Aya Gold & Silver has kicked off 2025 with a sharp surge in production, signaling a major ramp-up at its flagship Zgounder mine in Morocco.
The jump comes on the heels of a new processing plant commissioned in late 2024, which has significantly boosted the site’s capacity © Mena Today
Aya Gold & Silver has kicked off 2025 with a sharp surge in production, signaling a major ramp-up at its flagship Zgounder mine in Morocco.
The Canadian miner reported first-quarter output of 1.07 million ounces of silver — nearly triple last year’s figure for the same period.
The jump comes on the heels of a new processing plant commissioned in late 2024, which has significantly boosted the site’s capacity. Ore throughput rose 207% year-over-year to nearly 250,000 tonnes, while silver recoveries held steady at 82%.
“These are solid results, achieved despite planned shutdowns and seasonal weather,” said Raphaël Beaudoin, VP of Operations. “The plant is running at full throttle — and there’s still room to push further.”
With silver prices climbing, the timing couldn’t be better. Aya fetched an average of over $32 per ounce this quarter, a steep rise from sub-$22 levels a year ago.
The company is now aiming to produce between 5 and 5.3 million ounces in 2025 — more than triple last year’s total of 1.65 million ounces.
To hit that target, Aya will need to keep momentum strong through the rest of the year.
But with its upgraded infrastructure now online and performing above nameplate capacity, the path to becoming a mid-tier silver producer looks increasingly within reach.
Saudi oil giant Aramco announced Tuesday a 44% surge in net profit for the second quarter compared to the same period last year, driven by soaring crude prices amid the war in the Middle East.
Spanish authorities should have anticipated the consequences of a court ruling that weakened a key deterrent against illegal migration and contributed to last week's mass crossings into the enclave of Ceuta in northern Morocco, a senior Moroccan official said on Monday.
European Commission President Ursula von der Leyen proposed on Monday that the EU increase its support to Morocco to help prevent a repeat of the chaotic attempted influx of 50,000 migrants into the Spanish enclave of Ceuta last week.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
