Avino November Production Report
December 09 2013 - 9:44AM
Marketwired
Avino November Production Report
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) - Avino
Silver and Gold Mines Ltd.
(TSX-VENTURE:ASM)(NYSEMKT:ASM)(FRANKFURT:GV6) ("Avino" or "the
Company") is pleased to announce the November 2013 production
results from its San Gonzalo mine and Avino Mine surface stockpile
operations located on the Avino property near Durango, Mexico.
November production from the San Gonzalo Mine and Avino Mine
surface stockpiles are presented below along with a comparison with
October output from both areas:
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Days of Operation |
Total Mill Feed (metric tonnes) |
Feed Grade Silver (g/t) |
Feed Grade Gold (g/t) |
Recovery Silver (%) |
Recovery Gold (%) |
Total Silver Produced (oz) Calculated |
Total Gold Produced (oz) Calculated |
Total November Silver Eq. Produced (oz) Calculated |
Total October Silver Eq. Produced (oz) Calculated |
% Change |
YTD Silver Eq. Produced Calculated |
San Gonzalo (Circuit 1) |
29 |
6,602 |
290 |
1.54 |
85 |
76 |
52,284 |
249 |
68,492 |
58,279 |
17.5 |
685,629 |
Historic Above Ground Stock Piles (Circuit 2) |
29 |
6,491 |
90 |
0.87 |
68 |
56 |
12,826 |
101 |
19,418 |
21,242 |
(8.6) |
126,509 |
|
13,093 |
|
65,110 |
350 |
87,910 |
79,521 |
10.5 |
812,138 |
Silver equivalent was calculated using
a 65:1 ratio for silver to gold. Mill production figures have not
been reconciled and are subject to adjustment with concentrate
sales. Year-to-date and calculated figures may not add up due to
rounding. |
"We are pleased to report another record month of production
between our two operations. Increased production along with our
decreasing costs will put Avino in a strong position for 2014. We
continue to apply our earnings towards our expansion which is
progressing as planned."
- David Wolfin, President, CEO & Director, Avino
Silver & Gold Mines Ltd.
San Gonzalo
Comparative production numbers from November and October 2013 at
San Gonzalo, as well as 2013 yearly totals are reported as
follows:
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Nov 2013 |
Oct 2013 |
Monthly Change % |
YTD SG |
Total Mill Feed (dry tonnes) |
6,602 |
6,468 |
2.1 |
72,131 |
Average Daily Throughput (tpd) |
228 |
216 |
5.6 |
224 |
Days of Operation |
29 |
30 |
(3.3) |
322 |
Feed Grade Silver (g/t) |
290 |
264 |
9.8 |
288 |
Feed Grade Gold (g/t) |
1.54 |
1.22 |
26.2 |
1.31 |
Bulk Concentrate (dry tonnes) |
202 |
202 |
0 |
2,219 |
Bulk Concentrate Grade Silver (kg/t) |
8.04 |
7.15 |
12.4 |
7.76 |
Bulk Concentrate Grade Gold (g/t) |
38.3 |
28.0 |
36.8 |
31.0 |
Recovery Silver (%) |
85 |
85 |
0 |
83 |
Recovery Gold (%) |
76 |
72 |
5.6 |
73 |
Mill Availability (%) |
97.7 |
94.6 |
3.3 |
95.8 |
Total Silver Produced (kg) |
1,626 |
1,445 |
12.5 |
17,214 |
Total Gold Produced (g) |
7,756 |
5,661 |
37.0 |
68.746 |
Total Silver Produced (oz) calculated |
52,284 |
46,448 |
12.5 |
553,450 |
Total Gold Produced (oz) calculated |
249 |
182 |
37.0 |
2,210 |
Total Silver Equivalent Produced (oz) |
68,492 |
58,279 |
17.5 |
685,629 |
Silver equivalent was calculated using a 65:1 ratio for
silver to gold, Mill production figures have not been reconciled
and are subject to adjustment with concentrate sales. Year-to-date
and calculated figures may not add up due to rounding. |
November Highlights
- Tonnes processed in November were higher by 2.1% even though
there was one less operating day. The improvement was due to the
higher mill availability change of 3.3%.
- Both silver and gold production was up in November by 12.5% and
37.0% respectively.
- Production improvement was due to the higher feed grades,
specifically gold where the increase was 26.2% over October.
- Gold recovery was also improved by 5.6%, silver recovery was
stable at 85%
- Concentrate grades of silver and gold also improved compared to
October by 12.4% and 36.8% respectively.
