Zgounder expansion later?In the report on the second quarter you can no longer read anything about the expansion of production at zgounder. The expansion to around 4,7m oz per year was a success.
For Boumadine, the start of the production of 1500t per day was panned for June 2021. This would be a fantastic project, especially given the current gold price.
It`s strange that Maya had to do without a CFO for over 15 months.
I hope that the increase in production from 500t to 700t pd in the second quarter will be reflected in positive numbers.
A new presentation on the website with updated figures and forecasts in the coming weeks would be helpful for the shareholders.
With a positive outlook, the shares would have considerable catching up to do compared to the other silver stocks.