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Avino Declares Commercial Production at its Second Mine on the Avino Property in Mexico
Avino Declares Commercial Production at its Second Mine on the Avino Property in Mexico ...
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nAvino Declares Commercial Production at its Second Mine on the Avino Property in Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nAvino Declares Commercial Production at its Second Mine on the Avino Property in Mexico\nCanada NewsWire\nVANCOUVER, June 6, 2016\n\n\n\nNYSE - MKT: ASMTSX-V: ASMFSE: GV6\n\n\n\nVANCOUVER, June 6, 2016 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE - MKT; \"Avino\" or \"the Company\") is pleased to announce that commercial production at the Avino 'ET' Mine on the Avino Property in Durango, Mexico has been declared effective April 1, 2016. \n\n\"I am pleased to announce that Avino has declared commercial production at its second, and largest mine on the Avino property. We have continued to build our first class mining operation over the last 19 months and declaring commercial production at the Avino Mine marks the achievement of another milestone for the Company. We are fortunate to have a strong and dedicated team of professionals who have been instrumental in making the transition to commercial production; I personally thank them for their significant contributions. \n\nThe mining sector has seen its share of global challenges, however, Avino has continued to advance and expand its projects during this difficult period by keeping its production and overhead costs low and staying focussed on its key objectives. Avino believes this declaration of commercial production will not only improve our financial performance, but will demonstrate to our shareholders that we continue to build value while we expand our operations and execute our long term objectives.  \n\nThe Company's Management team has carefully analyzed the technical and financial results of the Avino Mine during the advancement and test period and concluded the results are consistent with expectations. \n\nGoing forward, our Consolidated Financial Statements will reflect the revenues and related production costs from the Avino Mine, and therefore, we will no longer capitalize transactions related to production mining...