# Silver Mining News in Morocco

Canonical page: https://atlas-staging.minestarters.com/news?commodities=silver&regions=morocco

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 13
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: Morocco (morocco)
Commodity: Silver (silver)
Applied filters: {"regions":["morocco"],"commodities":["silver"],"commodity_scope":"primary","document_types":["drill_results","resource_update","metallurgy"],"document_type_match":"any"}
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## Safi Silver Reports Positive First Drill Results from the Addana Project in Morocco

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/safi-silver-reports-positive-first-drill-results-from-the-addana-project-in-moro--48743694-31bb-4438-9ced-454f30806f57) · [Markdown](https://atlas-staging.minestarters.com/news/safi-silver-reports-positive-first-drill-results-from-the-addana-project-in-moro--48743694-31bb-4438-9ced-454f30806f57.md)
- Original announcement: 2026-10-14T21:41:28.000Z
- Atlas analysis published: 2026-10-14T22:33:06.302Z
- Atlas analysis updated: 2026-10-14T22:33:06.302Z
- Company: Safi Silver Corp. (SF)
- Original source: [jmn](https://www.juniorminingnetwork.com/junior-miner-news/press-releases/399-tsx-venture/sf/212906-safi-silver-corp-reports-positive-first-drill-results-from-the-addana-project-in-morocco.html)
- Atlas sentiment: 0.354
- Atlas tags: Bonanza Intercept, QA/QC Disclosed, Apparent Width Only, Deleterious Elements Present

Safi Silver has reported its first assay results from the Addana Project in Morocco, highlighted by an unconfirmed 657 g/t Ag intercept in hole SW2026-02. The drilling intersected silver-bearing veins at shallow depths, with additional significant intercepts including 35.52 g/t Ag in hole SW2026-07.

## Safi Silver Corp. Reports Positive First Drill Results from the Addana Project in Morocco

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/safi-silver-corp-reports-positive-first-drill-results-from-the-addana-project-in--5be33924-a480-4204-bff3-9f3a9d50886e) · [Markdown](https://atlas-staging.minestarters.com/news/safi-silver-corp-reports-positive-first-drill-results-from-the-addana-project-in--5be33924-a480-4204-bff3-9f3a9d50886e.md)
- Original announcement: 2026-10-14T21:00:00.000Z
- Atlas analysis published: 2026-10-14T21:22:20.034Z
- Atlas analysis updated: 2026-10-14T21:22:20.034Z
- Company: Safi Silver Corp. (SF.V)
- Original source: [orestocks](https://orestocks.com/company/SF.V/press-releases/6885489104790900)
- Atlas sentiment: 0.354
- Atlas tags: Bonanza Intercept, Apparent Width Only, QA/QC Disclosed, Deleterious Elements Present

Safi Silver Corp. has reported its first assay results from the Addana Project in Morocco, highlighted by an unconfirmed 657 g/t Ag intercept in hole SW2026-02. The results also include a confirmed 35.52 g/t Ag intercept in hole SW2026-07 with associated lead and antimony. The drilling confirms the presence of quartz-iron oxide veins consistent with the regional style.

## MARKETS LIVE: Wall Street dips as oil steadies

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/markets-live-wall-street-dips-as-oil-steadies--3d6f1028-5320-4e1a-be00-d91f8ebe7b8e) · [Markdown](https://atlas-staging.minestarters.com/news/markets-live-wall-street-dips-as-oil-steadies--3d6f1028-5320-4e1a-be00-d91f8ebe7b8e.md)
- Original announcement: 2026-09-23T16:45:52.599Z
- Atlas analysis published: 2026-09-23T16:47:14.399Z
- Atlas analysis updated: 2026-09-23T16:47:14.399Z
- Company: Critical Mineral Resources PLC (CMRS)
- Original source: [proactiveinvestors](https://www.proactiveinvestors.com/companies/news/1098938/markets-live-wall-street-dips-as-oil-steadies-1098938.html)
- Atlas sentiment: 0.903
- Atlas tags: Bonanza Intercept

Critical Mineral Resources PLC reported high-grade silver intercepts at the Agadir Melloul project in Morocco. The results included silver grades exceeding 5,000 g/t, accompanied by 10.2% copper and 2.8 g/t gold, identifying a potential new exploration target.

