins and maintain strong cash flow across its operations.
