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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.