## Aya Gold & Silver Reports High-Grade Drill Exploration Results at Boumadine

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-drill-exploration-results-at-boumadine--0383acfc-bcf9-4960-9022-e3c7e0c30482) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-drill-exploration-results-at-boumadine--0383acfc-bcf9-4960-9022-e3c7e0c30482.md)
- Original announcement: 2026-09-22T11:00:00.000Z
- Atlas analysis published: 2026-09-22T12:16:23.452Z
- Atlas analysis updated: 2026-09-22T12:16:23.452Z
- Company: Aya Gold & Silver Inc. (AYA.TO)
- Original source: [orestocks](https://orestocks.com/company/AYA.TO/press-releases/5144672995190546)
- Atlas sentiment: 0.712
- Atlas tags: None

Aya Gold & Silver has reported high-grade drill exploration results from its ongoing infill drill program at the Boumadine Project in Morocco. The results confirm strong high-grade continuity along the Boumadine Main Trend, with several intercepts showing bonanza silver equivalent grades. The company is aggressively advancing a 360,000-meter infill and expansion program, with significant potential to extend mineralization along strike and at depth.

## Aya logs high-grade, shallow silver in Morocco

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17) · [Markdown](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17.md)
- Original announcement: 2026-09-18T14:45:54.000Z
- Atlas analysis published: 2026-09-18T16:49:05.457Z
- Atlas analysis updated: 2026-09-18T16:49:05.457Z
- Company: Aya Gold & Silver (AYA)
- Original source: [northernminer](https://www.northernminer.com/news/aya-logs-high-grade-shallow-silver-in-morocco/1003894956/)
- Atlas sentiment: 0.493
- Atlas tags: Bonanza Intercept, Step-Out Extension

Aya Gold & Silver has reported high-grade silver drill results from its Zgounder mine in Morocco, including an intercept of 783 g/t Ag over 13 metres. The drilling extends mineralization around the existing open pit and supports ongoing resource expansion efforts.

## Aya Gold & Silver Reports High-Grade Silver Exploration Results Near Pit and at Depth at Zgounder

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-silver-exploration-results-near-pit-and-at-de--cc1bccf7-e4d0-4760-9a44-72d2c0fc2a9c) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-silver-exploration-results-near-pit-and-at-de--cc1bccf7-e4d0-4760-9a44-72d2c0fc2a9c.md)
- Original announcement: 2026-09-16T00:00:00.000Z
- Atlas analysis published: 2026-09-16T12:39:59.028Z
- Atlas analysis updated: 2026-09-16T12:39:59.028Z
- Company: Aya Gold & Silver Inc. (AYA)
- Original source: [globenewswire](https://www.globenewswire.com/news-release/2026/09/16/3363041/0/en/aya-gold-silver-reports-high-grade-silver-exploration-results-near-pit-and-at-depth-at-zgounder.html)
- Atlas sentiment: 0.42
- Atlas tags: None

Aya Gold & Silver announced high-grade silver drill results from its exploration program at the Zgounder Silver Mine in Morocco. Key intercepts include 3,501 g/t Ag over 3.5m (including 7,717 g/t Ag over 1.5m) and 4,770 g/t Ag over 2.4m. These results confirm the strength and continuity of silver mineralization near the open pit and at depth, with further drilling planned to expand the mineralized footprint.

## Aya Gold & Silver Reports Q2-2026 Results and Delivers Record Operational Performance

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-q2-2026-results-and-delivers-record-operational-performa--ae01d065-b36f-42a7-98a3-989e5df8cf86) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-q2-2026-results-and-delivers-record-operational-performa--ae01d065-b36f-42a7-98a3-989e5df8cf86.md)
- Original announcement: 2026-08-13T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Aya Gold & Silver Inc. (AYA)
- Original source: [globenewswire](https://www.globenewswire.com/news-release/2026/08/13/3344937/0/en/aya-gold-silver-reports-q2-2026-results-and-delivers-record-operational-performance.html)
- Atlas sentiment: 0.83
- Atlas tags: Production Increase, Cost Reduction, High Recovery, Exploration Success, Stale Data Re-release, QP/CP Signed

Aya Gold & Silver reported record operational and financial results for Q2-2026, with consolidated silver equivalent production increasing 61% year-over-year to 1.7 Moz AgEq and cash costs decreasing 9% quarter-over-quarter to $16.82/oz AgEq. The Zgounder mine achieved record processing rates and strong mill recovery, contributing to a strong financial position with $183M in cash and cash equivalents. Exploration drilling at Boumadine identified new mineralized structures, while drilling at Zgounder confirmed high-grade silver mineralization extensions.

