Latest news with #BenoitLaSalle
Yahoo
15-05-2025
- Business
- Yahoo
Aya Gold & Silver Publishes 2024 Sustainability Report
MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to announce that is has published its 2024 Sustainability Report for the year ended December 31, 2024 (the 'Report'). The Report highlights the Corporation's progress and achievements across key environmental, social, and governance ('ESG') areas, while reaffirming its commitments to stakeholders. This year's Report, which is aligned with Task Force on Climate-Related Financial Disclosures ('TCFD') framework, has also been prepared in accordance with 2021 Global Reporting Standards, along with the additional sector standard for mining. Highlights for 2024 are as follows: Environmental Achieved reduction of 7,671 tonnes of carbon dioxide equivalent emissions compared to 'business-as-usual', with 60Kv renewable energy power line commissioned in July 2024. Decreased emissions intensity by 48.53% year-over-year ('YoY'). Started ISO 14001 implementation to help ensure Aya's facility management system meets internationally recognized standards. Social Increased female employees in the workforce by 20% YoY, with nearly 11% of Aya's total workforce now comprised of female workers. Almost tripled stakeholder engagement plan meetings since 2023. Enhanced health & safety training program, with 12,907 hours of training conducted in 2024. Governance Joined UN Global Compact ('UNGC'), the world's largest corporate sustainability initiative, with the aim of aligning Aya's operations with the Ten Principles of UNGC. Participated in the Carbon Disclosure Project questionnaire for the first time. 'I'm proud of our team's deep commitment to advancing Aya's ESG strategy as we grow our operations and ramp up the new Zgounder plant,' said Benoit La Salle, President and CEO. 'In 2024, we prioritized worker health and safety, strengthened our policies through employee engagement, and delivered targeted training to foster a safer environment for employees, contractors and nearby communities. As we enter a new phase of growth, we remain focused on delivering best-in-class sustainability performance and reinforcing our leadership in responsible mining.' Aya's complete 2024 Sustainability Report can be accessed via the Corporation's website at: . About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contactBenoit La Salle, FCPA, MBAPresident & CEO Alex Ball VP, Corporate Development & IR Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as 'commitment', 'advancing', 'grow', 'focused', 'deliver', 'reinforce', 'continue', 'significant', 'increase', 'confirm', 'growth', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to Aya's ESG commitments and objectives and its capacity to achieve same including its ability remain focused on delivering best-in-class sustainability performance and reinforcing our leadership in responsible mining. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the accuracy of Mineral Reserve and Mineral Resource Estimates, the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.
Morocco World
13-05-2025
- Business
- Morocco World
Aya Gold & Silver Secures $25 Million EBRD Loan for Morocco Mining Expansion
Rabat — Aya Gold & Silver has received final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility. The Canadian company will use this funding to develop the Boumadine polymetallic project and strengthen its financial flexibility as part of its expansion strategy in Morocco. CEO Benoit La Salle said this financial support reflects its strong fundamentals and the renewed confidence of its partners. The EBRD, which has worked with Aya for ten years, commended the progress made at the Zgounder mine and recognized Boumadine's potential, pointing out the company's commitment to sustainable mining practices. The two-year loan is structured with a bullet repayment and a 5% interest margin. The deal remains subject to finalizing definitive agreements and meeting standard regulatory conditions. In its Zgounder silver mine in Morocco, the company is making significant progress in operating results. As of April, the Canadian mining company has confirmed the growing strength of its primary mining site, reporting significantly improved performance. Since the beginning of 2025, the company's silver production at the site has jumped 64%. This rate reflects the significant advancement in the company's performance. Aya Gold asserts ongoing operational improvements driven by steady activity at the site and exceptional performance from the processing plant. In January, the company announced it plans to invest an additional $50 million in Morocco over the coming years. Morocco produced roughly 8.8 million ounces of silver in 2023, ranking 15th globally as a producer of the precious metal and positioning itself as an increasingly visible player in the international silver market. Read also: Aya Gold Close to Lock $67.5 Million in Funding for Mining Operations Morocco Tags: Aya Gold and SilverMoroccosilver mining
Yahoo
13-05-2025
- Business
- Yahoo
Aya Gold & Silver Reports April Production as Zgounder Ramp Up Gains Momentum
MONTREAL, May 09, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to report continued operational progress at its Zgounder Silver Mine, driven by a strong mine ramp up, exceptional mill performance, a clear path to improve recovery, and solid April production. April Production Metrics 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 Operational Highlights Mine ramp-up continues to exceed expectations, with 2,750 tonnes per day ('tpd') mined in April 2025. Mill throughput and availability in April are above expectations, averaging 3,025 tpd at 98% availability. Recovery rates have improved in May. Clear path to 89% recoveries identified with corrective actions underway, focused on stabilizing and optimizing oxygen production. Key Actions Underway Specialized contractor mobilized onsite to restore full capacity of the oxygen plant, with improvements expected over the coming weeks. Direct collaboration was initiated with the oxygen plant equipment supplier, to fast-track long-term performance enhancements. Once the oxygen plant reaches designed capacity, it is expected that recoveries will improve to reach feasibility study recovery rates. Conclusive tests conducted on plant tailings to confirm feasibility study leaching parameters. 