Latest news with #BenoitLaSalle
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Aya Gold & Silver Launches Drill Exploration Program at Zgounder Far East and Adds 6 New Regional Permits
MONTREAL, June 26, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (' Aya ' or the ' Corporation ') is pleased to announce high-grade silver results from its ongoing drill exploration program at the Zgounder Silver Mine and the start of its drill exploration program in the Far East permits in the Kingdom of Morocco. The Corporation has also acquired six (6) new permits to the north, expanding the Zgounder exploration footprint by 11.9% to over 452.7 square kilometers ('km 2 '). Highlights (all intersections are in core lengths) Acquired six (6) exploration permits totaling 48.1 km 2 in the Zgounder area (Figure 2) Started initial 2,250 meter ('m') regional program in the Zgounder Far East permits (Figure 3) Reported intersections in the open-pit area: Hole ZG-RC-24-303 intercepted 1,970 grams per tonne ('g/t') silver ('Ag') over 6.0m; Hole ZG-RC-24-434 intercepted 305 g/t Ag over 11.0m, including 1,348 g/t Ag over 1.0m; Hole DZG-SF-25-593 intercepted 749 g/t Ag over 3.5m including 1,610 g/t Ag over 1.5m; Hole ZG-RC-24-440 intercepted 1,214 g/t Ag over 2.0m; and Hole DZG-SF-25-592 intercepted 438 g/t Ag over 3.5m including 2,410 g/t Ag over 0.5m. Drilled 8,343m or 33% of the 2025 exploration program year to date 'We're excited to consolidate further and grow our footprint by 12% at Zgounder with six new permits—advancing our strategy to expand the land package and explore for satellite deposits,' said Benoit La Salle, President & CEO. 'This includes the start of drilling on the Far East permits, where we've identified several high-impact targets. High-grade intercepts within the open-pit area were also drilled, including ZG-RC-24-303 and ZG-RC-24-434, further confirming the continuity and strength of mineralization to the east.' Included in this release are results from 152 holes, which include 67 underground diamond drill ('DDH'), 15 reverse circulation ('RC'), 49 T28 and 21 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer). For a full summary of today's results, refer to Appendix 1. Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)* Hole ID From To Ag Length Ag x (g/t) (m) width Underground DDH DZG-SF-25-592 2.0 5.5 438 3.5 1,533 Including 2.0 2.5 2,410 0.5 1,205 DZG-SF-25-593 31.5 35.0 749 3.5 2,622 Including 31.5 33.0 1,610 1.5 2,415 DZG-SF-25-601 27.5 28.5 906 1.0 906 Surface RC ZG-RC-24-303 22.0 28.0 1,970 6.0 11,820 ZG-RC-24-434 0.0 11.0 305 11.0 3,360 Including 2.0 3.0 1,348 1.0 1,348 ZG-RC-24-440 21.0 23.0 1,214 2.0 2,428 Underground T28 T28-24-528 7.2 16.8 107 9.6 1,027 T28-24-562 6.0 13.2 259 7.2 1,862 T28-24-562 18.0 25.2 134 7.2 961 T28-25-706 0.0 7.2 221 7.2 1,594 T28-25-730 0.0 4.8 358 4.8 1,718 Underground YAK YAK-24-206 7.2 10.8 275 3.6 991 YAK-25-306 14.4 25.2 210 10.8 2,269 YAK-25-315 0.0 3.6 592 3.6 2,131 YAK-25-316 30.0 32.4 850 2.4 2,039 * True width is undetermined at this stage. Figure 1: Location of Drill Results at Zgounder 2025 Exploration Results This year, 57 DDH totaling 8,343m have been completed at Zgounder. Drilling was conducted mostly underground in the Central and Western Zones as well as on some near-mine regional targets. Figure 2 shows the six additional licences acquired, which in addition to the Zgounder Far East and the Touchkal blocks, will significantly increase the prospectivity of the Zgounder Regional Project. The Corporation will start mapping and prospecting on these new licences in early H2. The RC drill exploration program at Zgounder Far East began on June 22 nd, targeting four strong geochemistry anomalies including Ag – Cu and Au (Figure 3) with an initial planned meterage of 2,250m. The Zgounder Far East block comprises Neoproterozoic geology divided into