Avino Reports Q3 2016 Financial Results

http://www.kitco.com/pr/1738/article_11082016183558.pdf

Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE, “Avino” or “the Company”) is pleased to announce the consolidated financial results for the Company’s third quarter ended September 30, 2016.

Generated revenues of $13.2 million from the sale concentrates, a 163% increase from the third quarter of 2015  Mine operating income of $6 million, a 172% increase compared to the third quarter of 2015  Total equity of over $68 million, a 32% increase compared to the third quarter of 2015  Net income after taxes of $1.2 million  Produced 649,831 silver equivalent ounces¹, including 410,908 ounces of silver, 1,813 ounces of gold and 1,045,091 pounds of copper  Consolidated all-in sustaining cost (“AISC”)2 was $13.83 (US$10.60) per payable silver equivalent ounce, a 15% increase compared to $11.99 or (US$9.16) per ounce in the third quarter of 2015  Average realized selling prices for silver and gold were US$19.49 and US$1,328 per ounce respectively  Cash and cash equivalents of $15 million were on hand at the end of the quarter “

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