MONTREAL, July 13, 2021 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
("Aya" or the "Corporation") is pleased to announce record
quarterly silver production of 439,149 ounces in Q2 2021 at an
average head grade of 297 grams per tonne silver from its Zgounder
Silver Mine in the Kingdom of Morocco.
Key Highlights
- Produced 439,149 ounces ("oz") of silver ("Ag") in Q2 2021
compared to 389,132 oz of Ag in Q1 2021
- Improved silver recovery of 84.2% at the flotation plant in Q2
2021 compared to 81.9% in Q1 2021
- Successful four-day planned shutdown at the flotation
plant
Q2 2021 Production
|
Q2 2021*
Production
|
Q1 2021
Production
|
Tonnes
processed
|
56,318
|
48,472
|
Average grade
(g/t Ag)
|
297
|
296
|
Silver ingots
produced (oz)
|
174,786
|
190,621
|
Silver in concentrate
for sale produced (oz)
|
264,364
|
198,511
|
Total silver produced
(oz)
|
439,149
|
389,132
|
*Q2 2021 numbers are
preliminary and are subject to final adjustment.
|
"For a third consecutive quarter, Zgounder's operational
performance demonstrated the robustness of the operational changes
implemented into the turnaround last year. Production is now
running at a steady run rate, with tonnes, grade and recoveries
coming in ahead of full-year guidance. First-half silver production
is now tracking well over the midpoint of our 2021 guidance, driven
by our operating team's commitment to improving efficiencies and
best execution," said Benoit La
Salle, President & CEO.
Ongoing Operational Optimisation
Silver recovery for the flotation plant improved to 84.2% in
Q2 2021 from 81.9% in Q1 2021. The slight decrease in
Q2 2021 recoveries to 78.8% at the cyanidation plant compared
to 83.7% in Q1 2021 was expected and has been budgeted for
during the hot summer months.
In the quarter, plant availabilities reached 86% and 93% for the
flotation and cyanidation plants, respectively. Availability at the
flotation plant was impacted by a four-day planned shutdown. The
maintenance plan is progressing well, and overall availability
increased compared to the previous quarter.
Q2 2021 Financial and Operational Results
Aya's
Q2 2021 financial results will be released before market-open
on August 13, 2021.
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
Moroccan mining assets are complemented by its Tijirit Gold Project
in Mauritania, which is being
advanced to feasibility.
Since its appointment in mid-2020, Aya's new management team has
been focused on maximising shareholder value by anchoring
sustainability at the heart of its production, resource,
governance, and financial growth plans.
For additional information, please visit Aya's website at
www.ayagoldsilver.com.
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 "plans", "expects",
"does not expect", "scheduled", "trends", "indications",
"potential", "estimates", "predicts", "anticipate", "to establish",
"does not anticipate", "believe", "intend", "ability to" 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 exploration and development
potential of Zgounder and the conversion of Inferred Mineral
Resources into Measured and Indicated Mineral Resources, future
opportunities for enhancing development at Zgounder, and timing for
the release of the Company's disclosure in connection with the
foregoing. 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 closing and timing of financing,
the ability to obtain any requisite governmental approvals, the
accuracy of Mineral Reserve and Mineral Resource Estimates
(including, but not limited to, ore tonnage and ore grade
estimates), silver price, 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 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 2020 Annual Information Form dated March 31, 2021, and in other filings of Aya with
securities and regulatory authorities which are available on SEDAR
at www.sedar.com. 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.
SOURCE Aya Gold & Silver
Inc