VANCOUVER, Jan. 23, 2017 /CNW/ – Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, “Avino” or “the Company”) is pleased to provide the following 2016 year end summary and outlook for 2017 for the Avino and San Gonzalo Mines, and the Bralorne Gold Mine.
Avino and San Gonzalo Mines
2016 Production Highlights
- Silver equivalent production – 2,679,334 oz*
- Silver production – 1,612,060 oz
- Gold production – 7,119 oz
- Copper production – 4,206,585 lbs
AgEq was calculated using metals prices of US$17.10 oz Ag, US$1,248 oz Au and US$2.21 lb Cu.
2016 Operational Highlights
- Commercial production was declared at the Avino Mine on April 1, 2016
- A new power line to the mine site was completed and is now fully functional, providing sufficient energy to power our existing operations, as well as the future oxide tailings resource operation and mill expansion
- Construction of the new Tailings Storage Facility commenced
- An updated NI 43-101 resource estimate was completed for the Avino and San Gonzalo Mines as well as for the Oxide Tailings Resource
During the year, capital expenditures at Avino totaled USD$7.4 million for the continuation of exploration, new and refurbished equipment, commencement of the new tailings storage facility (TSF), infrastructure and sustaining capital.