ASM - Avino: Producer in Mexico Sees Drilling Upside

2024-03-27 17:08:02 ET

Over 16 million ounces of silver equivalent

Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico. The Company employs close to 350 people. Avino produces from its wholly owned Avino Mine near Durango, Mexico using a 100 percent Mexican labor force.

The Avino Mine

The Avino Vein was mined during 27 years of open pit and underground production prior to 2001. The deepest level mined prior to 2001 was level 11.5 (330 m below the surface). The mine closed in November 2001 due to low metal prices and the closure of a key smelter. From 1997 - 2001, the mine and mill, averaged 1,000 tpd and achieved up to 1,300 tpd. During the final 3 full years of operation, production averaged 1.7 million ounces of silver equivalent annually.

According to David Wolfin, President and CEO of Avino Silver & Gold, since they reopened the mine in 2011 they've produced over 16 million ounces of silver equivalent. They have also recently completed a major expansion of their mill and are focusing on exploration this year.

The Company recently sold its Canadian asset, the Bralorne Gold Mines, so they've re-positioned the company as a primary silver play focused in Mexico. The plans are to drill about 12,000 meters this year.

"The Avino property has great potential. It's yielded a lot of production over the last several decades.", says Wolfin.

For more information on Avino Silver & Gold Mines Ltd. (ASM:TSX, ASM:NYSE American) please fill out the form below.