# EDGAR Filing Document

**Accession Number:** 0001826836
**File Stem:** 0001628280-26-026492
**Filing Date:** 2026-4
**Character Count:** 37122
**Document Hash:** 1dbdff39046303080d1279c55ec5a6ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-026492.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001628280-26-026492

**CONFORMED SUBMISSION TYPE**: 40FR12B/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aya Gold & Silver Inc.
- **CENTRAL INDEX KEY:** 0001826836
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 40FR12B/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-43230
- **FILM NUMBER:** 26883231

**BUSINESS ADDRESS:**
- **STREET 1:** 1320 BOULEVARD GRAHAM
- **STREET 2:** BUREAU 132
- **CITY:** MONT-ROYAL, QUEBEC
- **STATE:** Z4
- **ZIP:** H3P 3C8
- **BUSINESS PHONE:** (514) 951-4411

**MAIL ADDRESS:**
- **STREET 1:** 1320 BOULEVARD GRAHAM
- **STREET 2:** BUREAU 132
- **CITY:** MONT-ROYAL, QUEBEC
- **STATE:** Z4
- **ZIP:** H3P 3C8

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 40-F/A (Amendment No. 2)**

⌧ **Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934**

**or**

□ **Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934**

---

| | |
|:---|:---|
| **For the fiscal year ended**  | **Commission File Number**  |

---

**Aya Gold & Silver Inc.**

**(Exact name of Registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Canada** | **1040** | **&nbsp;&nbsp;&nbsp;&nbsp;N/A&nbsp;&nbsp;&nbsp;&nbsp;**  |
| **(Province or other jurisdiction of<br>incorporation or organization)** | **(Primary Standard Industrial<br>Classification Code Number)** | **(I.R.S. Employer <br>Identification Number)** |

---

**1320 boulevard Graham, suite 132**

**Mont-Royal, Quebec, Canada, H3P 3C8**

**(514) 342-1220)**

**(Address and telephone number of Registrant's principal executive offices)**

**Cogency Global Inc.**

**122 E. 42nd Street, 18th Floor**

**New York, New York 10168**

**(212) 947-7200**

**(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)**

**Copies to:**

**Steven I. Suzzan**

**Norton Rose Fulbright US LLP**

**1301 Avenue of the Americas**

**New York, NY 10019**

**(212) 318-3000**

Securities registered or to be registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which <br>registered** |
| Common Shares, no par value | AYA | The Nasdaq Stock Market LLC |

---

Securities registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

For annual reports, indicate by check mark the information filed with this Form:

☐ Annual information form

☐ Audited annual financial statements

Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report: **N/A**

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes ◻ No ⌧

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).

Yes ◻ No ◻

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company ⌧

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ◻

† The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ◻

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ◻

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ◻

------

**EXPLANATORY NOTE**

Aya Gold & Silver Inc. (the "Registrant") is a Canadian issuer whose common shares are listed or quoted on the Toronto Stock Exchange ("TSX") and the OTCQX Best Market and is eligible to file its registration statement pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on Form 40-F pursuant to the U.S.-Canadian Multijurisdictional Disclosure System. The Registrant is a "foreign private issuer" as defined in Rule 3b-4 under the Exchange Act. Equity securities of the Registrant are accordingly exempt from Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange Act pursuant to Rule 3a12-3.

The Registrant is filing this Amendment No. 2 to the Registration Statement, which was originally filed with the U.S. Securities and Exchange Commission on April 13, 2026 (the "Original Filing"), to file a corrected version of Exhibit 99.10 (AB Form 13-501F1 Participation Fee for Year Ended December 31, 2024), as an incorrect version of such exhibit was inadvertently included with the Original Filing. Other than as expressly set forth herein, this Amendment No. 2 does not, and does not purport to, amend, update, or restate the information in any item of the Registration Statement, as amended, or reflect any events occurring.

------

**SIGNATURES**

Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this Amendment No. 2 to the Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized.

