Mill Circuit 4 Completed On Time And Within Budget

VANCOUVER - “Operationally, 2018 was a year in which we successfully achieved our goal of completing Mill Circuit 4, owing much to the Mexican Operations team and their dedication to the project.  Additionally, we completed drill programs on several areas of the Avino property, which successfully outlined longer term targets that warrant further investigation and drilling.” stated David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd. The Company announced an updated mineral resource estimate in 2018 that increased the measured and indicated resources by 225% at the Avino property.” 

Capital expenditures at Avino and San Gonzalo are expected to total US$5.0 - $6.0 million, and will include the construction of a tailings thickener, as well as an expansion to the Tailings Storage Facility (“TSF”), which is currently being studied.  The Company is currently evaluating a number of metallurgical projects to help improve recovery rates as we continue to focus on optimizing output and production.  We have completed a bench-scale testwork program with favorable results, with the goal of this testwork being an improvement in margins and on overall payables.  Underground development at the San Luis area of the Avino Mine will continue.

Currently, there are no planned capital expenditures associated with the San Gonzalo Mine, as the Company plans to wind that operation down in 2019.

The company’s address is 900, 570 Granville St., Vancouver, BC V6C 3P1.