Aya doubles Boumadine value to $3.5B
The Boumadine project in Morocco shows a 93% IRR and 0.7-year payback at $3,500/oz gold and $50/oz silver.
Aya Gold & Silver has increased the estimated value of its Boumadine project in Morocco to $3.5 billion, more than doubling its previous estimate. The updated preliminary economic assessment (PEA) indicates a 93% internal rate of return and a 0.7-year payback period at current gold and silver prices. The project is expected to generate 2.25 million ounces of gold, 81.2 million ounces of silver, 422,000 tonnes of zinc, and 195,000 tonnes of lead over its 14-year life.
Initial capital requirements have risen to $463 million from $446 million in the 2025 study. Aya aims to fund the project through existing cash flow and external debt, avoiding dilution of shareholder value. The company is targeting a feasibility study in the second half of 2027 and anticipates accelerating development to potentially scale beyond the current study.
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