---

| | |
|:---|:---|
| AYA GOLD & SILVER INC. |  |
| By: | /s/ Ugo Landry-Tolszczuk |
|  | Name: Ugo Landry-Tolszczuk |
|  | Title: Chief Financial Officer |

---

Date: April 22, 2026

------

**EXHIBIT INDEX**

The following documents are being filed with the SEC as Exhibits to the Registration Statement on Form 40-F/A (Amendment No. 2):

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1\*\* | <u>[News Release - dated January 7, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit991-newsreleasexdat.htm)</u> |
| 99.2\*\* | <u>[News Release - dated January 21, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit992-newsreleasexdat.htm)</u> |
| 99.3\*\* | <u>[News Release - dated January 23, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit993-newsreleasexdat.htm)</u> |
| 99.4\*\* | <u>[News Release - dated February 4, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit994-newsreleasexdat.htm)</u> |
| 99.5\*\* | <u>[News Release - dated February 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit995-newsreleasexdat.htm)</u> |
| 99.6\*\* | <u>[News Release - dated February 24, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit996-newsreleasexdat.htm)</u> |
| 99.7\*\* | <u>[News Release - dated March 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit997-newsreleasexdat.htm)</u> |
| 99.8\*\* | <u>[News Release - dated March 26, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit998-newsreleasexdat.htm)</u> |
| 99.9\*\* | <u>[News Release - dated March 28, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit999-newsreleasexdat.htm)</u> |
| 99.10\* | <u>[AB Form 13-501F1 Participation Fee for Year Ended December 31, 2024](exhibit9910-40fr12ba2.htm)</u> |
| 99.11\*\* | <u>[ON Form 13-502F1 Participation Fee for Year Ended December 31, 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9911-onform13x502f1.htm)</u> |
| 99.12\*\* | <u>[52-109F1 - Certification of Annual Filings (CEO) - dated Mar 27, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9912-52x109f1xcerti.htm)</u> |
| 99.13\*\* | <u>[52-109F1 - Certification of Annual Filings (CFO) - dated Mar 27, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9913-52x109f1xcerti.htm)</u> |
| 99.14\*\* | <u>[Audited Consolidated Financial Statements for the Years Ended December 31, 2024 and 2023](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9914-auditedannualf.htm)</u> |
| 99.15\*\* | <u>[Management's Discussion and Analysis for the Year Ended December 31, 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9915-annualmdaxdate.htm)</u> |
| 99.16\*\* | <u>[52-109F1 - Certification of Annual Filings (CEO) - dated March 28, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9916-52x109f1xcerti.htm)</u> |
| 99.17\*\* | <u>[52-109F1 - Certification of Annual Filings (CFO) - dated March 28, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9917-52x109f1xcerti.htm)</u> |
| 99.18\*\* | <u>[Annual Information Form for the Year Ended December 31, 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9918-annualinformat.htm)</u> |
| 99.19\*\* | <u>[52-109F1 - Certification of Annual Filings (CEO) - dated March 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9919-52x109f1xcerti.htm)</u> |
| 99.20\*\* | <u>[52-109F1 - Certification of Annual Filings (CFO) - dated March 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9920-52x109f1xcerti.htm)</u> |
| 99.21\*\* | <u>[News Release - dated March 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9921-newsreleasexda.htm)</u> |
| 99.22\*\* | <u>[NI 43-101 Technical report - Updated Mineral Resource Estimate of the Boumadine Polymetallic Project, Kingdom of Morocco - dated March 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9922-technicalrepor.htm)</u> |
| 99.23\*\* | <u>[News Release - dated April 8, 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9923-newsreleasexda.htm)</u> |
| 99.24\*\* | <u>[News Release - dated April 8, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9924-newsreleasexda.htm)</u> |
| 99.25\*\* | <u>[Notice of the Meeting and Record Date - dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9925-noticeofthemee.htm)</u> |
| 99.26\*\* | <u>[News Release - dated April 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9926-newsreleasexda.htm)</u> |
| 99.27\*\* | <u>[News Release - dated April 14, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9927-newsreleasexda.htm)</u> |
| 99.28\*\* | <u>[News Release - dated April 16, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9928-newsreleasexda.htm)</u> |
| 99.29\*\* | <u>[News Release - dated May 2, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9929-newsreleasexda.htm)</u> |
| 99.30\*\* | <u>[News Release - dated May 9, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9930-newsreleasexda.htm)</u> |
| 99.31\*\* | <u>[News Release - dated May 12, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9931-newsreleasexda.htm)</u> |
| 99.32\*\* | <u>[Management's Discussion and Analysis for the Quarter Ended March 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9932-interimmdaxdat.htm)</u> |
| 99.33\*\* | <u>[Unaudited Condensed Interim Consolidated Financial Statements for the Three-Month Period ended March 31, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9933-interimfinanci.htm)</u> |
| 99.34\*\* | <u>[52-109F2 - Certification of Interim Filings (CEO) - dated May 13, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9934-52x109f2xcerti.htm)</u> |
| 99.35\*\* | <u>[52-109F2 - Certification of Interim Filings (CFO) - dated May 13, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9935-52x109f2xcerti.htm)</u> |
| 99.36\*\* | <u>[News Release - date May 13, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9936-newsreleasexda.htm)</u> |
| 99.37\*\* | <u>[News Release - dated May 15, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9937-newsreleasexda.htm)</u> |

