Avino November Production Report
December 09 2013 - 8:44AM
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 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:
----------------------------------------------------------------
Total Total
Mill Feed Feed Silver
Days Feed Grade Grade Recovery Recovery Produced
of (metric Silver Gold Silver Gold (oz)
Operation tonnes) (g/t) (g/t) (%) (%) Calculated
----------------------------------------------------------------------------
San Gonzalo
(Circuit 1) 29 6,602 290 1.54 85 76 52,284
----------------------------------------------------------------------------
Historic
Above
Ground
Stock Piles
(Circuit 2) 29 6,491 90 0.87 68 56 12,826
----------------------------------------------------------------------------
13,093 65,110
----------------------------------------------------------------------------
----------------------------------------------------------------
Total Total
Total November October YTD
Gold Silver Eq. Silver Eq. Silver
Produced Produced Produced Eq.
(oz) (oz) (oz) % Produced
Calculated Calculated Calculated Change Calculated
----------------------------------------------------------------------------
San Gonzalo
(Circuit 1) 249 68,492 58,279 17.5 685,629
----------------------------------------------------------------------------
Historic
Above
Ground
Stock Piles
(Circuit 2) 101 19,418 21,242 (8.6) 126,509
----------------------------------------------------------------------------
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:
-------------------------------------------
Nov Oct Monthly
2013 2013 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:
-----------------------------------------
Nov Oct
2013 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:
1. Maintain profitable mining operations at San Gonzalo while decreasing
operating costs and improving efficiency;
2. Develop the Avino mine for mineral production, expand mill output from
500 to 1,500 tpd;
3. Continue to review and develop plans to process the oxide tailings
resource from previous milling operations (PEA issued in 2012);
4. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avino Silver and Gold Mines Ltd.
David Wolfin
President & CEO
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jul 2023 to Jul 2024
