• Aya Gold & Silver begins trading on Nasdaq May 4
• Dual listing aims to expand investor base, support Morocco projects
• Zgounder output hits record 4.82 million ounces, growth targeted

Aya Gold & Silver began trading on Nasdaq on May 4. The Canadian miner, already listed on the Toronto Stock Exchange, said the dual listing would broaden its investor base as it advances gold and silver projects in Morocco.

“Access to U.S. financial markets through Nasdaq marks a milestone for Aya as it closes a record year and continues its growth strategy, backed by its precious metals portfolio,” President Benoit La Salle said. “The listing should raise the profile of its shares and expand its shareholder base as it executes its development plans.”

Aya operates the Zgounder silver mine in Morocco, where output has risen sharply, reaching a record 4.82 million ounces last year. The company targets average annual production of 6 million ounces through 2036 and is continuing exploration to expand the asset’s potential.

The Boumadine project is becoming the group’s main growth project in Morocco. A preliminary economic assessment published in November 2025 estimated it could produce 2.3 million ounces of gold and 69.8 million ounces of silver over 11 years, with zinc and lead as byproducts. Those projections are being refined in an updated study as exploration continues.

Aya has earmarked about $60 million for exploration across both assets in 2026. It remains unclear how far the Nasdaq listing will support those plans. Nasdaq is the world’s second-largest stock exchange after the New York Stock Exchange.

Aurel Sèdjro Houenou