---

------

---

| | |
|:---|:---|
| 99.38\*\* | <u>[News Release - dated May 21, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9938-newsreleasexda.htm)</u> |
| 99.39\*\* | <u>[Annual Statement of Payments - Extractive Sector Transparency Measures Act for the Year Ended 2024 Annual Report](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9939-annualstatemen.htm)</u> |
| 99.40\*\* | <u>[News Release - dated June 5, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9940-newsreleasexda.htm)</u> |
| 99.41\*\* | <u>[News Release - dated June 10, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9941-newsreleasexda.htm)</u> |
| 99.42\*\* | <u>[Final Short Form Base Shelf Prospectus - dated June 10, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9942-finalshortform.htm)</u> |
| 99.43\*\* | <u>[Decision Document (Final) from AMF - dated June 10, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9943-decisiondocume.htm)</u> |
| 99.44\*\* | <u>[News Release - dated June 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9944-newsreleasexda.htm)</u> |
| 99.45\*\* | <u>[News Release - dated June 12, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9945-newsreleasexda.htm)</u> |
| 99.46\*\* | <u>[Prospectus Supplement - dated June 12, 2025 to the Short Form Base Shelf Prospectus dated June 10, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9946-prospectusnonp.htm)</u> |
| 99.47\*\* | <u>[Underwriting Agreements - dated June 12, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9947-underwritingor.htm)</u> |
| 99.48\*\* | <u>[Preliminary Short Form Prospectus - WKSI Prospectus Exemption Letter to Securities Commissions](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9948-preliminarysho.htm)</u> |
| 99.49\*\* | <u>[Short Form Base Shelf Prospectus Offering Term Sheet](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9949-shortformbases.htm)</u> |
| 99.50\*\* | <u>[Short Form Base Shelf Prospectus Offering Upsize Term Sheet](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9950-shortformbases.htm)</u> |
| 99.51\*\* | <u>[News Release – dated June 18, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9951-newsreleasedat.htm)</u> |
| 99.52\*\* | <u>[News Release - dated June 20, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9952-newsreleasexda.htm)</u> |
| 99.53\*\* | <u>[Form of Proxy with respect to the Annual General Meeting of Shareholders on June 20, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9953-formofproxyxfo.htm)</u> |
| 99.54\*\* | <u>[Management Information Circular with respect to the Annual General Meeting of Shareholders on June 20, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9954-managementinfo.htm)</u> |
| 99.55\*\* | <u>[Voting Instruction Form with respect to the Annual General Meeting of Shareholders on June 20, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9955-otherxvotingin.htm)</u> |
| 99.56\*\* | <u>[Results of Voting Results for the Annual General Meeting of Shareholders on June 20, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9956-reportofvoting.htm)</u> |
| 99.57\*\* | <u>[News Release - dated June 23, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9957-newsreleasexda.htm)</u> |
| 99.58\*\* | <u>[News Release - dated June 25, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9958-newsreleasexda.htm)</u> |
| 99.59\*\* | <u>[News Release - dated June 26, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9959-newsreleasexda.htm)</u> |
| 99.60\*\* | <u>[News Release – dated July 7, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9960-newsreleasedat.htm)</u> |
| 99.61\*\* | <u>[Alternative Monthly Report - dated July 9, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9961-alternativemon.htm)</u> |
| 99.62\*\* | <u>[News Release - dated July 24, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9962-newsreleasexda.htm)</u> |
| 99.63\*\* | <u>[Annual Statement of Payments (Amended) - Extractive Sector Transparency Measures Act - Year Ended 2024 Annual Report](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9963-annualstatemen.htm)</u> |
| 99.64\*\* | <u>[News Release - dated August 7, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9964-newsreleasexda.htm)</u> |
| 99.65\*\* | <u>[Alternative Monthly Report - dated August 8, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9965-alternativemon.htm)</u> |
| 99.66\*\* | <u>[Management's Discussion and Analysis for the Three and Six-Month Periods Ended June 30, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9966-interimmdaxdat.htm)</u> |
| 99.67\*\* | <u>[Unaudited Condensed Interim Consolidated Financial Statements for the Three- and Six-Month Periods ended June 30, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9967-interimfinanci.htm)</u> |
| 99.68\*\* | <u>[News Release - dated August 14, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9968-newsreleasexda.htm)</u> |
| 99.69\*\* | <u>[52-109F2 - Certification of Interim Filings (CEO) - dated August 14, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9969-52x109f2xcerti.htm)</u> |
| 99.70\*\* | <u>[52-109F2 - Certification of Interim Filings (CFO) - dated August 14, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9970-52x109f2xcerti.htm)</u> |
| 99.71\*\* | <u>[News Release - dated September 9, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9971-newsreleasexda.htm)</u> |
| 99.72\*\* | <u>[News Release - dated September 15, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9972-newsreleasexda.htm)</u> |
| 99.73\*\* | <u>[News Release - dated September 25, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9973-newsreleasexda.htm)</u> |
| 99.74\*\* | <u>[News Release - dated October 15, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9974-newsreleasexda.htm)</u> |
| 99.75\*\* | <u>[News Release - dated October 29, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9975-newsreleasexda.htm)</u> |
| 99.76\*\* | <u>[News Release - dated November 4, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9976-newsreleasexda.htm)</u> |
| 99.77\*\* | <u>[Unaudited Condensed Interim Financial Statements for the Three- and Nine-Month Periods ended September 30, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9977-interimfinanci.htm)</u> |

