Avino Reports Oxide Tailings Project Prefeasibility Study With After-Tax NPV of US$61 Million and 26% IRR

About this update from Avino Silver & Gold Mines Ltd.

[{"type":"text","content":"Avino Reports Oxide Tailings Project Prefeasibility Study With After-Tax NPV of US$61 Million and 26% IRRVANCOUVER, BC / ACCESSWIRE / February 5, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) is pleased to report the results of the Preliminary Feasibility Study (the \"PFS\") prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects (\"NI 43-101\") for its Oxide Tailings Project (the \"OTP\" or the \"Project\") at the Company's Avino Mine Operations located near Durango in west-central Mexico (the \"Property\"). The work that was completed as the basis for the PFS was managed by Tetra Tech Canada Inc. of Vancouver, BC.Highlights include:NPV US$98 million (pre-tax) and US$61 million (post-tax) at a 5% discount rate.IRR 35% (pre-tax) and 26% (post-tax).Payback Period 2.9 years (pre-tax) and 3.5 years (post-tax).Initial Capital Cost: US$49.1 million, including a complete on-site tailing leaching plant for silver and gold extraction and a contingency provision in the amount of US$5.3 million. The ongoing sustaining capital cost is US$5.1 million.LOM Average Production Unit Cost: On-site Operating Costs (OOC) and All-In Sustaining Cost (AISC) of US$9.71 and US $10.23 per tr oz silver equivalent, respectively.Proven and probable mineral reserves of 6.70 Million tonnes at a silver and gold grade of 55 g/t and 0.47 g/t respectively.Nominal Processing Rate over a 9-year LOM: 2,250 tonnes per day or 821,250 tonnes per year, with a 92% plant availability.Metal Recoveries: 77.2% Ag and 74.9% Au.Doré Production: Total 9,073,000 oz Ag and 76,000 oz Au, life-of-project (averaging 1,008,000 oz Ag and 8,445 oz Au per year).Direct Employment: 121 employees, with additional job positions related to indirect employment and contracted services.Ease of Construction and Operation: The Project is located within the existing Avino Mine operations. Site infrastructure such as power, water, and road network are well established.Elimination of risks associated with the conventional tailings design: A secondary Dry Stack Tailings Management Facility will comprise dewatered tailings being stored in a geotechnically stable impoundment.Elimination of risks associated with the heap leach design, which is replaced with a conventional tank leach design with a compact footprint. The...

More updates from Avino Silver & Gold Mines Ltd.