Aya Gold & Silver is about to get more attention from investors around the world. The Canadian mining company, which operates major projects in Morocco, will join the VanEck Gold Miners ETF (GDX) on 19 June as part of the fund’s latest quarterly review.
The move is expected to increase trading in the company’s shares and put it in front of a wider group of international investors.
Aya has grown quickly over the past two years thanks to higher silver prices and rising production from its Moroccan operations.
The company reported revenue of $202m in 2025, five times higher than the previous year.
Its main assets in Morocco are the Zgounder silver mine and the Boumadine polymetallic project, both of which play a key role in the company’s future plans.
At Zgounder, a recent expansion helped annual silver production reach 4.82 million ounces in 2025. Aya expects total production to rise further in 2026 to between 6.2 million and 6.8 million silver-equivalent ounces, with Zgounder accounting for most of that output.
The VanEck Gold Miners ETF is one of the largest mining investment funds in the world. It manages more than $26bn in assets and includes some of the biggest gold and silver producers, such as Newmont and Barrick Gold.
Aya said joining the ETF should improve liquidity in its shares on the Toronto Stock Exchange and Nasdaq while increasing its profile among global investors.
The company is also planning to spend $60m on exploration work in Morocco in 2026 as it looks to expand its resource base.
“We are confident that this inclusion will strengthen the liquidity and visibility of our shares, while increasing our recognition among a broader global investor base,” said Aya Gold & Silver Chief Executive Benoit La Salle.
He said the move reflects the progress the company has made over the past 18 months through the expansion of Zgounder and the rapid development of Boumadine.
Aya is currently carrying out a 200,000-metre drilling programme at Boumadine as part of work towards a feasibility study.
Early estimates suggest the project could produce 2.3 million ounces of gold and nearly 70 million ounces of silver over an 11 year lifespan.
Morocco remains central to Aya’s growth plans, with both Zgounder and Boumadine expected to play a major role in the company’s future development.
