Thanks to a huge investment, a Canadian company expands its silver production activities in Morocco
This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
Faced with the growing global demand for silver, a Canadian company working in this field in Morocco has decided to expand its activities in the Kingdom by injecting new investments.
Aya Gold & Silver Company plans to invest $50 million to improve its silver production, the demand for which is seeing a significant increase, particularly in strategic sectors such as the solar panel industry and medical applications.
This decision comes as Morocco ranks 15th in the world in silver production and Aya Gold & Silver is considered one of the leading companies in this sector. The company previously invested $250 million in the Kingdom.
The new investment includes the expansion of the company’s main mine, “Zogondar”, located near the town of Taroudant, which is the second largest silver mine in Morocco. The project aims to double the production of the company listed on the Toronto Stock Exchange.
Thus, the company “Aya Gold & Silver” remains second in terms of silver production in Morocco, after the “Managem” group, which dominates production thanks to the “Imider” mine in Tinghir, which is the largest of the kind in Morocco. Africa.
