Business
Avino Silver & Gold Mines Delivers Steady Production In Q1 2023
VANCOUVER, BC, April 18, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) ("Avino" or "the Company") reports another quarter of str
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, April 18, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) (\"Avino\" or \"the Company\") reports another quarter of strong production results of 678,247 silver equivalent ounces, bringing the 12-month trailing total to 2.9 million silver equivalent ounces from the Avino Mine. Production Highlights – Q1 2023 (Compared to Q1 2022) Silver equivalent production increased 48% to 678,247 oz Silver production increased 43% to 234,338 oz Copper production increased 15% to 1.4 million lbs Gold production increased 185% to 2,286 oz Mill throughput increased by 44% to 159,757 tonnes, a further increase of 5% from Q4 2022 Avino Mine Production – Q1 2023 compared to Q1 2022 Q1 2023 Q1 2022 Change Total Mill Feed (dry tonnes) 159,757 111,138 44 % Feed Grade Silver (g/t) 51 50 2 % Feed Grade Gold (g/t) 0.58 0.29 100 % Feed Grade Copper (%) 0.47 0.56 -16 % Recovery Silver (%) 89 % 92 % -3 % Recovery Gold (%) 77 % 77 % - % Recovery Copper (%) 84 % 89 % -5 % Total Silver Produced (oz) 234,338 164,358 43 % Total Gold Produced (oz) 2,286 801 185 % Total Copper Produced (Lbs) 1,397,637 1,217,349 15 % Total Silver Equivalent Produced (oz)1 678,247 457,798 48 % \"The Avino Mine continued to provide consistent results in the first quarter of 2023, building on our successful 2022 production results,\" said David Wolfin, President and CEO of Avino. \"Our twelve-month trailing production of 2.9 million ounces reflects the tremendous achievements of our operations team in ensuring that Avino continues to meet and exceed our expectations. In addition, we continue to focus on executing our 5-year growth strategy to align with our goal of becoming an intermediate producer.\" 2023 First Quarter Highlights Production at Avino Continues to Deliver: Silver equivalent production of 678,247 ounces is another consistent quarter and represents a 48% increase from Q1 2023. Production decreased when compared to Q3 and Q4 2022, primarily due to ore mining in a lower grade zone of the Avino Mine. Updated Mineral Resource Estimate (\"MRE\") including Integration of La Preciosa MRE and Inaugural MREs on the Guadalupe and La Potosina deposits: Together, Avino's consolidated mineral resources total 368 million silver equivale...