Aya Gold & Silver closes US$100 million financing for silver mine expansion in Morocco

The new Zgounder process plant’s 3D model. Credit: Aya Gold & Silver

Aya Gold & Silver announces that it has closed the US$100 million project financing facility to support construction of the Zgounder Silver Mine expansion in Morocco.

The Zgounder is considered as the country’s second most important silver mine after the Imiter mine.

“This project financing, along with the recently completed and very successful equity offering, corroborates our positive view on Morocco and provides Aya financial flexibility as we continue with the Zgounder Silver Mine expansion,” said Benoit La Salle, President and CEO. “For this, we would like to thank our funding partners, who have worked diligently to close this Facility, and we look forward to delivering value for all stakeholders and achieving the operational and ESG milestones set out by this partnership.”

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.