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/C O R R E C T I O N from Source -- Avino Silver & Gold Mines Ltd./

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PR Newswire

In the news release, ­­Avino Announces Q4 and Full Year 2018 Production Results, issued 17-Jan-2019 by Avino Silver & Gold Mines Ltd. over Cision, we are advised by the company that this press release corrects and replaces certain typographical errors. The complete, corrected release follows:

Avino Announces Q4 and Full Year 2018 Production Results

VANCOUVER, Jan. 17, 2019 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") is pleased to announce its fourth quarter and full year 2018 production results from its Avino property near Durango, Mexico.

Consolidated Production Highlights for 2018 (Compared to 2017)

  • Silver equivalent production increased by 6% to 2,863,753 oz*
  • Gold production increased by 2% to 8,092 oz
  • Silver production decreased by 8% to 1,286,382 oz
  • Copper production increased by 10% to 4,819,022 lbs

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

  • Silver equivalent production increased by 13% to720,187 oz*
  • Gold production increased by 34% to 1,973 oz
  • Silver production decreased by 10% to 288,600 oz
  • Copper production increased by 24% to 1,375,758 lbs

*

In 2018, AgEq was calculated using metals prices of $15.71 oz Ag, $1,270 oz Au and $2.96 lb Cu. In 2017, AgEq was calculated
using metals prices of $17.05 oz Ag, $1,258 oz Au and $2.80 lb Cu



*


ARIVA.DE Börsen-Geflüster

Kurse

In Q4, 2018, AgEq was calculated using metals prices of $14.55 oz Ag, $1,229 oz Au and $2.80 Cu. In Q4, 2017, AgEq was calculated
using metals prices of $16.70 oz Ag, $1,276 Au and $3.09 Cu.

 

"We had another year of consistent production at the Avino property, producing 2,863,753 silver equivalent ounces, which was in line with our internal projections." said David Wolfin, President and CEO. "The completion of Mill Circuit 4 contributed to an increase of 6% in silver equivalent ounce production over 2017, and also helped offset decreasing grades at the San Gonzalo Mine which is nearing the end of its mine life. The underground development at San Luis was temporarily reduced to save costs in the third and fourth quarters of 2018, therefore we are positioned to increase the throughput and the rate of development of the San Luis area during the latter part of 2019. We expect 2019 production to be similar to 2018. We continue to be mindful of costs Company-wide and are taking a pragmatic approach to expanding our operations.  Finally, I wish to thank the operations team in Mexico for all their hard work and dedication."

Consolidated Production Tables

2018

Production by Mine

Tonnes
Processed

Silver
Oz

Gold
Oz

Copper
Lbs

AgEq

Avino

426,794

614,361

4,625

4,546,952

1,847,303

San Gonzalo

79,140

456,709

2,070

-

635,684

Historic Above Ground Stockpiles

202,830

215,312

1,397

272,070

380,766

Consolidated

708,764

1,286,382

8,092

4,819,022

2,863,753

2018

Grade & Recovery by Mine

Tonnes
Processed

Grade
Ag g/t

Grade
Au g/t

Grade
Cu %

Recovery
Ag %

Recovery
Au %

Recovery
Cu %

Avino

426,794

53

0.49

0.55

84%

69%

87%

San Gonzalo

79,140

222

1.03

-

77%

75%

-

Historic Above Ground Stockpiles

202,830

58

0.41

0.16

57%

52%

38%

Consolidated

708,764

73

0.53

0.43

76%

65%

72%

Q4 2018

Production by Mine

Tonnes
Processed

Silver
Oz

Gold
Oz

Copper
Lbs

AgEq

Avino

101,104

132,092

1,078

1,256,347

465,139

San Gonzalo

19,437

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