Avino Announces Fourth Quarter and Full Year 2016 Production Results from its Avino Property

http://www.stockhouse.com/news/press-releases/2017/01/17/avino-announces-fourth-quarter-and-full-year-2016-production-results-from-its

VANCOUVER, Jan. 17, 2017 /CNW/ – Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, “Avino” or “the Company”) is pleased to report its fourth quarter 2016 and full year 2016 production results from its Avino property near Durango, Mexico.

Consolidated Production Highlights for 2016 (Compared to 2015)

  • Silver equivalent production decreased 11% to 2,679,334  oz*
  • Silver production decreased 1% to 1,612,060 oz
  • Gold production increased 1% to 7,119 oz
  • Copper production decreased 11% to 4,206,585 lbs

Consolidated Production Highlights for Fourth Quarter, 2016 (Compared to Fourth Quarter, 2015)

  • Silver equivalent production decreased 7% to 707,775 oz*
  • Silver production increased 2% to 419,355 oz
  • Gold production increased 63% to 2,581 oz
  • Copper production decreased 41% to 755,645 lbs

*In 2016, AgEq was calculated using metals prices of $17.10 oz Ag, $1,248 oz Au and $2.21 lb Cu. In 2015, AgEq was calculated using $16 oz Ag, $1,150 oz Au and $3.00 lb Cu

“I would like to thank our teams in Mexico and Canada for delivering another solid year of consistent production. Despite the challenges faced during the second quarter, our production was in line with our internal projections, and we expect similar results for 2017. The year was highlighted by the declaration of commercial production at the Avino Mine, as well as the publication of new resource estimates for our operations in Mexico and Canada.  We are planning on issuing a news release in the coming days outlining our Mexico expansion plans as well as an agenda for reopening the Bralorne Mine.”

 

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