PR Newswire
VANCOUVER, April 13, 2017
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)
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
Comparative production results from the first quarter 2017 and the first quarter 2016 are presented below:
| Q1 | Q1 | % |
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 Werbung Mehr Nachrichten zur Avino Silver & Gold Mines Aktie kostenlos abonnieren
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