VANCOUVER, Aug. 4, 2020 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM:
TSX) (NYSE American: ASM) (FSE:GV6) ("Avino" or "the
Company") plans to announce its Second Quarter 2020
financial results after the market closes on Tuesday, August 11, 2020.
In addition, the Company will be holding a conference call and
webcast on Wednesday, August 12, 2020
at 8:00 a.m. PDT (11:00 a.m. EDT).
Shareholders, analysts, investors and media are invited to join
the webcast and conference call by logging in here Avino Second
Quarter 2020 Webcast and Conference Call or by dialing the
following numbers five to ten minutes prior to the start time.
Toll Free Canada & USA:1-800-319-4610
Outside of Canada &
USA:1-604-638-5340
No passcode is necessary to participate in the conference call
or webcast; participants will have the opportunity to ask questions
during the Q&A portion.
The conference call and webcast will be recorded, and the replay
will be available on the Company's web site later that day.
Restricted Share Unit and Option Grant
In addition,
Avino announced, that upon the recommendations of its Compensation
Committee, it granted an aggregate of 1,700,000 incentive stock
options (the "Stock Options") under its Stock Option Plan, and
1,481,000 Restricted Share Units ("RSUs") under the Restricted
Share Unit Plan to its directors, officers, employees and
consultants. Both the Stock Option Plan and Restricted Share Unit
Plan have been previously approved by shareholders, and no further
approval from shareholders is required for these grants.
The Stock Options are exercisable for up to five years at a
price of $1.64 per share and will be
vested in stages over a 12-month period with no more than 1/4 of
the options vesting in any three-month period from the date of the
grant. The RSUs will be vested at the rate of 1/3 annually for a
period of three years from the date of grant, until fully vested.
The Stock Options and the RSUs are non transferable.
About Avino:
Avino is a silver and gold producer with
a diversified pipeline of gold, silver and base metals properties
in Mexico. Avino produces from its wholly owned Avino Mine
near Durango, Mexico. The Company's gold and silver
production remains unhedged. The Company's mission and
strategy is to create shareholder value through its focus on
profitable organic growth at the historic Avino Property near
Durango, Mexico, and the strategic
acquisition of mineral exploration and mining properties. We
are committed to managing all business activities in an
environmentally responsible and cost-effective manner, while
contributing to the well-being of the communities in which we
operate.
On Behalf of the Board
"David Wolfin"
________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines
Ltd.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
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SOURCE Avino Silver & Gold
Mines Ltd.