Aya Gold & Silver Portfolio

Canadian-domiciled silver-gold producer (TSX:AYA / OTCQX:AYASF) with all material operations in Morocco. Portfolio = (i) Zgounder Silver Mine - 100%-owned operating silver mine (Taroudant province, Anti-Atlas); (ii) Boumadine Project - 85% via BGM with ONHYM 15%, polymetallic Au-Ag-Zn-Pb-Cu PEA-stage development asset in Errachidia province; (iii) Imiter-bis - exploration property in Morocco along the South-Atlas Fault. Also 75% interest in the Tijirit gold project (Mauritania) optioned to Mx2 Mining (Aya holds ~42% of Mx2). 2025 corporate silver production 4,829,151 oz from Zgounder plus 172,129 oz AgEq from Boumadine pyrite stockpile reclaim = 5,001,280 oz AgEq total. Total 2025 sales $202.1M vs $39.1M in 2024. 2026 capital budget $96M ($36M sustaining/growth + $60M exploration & development). Reorganized end-2025 transferring Moroccan subs (BGM, ZMSM) to UAE-based holding entities; ONHYM diluted at BGM with re-subscription right to 15% until Dec 31, 2026.