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Aya Gold & Silver Exceeds 2023 Production Guidance at Zgounder Silver Mine
MONTREAL, Jan. 11, 2024 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce production of 1,970,646 oun
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":" MONTREAL, Jan. 11, 2024 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (\"Aya\" or the \"Corporation\") is pleased to announce production of 1,970,646 ounces of silver at its Zgounder Silver Mine in 2023. Q4-2023 Production Highlights Silver (\"Ag\") production of 450,046 ounces (\"oz\") in Q4-2023. Processed 66,449 tonnes (\"t\") of ore at a head grade of 239 grams per tonne (\"g/t\") of silver. Silver recovery of 86.7% in Q4-2023. Combined mill availability of 91.3% in Q4-2023, a 2.6% increase compared to Q4-2022. Mine production of 180,726t of ore in Q4-2023, 124.7% increase compared to Q4-2022 as per mine ramp up plan. Safely Delivering on our Commitments and Guidance 240% year-on-year increase in health and safety training hours. 86% reduction in accident frequency rates compared with 2022. Silver production of 1,970,646 oz in 2023, a 4.8% increase compared with 2022 and beating 2023 production guidance of between 1.7 and 1.9 million (\"M\") oz. Processed 281,634t of ore at 250 g/t Ag in 2023, a 10.5% increase in ore processed compared with 2022. Combined silver recovery of 86.9% in 2023, a 0.3% increase compared with 2022. Combined mill availability of 93.6% in 2023, a 1.8% increase compared with 2022. Mine production of 505,989t of ore in 2023, a 78.7% increase compared with 2022, in line with our mine ramp up plan. \"I am extremely proud of our operations team who delivered another year of production outperformance at Zgounder\" said Benoit La Salle, President & CEO. \"Not only did we beat production guidance for the third year in a row, but 2023 was a record year, with silver production of almost 2 million ounces. This important milestone was achieved during a transitional year as we complete our Zgounder mine expansion to quadruple production and continue to drill at both Zgounder and Boumadine. We remain on time and on budget with commissioning in Q2-2024 and full ramp up by Q4-2024.\" Q4-2023 and 2023 Annual Production Update Key production metrics Q4-2023* FY-2023* Tonnes processed 66,449 281,634 Average grade (g/t Ag) 239 250 Silver ingots produced (oz) 173,117 740,236 Silver in concentrate for sale produced (oz) 276,929 1,230,410 Total silver produced (oz) 450,046 1,970,646 *2023 numbers are preliminary and are subject to final adjustment. In 2023, operation of the Zgounder open p...