Avino July Production Report
August 08 2013 - 10:25AM
Marketwired Canada
Avino Silver and Gold Mines Ltd. (TSX VENTURE:ASM) (NYSE MKT:ASM)
(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to announce the July 2013
production results from its San Gonzalo mine and Historic Avino Mine surface
stockpile operations located on the Avino property near Durango, Mexico.
July production from San Gonzalo and Avino Mine surface stockpiles are presented
below:
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Total Mill
Feed Feed Grade
Days of (metric Silver Feed Grade Recovery
Operation tonnes) (g/t) Gold (g/t) Silver (%)
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San Gonzalo (Circuit
1) 30 6,372 285 1.31 82.32
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Historic Above Ground
Stock Piles (Circuit
2) 30 5,922 89 0.826 65.56
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12,294
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Total Total
Silver Total Gold Silver Eq. YTD Silver
Produced Produced Produced Eq.
Recovery (oz) (oz) (oz) Produced
Gold (%) Calculated Calculated Calculated Calculated
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San Gonzalo (Circuit
1) 73.35 48,131 196 60,903 432,577
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Historic Above Ground
Stock Piles (Circuit
2) 53.87 11,156 85 16,665 54,505
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59,287 281 77,568 587,082
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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.
July marks another consistent month of production for Avino as we continue to
see our operations normalize. Our crew at the mine is to be congratulated for
making some major upgrades to the mill this month that resulted in a very
minimal interruption to operations while adding an important component that is
necessary to bring the facility's capacity to 1,500 tonnes per day ready for the
opening of the Avino Mine in 2014.
- David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
San Gonzalo
Production numbers from January through July 2013 at San Gonzalo, as well as
2013 yearly totals are reported as follows:
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Jan-13 Feb-13 Mar-13 Apr-13 May-13
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Total Mill Feed (dry
tonnes) 6,392 6,418 6,913 6,460 6,948
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Average Daily Throughput
(tpd) 228 229 230 223 232
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Days of Operation 28 28 30 29 30
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Feed Grade Silver (g/t) 315 306 307 274 279
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Feed Grade Gold (g/t) 1.27 1.19 1.40 1.36 1.13
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Bulk Concentrate (dry
tonnes) 197 166 206 202 209
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Bulk Concentrate Grade
Silver (kg/t) 8.32 9.43 8.52 7.07 7.58
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Bulk Concentrate Grade
Gold (g/t) 29.1 30.4 34.5 31.7 27.3
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Recovery Silver (%) 81 80 83 81 82
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Recovery Gold (%) 70 66 73 73 72
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Mill Availability (%) 91.1 99 96.7 96.1 97.2
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Total Silver Produced (kg) 1,638 1,565 1,758 1,428 1,584
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Total Gold Produced (g) 5,722 5,036 7,117 6,411 5,698
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Total Silver Produced (oz)
calculated 52,779 50,315 56,513 45,899 50,923
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Total Gold Produced (oz)
calculated 184 162 229 206 183
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Total Silver Equivalent
Produced (oz) 62,781 59,228 69,098 57,235 60,999
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Monthly
June-13 July-13 Change% YTD SG
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Total Mill Feed (dry
tonnes) 6,580 6,372 (3.2) 46,082
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Average Daily Throughput
(tpd) 227 212 (6.6) 226
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Days of Operation 29 30 3.4 204
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Feed Grade Silver (g/t) 285 285 0 293
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Feed Grade Gold (g/t) 1.17 1.31 11.8 1.26
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Bulk Concentrate (dry
tonnes) 225 207 (8.0) 1,412
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Bulk Concentrate Grade
Silver (kg/t) 7.21 7.25 0.6 7.86
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Bulk Concentrate Grade
Gold (g/t) 25.5 29.6 16.1 29.6
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Recovery Silver (%) 86 82 (4.7) 82
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Recovery Gold (%) 75 73 (2.7) 72
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Mill Availability (%) 95.8 91.8 (4.2) 95.3
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Total Silver Produced (kg) 1,623 1,497 (7.8) 11,093
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Total Gold Produced (g) 5,740 6,111 6.5 41,836
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Total Silver Produced (oz)
calculated 52,182 48,131 (7.8) 356,634
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Total Gold Produced (oz)
calculated 184 196 6.5 1,345
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Total Silver Equivalent
Produced (oz) 62,333 60,903 (2.3) 432,577
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Silver equivalent for January through June was calculated using a 55:1 ratio for
silver to gold, for the month of July a 65:1 ratio was used. (The ratio was
changed to reflect more current gold and silver prices.) 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.
July Highlights
-- Tonnage processed in July was lower than June due to the lower plant
availability of 91.8%.
-- The lower plant availability was on account of maintenance for broken
ball mill pinion shaft, crusher feed conveyor pulley and the
installation of a new 4.25 ft. cone crusher.
-- Silver and gold recoveries were lower in July due to the maintenance
issues experienced.
-- Less concentrate tonnage was produced in July due to the lower tonnage
milled resulting in lower silver production as compared to June.
-- Gold production for July increased as compared to June due to the higher
gold grade in the feed.
Circuit 2 - Avino Mine Stock Piles
Production numbers from Circuit 2 during April through July are presented below
as well as yearly totals:
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April July
2013 May 2013 June 2013 2013 % Change YTD 2013
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Total mill feed -
(dry tonnes) 4,040 5,917 6,324 5,922 (6.4) 22,203
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Days of Operation 19 30 29 30 3.4 108
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Feed grade Silver -
g/t 73 84 78 89 14.1 82
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Feed grade Gold -
g/t 0.79 0.70 0.84 0.83 (1.2) 0.79
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Bulk concentrate -
(dry tonnes) 49.84 66.05 84.42 80.52 (4.6) 280.83
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Bulk Concentrate
Grade Silver (kg/t) 3.977 4.833 3.509 4.310 22.8 4.133
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Bulk Concentrate
Grade Gold (g/t) 35.30 32.19 32.20 32.74 1.7 32.90
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Recovery Silver (%) 67 64 60 66 10 64
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Recovery Gold (%) 55 51 51 54 5.9 53
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Mill availability
(%) 63 83 96 87 (9.4) 89
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Total Silver
Produced (oz)
calculated 6,373 10,264 9,525 11,156 17.1 37,319
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Total Gold Produced
(oz) calculated 57 68 87 85 (2.3) 297
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Total Silver Eq.
Produced (oz)
calculated 9,484 14,023 14,332 16,665 16.3 54,505
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Silver equivalent for April through June was calculated using a 55:1 ratio for
silver to gold, for the month of July a 65:1 ratio was used. (The ratio was
changed to reflect more current gold and silver prices.) 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.
July Highlights
-- The maintenance issues experienced in the crushing plant resulted in
lower tonnage processed and plant availability in July as compared to
June.
-- Silver feed grade was higher in July resulting in better recoveries and
greater production compared to June.
-- Gold production was slightly lower in July despite the slightly higher
recovery due to lower tonnage processed.
Quality Assurance/Quality Control
Mill assays are performed at the lab onsite at the mine. Check samples are
verified by SGS laboratory Services in Durango, Mexico and more recently at
Inspectorate Labs in Reno, Nevada. San Gonzalo concentrate shipments are assayed
at AH Knight in Manzanillo, Mexico; 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, BSc, ARSM
Avino Consultant and Mr. 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
Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico.
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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avino Silver & Gold Mines Ltd.
David Wolfin
President & CEO
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com
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