Canadian mining company Aya Gold & Silver has secured a significant $25 million credit facility from the European Bank for Reconstruction and Development (EBRD), paving the way for expansion at its key Moroccan mining sites, Boumadine and Zgounder.
This development marks a major step forward for the company’s projects in a prominent African mining region.
In a statement released on Tuesday, Aya Gold & Silver announced the two-year, $25 million loan, which is guaranteed by the EBRD. The funds will be strategically deployed to advance the polymetallic Boumadine project, situated in Morocco’s Oriental region, while simultaneously bolstering the company’s overall financial flexibility. The credit facility carries a 5% interest rate and is structured as a bullet repayment, contingent upon the finalization of agreements and adherence to relevant regulatory requirements.
Benoit La Salle, CEO of Aya Gold & Silver, expressed his enthusiasm for the renewed partnership with the EBRD, characterizing the financing as “a testament to the strength of our business model and our shared commitment to responsible mining.”
The EBRD highlighted Aya Gold & Silver’s robust performance, particularly at the Zgounder silver mine, where silver production has surged by an impressive 64% since the beginning of 2025, further underscoring the company’s strong growth trajectory.
This latest financial boost follows a previous announcement in January, where Aya Gold & Silver unveiled a substantial $50 million investment plan to support its diverse mining operations throughout the Kingdom of Morocco.
With a silver output of 8.8 million ounces in 2023, Morocco currently holds the position of the world’s 15th-largest silver producer, solidifying its increasing importance within the global mining industry.
MK/te/sf/lb/abj/APA