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Last $0.18 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

maya gold & silver inc (MYAGF) Snapshot

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maya gold & silver inc (MYAGF) Details

Maya Gold & Silver Inc. is engaged in the acquisition, exploration, evaluation, and development of gold and silver properties in Morocco. It also explores for copper, zinc, lead, molybdenum, and uranium deposits. The company owns 100% interests in the Amizmiz property, the Azegour property, the Mining permit No 233263, and the Touchkal property, as well as 85% interest in the Zgounder and the Boumadine properties in Morocco. Maya Gold & Silver Inc. was incorporated in 2007 and is headquartered in Blainville, Canada.

Founded in 2007

maya gold & silver inc (MYAGF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$200.0K
President, Director and President of Compagni...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$135.9K
Compensation as of Fiscal Year 2013.

maya gold & silver inc (MYAGF) Key Developments

Maya Gold & Silver Inc. provides Operational Update on the Zgounder Silver Mine for the Period of August 2014 to February 28, 2015; Provides Production Outlook for 2015

Maya Gold & Silver Inc. has provided operational update on the Zgounder Silver Mine for the period of August 2014 to February 28th 2015. Intensive rainfalls and adverse cold weather have continued to affect the operation and chain of supplies in December 2014 and January 2015. Despite adverse conditions Zgounder Millenium Silver Mining ("ZMSM") produced 512 kilos of silver ingots in December 2014 and 482 kilos in January 2015 while the more gentle weather in February contributed to improve production for a total pour of 783 kilos of silver ingots. ZMSM has achieved a declared production of 108,570 ounces in 3,140.310 kg ingots shipped for the payment of 107,102 ounces of pure silver 99.9% in its first start-up period. The average head grade was 278(i)g/t Ag and the mill recoveries ranges from 57% to 84%. As of March 1st, ZMSM has shipped 820kg of silver ingots for net proceed of 791kg for the payment of 25,430 Ounces of pure silver at 99.9% Maya will send professional QPs on-site during the second quarter of 2015 to carry out the Resources, Mine and Mill independent audit. Since the beginning of January 2015, ZMSM has started underground works including the widening of the entirety of the main level (2000) on approximately 760 meters, has pursued YAK drilling for the planning of mining production, has started preliminary works (including digging of an 9 square meters aeration drift) in order to mine the "D" Body in a near future, has completed intensive wall sampling campaign. A portion of the daily mineralized material processed comes from this underground development. Besides, laboratory teams are presently pursuing flotation test works to validate and optimize a process to eventually introduce flotation cells into the actual processing plant as to largely increase processing capacity. Results will be published in a near future. The company had given a production guidance of 570,000 ounces of silver for 2015 and total cash costs of between $11.50 and $12.38 per ounce Ag to be reported after commercial production is declared. The company expects to increase its mill recovery once it reaches commercial production during the third quarter.

Maya Gold & Silver Inc. announces production results at Zgounder Silver Mine for the month of November 2014

Maya Gold & Silver Inc. announced production results at Zgounder Silver Mine for the month of November 2014. Zgounder Millenium Silver Mining produced 1,044 kilos (33,565 ounces) during the month of November, a 9% increase from previous month despite unusually intensive rainfall which caused flash floods across the region. The mill performance and output were negatively affected this month by the well documented heavy rainfall experienced across Morocco.

Maya Gold & Silver Inc. Announces Production Results at its Zgounder Silver Mine in October 2014

Maya Gold & Silver Inc. announced the production results at its Zgounder Silver Mine in October 2014. Zgounder Millenium Silver Mining (ZMSM)produced 945.5 kilos (29,409 ounces) of silver from 86 ingots grading an average of 98.4% Ag. Highlights include: 24 days of operation from mineralized material from 'ancient stockpiles' on hand and underground broken ore left in the stopes (Level 2035) by previous operator; Mill facility operated at an average of 187 tpdw; 4,503 tonnes of wet mineralized material (4,345 tonnes on a dry basis) were processed with an overall average grade of 260 g/t Ag for 1,130 kg metal feed recalculated head grade from metallurgical balance at the mill; 945.5 kilos (29,409 ounces) of silver were poured in 86 ingots; Despite reduced days of operation mainly due to national holidays, metal production increased by 19% and mill recovery by 4% compared to September's operation; The average of silver grade of the ingots from the on-site laboratory is 99% Ag; precisions on the purity of the ingots from the MKS refinery shows 98.4% Ag; and the mill effective silver metal recovery being 945.5kg/1,130kg for 84% while 115Kg of silver metal was still in solution in the cyanidation tanks.

 

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