Circuit 2 - Avino Mine Stock Piles
Comparative production numbers from November and October 2013
from the Avino Mine stock pile operation, as well as 2013 yearly
totals are reported as follows:
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Nov 2013 |
Oct 2013 |
% Change |
YTD 2013 |
Total mill feed - (dry tonnes) |
6,491 |
6,671 |
(2.7) |
47,722 |
Days of Operation |
29 |
30 |
(3.3) |
224 |
Feed grade Silver - g/t |
90 |
96 |
(6.3) |
85 |
Feed grade Gold - g/t |
0.87 |
1.20 |
(27.5) |
0.85 |
Bulk concentrate - (dry tonnes) |
73 |
94 |
(22.3) |
577 |
Bulk Concentrate Grade Silver (kg/t) |
5.490 |
4.181 |
31.3 |
4.531 |
Bulk Concentrate Grade Gold (g/t) |
43.41 |
43.88 |
(1.1) |
36.97 |
Recovery Silver (%) |
68 |
61 |
11.5 |
65 |
Recovery Gold (%) |
56 |
51 |
9.8 |
53 |
Mill availability (%) |
95.1 |
93.9 |
1.3 |
90.9 |
Total Silver Produced (oz) calculated |
12,826 |
12,628 |
1.6 |
84,052 |
Total Gold Produced (oz) calculated |
101 |
133 |
(24.1) |
686 |
Total Silver Eq. Produced (oz) calculated |
19,418 |
21,242 |
(8.6) |
126,509 |
Silver equivalent was calculated using
a 65:1 ratio for silver to gold, Mill production figures have not
been reconciled and are subject to adjustment with concentrate
sales. Year-to-date and calculated figures may not add up due to
rounding. |
November Highlights
- Tonnage processed in November was lower due to one less
operating day.
- Gold production was down due to the lower feed grade.
- Silver feed grade was lower but a higher silver recovery was
achieved resulting in little or no change to silver
production.
- The silver grade in the concentrate also improved by 31.3%
"Our efforts at continuous improvement and optimization of
the operations have resulted in achieving positive results during
this period of low metal prices. It is a tribute to the operational
team we have and we will continue to strive for optimum returns for
the benefit of our shareholders"
- Jasman Yee Director, Avino Silver & Gold Mines
Ltd.
Quality Assurance/Quality Control
Mill assays are performed at the mine's on-site lab. Check
samples are verified by Inspectorate Labs in Reno, Nevada. San
Gonzalo concentrate shipments are assayed at AH Knight in
Manzanillo, Mexico. The Avino stockpile concentrate shipments are
assayed at LSI in Rotterdam, Netherlands.
Qualified Person(s)
Avino's projects are under the supervision of Chris Sampson,
P.Eng, Avino Consultant and Jasman Yee P.Eng, Avino Director, who
are both qualified persons within the context of National
Instrument 43-101. Both have reviewed and approved the technical
data in this news release.
About Avino
Avino's mission is to create shareholder value through
profitable organic growth at the Avino property. We are committed
to managing all business activities in an environmentally
responsible and cost-effective manner while contributing to the
well-being of the community in which we operate.
Management remains focused on the following key objectives:
- Maintain profitable mining operations at San Gonzalo while
decreasing operating costs and improving efficiency;
- Develop the Avino mine for mineral production, expand mill
output from 500 to 1,500 tpd;
- Continue to review and develop plans to process the oxide
tailings resource from previous milling operations (PEA issued in
2012);
- Continue to explore regional targets on the property followed
by other properties in our portfolio.
ON BEHALF OF THE BOARD
David Wolfin, President & CEO, Avino Silver & Gold Mines
Ltd.
Safe Harbor Statement - This news release contains
"forward-looking information" and "forward-looking statements"
(together, the "forward looking statements") within the meaning of
applicable securities laws and the United States Private Securities
Litigation Reform Act of 1995, including our belief as to the
extent and timing of various studies including the PEA, and
exploration results, the potential tonnage, grades and content of
deposits, timing and establishment and extent of resources
estimates. These forward-looking statements are made as of the date
of this news release and the dates of technical reports, as
applicable. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated in or implied
by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur. While we have based these
forward-looking statements on our expectations about future events
as at the date that such statements were prepared, the statements
are not a guarantee that such future events will occur and are
subject to risks, uncertainties, assumptions and other factors
which could cause events or outcomes to differ materially from
those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among others, the effects
of general economic conditions, the price of gold, silver and
copper, changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and
negotiations and misjudgments in the course of preparing
forward-looking information. In addition, there are known and
unknown risk factors which could cause our actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Known risk factors include risks
associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in metal prices; title matters;
uncertainties and risks related to carrying on business in foreign
countries; environmental liability claims and insurance; reliance
on key personnel; the potential for conflicts of interest among
certain of our officers, directors or promoters of with certain
other projects; the absence of dividends; currency fluctuations;
competition; dilution; the volatility of the our common share price
and volume; tax consequences to U.S. investors; and other risks and
uncertainties. Although we have attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any
forward-looking statements except as required under applicable
securities laws.
Cautionary Note to United States Investors - The information
contained herein and incorporated by reference herein has been
prepared in accordance with the requirements of Canadian securities
laws, which differ from the requirements of United States
securities laws. In particular, the term "resource" does not equate
to the term "reserve". The Securities Exchange Commission's (the
"SEC") disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated
mineral resources" or "inferred mineral resources" or other
descriptions of the amount of mineralization in mineral deposits
that do not constitute "reserves" by SEC standards, unless such
information is required to be disclosed by the law of the Company's
jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that
"inferred mineral resources" have a great amount of uncertainty as
to their existence and great uncertainty as to their economic and
legal feasibility. Disclosure of "contained ounces" is permitted
disclosure under Canadian regulations; however, the SEC normally
only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Avino Silver and Gold Mines Ltd.David WolfinPresident &
CEO604.682.3701604.682.3600ir@avino.comwww.avino.com
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