Aya Gold & Silver (TSX: AYA) this morning reported its first quarter production results for 2021. The company has seen a total of 389,132 ounces of silver produced on a preliminary basis at its Zgrounder Silver mine in Morocco.
Production during the first quarter reportedly contained an average head grade of 295 g/t silver. Total tonnes processed came in at 48,472, while recovery rates also improved. Recovery at the floatation plant improved to 81.9%, up from 80.5% in the fourth quarter, and the cyanidation plant saw recoveries improve to 83.7%, up from 79.5% in the prior quarter.
The company has guided to 1.2 million ounces produced for the full fiscal year, at a cash cost of $11.28 per ounce. The company has indicated it is working towards “additional efficiencies” which will enable it to meet this guidance.
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Full financial results are slated to be released May 13, 2021.
Aya Gold & Silver last traded at $6.84 on the TSX.
Information for this briefing was found via Sedar and Aya Gold & Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
