Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; “Avino” or the “Company”) announces second quarter 2017 production results from its Avino property near Durango, Mexico.
Consolidated Production Highlights for Second Quarter 2017 (Compared to Second Quarter 2016)
- Silver equivalent production increased by 11% to 698,174 oz*
- Gold production increased by 29% to 1,954 oz
- Silver production increased by 1% to 386,002oz
- Copper production increased by 7% to 1,133,161 lbs
*For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $17.26 oz Ag, $1,257 oz Au and $2.57 Lb Cu. Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.
“We are pleased with the 11% increase in production this quarter compared to the second quarter of last year. The results are higher this quarter compared to the same period last year mainly due to the increased mill availability experienced in the second quarter of 2017.