Recorded on July 7 2026 live at the Rick Rule Symposium 2026
TSX AYA
NASDAQ AYA
Aya Gold & Silver President, Chief Executive Officer and Director Benoit La Salle joins Steve Yang to discuss the company’s producing Zgounder Silver Mine and its development-stage Boumadine project in Morocco. La Salle explains why he views Boumadine as a potential tier-one asset, citing its scale, grades, exploration footprint and planned combination of open-pit and underground development. He also discusses Aya’s production growth, positive cash flow, construction funding, share structure and the possibility that Boumadine is not yet fully reflected in the company’s valuation. The conversation covers Morocco’s mining and construction advantages, Aya’s mine-building team, its KPI-driven operating culture and its large geological and drilling organization. La Salle also outlines the company’s exploration budget, institutional ownership and the Lassonde Curve as Aya moves from construction and commissioning toward a potential rerating period. #Millettian
Key topics
Aya Gold & Silver and its Morocco-focused portfolio
Zgounder silver production and operating cash flow
Boumadine gold and silver development potential
Potential tier-one asset scale and grade
Open-pit and underground development plans
Morocco mining jurisdiction and construction economics
Funding, share structure and institutional ownership
Mine-building experience and KPI-based management
Exploration drilling and portfolio growth
The Lassonde Curve and valuation rerating thesis
Aya Gold & Silver
Website
https://www.ayagoldsilver.com/
Stock information
https://www.ayagoldsilver.com/investors/stock-information/
Zgounder Silver Mine
https://www.ayagoldsilver.com/portfolio/zgounder/
Boumadine Project
https://www.ayagoldsilver.com/portfolio/boumadine/
Host Steve Yang
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Chapters
00:00 Cold open 01:08 Steve Yang introduces Benoit La Salle 01:26 Aya Gold & Silver overview and tickers 02:08 Rick Rule relationship and company history 03:01 Two projects in Morocco 03:30 Boumadine scale and 2029 production target 04:32 Why Boumadine could be a tier-one asset 05:52 Morocco cost advantage and project economics 06:44 Zgounder and Boumadine 07:20 Comparing the two assets 07:42 Share structure and investor interest 09:05 Boumadine valuation and funding 10:31 Market cap and rerating thesis 11:17 Mine-building team and KPI culture 12:34 Exploration team and drilling budget 13:23 Lassonde Curve and potential rerating 15:16 Portfolio scale and exploration upside 15:55 How to follow Aya Gold & Silver 16:26 Tickers and stock liquidity 17:00 Closing remarks
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