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Avino Announces Q2 2018 Production Results

by pmnationtalk on July 19, 201870 Views

July 18, 2018

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, “Avino” or “the Company”) is pleased to announce its second quarter, 2018 production results from its Avino property near Durango, Mexico.

Silver equivalent production in Q2, 2018 increased by 6% compared to Q2, 2017 due to extra production from the commissioning of Mill Circuit 4. Copper production in Q2, 2018 increased by 31% compared to Q2, 2017, and silver and gold production decreased by 16% and 11%, respectively; the latter are due to lower silver and gold feed grades from the Avino and San Gonzalo mines.

Consolidated Production Highlights for Second Quarter, 2018 (Compared to Second Quarter, 2017)

  • Silver equivalent production increased by 6% to 738,853 oz*
  • Gold production decreased by 11% to 1,734 oz
  • Silver production decreased by 16% to 323,014 oz
  • Copper production increased by 31% to 1,480,830 lbs

*For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $16.53 oz Ag, $1,307 oz Au and $3.12 Lb Cu.  Mill production figures have not been reconciled and are subject to adjustment with concentrate sales.  Calculated figures may not add up due to rounding.

“We are pleased with our second quarter production results, our silver equivalent production increased by 6%, because our copper production increased by 31%.” said David Wolfin, President and CEO. “We will continue to process historic stockpile material through Mill Circuit 4 until the end of the year, and then we anticipate transitioning to processing newly-mined mill feed from the San Luis area of the Avino Mine.”

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