Aya Gold & Silver Achieves Financial Completion with EBRD for Zgounder Silver Mine Expansion

Core Viewpoint - Aya Gold & Silver Inc. has achieved financial completion under its US$100 million project loan with the European Bank for Reconstruction and Development for the expansion of the Zgounder Silver Mine in Morocco [1][2]. Financial Milestones - Financial completion was reached after a thorough technical and financial review by the EBRD, indicating the mine's successful transition to commercial production and compliance with financial covenants and the Environmental and Social Action Plan [2]. - This achievement leads to a reduction in the Corporation's security guarantees and a decrease in the debt service recovery account, which is recorded as restricted cash in the financial statements [3]. Company Operations and Growth - The President & CEO of Aya Gold & Silver highlighted that achieving financial completion is a significant milestone, showcasing the team's execution and operational robustness, positioning the company to generate strong free cash flow and pursue its next growth phase [4]. - Aya operates the Zgounder mine, a unique silver-only mine, and is expanding its processing facility. The company also has a growth pipeline that includes the Boumadine polymetallic project, which has substantial mineral resources and exploration potential [5]. Corporate Vision - Aya is led by a team of experienced mining professionals and is committed to responsible mining practices, aiming to deliver sustainable value for shareholders, employees, and host communities [6].