After a resource estimate conducted by the Canadian Maya Gold & Silver Incorporation, specializing in mining, a report indicates that the mine would be usable over a period of 10 years and would generate 1.7 billion DH.
The company reached an agreement with the Moroccan National Office of Hydrocarbons and Mines in September 2011, giving the company 85% stake in the mine; while the Moroccan government will receive 15% of what will be generated by the mine operations.
According to the CEO of Maya, the project profitability will be improved, as indicated in a new study that would be published by the end of March.
This mine had been exploited in the 80s and then abandoned after the silver price fall then. The kingdom has decided to resume its operations in 2011.
