Canadian mining company Aya Gold & Silver has successfully completed a private placement of 143.8 million Canadian dollars to accelerate development of its Moroccan assets, particularly the expansion of the Zgounder silver mine in the Drâa-Tafilalet region.
The offering, priced at C$13.25 per share, saw strong interest from institutional investors, signaling growing confidence in the profitability of Aya’s Moroccan operations. Major financial institutions such as Desjardins Capital Markets and BMO Capital Markets took part in the funding round, alongside global investors.
According to CEO Benoit La Salle, the capital will fast-track expansion at Zgounder, regarded as one of Africa’s most promising silver deposits, and support exploration at other high-potential sites, including Boumadine and Imiter Bis.
Aya reaffirmed Morocco’s central role in its long-term growth strategy, citing the country’s political stability, geological wealth, and investor-friendly regulatory environment.
The successful capital raise not only highlights rising global interest in Morocco’s mining sector, but also reinforces the country’s positioning as a regional hub for precious metals in North Africa.
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