MONTREAL, Nov. 07, 2024 (GLOBE NEWSWIRE) – Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) has reached a significant milestone in its operations with the commencement of ore processing at the newly constructed Zgounder Silver Mine plant. This development not only highlights the company’s commitment to becoming a leading silver producer but also reflects the successful execution of its strategic plans over the past two years.
Progress at the Zgounder Silver Mine
The Zgounder plant has achieved mechanical completion, and the hot commissioning phase is progressing smoothly. As of November 7, the plant has successfully milled over 4,000 tonnes of ore, with a milling rate of 95 tonnes per hour. This impressive achievement has bolstered confidence in the ramp-up process, which is expected to transition into commercial production by late Q4 2024. The first silver pour is anticipated to take place later this month, marking a pivotal moment in the mine’s operational timeline.
Key Highlights of the Commissioning Process
Wet Commissioning Near Completion: All primary systems have undergone wet commissioning, ensuring that the plant is ready for full-scale operations.
Successful Hot Commissioning of the Ball Mill: The ball mill has successfully completed its hot commissioning, a critical step in the processing of ore.
Introduction of First Ore: The first ore was introduced into the mill on November 4, setting the stage for the upcoming silver pour.
Ramp-Up to Commercial Production: The team is diligently working towards achieving steady-state nameplate capacity, which is projected for Q1 2025.
Benoit La Salle, President & CEO of Aya Gold & Silver, expressed his excitement about the Zgounder mine’s transition from commissioning to ramp-up. He emphasized the dedication of the team in transforming Zgounder into a leading global silver producer, highlighting the strong fundamentals of the silver market that support the mine’s production growth plans.
Commitment to Quality: ISO 9001 Certification
In addition to the operational advancements, Aya Gold & Silver is proud to announce that the Zgounder Silver Mine has received ISO 9001:2015 certification. This prestigious certification underscores the company’s commitment to maintaining rigorous quality and management standards throughout every stage of the mining process, from geological exploration to the delivery of silver doré bars. This achievement not only enhances the credibility of the Zgounder mine but also reflects the company’s dedication to excellence in its operations.
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, with operations primarily in Morocco. As the only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is actively exploring properties along the prospective South-Atlas Fault, which has a history of past-producing mines and historical resources. The company also holds the Tijirit Gold Project in Mauritania, which is being developed by Mx2 Mining, a new spinout gold-growth company.
Aya’s management team is committed to maximizing shareholder value by embedding sustainability into its production, resource management, governance, and financial growth strategies.
Looking Ahead
As Aya Gold & Silver moves forward, the company is poised for significant growth in the silver market. The successful commissioning of the Zgounder Silver Mine and the anticipated transition to commercial production are expected to enhance the company’s position as a key player in the global silver industry. With strong market fundamentals and a dedicated team, Aya is well-equipped to navigate the challenges and opportunities that lie ahead.
For more information about Aya Gold & Silver Inc. and its operations, please visit www.ayagoldsilver.com.
Forward-Looking Statements
This announcement contains forward-looking statements regarding Aya’s future growth and business prospects. While management believes these statements are reasonable based on current information, actual results may differ due to various risks and uncertainties. Investors are encouraged to review the company’s filings for a comprehensive understanding of the potential risks involved.
In conclusion, Aya Gold & Silver Inc. is on the cusp of a transformative phase with the Zgounder Silver Mine. The successful commissioning of the plant and the upcoming silver pour are just the beginning of what promises to be a fruitful journey in the silver mining sector.
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