After a rough 2024, operations in 2025 are looking better for Aya Gold & Silver (TSX: AYA), who reported record production figures for the first quarter of 2025 this morning.
Production in the first quarter at Aya’s Zgounder Silver Mine has nearly tripled, going from 366,362 ounces of silver in Q1 2024, to 1.1 million ounces in Q1 2025 following the completion of an expansion project. The improvement in production follows total tonnes processed growing from 81,331 kt to 249,743 kt year over year, while recoveries remained at 82%.
Recovery improvements are expected to be made throughout the year as the expanded plant is optimized. The company also indicated that January was the last month where a silver concentrate was produced, with production now occurring in the form of dore bars.
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“It was a record quarter, driven by strong production and silver sales averaging more than $32.00/oz. With mining rates steadily increasing in line with our plan, we are well positioned for a strong ramp-up and a solid second half of 2025,” commented Aya CEO Benoit La Salle.
A date for the release of full Q1 financial results was not provided.
Aya Gold & Silver last traded at $11.00 on the TSX.
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