11:44 AM EST, 02/11/2025 (MT Newswires) -- (Updates shares.)

Aya Gold & Silver ( AYASF ) said Tuesday that its silver production increased in the fourth quarter of 2024, and added strong results for January 2025.

For Q4 2024, the company produced 491,310 ounces of silver from the Zgounder mine in Morocco, rising from 450,046 ounces a year earlier. For January, the company said it produced 383,515 ounces of silver, an increase of 77% over December 2024.

For full year 2024, Aya produced near 1.65 million ounces of silver.

"This strong performance is driven by improving recoveries and the successful ramp-up of the new Zgounder plant, which is operating above nameplate capacity, alongside the open pit, which continues to exceed expectations," said chief executive Benoit La Salle.

"Month-over-month improvements across the integrated operations at Zgounder reflect disciplined execution and operational strength, positioning us for sustained production growth and record profitability in 2025," La Salle added.

Aya will report its fourth quarter and full year 2024 financial and operational results before market open on March 28.

The company's shares were last seen down $0.37 to $11.52 on the Toronto Stock Exchange.

Price: 11.54, Change: -0.35, Percent Change: -2.94