Aya Gold & Silver Pours First Silver at Expanded Zgounder Mine
09 Juli 2024 - 1:20PM
Aya Gold & Silver Inc. (TSX: AYA; OTCQX:
AYASF) (“Aya” or the “Corporation”) is pleased to announce that it
has completed the inaugural silver pour at its expanded Zgounder
Silver Mine in the Kingdom of Morocco.
- On July
2, the first silver pour was achieved:
- First silver
bars were poured with silver cement from the existing cyanidation
plant.
- First pour was
an important step for the ongoing hot commissioning of the foundry
and retort sub system.
-
Commissioning activities are progressing to plan:
- Low-speed
testing of the ball mill is complete.
- Hydrostatic
tests have been performed on most water tanks, reactors and
thickeners.
- Preparation for
wet commissioning is ongoing with some of the water circuit already
tested.
- Commissioning
remains on schedule with ore feed to the mill expected in Q3-2024
and commercial production in Q4-2024.
“This pour marks another significant milestone
in our expansion as we transition to full production by Q4-2024.
Congratulations to the operations team at Zgounder for safely
delivering this watershed moment,” said Benoit La Salle, President
& CEO of Aya. “We are now focused on commissioning and ramping
up the mill to nameplate capacity.”
Figure 1 – First Silver Pour at Zgounder
Figure 2 – Raising the Bar 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 Moroccan mining assets are complemented by its Tijirit Gold
Project in Mauritania, which is being advanced to feasibility.
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
www.ayagoldsilver.com.
Or contact
Benoit La Salle, FCPA,
MBAPresident &
CEOBenoit.lasalle@ayagoldsilver.com |
Alex BallVP,
Corporate Development &
IRalex.ball@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 “expected”, “on
schedule”, “reduce”, “to improve”, “ensure”, ,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 advancement of the commissioning work
according to Aya’s plan. 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 2023 Annual Information Form dated March 28,
2024, and in other filings of Aya with securities and regulatory
authorities which are available on SEDAR+ at www.sedarplus.ca. 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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/583d1966-abf5-40d8-a311-c96d2e7c35ca
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ab2c87a-03db-4adc-a859-ffcf46e72043
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