The Canadian mining group Aya Gold & Silver continues to push its expansion in Morocco. In a press release published on August 6 by the company, it confirmed the acquisition of a strategic portfolio comprised of three mining licenses and 18 exploration permits covering a total area of approximately 259 square kilometers.
The portfolio was acquired for a total of 10 million dirhams, financed in cash and through debt assumption. The agreement also provides for contingent payments linked to future discoveries and the development of the projects, as well as a 2% royalty on revenues from any potential commercial production.
With this operation, Aya Gold & Silver takes a new step in its expansion strategy in Morocco. In 2026, the company increased its land portfolio from 732 km² to more than 991 km², a rise of 35.4%.
“This acquisition strengthens our position as a pioneer in Morocco and supports our ambition to build one of the country’s most significant exploration portfolios,” said Benoit La Salle, the group’s president and chief executive officer.
The acquired portfolio is spread across three distinct projects located in mineral belts deemed promising.
The Zagora project, the largest, covers 158.6 km² across 11 exploration permits. It shows potential for mineralization in nickel, cobalt, lead, zinc, silver and gold. Field observations, including the presence of pentlandite, galena, and sphalerite, confirm the geological interest of the area.
In Agadir-Aït Melloul, the group acquires a set of 68.5 km² consisting of three mining licenses and five permits. The site is considered promising for copper, silver and gold, but also for rare earths, in a geological context comparable to certain deposits in the Anti-Atlas.
These are three distinct projects located in mineral belts deemed promising:
– The Zagora project, the largest, covers 158.6 km² across 11 exploration permits. It presents potential for mineralizations in nickel, cobalt, lead, zinc, silver and gold. The field observations, including the presence of pentlandite, galena or sphalerite, confirm the geological interest of the area.
– In Agadir-Aït Melloul, the group takes control of a 68.5 km² area consisting of three mining licenses and five permits. The site is considered promising for copper, silver and gold, but also for rare earths, in a geological context similar to some Anti-Atlas deposits.
– Finally, the Guelmim project, covering 32 km², offers potential for mineralization in lead, silver, copper and gold, in a geological setting similar to that of the Boumadine project.
