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Avino announces Q3 2017 production results
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PR Newswire
VANCOUVER, Oct. 16, 2017
NYSE-MKT: ASM
TSX-V: ASM
FSE: GV6
VANCOUVER, Oct. 16, 2017 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-American: ASM; TSX.V: ASM; "Avino" or the "Company") announces third quarter 2017 production results from its Avino property near Durango, Mexico.
Consolidated Production Highlights for Third Quarter 2017 (Compared to Third Quarter 2016)
- Silver equivalent production increased by 17% to 760,756 oz*
- Gold production increased by 47% to 2,673 oz
- Silver production decreased by 10% to 368,456 oz
- Copper production increased by 6% to 1,106,305 lbs
* For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $17.45 oz Ag, $1,316 oz Au and $2.99 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 to report a strong quarter and that we are on pace to reach our budgeted production targets for 2017.
Our expansion is on schedule and I'd like to thank our hard-working staff, both in Mexico and Canada, for their efforts."
David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Consolidated Third Quarter 2017 Production Highlights
Comparative production results from the third quarter 2017 and the third quarter 2016 are presented below:
| | Q3 | Q3 | % |
| Total Silver Eq. Produced (oz) calculated* | 760,756 | 649,831 | 17% |
| Total Gold Produced (oz) calculated | 2,673 | 1,813 | 47% |
| Total Silver Produced (oz) calculated | 368,456 | 410,908 | -10% |
| Total Copper Produced (Lbs) calculated | 1,106,305 | 1,045,091 | 6% |
* For comparison purposes, the silver equivalent ratio for Q3 2017 has been calculated using metal prices of $17.45 oz Ag, $1,316 oz Au and $2.99 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 Third Quarter 2017 Production Results
Comparative figures for the third quarter 2017 and the third quarter 2016 for the Avino Mine are as follows; production figures for the third quarter 2017 include production from Mill Circuit 2 and Mill Circuit 3:
| | Q3 2017 | Q3 2016 | Quarterly Change | 2017 YTD | Notes |
| Tonnes Mined | 119,317 | 116,154 | 3% | 351,239 | 1 |
| Underground Advancement (m) | 832 | 866 | -4% | 2,250 | 1 |
| Mill Availability (%) | 98 | 96 | 2% | 97 | |
| Total Mill Feed (dry tonnes) | 117,862 | 111,042 | 6% | 351,802 | 2 |
| Feed Grade Silver (g/t) | 66 | 71 | -6% | 68 | 4 |
| Feed Grade Gold (g/t) | 0.70 | 0.47 | 49% | 0.58 | 4,5,6 |
| Feed Grade Copper (%) | 0.48 | 0.48 | 0% | 0.47 | 4 |
| Recovery Silver (%) | 85% | 85% | 0% | 85% | 5 |
| Recovery Gold (%) | 70% | 58% | 21% | 69% | 5,6 |
| Recovery Copper (%) | 88% | 89% | -1% Werbung Mehr Nachrichten zur Avino Silver & Gold Mines Aktie kostenlos abonnieren
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