'Our fundamentals are strong, the ramp up is on track, and the results are showing — mine production is up 64% since January,' said Benoit La Salle, President and CEO. '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.' Outlook As the ramp-up progresses, April's solid production marks an important step forward. Our focus is on attaining consistent performance and delivering sustained recovery improvements at Zgounder. About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contact Benoit La Salle, FCPA, MBAPresident & CEO Alex BallVP, Corporate Development & Forward-Looking StatementsThis press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as 'momentum', 'improve', 'expectation', 'budget', 'expect', 'track', 'confirm', 'maximize', 'strengthen', 'drive down', 'guidance', 'continue', 'significant', 'increase', 'confirm', 'growth', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the production, production capacity, availabilities, throughput, milling and mining rates and capacities, recoveries and recovery rates, timing associated with improving any of the foregoing, as well as the Corporations' guidance. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the capacity to stabilise or improve production, production capacity, mining or milling rates, throughput, availabilities, and recoveries, the capacity to stabilize or improve any of the foregoing, the capacity to obtain results described in the feasibility study and the capacity for the Corporation to meet its guidance, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
12-05-2025
- Business
- Hamilton Spectator
Aya Gold & Silver Secures US$25 Million Credit Facility from EBRD to Support Growth in Morocco
MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to announce that it has received final internal approval by the Board of Directors of the European Bank for Reconstruction and Development ('EBRD'), for a proposed US$25 million secured credit facility (the 'Facility'). The proceeds of the Facility are intended to support the development of the Corporation's Boumadine polymetallic project and enhance financial flexibility as part of Aya's growth strategy in Morocco. This Facility from EBRD, the current lender on the Zgounder Silver Mine expansion project, represents a significant endorsement of Aya's operating and financial track record and further strengthens the Company's long-standing relationship with EBRD, who has been a strategic partner in Morocco. 'As a responsible operator committed to sustainable growth, we are pleased to welcome this non-dilutive credit facility from EBRD,' said Benoit La Salle, President and CEO of Aya Gold & Silver. 'It is a strong endorsement of our leadership position in Morocco and the trusted partnerships we've built. With robust free cash flow and a strengthening balance sheet, we are well equipped to accelerate our growth plan and deliver low-cost ounces at Boumadine and Zgounder.' 'We are pleased to strengthen our 10-year partnership with Aya Gold & Silver, whose operational progress, growth plans, and focus on sustainability are well aligned with our priorities,' said Natalia Lacorzana, Head of Natural Resources, EBRD. 'Since our last project finance facility in 2023, Aya has made steady progress at Zgounder and advanced the potential of Boumadine. This new facility reflects our confidence in the company's leadership and our continued support for responsible mining in Morocco.' The Facility remains subject to: (i) negotiation and finalization of definitive agreements; and (ii) customary closing conditions, including security arrangements and regulatory compliance. The proposed two-year term Facility is expected to be structured as a secured bullet payment loan with a 5.00% interest margin, semi-annual interest payments, and customary fees. The Facility will be used to support Aya's balance sheet and continue the development of its high-grade Boumadine polymetallic project. About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at . Or contact Forward-Looking Statements This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ('forward-looking statements'), which reflects management's expectations regarding Aya's future and business prospects. Wherever possible, words such as 'intend', 'enhance', 'growth', 'strengthen', 'ensure', 'plan', and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will', or are 'likely' to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to Aya's strength of the balance sheet, its growth plans, the continued execution on its strategic plans, its ability to become a leading silver producer in the region. Such statements reflect the Corporation's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Corporation as of the date of such statements, are inherently subject to significant business, geological, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to Aya's capacity to execute on its plan, its capacity to achieve each item of its guidance, and those material factors and assumptions set forth in Corporation's management's discussion and analysis ('MD&A') and the Corporation's Annual Information Form ('AIF') for the year ended December 31, 2024 available with Canadian securities regulators. For a more detailed discussion of such risks and other factors that may affect the Corporation's ability to achieve the expectations set forth in the forward-looking statements contained in this press release, see the AIF and MD&A available on SEDAR+ at , as well as the Corporation's other filings with the Canadian securities regulators. Readers are advised and cautioned not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
The Market Online
09-05-2025
- Business
- The Market Online
Aya Gold & Silver posts strong April production after record Q1
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 (Source: Aya Gold & Silver) 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. Join the discussion: Find out what everybody's saying about this silver stock on the Aya Gold & Silver Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