three distinct zones: Southern Zone dominated by volcano-sedimentary rocks and pebbly sandstones alternated with felsic volcanics. Central Zone hosts an ophiolite complex, featuring mafic and ultramafic rocks intercalated with fine-grained sandstone units. Northern Zone is composed of intermediate to mafic volcanic and intrusive rocks, alternating with conglomerates. Grab sample results in the Far East block have identified some high-grade grab Ag-Cu, and Au, along with many precious metal anomalies, indicating a strong mineralization potential within 20km from the Zgounder deposit. Figure 2: Surface Map of Zgounder Property with New Exploration Licences Figure 3: Surface Map of Zgounder Far East with Exploration Drill Program Quality Assurance For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment ('Afrilab') in Marrakech, Morocco or to ALS Laboratory at the Zgounder Mine site. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by atomic absorption spectroscopy ('AAS'). Samples grading above 200 g/t Ag are reanalyzed using fire assaying. For definition drilling using RC, all individual samples represent 1.0m in length and for T28 drilling equipment, all individual samples represent 1.2m in length. Samples are assayed at either the ALS Mine laboratory or at Afrilab. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by AAS. Samples grading above 200 g/t Ag are reanalyzed using fire assaying. Rigorous quality controls (QaQc) are applied at both locations. David Lalonde, P. Geo, Vice-President Exploration, is Aya Gold & Silver's Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101. About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contact Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as 'expand', 'advance', 'confirm', 'potential', 'significant', 'confidence', 'expansion', 'steady', 'enhance', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the continuity of the mineralization and its grade, the potential to significantly increase high-grade ounces within and near the open pit area, expanding open-pit operations in the near term, enhancing the resource and better understanding the deposit as well as exploration results in the open-pit and underground areas. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise. Appendix 1 - Mineral Intercepts from Drilling at Zgounder (core lengths)* Hole ID From To Ag Length Ag x (g/t) (m)* width Underground DDH DZG-SF-24-296 46.5 48.0 108 1.5 162 DZG-SF-25-589 5.2 8.0 104 2.8 291 DZG-SF-25-590 2.7 3.2 76 0.5 38 DZG-SF-25-590 6.5 8.4 94 1.9 179 DZG-SF-25-591 4.0 5.5 77 1.5 116 DZG-SF-25-592 2.0 5.5 438 3.5 1,533 Including 2.0 2.5 2,410 0.5 1,205 DZG-SF-25-593 31.5 35.0 749 3.5 2,622 Including 31.5 33.0 1,610 1.5 2,415 DZG-SF-25-601 4.2 5.5 138 1.3 179 DZG-SF-25-601 27.5 28.5 906 1.0 906 DZG-SF-25-604 24.5 27.5 191 3.0 572 DZG-SF-25-610 14.0 15.5 97 1.5 146 DZG-SF-25-610 24.0 25.0 198 1.0 198 DZG-SF-25-611 15.9 19.0 244 3.1 756 Including 15.0 16.0 420 1.0 420 DZG-SF-25-628 4.3 5.3 90 1.0 90 DZG-SF-25-628 56.0 57.0 101 1.0 101 Surface RC ZG-RC-24-283 0.0 1.0 88 1.0 88 ZG-RC-24-288 11.0 13.0 190 2.0 380 ZG-RC-24-303 22.0 28.0 1,970 6.0 11,820 ZG-RC-24-425 23.0 24.0 196 1.0 196 ZG-RC-24-425 51.0 55.0 123 4.0 492 ZG-RC-24-427 1.0 2.0 92 1.0 92 ZG-RC-24-434 0.0 11.0 305 11.0 3,360 Including 2.0 3.0 1,348 1.0 1,348 ZG-RC-24-440 21.0 23.0 1,214 2.0 2,428 ZG-RC-24-446 10.0 16.0 97 6.0 580 ZG-RC-24-446 18.0 19.0 112 1.0 112 ZG-SF-23-040 42.0 43.0 84 1.0 84 ZG-SF-23-070 62.5 63.5 138 1.0 138 ZG-SF-24-210 114.0 117.0 84 3.0 252 ZG-SF-24-210 121.0 122.5 99 1.5 149 ZG-SF-25-293 69.5 70.0 1,012 0.5 506 ZG-SF-25-298 82.0 83.0 112 1.0 112 ZG-SF-25-304 216.5 218.0 93 1.5 140 ZG-SF-25-304 277.0 278.0 80 1.0 80 Underground T28 T28-24-528 7.2 16.8 107 9.6 1,027 T28-24-557 4.8 6.0 100 1.2 120 T28-24-557 7.2 8.4 216 1.2 259 T28-24-557 14.4 16.8 119 2.4 286 T28-24-557 