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Maya Gold & Silver: Zgounder Silver Mine Announces Monthly Production
Sep. 15, 2017 08:41AM PST
Silver Investing
Maya Gold & Silver (“Maya” or the “Corporation”) (TSX VENTURE:MYA) reports a monthly production of 42,033 ounces (1,307 Kg) of silver during the month of August 2017 at its Zgounder silver mine in Morocco. This is an improvement from the previous months but still under the Company’s objective of 45,000 to 55,000 ounces per month. A …
Maya Gold & Silver (“Maya” or the “Corporation”) (TSX VENTURE:MYA) reports a monthly production of 42,033 ounces (1,307 Kg) of silver during the month of August 2017 at its Zgounder silver mine in Morocco. This is an improvement from the previous months but still under the Company’s objective of 45,000 to 55,000 ounces per month. A program is in place to increase production and benefit from the recent silver price rebound.
Flotation cells will be integrated to the processing circuit by the end of Q1 2018, increasing the tonnage of ore processed from 187 t/day to up to 500 t/day (267%) and reduce processing costs by 15%.
August 2017 Production Highlights
- A silver production of 42,033 ounces representing a 2.43% decrease compared to August 2016;
- A total of 4,217 tons processed, a 16.35% decrease compared tof August 2016;
- An average head grade of 364.61 g/t Ag that represents an increase of 13.45% compared to August 2016;
- A total recovery rate of 85%, an improvement over previous months