Business
Avino Silver Beats Yearly Silver Equivalent Production Estimate With Over 2.6 Million Ozs In 2022 - An Increase Of 215% Over 2021
VANCOUVER, BC, Jan. 17, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) ("Avino" or "the Company") is pleased to report full year
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, Jan. 17, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) (\"Avino\" or \"the Company\") is pleased to report full year 2022 production results of 2,655,502 silver equivalent ounces. Fourth quarter production totaled 770,127 silver equivalent ounces which outperformed expectations. Production Highlights – Q4 2022 (Compared to Q4 2021) Silver equivalent production increased 42% to 770,127 oz2 Silver production increased by 89% to 309,856 oz Copper production increased by 37% to 1.5 million lbs Gold production increased by 12% to 2,426 oz Mill throughput increased by 45% to 150,292 tonnes Avino Mine Production – Three Months and Full Year Ended December 31, 2022 compared to Q4 2021 & 2021 Q4 2022 Q4 2021 Change 2022 20211 Change 150,292 103,513 45 % Total Mill Feed (dry tonnes) 541,823 165,304 228 % 70 56 26 % Feed Grade Silver (g/t) 62 53 16 % 0.62 0.86 -28 % Feed Grade Gold (g/t) 0.42 0.84 -50 % 0.53 0.55 -4 % Feed Grade Copper (%) 0.61 0.57 7 % 92 % 89 % 3 % Recovery Silver (%) 92 % 87 % 6 % 81 % 75 % 8 % Recovery Gold (%) 78 % 75 % 4 % 88 % 90 % -2 % Recovery Copper (%) 89 % 88 % 1 % 309,856 163,933 89 % Total Silver Produced (oz) 985,195 245,372 302 % 2,426 2,158 12 % Total Gold Produced (oz) 5,778 3,386 71 % 1,540,851 1,128,728 37 % Total Copper Produced (Lbs) 6,504,177 1,869,306 248 % 770,127 541,432 42 % Total Silver Equivalent Produced (oz)2 2,655,502 842,373 215 % \"The Avino Mine continued to outperform in the final quarter of 2022, building on our record third quarter production results,\" said David Wolfin, President and CEO of Avino. \"We had an internal production estimate between 2.2 and 2.4 million silver equivalent ounces, and we beat the high end of that by over 250,000 silver equivalent ounces. This steady production reflects the quality of the Avino Mine asset as well as the mine site team's ability to continually improve operations. We continue optimizing underground mining processes, growing and training a local workforce, and practicing sound financial responsibility at the mine site and at the corporate level. The dry-stack tailings facility has been completed along with the start...