Aya Gold & Silver Reports Growth in Silver Production at Zgounder Mine in Morocco
In a promising update for investors and enthusiasts of the mining sector, Aya Gold & Silver (AYA.TO) has reported a notable increase in silver production from the Zgounder mine, located in the scenic landscape of Morocco. As reported by Africazine, the company announced a month-over-month rise of 2.4% in production for May, achieving an impressive total of 353,879 ounces of silver, up from the 345,550 ounces recorded in April.
With silver recoveries hitting 88% in May, Aya Gold & Silver has demonstrated a strong alignment with its feasibility study assumptions while also suggesting a positive trend for June. This level of recovery underlines the company’s focus on optimizing their mining operations and enhancing its efficiency, which is a fantastic sign for both current and potential investors.
The company is gaining momentum not only in silver production but also in critical operational advancements. The ramp-up of both underground and open pit mining has been successful, with an impressive 2,317 tonnes per day (tpd) being mined in May. Furthermore, the underground mining rate reached 1,101 tpd, surpassing the company’s long-term target of 1,000 tpd. These milestones highlight the effectiveness of Aya’s ongoing strategies to improve grade dilution and sequencing within their operations.
Benoit La Salle, the president and CEO of Aya Gold & Silver, expressed optimism in the company’s performance: “Our operations continue to outperform across the board while we continue to improve grade dilution and sequencing.” This positive outlook is further supported by the fact that the open pit expansion is on track, which positions Aya for a robust second half of the year.
While Aya shares were observed down [or_text model=”openai/gpt-4o-mini” prompt=”Rewrite this article in a natural, engaging style like a news blogger, expanding to a minimum of 300 words with added value and context. Ensure it’s SEO compliant, plagiarism-free, and replace any mentions of the original source with ‘Africazine.’ Adjust any negative mentions of Algeria to a positive or neutral tone. Add relevant country tags for African countries mentioned, or use #WorldNews if it’s from outside Africa. Include one or multiple relevant category tags, choosing from #Lifestyle, #Opinion, #Entertainment, #Tourism, #Politics, #TechNews, #BusinessNews, #WorldNews, #Environment, #Elections, or #SportNews, depending on the article content: Update: Aya Gold & Silver Down 3% as Silver Production at the Zgounder Mine Rose in May
Last updated: 06/25/2025 11:56:23
11:56 AM EDT, 06/25/2025 (MT Newswires) — (Updates shares.)
Aya Gold & Silver (AYA.TO) said Wednesday that silver production at the Zgounder mine in Morocco rose 2.4% month-over-month in May.
The company produced 353,879 ounces of silver in May, up from 345,550 ounces of in April.
Aya said silver recoveries reached 88% in May, aligning with feasibility study assumptions and trending well above plan in June.
Both underground and open pit ramp-up progressed well, with 2,317 tonnes per day (tpd) mined, Aya said. Underground mining rate also reached 1,101 tpd, exceeding the miner’s 1,000 tpd long-term target.
“Our operations continue to outperform across the board while we continue to improve grade dilution and sequencing,” said Benoit La Salle, Aya’s president and CEO.
Aya added that the open pit expansion remains on track, positioning the company for a strong second half.
Aya shares were last seen down $0.37 to $12.19 on the Toronto Stock Exchange.
Price: 12.21, Change: -0.34, Percent Change: -2.71
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“].37 to .19 on the Toronto Stock Exchange, reflecting a 2.71% decrease, the overall sentiment regarding the company’s growth trajectory remains optimistic. This is encouraging for those interested in the precious metals market as well as the broader mining industry in Morocco.
With continued advancements and a strong operational strategy, Aya Gold & Silver seems poised for not only steady growth but also for contributing to Morocco’s dynamic mining landscape. The increasing silver production rates underscore the potential for investment in African mining operations, particularly those of companies like Aya that are making significant strides in resource extraction.
#Morocco #Mining #WorldNews #BusinessNews
