• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    silver investing

    Maya Reaches Commercial Production at Zgounder Silver Mine

    Nicole Rashotte
    Jan. 09, 2019 03:00PM PST
    Precious Metals
    TSX:MYA

    Maya Gold & Silver has declared commercial production at its Zgounder silver mine in what the company calls a “major milestone.”

    Maya Gold & Silver (TSX:MYA) has achieved commercial production at its Zgounder silver mine, the company announced on Wednesday (January 9).

    The miner reported that the commissioning and testing phase of its 500-tonne-per-day flotation mill has been completed, and that commercial production was established with the installation of a three-fold effect milling capacity and output.

    “Achieving commercial production at Zgounder, Maya’s flagship project[,] marks another major milestone as we continue to deliver growth and value for shareholders,” said Founder, President and CEO Nourreddine Mokaddem in a release.

    According to the miner, during a 28-day period a total of 4,622 tonnes of low-grade ore with an average silver grade of 157 grams per tonne were processed.

    The overall silver recovery with flotation followed by cyanidation of the flotation concentrate reached 80.3 percent, which Maya recognizes is better than expected for the testing phase.

    Overall, the flotation mill produced 321 tonnes of concentrate at a grade of 1,861 grams per tonne gold for a 7-percent weight recovery.

    “Our team’s execution capabilities delivered the mine on schedule and in line with our expectations. As demonstrated by its very low cash cost of below US$6.37 per ounce, the Zgounder silver mine is expected to immediately start contributing to Maya’s free cash flow,” noted Mokaddem.

    Before the end of January this year, the mill will start processing higher-grade ore in order to optimize and maximize commercial production.

    In Maya’s last quarterly update, the company said it had produced 277,277 ounces of silver, with revenue from silver up to the end of September totaling US$4,975,201.

    Mokaddem commented on Maya’s third quarter, stating at the time, “[w]e find ourselves in a strong cash position as we move into the next phase of ramping up production to 500 tonnes per day.”

    As of 2:46 p.m. EST on Wednesday, Maya was up 1.67 percent, trading at C$1.83.

    Don’t forget to follow us @INN_Resource for real-time news updates!

    Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article. 

    silver investingcommercial productiontsx:mya
    The Conversation (0)
    Go Deeper
    AI Powered
    Silver bar surrounded by shiny silver nuggets on a black background.

    Top 5 Canadian Silver Stocks of 2025

    Silver bars on shiny metallic surface.

    Silver Stocks: 5 Biggest Companies

    Latest News

    Maiden Mt Boppy Open Pit Ore Reserve

    Encouraging Drilling Results at BD & BST

    Quarterly Activities and Cashflow Report - June 2025

    Blackstone Secures New Diamond Drill Rig to Advance Mankayan

    Appointment of Managing Director

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Silver47 Exploration

     
    AGA:CC

    Apollo Silver

     
    APGO:CA

    Anteros Metals

     
    ANT:CC

    Silver Crown Royalties

     
    SCRI:CC

    Boab Metals Limited

     
    BML:AU

    Prismo Metals

     
    PRIZ:CNX
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×