- Aya Gold & Silver (TSX:AYA) produced over 345,000 ounces of silver in April 2025 as it focuses on the ramp-up of its Zgounder silver mine in Morocco
- The company is a Canada-based silver producer and explorer operating in the Kingdom of Morocco
- Shares have given back 32.20 per cent year-over-year but remain up by 440.54 per cent since 2020
Aya Gold & Silver (TSX:AYA) produced over 345,000 ounces of silver in April 2025 as it focuses on the ramp-up of its Zgounder silver mine in Morocco.
Recent operational highlights include 2,750 tons per day (tpd) mined in April 2025, with mill throughput and availability coming in above expectations, averaging 3,025 tpd and 98 per cent, respectively.
Additionally, recovery rates have risen in May, offering “a clear path to 89 per cent recoveries,” according to Friday’s news release, thanks to oxygen stabilization and optimization work currently underway.
The news follows record production of more than 1 million ounces of silver in Q1 2025, up from 366,000 ounces year-over-year, as the price of silver hovers around a 13-year high of more than US$32 per ounce.
Aya Gold & Silver is guiding for production of between 5-5.3 million ounces of silver in 2025, up from 1.6 million in 2024.
April 2025 silver production
| Production metrics | Q1-2024 | Q1-2025 | April 2025 | |
| Silver production | oz | 366,362 | 1,068,652 | 345,550 |
| Tonnage processed | kt | 81,331 | 249,743 | 90,763 |
| Silver recovery | % | 82 | 82 | 80 |
| Mill availability | % | 96 | 91 | 98 |
| Mine production | t | 106,880 | 194,661 | 82,496 |
Leadership insights
“Our fundamentals are strong, the ramp up is on track and the results are showing — mine production is up 64 per cent since January,” Benoit La Salle, Aya Gold & Silver’s president and chief executive officer, said in a statement. “We’ve seen a recovery improvement in May, and April’s performance confirms that we’re maximizing throughput, strengthening free cash flow and driving down costs. We are pleased to reaffirm our 2025 guidance.”
About Aya Gold & Silver
Aya Gold & Silver is a Canada-based silver producer and explorer operating in the Kingdom of Morocco.
Aya Gold & Silver stock (TSX:AYA) last traded at C$10. The stock has given back 32.20 per cent year-over-year but remains up by 440.54 per cent since 2020.
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