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Donnerstag, 13.04.2017 14:05 von | Aufrufe: 86

Avino Announces Q1 2017 Production Results

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PR Newswire

NYSE-MKT: ASM
TSX-V: ASM
FSE: GV6

VANCOUVER, April 13, 2017 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; "Avino" or the "Company") announces first quarter 2017 production results from its Avino property near Durango, Mexico.

Consolidated Production Highlights for First Quarter 2017 (Compared to First Quarter 2016)

  • Silver equivalent decreased by 16% to 604,643 oz*
  • Gold production increased by 23% to 1,837 oz
  • Silver production decreased by 21% to 320,082 oz
  • Copper production decreased by 24% to 1,024,853 lbs

For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $17.42 oz Ag, $1,220 oz Au and $2.65 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 have experienced lower production and development numbers this quarter compared to the first quarter of last year, with the exception of gold production, which has increased by 23%. While the results are lower mainly due to lower grade material, we are still looking to achieve another solid year.  We anticipate that the grades will improve for the balance of the year as we enter a new high grade zone at San Gonzalo which is currently being developed, and should allow the yearly production levels to be consistent with the Company's internal expectations. In 2017, our objectives are to continue working towards our growth strategy which includes the plant and mine expansion to increase throughput capacity at the processing plant by an estimated 70%.  We also remain focused on the optimization of the mill and plant with full automation to improve efficiencies and potentially increase recovery rates."

David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

Consolidated First Quarter 2017 Production Highlights


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Comparative production results from the first quarter 2017 and the first quarter 2016 are presented below:


Q1
2017

Q1
2016

%
Change

Total Silver Eq. Produced (oz) calculated*

604,643

715,933

-16%

Total Gold Produced (oz) calculated

1,837

1,497

23%

Total Silver Produced (oz) calculated

320,082

403,447

-21%

Total Copper Produced (Lbs) calculated

1,024,853

1,350,912

-24%

For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $17.42 oz Ag, $1,220 oz Au and $2.65 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.

Avino Mine First Quarter 2017 Production Results

Comparative figures for the first quarter 2017 and the first quarter 2016 for the Avino Mine are as follows; production figures for the first quarter 2017 include production from Mill Circuit 2 and Mill Circuit 3:


Q1

2017

Q1

2016

Quarterly

Change
%

Notes

Tonnes Mined

102,005

99,199

3%

1

Underground Advancement (m)

646

1,143

-43%

1

Mill Availability (%)

98%

97%

1%


Total Mill Feed (dry tonnes)

116,553

119,515

-2%


Feed Grade Silver (g/t)

61

68

-10%

1

Feed Grade Gold (g/t)

0.50

0.27

83%

1

Feed Grade Copper (%)

0.44

0.58

-24%

1

Recovery Silver (%)

86.11

87%

-1%

2

Recovery Gold (%)

67.44

67%

1%

2

Recovery Copper (%)

90.87

89%

2%

2

Copper Concentrate (dry tonnes)

2,396

2,712

-12%

3

Copper Concentrate Grade Silver (kg/t)

2.54

2.60

-4%

4

Copper Concentrate Grade Gold (g/t)

16.25

7.87

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