Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) achieved production results of 587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8 million silver equivalent ounces from the Avino Mine.
Production Highlights – Q2 2023 (Compared to Q2 2022)
Avino Mine Production – Three and Six Months Ended June 30, 2023
|157,371||118,224||33 %||Total Mill Feed (dry tonnes)||311,119||229,362||39 %|
|53||65||-19 %||Feed Grade Silver (g/t)||52||58||-10 %|
|0.44||0.46||-3 %||Feed Grade Gold (g/t)||0.51||0.38||36 %|
|0.49||0.69||-28 %||Feed Grade Copper (%)||0.48||0.63||-23 %|
|87 %||91 %||-5 %||Recovery Silver (%)||88 %||91 %||-4 %|
|68 %||78 %||-13 %||Recovery Gold (%)||73 %||77 %||-6 %|
|84 %||92 %||-8 %||Recovery Copper (%)||84 %||90 %||-7 %|
|232,417||225,537||3 %||Total Silver Produced (oz)||466,755||389,895||20 %|
|1,520||1,350||13 %||Total Gold Produced (oz)||3,805||2,151||77 %|
|1,445,552||1,644,342||-12 %||Total Copper Produced (Lbs)||2,843,189||2,861,691||-1 %|
|587,317||649,569||-10 %||Total Silver Equivalent Produced (oz)1||1,265,564||1,107,367||14 %|
“The Avino Mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower grade areas and certain mill equipment delivery delays, which are now behind us,” said David Wolfin, President and CEO of Avino. “These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below Level 17 released earlier this month which further demonstrates that the Avino Mine continues to get better as we explore at depth. Finally, we remain focused on the execution of our 5-year growth plan.”
2023 Second Quarter Highlights
Quality Assurance/Quality Control
Mill assays are performed at the Avino property’s on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.
Peter Latta, P. Eng, MBA, Avino’s VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this news release.
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company’s mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino Property and the strategic acquisition of the La Preciosa property. Avino currently controls mineral resources, as per NI 43-101, that total 368 million silver equivalent ounces, within our district-scale land package. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate.
West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQX: WRLGF) is ple... READ MORE
Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased... READ MORE
SSR Mining Inc. (TSX: SSRM) (NASDAQ:SSRM) (ASX: SSR) announced to... READ MORE
Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE
Giyani Metals Corp. (TSX-V:EMM) (GR:A2DUU8) developer of the K.Hill batt... READ MORE