## Aya Gold & Silver Reports High-Grade Exploration Drill Results Near Pit Depth at Zgounder

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-exploration-drill-results-near-pit-depth-at-z--3d436080-2e08-40da-b5fa-c942961d9962) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-high-grade-exploration-drill-results-near-pit-depth-at-z--3d436080-2e08-40da-b5fa-c942961d9962.md)
- Original announcement: 2026-06-02T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Aya Gold & Silver Inc. (AYA)
- Original source: [tmx](https://money.tmx.com/en/quote/AYA/news/5713769335204685/aya-gold-silver-reports-high-grade-exploration-drill-results-near-pit-depth-at-z)
- Atlas sentiment: 0.722
- Atlas tags: None

Aya Gold & Silver announced high-grade silver exploration drill results from its Zgounder Silver Mine in Morocco, confirming strong continuity of mineralization around the open pit and in the central zone. The program also identified new intersections near the Western Fault, indicating significant exploration potential. Key intercepts include 5,100 g/t Ag over 2.0m and 4,298 g/t Ag over 3.6m, though true widths remain undetermined.

## Aya Gold & Silver Reports Q1-2026 Results with Record Revenue and Cash Flow

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-q1-2026-results-with-record-revenue-and-cash-flow--46903339-8a9f-41a3-b6d3-57b0c8628614) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-q1-2026-results-with-record-revenue-and-cash-flow--46903339-8a9f-41a3-b6d3-57b0c8628614.md)
- Original announcement: 2026-05-14T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Aya Gold & Silver Inc. (AYA)
- Original source: [tmx](https://money.tmx.com/en/quote/AYA/news/5301565204711557/aya-gold-silver-reports-q1-2026-results-with-record-revenue-and-cash-flow)
- Atlas sentiment: 0.473
- Atlas tags: High Revenue Growth, High Cash Flow Growth, Production Growth, Cost Reduction, Exploration Success, Weather Impact, Cash Cost Increase

Aya Gold & Silver announced record Q1-2026 financial results, with revenue up 247% year-over-year to $117 million and operating cash flow increasing 785% year-over-year to $70 million. Consolidated silver equivalent production rose 40% year-over-year to 1.5 million ounces, supported by strong performance at Zgounder and the ramp-up of Boumadine reclaim operations. The company also reported successful exploration drilling at both projects, confirming mineralization continuity and extensions.

## Aya Gold & Silver Reports Record Results for Q4-2025 and Full Year 2025

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-record-results-for-q4-2025-and-full-year-2025--d8c425fc-4696-42ab-8e62-6057765aa012) · [Markdown](https://atlas-staging.minestarters.com/news/aya-gold-silver-reports-record-results-for-q4-2025-and-full-year-2025--d8c425fc-4696-42ab-8e62-6057765aa012.md)
- Original announcement: 2026-03-31T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Aya Gold & Silver Inc. (AYA)
- Original source: [tmx](https://money.tmx.com/en/quote/AYA/news/6340568064762885/aya-gold-silver-reports-record-results-for-q4-2025-and-full-year-2025)
- Atlas sentiment: 0.748
- Atlas tags: High Recovery, Tonnage Growth, Contained Metal Growth, Category Upgrade, QP/CP Signed, NI 43-101 Compliant, Resource Update, PEA-Supporting, Open Pit Mining, Underground Mining, Grade Decline, Dilutive Growth

Aya Gold & Silver Inc. announced record financial and operational results for Q4 and full-year 2025, driven by the successful ramp-up of its Zgounder Silver Mine, which tripled consolidated silver equivalent production to 5.0 Moz. The company reported full-year revenue of $202 million and net income of $46 million, alongside significant growth in cash flow and cash equivalents. Additionally, updated resource and reserve estimates for Zgounder and Boumadine demonstrated increased contained metal and improved confidence, although Zgounder's processed grades were below guidance and cash costs were higher.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Deleterious Elements Present:** Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Growth:** Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** 100% of resource is Inferred category — very early stage, no engineering confidence.
- **Grade Decline:** Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.