Mar 15, 2022
 in 
Precious Metals

Aya Gold & Silver (TSX: AYA) Signs Interconnection Agreement with ONEE and Secures Access to Clean Energy Supply for Zgounder

Achieve Zero Scope 2 Emissions in 2024

Aya Gold & Silver Inc. (TSX: AYA) is pleased to report that its subsidiary, Zgounder Millennium Silver Mining S.A., has signed an interconnection agreement with the Office National de L’Électricité et de l’Eau Potable (“ONEE”), Morocco’s state-owned utility, for the construction of a 90-kilometer, 60-kilovolt (“kV”) powerline and substation upgrades. This agreement ensures access to clean energy long-term from ONEE’s electrical grid. The line will be built over the next two years and will be capable of supporting Zgounder’s projected expanded power requirements.

The Moroccan grid is highly interconnected, built on a 400kV transport backbone. The country has 10,627MW of production capacity with over 37% provided from renewable energy sources (hydro, wind and solar). This interconnection provides the Corporation with a gateway to powering its project with 100% renewable energy. Additionally, Aya intends to sign a power purchase agreement (“PPA”) with an independent power producer to purchase 100% renewable energy for its project’s power needs. This will enable it to achieve zero Scope 2 emissions in 2024 and generate an over 85% reduction in the carbon intensity of the Zgounder Silver Mine (see Figure 1). Scope 2 encompasses indirect greenhouse gas (“GHG”) emissions associated with the Corporation’s consumption of purchased electricity but occurring at the facility where the electricity is generated.

“Deepening our ties with ONEE allows Zgounder to benefit from reliable and affordable power and is a significant step towards decarbonization,” said Benoit La Salle, President & CEO. “We look forward to partnering with one of the many renewable energy providers in Morocco, allowing our operations to be powered entirely by renewable energy. In addition to locking in cost savings at Zgounder, we expect the PPA to offer customized flexibilities and to help us reach the class-leading figure of 4.8 tonnes of CO2 per thousand of tonnes of ore processed.”

Figure 1 – GHG Emissions Intensity of the Zgounder Mine, Years 2020-2031

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya’s Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya’s management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans.

For additional information, please visit Aya’s website at www.ayagoldsilver.com.

More Posts

You Might Also Like

Read More

NorthWest Copper (TSX.V: NWST) Hits 24.95m of 2.18% CuEq. Within a Broader Interval of 87.70m of 0.86% Cu

Read More
NorthWest Copper (TSX.V: NWST) Hits 24.95m of 2.18% CuEq. Within a Broader Interval of 87.70m of 0.86% Cu
Read More

Surface Sampling on Fabled Copper’s Toro Property reports 1.46% Copper

Read More
Surface Sampling on Fabled Copper’s Toro Property reports 1.46% Copper
Read More

NorthWest Copper (TSX.V: NWST) (OTCQX: NWCCF) finds more high-grade copper and gold mineralization near surface at Kwanika project

Read More
NorthWest Copper (TSX.V: NWST) (OTCQX: NWCCF) finds more high-grade copper and gold mineralization near surface at Kwanika project
Read More

Aya Gold & Silver (TSX: AYA) Reports Record Quarterly Production of 459,061 Ounces

Read More
Aya Gold & Silver (TSX: AYA) Reports Record Quarterly Production of 459,061 Ounces
Read More

Sun Summit (TSX-V: SMN; OTCQB: SMREF) Commences Extensive Exploration Program Across Multiple Highly Prospective Targets At The Buck Project, Central BC

Read More
Sun Summit (TSX-V: SMN; OTCQB: SMREF) Commences Extensive Exploration Program Across Multiple Highly Prospective Targets At The Buck Project, Central BC
Read More

Fabled (CSE: FABL) Surface Sampling on PJ 100, 105 Copper Occurrences Reports 4.60% and 22.90% Copper, Respectively

Read More
Fabled (CSE: FABL) Surface Sampling on PJ 100, 105 Copper Occurrences Reports 4.60% and 22.90% Copper, Respectively
See All Posts
DISCLAIMER