19.2 21.6 152 2.4 365 T28-24-557 22.8 24.0 100 1.2 120 T28-24-562 6.0 13.2 259 7.2 1,862 T28-24-562 18.0 25.2 134 7.2 961 Including 18.0 19.2 476 1.2 571 T28-24-563 18.0 20.4 104 2.4 250 T28-24-563 22.8 24.0 80 1.2 96 T28-24-564 19.2 25.2 106 6.0 634 T28-25-690 18.0 19.2 111 1.2 133 T28-25-693 3.6 4.8 100 1.2 120 T28-25-700 25.2 26.4 348 1.2 418 T28-25-704 18.0 19.2 250 1.2 300 T28-25-704 24.0 25.2 77 1.2 92 T28-25-706 0.0 7.2 221 7.2 1,594 T28-25-707 0.0 2.4 256 2.4 614 T28-25-709 9.6 10.8 86 1.2 103 T28-25-730 0.0 4.8 358 4.8 1,718 T28-25-730 7.2 8.4 76 1.2 91 T28-25-731 0.0 1.2 108 1.2 130 Underground YAK YAK-24-206 7.2 10.8 275 3.6 991 YAK-25-302 6.0 8.4 110 2.4 263 YAK-25-306 14.4 25.2 210 10.8 2,269 YAK-25-309 10.8 12.0 166 1.2 199 YAK-25-315 0.0 3.6 592 3.6 2,131 YAK-25-315 15.6 18.0 131 2.4 313 YAK-25-315 19.2 20.4 80 1.2 96 YAK-25-316 30.0 32.4 850 2.4 2,039 * True width is undetermined at this stage.
Hamilton Spectator
18-06-2025
- Business
- Hamilton Spectator
Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. MONTREAL, June 18, 2025 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Company') is pleased to announce that it has closed its previously announced and upsized underwritten public offering of common shares in the capital of the Company (the 'Shares') at a price of $13.35 per Share, including the full exercise of the over-allotment option, for aggregate gross proceeds of approximately $143,750,000 (the 'Offering'). Desjardins Capital Markets acted as sole bookrunner, along with National Bank Financial Inc. and BMO Capital Markets as co-lead underwriters, with a syndicate of underwriters comprised of CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., Scotia Capital Inc., SCP Resource Finance LP, Beacon Securities Limited, and INFOR Financial Inc. (collectively, the 'Underwriters'). The Company intends to use the net proceeds of the Offering to advance its business objectives, including for the advancement of its exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes. 'With the closing of this financing and the full exercise of the over-allotment option, Aya is now in its strongest liquidity position to date,' said Benoit La Salle, President & CEO. 'This capital gives us the flexibility to fully unlock the value of our Boumadine project, while continuing to deliver strong operational performance at Zgounder, maximize cash flow, and deliver long-term value for all shareholders. We thank our investors for their continued confidence and support.' The Offering was completed by way of a prospectus supplement (the 'Supplement') to the short form base shelf prospectus of the Company dated June 10, 2025 (the 'Base Prospectus'), which supplement was filed on June 12, 2025. The Base Prospectus and the Supplement can be found on SEDAR+ at and contain important detailed information about the Offering. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and may not be offered or sold in the United States absent registration under the 1933 Act and all applicable U.S. state securities laws, or in compliance with applicable exemptions from such registration requirements. About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at . Or contact Forward-Looking Statements Certain information in this news release related to the Company is forward-looking information and is prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and is therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking information. The information generally can be identified by the use of forward-looking words such as 'may', 'should', 'could', 'intend', 'estimate', 'plan', 'anticipate', 'expect', 'believe' or 'continue', or the negative thereof or similar variations. Forward-looking information in this news release include statements regarding the intended use and anticipated benefits of the net proceeds of the Offering. There are numerous risks and uncertainties that could cause actual results and Aya's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the mineral production and exploration sectors in general; (iii) that the net proceeds of the Offering may need to be used other than as set out in this news release, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at . Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward‐looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward‐looking information. Such forward‐looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward‐looking information. Forward‐looking information is given as of the date of this press release, and the Company does not undertake to update such forward‐looking information except in accordance with applicable securities laws.
Yahoo
15-05-2025
- Business
- Yahoo
Aya Gold & Silver Publishes 2024 Sustainability Report
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to announce that is has published its 2024 Sustainability Report for the year ended December 31, 2024 (the 'Report'). The Report highlights the Corporation's progress and achievements across key environmental, social, and governance ('ESG') areas, while reaffirming its commitments to stakeholders. This year's Report, which is aligned with Task Force on Climate-Related Financial Disclosures ('TCFD') framework, has also been prepared in accordance with 2021 Global Reporting Standards, along with the additional sector standard for mining. Highlights for 2024 are as follows: Environmental Achieved reduction of 7,671 tonnes of carbon dioxide equivalent emissions compared to 'business-as-usual', with 60Kv renewable energy power line commissioned in July 2024. Decreased emissions intensity by 48.53% year-over-year ('YoY'). Started ISO 14001 implementation to help ensure Aya's facility management system meets internationally recognized standards. Social Increased female employees in the workforce by 20% YoY, with nearly 11% of Aya's total workforce now comprised of female workers. Almost tripled stakeholder engagement plan meetings since 2023. Enhanced health & safety training program, with 12,907 hours of training conducted in 2024. Governance Joined UN Global Compact ('UNGC'), the world's largest corporate sustainability initiative, with the aim of aligning Aya's operations with the Ten Principles of UNGC. Participated in the Carbon Disclosure Project questionnaire for the first time. 'I'm proud of our team's deep commitment to advancing Aya's ESG strategy as we grow our operations and ramp up the new Zgounder plant,' said Benoit La Salle, President and CEO. 'In 2024, we prioritized worker health and safety, strengthened our policies through employee engagement, and delivered targeted training to foster a safer environment for employees, contractors and nearby communities. As we enter a new phase of growth, we remain focused on delivering best-in-class sustainability performance and reinforcing our leadership in responsible mining.' Aya's complete 2024 Sustainability Report can be accessed via the Corporation's website at: . About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contactBenoit La Salle, FCPA, MBAPresident & CEO Alex Ball VP, Corporate Development & IR Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as 'commitment', 'advancing', 'grow', 'focused', 'deliver', 'reinforce', 'continue', 'significant', 'increase', 'confirm', 'growth', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to Aya's ESG commitments and objectives and its capacity to achieve same including its ability remain focused on delivering best-in-class sustainability performance and reinforcing our leadership in responsible mining. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the accuracy of Mineral Reserve and Mineral Resource Estimates, the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.
