Aya Gold and Silver (TSX: AYA) has closed a bought deal financing of C$70 million ($55.3m), selling a total of 6.8 million shares at a price of C$10.25 each. The funds will go primarily toward a feasibility study for an expansion of its Zgounder silver mine in Morocco. Aya is advancing an expansion feasibility study to boost production to 5 million oz. silver annually from the current rate of 1.2 million oz. The plan involves increasing the mining and milling rates to 2,700 t/d from 700 t/d. The study is due out by the end of the year.The company has recently been granted five new exploration permits within the ... (full story)