Join on WhatsApp
Join on Telegram
Rabat — Aya Gold & Silver has received final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility.
The Canadian company will use this funding to develop the Boumadine polymetallic project and strengthen its financial flexibility as part of its expansion strategy in Morocco.
CEO Benoit La Salle said this financial support reflects its strong fundamentals and the renewed confidence of its partners.
The EBRD, which has worked with Aya for ten years, commended the progress made at the Zgounder mine and recognized Boumadine’s potential, pointing out the company’s commitment to sustainable mining practices.
The two-year loan is structured with a bullet repayment and a 5% interest margin. The deal remains subject to finalizing definitive agreements and meeting standard regulatory conditions.
In its Zgounder silver mine in Morocco, the company is making significant progress in operating results.
As of April, the Canadian mining company has confirmed the growing strength of its primary mining site, reporting significantly improved performance.
Since the beginning of 2025, the company’s silver production at the site has jumped 64%. This rate reflects the significant advancement in the company’s performance.
Aya Gold asserts ongoing operational improvements driven by steady activity at the site and exceptional performance from the processing plant.
In January, the company announced it plans to invest an additional $50 million in Morocco over the coming years.
Morocco produced roughly 8.8 million ounces of silver in 2023, ranking 15th globally as a producer of the precious metal and positioning itself as an increasingly visible player in the international silver market.
Read also: Aya Gold Close to Lock $67.5 Million in Funding for Mining Operations Morocco
