11:56 AM EDT, 06/25/2025 (MT Newswires) -- (Updates shares.)

Aya Gold & Silver ( AYASF ) said Wednesday that silver production at the Zgounder mine in Morocco rose 2.4% month-over-month in May.

The company produced 353,879 ounces of silver in May, up from 345,550 ounces of in April.

Aya said silver recoveries reached 88% in May, aligning with feasibility study assumptions and trending well above plan in June.

Both underground and open pit ramp-up progressed well, with 2,317 tonnes per day (tpd) mined, Aya said. Underground mining rate also reached 1,101 tpd, exceeding the miner's 1,000 tpd long-term target.

"Our operations continue to outperform across the board while we continue to improve grade dilution and sequencing," said Benoit La Salle, Aya's president and CEO.

Aya added that the open pit expansion remains on track, positioning the company for a strong second half.

Aya shares were last seen down $0.37 to $12.19 on the Toronto Stock Exchange.

Price: 12.21, Change: -0.34, Percent Change: -2.71