64.8 F
June 19, 2024
PI Global Investments

Aya Gold and Silver surpasses 2023 production targets thanks to Moroccan mines output

Canadian mining company Aya Gold and Silver announced exceeding their 2023 production targets by 5%, with Moroccan operations playing a key role in the success. Their two Moroccan mines, Zgounder and Bou Azzer, saw significant output increases, contributing nearly 40% of the company’s total silver production and 25% of gold, the company said in a press release on Thursday.

Zgounder, Aya’s flagship Moroccan mine, delivered particularly strong results, exceeding its individual production target by 12%. This was driven by improved processing efficiencies and higher-than-expected ore grades. Bou Azzer also performed well, achieving its production target despite ongoing development activities.

The company plans to further invest in exploration and development efforts at both mines, aiming to unlock additional resources and boost future production. This move aligns with Morocco’s national strategy to attract foreign investment and develop its mining sector.

It must be noted that the future plans announced by Aya Gold and Silver remain forward-looking statements and are only reflections of management’s expectations of future growth and prospects for the company, which may be subject to change.

Source link

Related posts

Kootenay Silver announces 2024 drill program has begun at Columba Silver Project in Mexico


Silver Bullet Data Services results show strong, sustained growth, revenue increasing by 42%


Nickisha Pryce establishes new 400m benchmarks, Lyston claims 100m silver at NCAA Championships


Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.