Morocco World
13-05-2025
- Business
- Morocco World
Aya Gold & Silver Secures $25 Million EBRD Loan for Morocco Mining Expansion
Rabat — Aya Gold & Silver has received final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility. The Canadian company will use this funding to develop the Boumadine polymetallic project and strengthen its financial flexibility as part of its expansion strategy in Morocco. CEO Benoit La Salle said this financial support reflects its strong fundamentals and the renewed confidence of its partners. The EBRD, which has worked with Aya for ten years, commended the progress made at the Zgounder mine and recognized Boumadine's potential, pointing out the company's commitment to sustainable mining practices. The two-year loan is structured with a bullet repayment and a 5% interest margin. The deal remains subject to finalizing definitive agreements and meeting standard regulatory conditions. In its Zgounder silver mine in Morocco, the company is making significant progress in operating results. As of April, the Canadian mining company has confirmed the growing strength of its primary mining site, reporting significantly improved performance. Since the beginning of 2025, the company's silver production at the site has jumped 64%. This rate reflects the significant advancement in the company's performance. Aya Gold asserts ongoing operational improvements driven by steady activity at the site and exceptional performance from the processing plant. In January, the company announced it plans to invest an additional $50 million in Morocco over the coming years. Morocco produced roughly 8.8 million ounces of silver in 2023, ranking 15th globally as a producer of the precious metal and positioning itself as an increasingly visible player in the international silver market. Read also: Aya Gold Close to Lock $67.5 Million in Funding for Mining Operations Morocco Tags: Aya Gold and SilverMoroccosilver mining
Yahoo
13-05-2025
- Business
- Yahoo
Aya Gold & Silver Reports April Production as Zgounder Ramp Up Gains Momentum
MONTREAL, May 09, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to report continued operational progress at its Zgounder Silver Mine, driven by a strong mine ramp up, exceptional mill performance, a clear path to improve recovery, and solid April production. April Production Metrics Production Metrics Q1-2024 Q1-2025 April 2025 Silver production oz 366,362 1,068,652 345,550 Tonnage processed kt 81,331 249,743 90,763 Silver recovery % 82 82 80 Mill availability % 96 91 98 Mine production t 106,880 194,661 82,496 Operational Highlights Mine ramp-up continues to exceed expectations, with 2,750 tonnes per day ('tpd') mined in April 2025. Mill throughput and availability in April are above expectations, averaging 3,025 tpd at 98% availability. Recovery rates have improved in May. Clear path to 89% recoveries identified with corrective actions underway, focused on stabilizing and optimizing oxygen production. Key Actions Underway Specialized contractor mobilized onsite to restore full capacity of the oxygen plant, with improvements expected over the coming weeks. Direct collaboration was initiated with the oxygen plant equipment supplier, to fast-track long-term performance enhancements. Once the oxygen plant reaches designed capacity, it is expected that recoveries will improve to reach feasibility study recovery rates. Conclusive tests conducted on plant tailings to confirm feasibility study leaching parameters. 'Our fundamentals are strong, the ramp up is on track, and the results are showing — mine production is up 64% since January,' said Benoit La Salle, President and CEO. 'We've seen a recovery improvement in May, and April's performance confirms that we're maximizing throughput, strengthening free cash flow, and driving down costs. We are pleased to reaffirm our 2025 guidance.' Outlook As the ramp-up progresses, April's solid production marks an important step forward. Our focus is on attaining consistent performance and delivering sustained recovery improvements at Zgounder. About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contact Benoit La Salle, FCPA, MBAPresident & CEO Alex BallVP, Corporate Development & Forward-Looking StatementsThis press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as 'momentum', 'improve', 'expectation', 'budget', 'expect', 'track', 'confirm', 'maximize', 'strengthen', 'drive down', 'guidance', 'continue', 'significant', 'increase', 'confirm', 'growth', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the production, production capacity, availabilities, throughput, milling and mining rates and capacities, recoveries and recovery rates, timing associated with improving any of the foregoing, as well as the Corporations' guidance. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the capacity to stabilise or improve production, production capacity, mining or milling rates, throughput, availabilities, and recoveries, the capacity to stabilize or improve any of the foregoing, the capacity to obtain results described in the feasibility study and the capacity for the Corporation to meet its guidance, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
