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.
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.
