Aya logs high-grade, shallow silver in Morocco

AI desk brief

Aya Gold & Silver reported more high-grade, shallow silver intercepts at Zgounder in Morocco, extending mineralization around the open pit and central zone. Highlights include 13m at 783 g/t Ag from surface and 11m at 501 g/t Ag from 2m depth, with 97 holes released as part of a 30,000m program that is just over halfway complete.

Zgounder is guided to produce 5.2-5.8Moz of silver this year versus 4.8Moz last year, with average cash costs of $21.50/oz. The company also highlighted Boumadine, a larger gold-silver-zinc-lead project with a $3.5bn after-tax NPV and an updated PEA showing a 93% IRR at $3,500/oz gold and $50/oz silver.