The sticky issue for $AYA.TO is grade. FY25 processed grade was just 145 g/t Ag (vs 170-200 guidance), w/ Q4 @ 134g/t, -8%. This dilution pushed FY cash costs to $20.25/oz (guided $15-17.50). 2026 guide is $21.50/oz—showing costs remaining stubbornly high vs the $16.26/oz LOM in

The sticky issue for $AYA.TO is grade. FY25 processed grade was just 145 g/t Ag (vs 170-200 guidance), w/ Q4 @ 134g/t, -8%. This dilution pushed FY cash costs to $20.25/oz (guided $15-17.50). 2026 guide is $21.50/oz—showing costs remaining stubbornly high vs the $16.26/oz LOM in

— MasterMetals (@MasterMetals) Mar 31, 2026

from MasterMetals
https://twitter.com/MasterMetals/status/2038978355974832330
March 31, 2026 at 03:54PM