AYA

Revs up 247% from last year, earnings up 600% from last year….leverage to silver.

  • Revenue of $117M, up 247% year-over-year (“YoY”) and up 56% quarter-over-quarter (“QoQ”), driven by higher average net realized silver equivalent (“AgEq”) prices and more AgEq ounces sold, totaling 1.4M.

  • Average net realized silver equivalent price of $82.22/oz, up 158% YoY and 41% QoQ.

  • Net income of $49M (basic EPS of $0.34 and diluted EPS of $0.33), up 600% YoY from net income of $7M (basic and diluted EPS of $0.05) in Q1-2025 and from $18M (basic EPS of $0.13 and diluted EPS of 0.12) in Q4-2025.

  • Operating cash flow of $70M, up 785% YoY and up 107% QoQ, driven by higher AgEq pricing and lower cash costs.

  • Cash and cash equivalents of $172M supporting the development of the Boumadine Project (“Boumadine”)1.