Machai Media Featured Interview: AYA Gold and Silver Discusses Latest Q2 Results - Increased Silver Production by 15% (Compared to Q2 2022)

Rhea-AI Summary

AYA Gold & Silver Inc. plans to expand Zgounder Mine operations, aiming to triple silver production throughput to 2,700 tonnes per day and quadruple annual LOM production of silver to 6.8 million ounces. Current silver price near one-year high at $24.30 per ounce due to factors like a subdued dollar and growing demand in the renewable energy sector. Future price expected to rise to $34.70 per ounce by end of 2023. Potential positive impact on AYA stock.

Positive

• AYA Gold & Silver Inc. plans to expand silver production and increase annual LOM production, which could positively impact stock price.
• Current silver price near one-year high and expected future rise in price could positively impact AYA stock.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - August 25, 2023) - Machai Media (wholly owned by Machai Capital Inc.) sits down with Benoit La Salle, President and CEO of Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) to discuss the latest Q2 financial results at their flagship Zgounder Mine which is considered to be one of the highest-pure-play silver mines in the world. The full video is linked below:

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https://www.youtube.com/watch?v=0tQ57TFDwwY&t=38s

AYA Gold and Silver is a dominant and trusted mining company in Morocco - driving shareholder value and sustainable economic development. The company is one of the top producers in Africa and the 15th largest in the world for silver production.

With plans to expand the Zgounder Mine operations, AYA aims to triple silver production throughput from 700 to 2,700 tonnes per day and quadruple the annual LOM production of silver to 6.8 million ounces, while maintaining a low all-in sustaining cost. Additionally, the company is conducting an extensive exploration drilling program to grow its resources.

As of August 25^th 2023, the current price of silver is showing signs of strength, with the metal trading near the one-year high of $24.30 per ounce. This is due to various factors, such as a subdued dollar, concerns about the stability of the financial system, and an upturn in demand for the safety of bullion. Additionally, the growing demand for silver as an industrial input, particularly in the renewable energy sector, has further bolstered the metal's price performance.

1 Year Silver Spot Price 

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The future price of silver is expected to remain bullish, with many predicting a potential rise to $34.70 per ounce by the end of 2023. This is supported by leading indicators such as inflation expectations and the silver CoT report, which suggests that the demand for silver will continue to rise in the coming years. Moreover, experts predict another large deficit for silver in 2023, indicating a potential further rise in its value.

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Contact:

Suneal Sandhu

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Email: suneal@machaicapital.com

Website: machaicapital.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/178530