Aya's Zgounder receives $8-million (U.S.) payment

Executive Summary

• Aya Gold & Silver’s subsidiary, Zgounder Millenium Silver Mining, received approximately US $8 million under bank guarantees issued by EPC contractor Duro Felguera and affiliates.
• The payment is compensation pursuant to the EPC agreement for the Zgounder expansion project, confirming Aya’s ability to enforce contract terms and recover funds.
• The inflow strengthens Aya’s cash position and underscores its risk‑mitigation and project‑oversight capabilities.

Key Details

• Compensation Amount: Approximately US $8 million received by Zgounder Millenium Silver Mining.
• Source of Funds: Bank guarantees issued on behalf of Duro Felguera and its affiliates (EPC contractor for the Zgounder expansion).
• Contractual Basis: Payment made pursuant to the Engineering, Procurement & Construction (EPC) agreement governing the Zgounder expansion project.
• Strategic Impact: Demonstrates Aya’s disciplined contract enforcement, risk mitigation, and project oversight; improves liquidity for ongoing expansion activities.

Notable Quotes

(No direct quotes were provided in the release.)