Business
Avino Silver & Gold Mines Announces Q2 2023 Production Results
VANCOUVER, BC, July 20, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company") achieved production re
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, July 20, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) (\"Avino\" or \"the Company\") achieved production results of 587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8 million silver equivalent ounces from the Avino Mine. Production Highlights – Q2 2023 (Compared to Q2 2022) Silver equivalent production decreased 10% to 587,317 oz Silver production increased 3% to 232,417 oz Copper production decreased 12% to 1.45 million lbs Gold production increased 13% to 1,520 oz Mill throughput increased by 33% to 157,371 tonnes Avino Mine Production – Three and Six Months Ended June 30, 2023 Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change 157,371 118,224 33 % Total Mill Feed (dry tonnes) 311,119 229,362 39 % 53 65 -19 % Feed Grade Silver (g/t) 52 58 -10 % 0.44 0.46 -3 % Feed Grade Gold (g/t) 0.51 0.38 36 % 0.49 0.69 -28 % Feed Grade Copper (%) 0.48 0.63 -23 % 87 % 91 % -5 % Recovery Silver (%) 88 % 91 % -4 % 68 % 78 % -13 % Recovery Gold (%) 73 % 77 % -6 % 84 % 92 % -8 % Recovery Copper (%) 84 % 90 % -7 % 232,417 225,537 3 % Total Silver Produced (oz) 466,755 389,895 20 % 1,520 1,350 13 % Total Gold Produced (oz) 3,805 2,151 77 % 1,445,552 1,644,342 -12 % Total Copper Produced (Lbs) 2,843,189 2,861,691 -1 % 587,317 649,569 -10 % Total Silver Equivalent Produced (oz)1 1,265,564 1,107,367 14 % \"The Avino Mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower grade areas and certain mill equipment delivery delays, which are now behind us,\" said David Wolfin, President and CEO of Avino. \"These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below Level 17 released earlier this month which further demonstrates that the Avino Mine continues to get better as we explore at depth. Finally, we remain focused on the executi...