Maya GOLD & Silver Achieves Commercial Production at Zgounder
PRESS RELEASE
MAYA GOLD & SILVER ACHIEVES COMMERCIAL PRODUCTION AT ZGOUNDER
January 9, 2018 (Montréal, Québec) Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX: MYA) is
pleased to inform its shareholders it has reached an important milestone with the installation of a 3-‐fold
effect milling capacity and output at its Zgounder silver mine. The commissioning and testing phase of its 500
ton per day (tpd) flotation mill has been completed and the company is proud to announce that it is in
commercial production as of January 1st 2019.
During a 28-‐day period, a total of 4622 tonnes of low-‐grade ore with an average silver grade of 157 g/t was
processed. The overall silver recovery with flotation followed by cyanidation of the flotation concentrate
reached 80.3% (including in the system silver metal balance) which is better than expected for the testing
phase. The flotation mill produced 321 tonnes of concentrate at a grade of 1861 g/t Ag for a 7 % weight
recovery.
As of January 2019, the mill will start processing higher grade ore in order to optimize and maximize
commercial production.
Nourreddine MOKADDEM, Founder, President & CEO said, “Achieving commercial production at Zgounder,
Maya’s flagship project marks another major milestone as we continue to deliver growth and value for
shareholders. Our team’s execution capabilities delivered the mine on schedule and in line with our
expectations. As demonstrated by its very low cash cost of below $ 6.37/oz, the Zgounder silver mine is
expected to immediately start contributing to Maya’s free cash flow.”
Click here to watch a video* of the Flotation Plant in operation.
(*This video has been compiled from surveillance videos)
ABOUT MAYA
Maya Gold & Silver Inc. is a publicly-‐traded Canadian company focused on the operation, exploration and
development of gold and silver deposits in Morocco. Maya is currently operating mining and milling
operations at its Zgounder Mine, an 85%-‐15% split ownership between its subsidiary, ZMSM, and the
ONHYM of the Kingdom of Morocco.
Its portfolio also considers the Boumadine polymetallic deposit located in the Anti-‐Atlas Mountains of
Eastern Morocco. The property is a joint venture with ONHYM whereby Maya retains an 85% ownership.
Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being 100%
owned, with gold, tungsten, molybdenum and copper deposits covering over 100 square kilometres in a
historical mining district
Forward-‐looking statements
This news release contains statements about future events or future performance and reflects management’s
current expectations and assumptions. These are "forward-‐looking" because we have used what we know and
expect today to make a statement about the future. Forward-‐looking statements usually include words such as
may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected
in these forward-‐looking statements are reasonable. However, actual events and results could be substantially
different because of the risks and uncertainties associated with our business or events that happen after the
date of this news release. You should not place undue reliance on forward-‐looking statements. As a general
policy, we do not update forward-‐looking statements except as required by securities laws and regulations. All
of the forward-‐looking statements made in this press release are qualified by these cautionary statements and
by those made in the Corporation’s filings with SEDAR.
On behalf of the Board:
Noureddine Mokaddem
Founder, President & CEO
+1 514-‐978-‐6111/+212 661-‐196-‐111
CONTACT INFORMATION
Maya Gold & Silver Inc.:
Sophy Cesar
Investor Relations
1-‐514-‐866-‐2008
www.mayagoldsilver.com