Aya Gold & Silver Up 1.7% In US Premarket As Reports High-Grade Exploration Drill Results Near Pit Depth at Zgounder

Aya Gold & Silver (AYA.TO; NASDAQ: AYA) was at last look up 1.7% in US premarket trade after announcing high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

Among highlights, Aya said 9,250 metres or 30.8% of the 2026 exploration program has been drilled year to date.

"Today's high-grade results continue to confirm the strong continuity of silver mineralization both around the open pit and within the central zone," said Benoit La Salle, President & CEO. "Importantly, new intersections near the Western Fault continue to support the significant exploration potential to the west, where development of the exploration drift at the 1825-metre level is advancing ahead of planned drilling west of the fault in the second half of the year. In parallel, drilling along the granite contact continues to demonstrate encouraging high-grade continuity at depth."

Shares in AYA were down $0.37 or 1.3% to $28.65 in Canada yesterday.

Market Chatter: China Eases Run-Rate Mandate for Teapot Refiners

China has relaxed strict fuel production targets for independent refiners, allowing output drop to 80% of 2025 levels, Reuters reported on Tuesday.This policy rolls back an emergency mandate enacted early in the conflict that forced refiners to maintain outputs matching their two-year historical averages to safeguard national fuel supplies, as per the report.Independent refiners in the eastern refining hub of Shandong, commonly known as teapot refiners, have been notified that they may scale back crude processing, according to Reuters, citing the notes from consultancy Horizon Insights and trade sources.Trapped between government-capped domestic fuel prices and soaring imported crude costs caused by the Middle East conflict, Shandong's teapots saw profit margins collapse.As per the report, energy consultancy OilChem reported that independent refiners are losing an average of 752 yuan ($111.21) for every ton of imported crude processed, a steep increase from the 202 yuan per ton losses recorded in April.As a result, many independent operators had proactively petitioned Beijing in May to lower processing rates or temporarily suspend specific refining units to stave off mounting losses.Despite the newly granted flexibility, the report noted that maintaining an 80% production floor remains a heavy operational burden for a sector that would prefer to completely halt operations until margins turn positive.Independent refiners in Shandong accounted for roughly 16% of China's gasoline output and 25% of its diesel output in May.None of the parties involved responded immediately to' request for comments, while the National Development and Reform Commission could not be reached out for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan PM Calls for Resumption of Hormuz Traffic in Phone Call With Iranian President

Prime Minister of Japan Sanae Takaichi spoke with Iranian President Masoud Pezeshkian on Monday, calling for the smooth passage of maritime traffic through the Strait of Hormuz, according to a statement from her office.Takaichi restated Japan's position that conflict de-escalation through dialogue should be the sides' main priority and said she hoped Iran would take this opportunity.The prime minister urged Iran to allow free and safe passage through the closed Strait of Hormuz as soon as possible, for Japan and other countries around Asia, who are bearing the brunt of the waterway's closure, given their reliance on Middle Eastern crude imports.Iran's president updated Takaichi on the status of exchanges between his country and the US and offered an outlook of what lies ahead, the statement said, without offering further detail.The statement ended noting that the two leaders agreed on staying in close contact to foster an imminent resolution to the conflict.

Aya Gold & Silver Up 1.7% In US Premarket As Reports High-Grade Exploration Drill Results Near Pit Depth at Zgounder

Related Articles

Market Chatter: China Eases Run-Rate Mandate for Teapot Refiners

Newcore Gold Increasing Drill Program to 80,000 Metres at the Enchi Gold Project, Ghana

Japan PM Calls for Resumption of Hormuz Traffic in Phone Call With Iranian President

Related Articles

Oil & Energy6h ago
Market Chatter: China Eases Run-Rate Mandate for Teapot Refiners
China has relaxed strict fuel production targets for independent refiners, allowing output drop to 80% of 2025 levels, Reuters reported on Tuesday.This policy rolls back an emergency mandate enacted early in the conflict that forced refiners to maintain outputs matching their two-year historical averages to safeguard national fuel supplies, as per the report.Independent refiners in the eastern refining hub of Shandong, commonly known as teapot refiners, have been notified that they may scale back crude processing, according to Reuters, citing the notes from consultancy Horizon Insights and trade sources.Trapped between government-capped domestic fuel prices and soaring imported crude costs caused by the Middle East conflict, Shandong's teapots saw profit margins collapse.As per the report, energy consultancy OilChem reported that independent refiners are losing an average of 752 yuan ($111.21) for every ton of imported crude processed, a steep increase from the 202 yuan per ton losses recorded in April.As a result, many independent operators had proactively petitioned Beijing in May to lower processing rates or temporarily suspend specific refining units to stave off mounting losses.Despite the newly granted flexibility, the report noted that maintaining an 80% production floor remains a heavy operational burden for a sector that would prefer to completely halt operations until margins turn positive.Independent refiners in Shandong accounted for roughly 16% of China's gasoline output and 25% of its diesel output in May.None of the parties involved responded immediately to' request for comments, while the National Development and Reform Commission could not be reached out for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Oil & Energy7h ago
Newcore Gold Increasing Drill Program to 80,000 Metres at the Enchi Gold Project, Ghana
$NCAU.V

Oil & Energy8h ago
Japan PM Calls for Resumption of Hormuz Traffic in Phone Call With Iranian President
Prime Minister of Japan Sanae Takaichi spoke with Iranian President Masoud Pezeshkian on Monday, calling for the smooth passage of maritime traffic through the Strait of Hormuz, according to a statement from her office.Takaichi restated Japan's position that conflict de-escalation through dialogue should be the sides' main priority and said she hoped Iran would take this opportunity.The prime minister urged Iran to allow free and safe passage through the closed Strait of Hormuz as soon as possible, for Japan and other countries around Asia, who are bearing the brunt of the waterway's closure, given their reliance on Middle Eastern crude imports.Iran's president updated Takaichi on the status of exchanges between his country and the US and offered an outlook of what lies ahead, the statement said, without offering further detail.The statement ended noting that the two leaders agreed on staying in close contact to foster an imminent resolution to the conflict.