Aya Gold & Silver (TSX: AYA) has released an updated Preliminary Economic Assessment (PEA) for its Boumadine Project in Morocco, outlining a US$3.5 billion after-tax NPV at a 5% discount rate, a 93% IRR and a 14-year mine life. We welcome back Benoit La Salle, President & CEO of Aya Gold & Silver, to discuss the updated study, the performance of the producing Zgounder silver mine and the company's plans to advance Boumadine toward construction. Benoit explains what changed in the updated PEA, including an additional 180,000 metres of drilling, a revised resource model, a longer mine life and improved concentrate payability. The study outlines approximately US$463 million in initial capital expenditures, with management targeting groundbreaking in Q4 2026. Looking ahead, Aya is targeting a Boumadine feasibility study by the end of 2027 and working toward commissioning in 2029. Benoit outlines the upcoming catalysts, including additional drill results, Zgounder's Q3 production update, financial results and early development activity at Boumadine.