This Moroccan Mine Could Generate Nearly $11 Billion

The new projections were unveiled this Wednesday, September 9, by Aya Gold & Silver. The Canadian group now estimates Boumadine’s cumulative revenue at $10.995 billion over the entire envisaged operating period, compared with $6.991 billion in its previous study.

On Bladi.net : The Moroccan Mine That Now Brings in Nearly $100 Million in Three Months

The project’s after-tax net present value simultaneously jumped from $1.475 billion to $3.537 billion, an increase of 140%. Aya anticipates an initial investment of $463 million and estimates that it could be recovered in less than one year after production begins.

Operations planned for fourteen years

The new scenario extends Boumadine’s envisaged lifespan by three years, bringing it to fourteen years. Total production would reach the equivalent of 3.9 million ounces of gold, including 2.25 million ounces of gold and 81.2 million ounces of silver, along with zinc and lead.

On Bladi.net : 139 km² of Moroccan copper and silver acquired for just 4 million dollars

The site, located in Errachidia province, covers 339 km², in addition to approximately 600 km² subject to exploration permits. The planned plant could process up to 2.9 million tonnes of ore per year. Aya, which already operates the Zgounder silver mine, intends to finance Boumadine’s development notably through its cash flows and debt.