Business
Avino Silver & Gold Mines Announces Q1 2019 Production Results
VANCOUVER, April 15, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") is pleased to announce its first q
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, April 15, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, \"Avino\" or \"the Company\") is pleased to announce its first quarter 2019 production results from its Avino property near Durango, Mexico. The silver equivalent production in Q1, 2019 decreased by 6% compared to Q1, 2018, primarily due to a shutdown of mill for a period of 7 days during the quarter to facilitate planned upgrades to the crushing circuit. Consolidated Production Highlights for Q1 2019 (Compared to Q1 2018) Silver equivalent production decreased by 6% to 615,019 oz* Gold production decreased by 6% to 1,813 oz Silver production decreased by 13% to 268,399 oz Copper production increased by 10% to 1,062,702 lbs *In Q1, 2019, AgEq was calculated using metals prices of $15.57 oz Ag, $1304.40 oz Au and $2.82lb Cu. In Q1, 2018, AgEq was calculated using metals prices of $16.77 oz Ag, $1,330 oz Au and $3.16 lb Cu. \"The production results this quarter are reflective of the lower grades achieved, coupled with 7 days of lost production while upgrades to the crusher were being completed at the mill. The upgrades were significant to the overall operation as they will enable us to realize more consistent throughput from the crusher during the rainy season in Mexico.\" said David Wolfin, President and CEO. \"We continue to focus on profitable ounces and a considered approach to keeping costs controlled company-wide, particularly as we are experiencing lower metal prices.\" Consolidated Production Tables Q1 2019 Production by Mine Tonnes Processed Silver Oz Gold Oz Copper Lbs AgEq Avino 100,922 112,315 1,097 958,071 379,798 San Gonzalo 17,901 70,759 187 - 86,406 Historic Above Ground Stockpiles 78,864 85,325 529 104,631 148,815 Consolidated 197,687 268,399 1,813 1,062,702 615,019 Q1 2019 Grade & Recovery by Mine Grade Ag g/t Grade Au g/t Grade Cu % Recovery Ag % Recovery Au % Recovery Cu % Avino 41 0.48 0.49 84% 71% 87% San Gonzalo 188 0.54 - 65% 61% - Historic Above Ground Stockpiles 61 0.40 0.21 55% 52% 29% Consolidated 62 0.45 0.37 71% 62% 62% The mill circuit configuration in Q1 2019 was the same as Q4 2018 where Mill Circuit 1 processed material from San Gonzalo, Mill Circuit 2 processed material from San Luis, Mill Circuit 3 processed mater...