---

------

---

| | |
|:---|:---|
| 99.78\*\* | <u>[Management's Discussion and Analysis for the Three- and Nine-Month Periods Ended September 30, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9978-interimmdaxdat.htm)</u> |
| 99.79\*\* | <u>[52-109F2 - Certification of Interim Filings (CEO) - dated November 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9979-52x109f2xcerti.htm)</u> |
| 99.80\*\* | <u>[52-109F2 - Certification of Interim Filings (CFO) - dated November 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9980-52x109f2xcerti.htm)</u> |
| 99.81\*\* | <u>[News Release - dated November 11, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9981-newsreleasexda.htm)</u> |
| 99.82\*\* | <u>[News Release - date November 19, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9982-newsreleasexda.htm)</u> |
| 99.83\*\* | <u>[News Release - dated November 26, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9983-newsreleasexda.htm)</u> |
| 99.84\*\* | <u>[News Release - dated December 9, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9984-newsreleasexda.htm)</u> |
| 99.85\*\* | <u>[News Release - dated December 16, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9985-newsreleasexda.htm)</u> |
| 99.86\*\* | <u>[NI 43-101 Technical Report - Updated Mineral Resources and Mineral Reserves Estimate of the Zgounder Silver Mine Operation, Kingdom of Morocco - dated December 16, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit9986-technicalrepor.htm)</u> |
| 99.87\*\* | <u>[News Release - dated December 18, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9987-newsreleasexda.htm)</u> |
| 99.88\*\* | <u>[NI 43-101 Technical Report - Preliminary Economic Assessment for Boumadine Polymetallic Project, Kingdom of Morocco - dated December 18, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit9988-technicalrepor.htm)</u> |
| 99.89\*\* | <u>[Certificate of Amalgamation - dated January 1, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9989-otherxcertific.htm)</u> |
| 99.90\*\* | <u>[News Release - dated January 13, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9990-newsreleasexda.htm)</u> |
| 99.91\*\* | <u>[News Release - dated January 14, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9991-newsreleasexda.htm)</u> |
| 99.92\*\* | <u>[News Release - dated January 20, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9992-newsreleasexda.htm)</u> |
| 99.93\*\* | <u>[News Release - dated January 21, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9993-newsreleasexda.htm)</u> |
| 99.94\*\* | <u>[News Release - dated January 27, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9994-newsreleasexda.htm)</u> |
| 99.95\*\* | <u>[News Release - dated February 18, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9995-newsreleasexda.htm)</u> |
| 99.96\*\* | <u>[News Release - dated February 24, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9996-newsreleasexda.htm)</u> |
| 99.97\*\* | <u>[News Release - dated March 12, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9997-newsreleasexda.htm)</u> |
| 99.98\*\* | <u>[Notice of Meeting and Record Date - dated March 26, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9998-noticeofmeetin.htm)</u> |
| 99.99\*\* | <u>[News Release - dated March 31, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit9999-q42025earnings.htm)</u> |
| 99.100\*\* | <u>[52-109F1 - Certification of Annual Filings (CEO) - dated March 31, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit99100-ayaceoform52x.htm)</u> |
| 99.101\*\* | <u>[52-109F1 - Certification of Annual Filings (CFO) - dated March 31, 2026](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit99101-ayacfoform52x.htm)</u> |
