Maya Gold & Silver Inc
Maya Gold & Silver Inc is a company.
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Leadership Team
Key people at Maya Gold & Silver Inc.
Maya Gold & Silver Inc is a company.
Key people at Maya Gold & Silver Inc.
Key people at Maya Gold & Silver Inc.
Maya Gold & Silver Inc., now operating as Aya Gold & Silver Inc. (TSX: AYA), is a Canadian-based silver producer focused on mining operations, exploration, and development of precious and base metal deposits primarily in Morocco.[1][2][3] The company explores and produces gold, silver, zinc, lead, and copper, with its flagship Zgounder Silver Mine—an underground operation in the Anti-Atlas Range—driving production, alongside the advancing Boumadine polymetallic project and other regional assets.[1][2][3] It serves global precious metals markets by ramping up output, with Zgounder expanding to 2,700 tons per day (tpd) capacity in 2024, achieving record revenue as reported in November 2025, and leveraging Morocco's pro-mining jurisdiction for growth.[2]
Incorporated in 2007 under the Canada Business Corporations Act and headquartered in Blainville (or Mount Royal), Canada, Maya Gold & Silver began with an initial public offering in 2008, raising $2 million and listing on the TSX Venture Exchange under symbol MYA.[1][3] Early moves included acquiring 100% interest in Mexican concessions in 2008 and, in 2013, securing 85% of the Boumadine polymetallic deposit (Zn, Pb, Ag, Au, Ge) in Morocco.[3] Pivotal moments followed: silver production started at Zgounder in 2014, commercial production at 500 tpd achieved in 2018 after connecting to Morocco's power grid and installing a flotation mill, with a positive NI 43-101 economic assessment showing after-tax IRR of 118% and NPV of US$200.2 million.[3] The company rebranded to Aya Gold & Silver, evolving into a pure-play silver producer with extensive African expertise.[2][3]
Aya Gold & Silver rides the global surge in silver demand driven by industrial uses (solar panels, electronics) and safe-haven investing amid economic volatility, amplified by Morocco's stable, mining-friendly policies in a resource-scarce world.[2] Timing aligns with post-2024 mine expansions coinciding with rising metal prices and supply constraints from aging mines elsewhere, bolstered by the Anti-Atlas' untapped potential near operations like Managem’s Imiter.[3] Market forces favoring it include geopolitical shifts toward African critical minerals and ESG-compliant jurisdictions, enabling Aya to influence regional mining by pioneering modern, high-grade silver output and exploration along key faults.[2][7]
Aya is poised for accelerated production and cash flow from Zgounder's full ramp-up and Boumadine's advancement, with 2025 updates like robust PEA results signaling multi-asset growth in a silver bull market.[2] Trends like green energy demand for silver and Morocco's infrastructure will shape its path, potentially evolving its influence from regional producer to mid-tier player via acquisitions or partnerships. This builds on its transformation from explorer to revenue-generating operator, rewarding early stakeholders in a sector creating outsized wealth.[1][3]
