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Maya Gold & Silver achieves commercial production at Zgounder

Mining News - Published on Mon, 14 Jan 2019

Image Source: Maya Gold & Silver
Maya Gold & Silver Inc informed its shareholders it has reached an important milestone with the installation of a 3-fold effect milling capacity and output at its Zgounder silver mine. The commissioning and testing phase of its 500 ton per day (tpd) flotation mill has been completed and the company is proud to announce that it is in commercial production as of January 1st 2019. During a 28-day period, a total of 4622 tonnes of low-grade ore with an average silver grade of 157 g/t was processed. The overall silver recovery with flotation followed by cyanidation of the flotation concentrate reached 80.3% (including in the system silver metal balance) which is better than expected for the testing phase. The flotation mill produced 321 tonnes of concentrate at a grade of 1861 g/t Ag for a 7 % weight recovery.

As of January 2019, the mill will start processing higher grade ore in order to optimize and maximize commercial production.

Nourreddine MOKADDEM, Founder, President & CEO said “Achieving commercial production at Zgounder, Maya’s flagship project marks another major milestone as we continue to deliver growth and value for shareholders. Our team’s execution capabilities delivered the mine on schedule and in line with our expectations. As demonstrated by its very low cash cost of below $ 6.37/oz, the Zgounder silver mine is expected to immediately start contributing to Maya’s free cash flow.”

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Posted By : Rabi Wangkhem on Mon, 14 Jan 2019
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