Vino Project Silver Production On Course With Projections

VANCOUVER, BC - David Wolfin, President and CEO OF Avino Silver & Gold Mines Ltd. said, “We had another year of consistent production at the Avino property, producing 2,863,753 silver equivalent ounces, which was in line with our internal projections.” said David Wolfin, President and CEO. “The completion of Mill Circuit 4 contributed to an increase of 6% in silver equivalent ounce production over 2017, and also helped offset decreasing grades at the San Gonzalo Mine which is nearing the end of its mine life. The underground development at San Luis was temporarily reduced to save costs in the third and fourth quarters of 2018, therefore we are positioned to increase the throughput and the rate of development of the San Luis area during the latter part of 2019. We expect 2019 production to be similar to 2018. We continue to be mindful of costs Company-wide and are taking a pragmatic approach to expanding our operations.  Finally, I wish to thank the operations team in Mexico for all their hard work and dedication.” 

Some notable highlights: Silver equivalent production increased by 6% to 2,863,753 oz; Gold production increased by 2% to 8,092 oz; Silver production decreased by 8% to 1,286,382 oz; Copper production increased by 10% to 4,819,022 lbs.

During 2018, material mined from the Avino Mine (Elena Tolosa (ET) area was processed using Mill Circuit 3, as well as Mill Circuit 2 through mid-July. In the latter portion of July, Mill Circuit 2 transitioned to processing Avino Historic Above Ground (“AHAG”) Stockpiles, and on September 24th, Mill Circuit 2 began processing mined material from the newly-developed San Luis area of the Avino Mine. Mill Circuit 4 was commissioned on the AHAG Stockpiles and continued to process this material through all of 2018. Through 2018, Mill Circuit 1 continued to process San Gonzalo ore.

The company’s address is 900, 570 Granville St., Vancouver, BC V6C 3P1, (604) 682-3701, www.avino.com.