Business
Avino Silver & Gold Mines Achieves A Quarterly Record 778,008 Oz Of Silver Equivalent Production In Q3 2022; A 20% Increase Over Q2 2022
VANCOUVER, BC, Oct. 18, 2022 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) , "Avino" or "the Company") is pleased to report
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, Oct. 18, 2022 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) , \"Avino\" or \"the Company\") is pleased to report its record third quarter 2022 production results from the Avino Mine property near Durango, Mexico. \"Our third quarter production was our strongest quarter from Avino in recent history, and results continue to exceed our expectations from the Avino Mine.\" said David Wolfin, President and CEO of Avino. \"With an unsettled market, Avino's performance is a testament to our operations team in Mexico. We continue optimizing underground mining processes, growing and training a local workforce, and practicing sound financial responsibility at the mine site and corporate level. We believe that we will have strong production growth over the next 5 years. We also believe this should correspond with strong global industrial demand for silver and other metals that will be needed for the expanding green energy revolution. Despite a current downturn in metal prices, our concentrate continues to be sold at profitable levels.\" Production Highlights – Q3 2022 (Compared to Q2 20221) Silver equivalent production increased 20% to 778,008 oz2 Silver production increased by 27% to 285,444 oz Copper production increased by 28% to 2.1 million lbs Gold production decreased by 11% to 1,201 oz Mill throughput increased by 37% to 162,169 tonnes Avino Mine Production – Three and Nine Months Ended September 30, 2022 (compared to Q2 2022 & 9M 20211) Q3 2022 Q2 20221 Change1 YTD 2022 FY 20211 Change1 162,169 118,224 37 % Total Mill Feed (dry tonnes) 391,531 165,304 137 % 59 65 -9 % Feed Grade Silver (g/t) 58 53 9 % 0.31 0.46 -33 % Feed Grade Gold (g/t) 0.35 0.84 -61 % 0.66 0.69 -4 % Feed Grade Copper (%) 0.64 0.57 12 % 92 % 91 % 1 % Recovery Silver (%) 92 % 87 % 6 % 74 % 78 % -5 % Recovery Gold (%) 76 % 75 % 1 % 89 % 92 % -3 % Recovery Copper (%) 90 % 88 % 2 % 285,444 225,537 27 % Total Silver Produced (oz) 675,339 245,372 175 % 1,201 1,350 -11 % Total Gold Produced (oz) 3,352 3,386 -1 % 2,101,635 1,644,342 28 % Total Copper Produced (Lbs) 4,963,327 1,869,306 166 % 778,008 649,569 20 % Total Silver Equivalent Prod...