Business
Avino Silver & Gold Mines Achieves Strong Production in Q1 2024
VANCOUVER, BC / ACCESSWIRE / April 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) a long-standing silver producer in Mexico,
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / April 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) a long-standing silver producer in Mexico, reports a strong first quarter start to the year with 629,302 silver equivalent ounces being produced. Production Highlights - Q1 2024 (compared to Q4 2023) Silver equivalent production increased 13% to 629,302 oz Silver production increased 12% to 250,642 oz Copper production increased 2% to 1.35 million lbs Gold production increased 22% to 1,778 oz Mill throughput increased 18% to 169,595 tonnes Avino Mine Production - Quarterly Tables Q1 2024 Q1 2023 Change Q1 2024 Q4 2023 Change 169,595 159,757 6% Total Mill Feed (dry tonnes) 169,595 143,798 18% 52 51 2% Feed Grade Silver (g/t) 52 56 -7% 0.47 0.58 -19% Feed Grade Gold (g/t) 0.47 0.45 4% 0.43 0.47 -9% Feed Grade Copper (%) 0.43 0.49 -12% 88% 89% -1% Recovery Silver (%) 88% 87% 1% 70% 77% -9% Recovery Gold (%) 70% 70% -% 84% 84% -% Recovery Copper (%) 84% 84% -% 250,642 234,338 7% Total Silver Produced (oz) 250,642 224,723 12% 1,778 2,286 -22% Total Gold Produced (oz) 1,778 1,452 22% 1,347,110 1,397,637 -4% Total Copper Produced (lbs) 1,347,110 1,317,793 2% 629,302 678,247 -7% Total Silver Equivalent Produced (oz) 1 629,302 558,460 13% \"2024 is off to a solid start with quarterly production of 629,302 ounces, tracking our production target for the year. With noted improvement to mill throughput of 18% in the quarter compared to Q4 2023, the operations team was instrumental in achieving an overall silver equivalent production increase of 13%. We have started milling an old stockpile from La Preciosa for metallurgical compatibility testing.\" said David Wolfin, President and CEO of Avino. \"We also look forward to receiving approval of the environmental permits for La Preciosa and being able to commence construction of the portal, haulage ramp, leading to mining of the Gloria and Abundancia veins. La Preciosa factors prominently into our 5-year growth plan and will deliver economic growth and benefit to the local communities in Durango. With the recent move up in silver price, the outlook for Avino looks more robust.\" 2024 First Quarter Highlights Production In line with Expectations: Silver equivalent production of 629,302 ounces is within our guidance range and the Company remains on tr...