| 99.102\*\* | <u>[Annual information Form for the Year Ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99102-agsxaifx2025.htm)</u> |
| 99.103\*\* | <u>[Management's Discussion and Analysis for the Year and Quarter Ended December 31, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit99103-annualmdaxdat.htm)</u> |
| 99.104\*\* | <u>[Audited Consolidated Financial Statements for the Years Ended December 31, 2025 and 2024](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit99104-auditedannual.htm)</u> |
| 99.105\*\* | <u>[AB Form 13-501F1 - Participation Fee for the Year Ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99105-abform13x501f1.htm)</u> |
| 99.106\*\* | <u>[ON Form 13-502F1 - Participation Fee for the Year Ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99106-onform13x502f1.htm)</u> |
| 99.107\*\* | <u>[Consent of William Stone](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99107-consentofstone.htm)</u> |
| 99.108\*\* | <u>[Consent of Antoine Yassa](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99108-consentofyassa.htm)</u> |
| 99.109\*\* | <u>[Consent of Jarita Barry](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99109-consentofbarry.htm)</u> |
| 99.110\*\* | <u>[Consent of Fred Brown](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99110-consentofbrown.htm)</u> |
| 99.111\*\* | <u>[Consent of Eugene Puritch](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99111-consentofpuri.htm)</u> |
| 99.112\*\* | <u>[Consent of David Lalonde](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99112-consentoflalo.htm)</u> |
| 99.113\*\* | <u>[Consent of Patrick Pérez](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99113-consentofprez.htm)</u> |
| 99.114\*\* | <u>[Consent of KPMG LLP](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024772/exhibit99114-40xf.htm)</u> |
| 99.115\*\* | <u>[Consent of Oliver Bertoli](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99115-consentofbert.htm)</u> |
| 99.116\*\* | <u>[Consent of Abraham Whaanga](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99116-consentofwhaa.htm)</u> |
| 99.117\*\* | <u>[Consent of Honza Catchpole](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99117-consentofcatc.htm)</u> |
| 99.118\*\* | <u>[Consent of Raphael Beaudoin](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99118-consentofbeau.htm)</u> |
| 99.119\*\* | <u>[Consent of Sebastian Humphrey](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99119-consentofhump.htm)</u> |
| 99.120\*\* | <u>[Consent of David Vilder](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99120-consentofvild.htm)</u> |

---

------

---

| | |
|:---|:---|
| 99.121\*\* | <u>[Consent of Preetham Nayak](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99121-consentofnayak.htm)</u> |
| 99.122\*\* | <u>[Consent of Ruan Venter](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99122-consentofvent.htm)</u> |
| 99.123\*\* | <u>[Consent of Zuned Shaikh](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99123-consentofshai.htm)</u> |
| 99.124\*\* | <u>[Consent of Benjamin Berson](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99124-consentofqual.htm)</u> |
| 99.125\*\* | <u>[Consent of Alex Pheiffer](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99125-consentofphei.htm)</u> |
| 99.126\*\* | <u>[Consent of George Papageorgiou](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99126-consentofpapa.htm)</u> |
| 99.127\*\* | <u>[Consent of Cortney Palleske](https://www.sec.gov/Archives/edgar/data/1826836/000162828026024934/exhibit99127-consentofpall.htm)</u> |

