Q4 2021 PRODUCTION RESULTS EXCEEDS EXPECTATIONS VANCOUVER, BC, Jan. 18, 2022 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company") highlights its fourth quarter and full year 2021 production results from its Avino Mine property near Durango, Mexico.
2021 Fourth Quarter Highlights
- Increased Avino Mine underground operations: Underground mining operations continue to increase capacity. During Q4 2021, haulage increased by 56% compared to Q3 2021, and averaged over 1,500 tonnes per available day in December.
- Increase in silver feed grades from the Avino Mine: Silver grade increased by 11% compared to Q3 2021.
- Increase in consolidated recovery rates: Silver and copper recovery rose by 3% and 5%, respectively, compared to Q3 2021.
"The final quarter of the year exceeded our expectations, as we continue to gear up to full production, said David Wolfin, President and CEO of Avino. We were rewarded with higher than expected grades and exploration results have been encouraging as we continue to discover more of the Avino property. Training programs continue with the emphasis on building up our local workforce. We provide inclusive opportunities and are training a number of female underground workers at the mine. We look forward to closing the La Preciosa acquisition as we continue to build a district scale mining business and provide long-lasting careers and benefits for the people in our local communities."
Q4 2021 came from the Avino Mine only. The Company is not expecting to process any Historical Above Ground Stockpiles at this time.
Avino Production Highlights for Q4 2021 (Compared to Q3 2021)
- Silver equivalent production increased 101% to 541,432 oz*
- Silver production increased by 139% to 163,933 oz
- Copper production increased by 68% to 1.1 million lbs
- Gold production increased by 92% to 2,158 oz
- Mill throughput increased by 118% to 103,513 tonnes
- Mine haulage increased by 56% to 110,553 tonnes
*In Q4 2021, AgEq was calculated using metals prices of $23.32 oz Ag, $1,783 oz Au and $4.40 lb Cu. In Q3 2021, AgEq was calculated using metals prices of $24.36 oz Ag, $1,790 oz Au and $4.25 lb Cu. Calculated figures may not add up due to rounding.