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Bullboard - Stock Discussion Forum Avino Silver & Gold Mines Ltd T.ASM

Alternate Symbol(s):  ASM

Avino Silver & Gold Mines Ltd. is a Canada-based mining and exploration company. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. It operates the Avino Mine, which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino Property covers approximately 1... see more

TSX:ASM - Post Discussion

Avino Silver & Gold Mines Ltd > Restart of Operations at the Avino Mine
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Post by Betteryear2 on Aug 03, 2021 6:56am

Restart of Operations at the Avino Mine

VANCOUVER, BCAug. 3, 2021 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6), "Avino" or "the Company") is pleased to announce that mining operations have restarted at its Avino Mine.

"We are extremely pleased to announce that mining operations have resumed at the Avino Mine," said David Wolfin, President and CEO. "Over the last few months, our team has worked diligently as they prepared the mine-site for commencement of operational activities, which included hiring mine personnel and re-establishing the mill circuits.  During operational closure, there were a number of upgrades made to improve recoveries at the mill. With the current higher metal prices, we look forward to generating positive cash flow again. As one of the main employers in the area, the restart of operations will play a critical role for the local communities, and it was important to bring a local workforce back."

Management expects throughput at the mill will ramp-up quickly to levels prior to shut down. In addition, we are infill-drilling the oxide tailings resource that sits within our tailings storage facility, as well as continuing the previously reported exploration drill program.

 
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