---

_______________________

\*Filed herewith

\*\*Previously Filed

## Exhibit 99.10

**Exhibit 99.10**

***Note: [01 Mar 2017]*** *– The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.*

**FORM 13-501F1**

***CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE***

**MANAGEMENT CERTIFICATION**

---

| | |
|:---|:---|
| I, <u>ELIAS, Elias</u>, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the **Form**) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. | I, <u>ELIAS, Elias</u>, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the **Form**) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. |
| (s)<u>ELIAS,</u> <u>Elias</u> | <u>25 Feb</u> <u>2025</u> |
| Name: ELIAS, Elias | Date: |
| Title: Corporate Secretary |  |

---

---

| | |
|:---|:---|
| **Reporting Issuer Name:** | &nbsp;&nbsp;AYA GOLD AND SILVER INC. / AYA OR AND ARGENT INC. (000026913) |
| **End date of previous financial year:** | &nbsp;&nbsp;31 Dec 2024 |
| **Type of Reporting Issuer:** | &nbsp;&nbsp;**[X] Class 1 reporting issuer [_] Class 3B reporting issuer** |
| **Highest Trading Marketplace:** | &nbsp;&nbsp;Toronto Stock Exchange (TSX) |

---

**<u>Market value of listed or quoted equity</u> <u>securities:</u>**

---

| | |
|:---|:---|
| **Equity Symbol** | AYA |
| **1st Specified Trading Period** (dd/mm/yy) | 01/01/24 to 31/03/24 |

---

------

---

| | |
|:---|:---|
| Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace | $11.6600<br>(i) |
| Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period | 130046603.00<br>(ii) |
| Market value of class or series&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) x (ii) | $1516343390.98<br>(A) |

---

---

| | |
|:---|:---|
| **2nd Specified Trading Period** (dd/mm/yy) | 01/04/24 to 30/06/24 |
| Closing price of the security in the class or series on the last trading<br>day of the specified trading period in which such security was listed or<br>quoted on the highest trading marketplace | $13.5800<br>(iii) |
| Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period | 130433471.00<br>(iv) |
| Market value of class or series&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii) x (iv) | $1771286536.18<br>(B) |
| **3rd Specified Trading Period** (dd/mm/yy) | 01/07/24 to 30/09/24 |
| Closing price of the security in the class or series on the last trading<br>day of the specified trading period in which such security was listed or<br>quoted on the highest trading marketplace | $17.6000<br>(v) |
| Number of securities in the class or series of such security outstanding<br>at the end of the last trading day of the specified trading period | 130586321.00<br>(vi) |
| Market value of class or series&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) x (vi) | $2298319249.60<br>(C) |
| **4th Specified Trading Period** (dd/mm/yy) | 01/10/24 to 31/12/24 |
| Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace | $10.7400<br>(vii) |

---

------

---

| | |
|:---|:---|
| Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period | 130770053.00<br>(viii) |
| Market value of class or series&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) x (viii) | $1404470369.22<br>(D) |
| **5th Specified Trading Period** (dd/mm/yy) | N/A |
| Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace | $ N/A (ix) |
| Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period | N/A (x) |
| Market value of class or series&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) x (x) | $ N/A<br>(E) |
| **Average Market Value of Class or Series** (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) | $1747604886.50<br>(1) |
| **Average Market Value of Class or Series** (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) | $1747604886.50<br>(1) |

---

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

---

| | |
|:---|:---|
| **Fair value of outstanding debt securities:** | |
| (Provide details of how value was determined) | $0.00<br>(2) |
| **Capitalization for the previous financial year (1) + (2)** | $1747604886.50 |
| **Participation Fee** | $28000.00 |
| **Late Fee,** if applicable | $ N/A |
| **Total Fee Payable**<br>(Participation Fee plus Late Fee) | $28000.00 |

---

<br>