Mr. David Wolfin reports
AVINO JANUARY PRODUCTION INCREASES BY 27% OVER DECEMBER TO 105,551 OZ SILVER EQ.
Avino Silver & Gold Mines Ltd. has released January, 2014, production results from its San Gonzalo mine and Avino mine surface stockpile operations located on the Avino property near Durango, Mexico.
January production from the San Gonzalo mine and Avino mine surface stockpiles are presented below along with a comparison with December output from both areas.
PRODUCTION RESULTS
Total
mill Feed Feed
feed grade grade Recovery Recovery
Days of (metric silver gold silver gold
operation tonnes) (g/t) (g/t) (%) (%)
San
Gonzalo
(circuit 1) 29 6,509 358 1.98 85 77
Historic
above-
ground
stockpiles
(circuit 2) 29 6,685 108 0.77 68 61
------
13,194
Total Total
Total Total January December
silver gold silver eq. silver eq. YTD
produced produced produced produced silver eq.
(oz) (oz) (oz) (oz) % produced
calculated calculated calculated calculated Change calculated
San
Gonzalo
(circuit 1) 63,580 318 83,437 65,833 27% 83,437
Historic
above-
ground
stockpiles
(circuit 2) 15,818 101 22,114 17,269 28% 22,114
------ --- ------- ------ --- -------
79,398 419 105,551 83,102 27% 105,551
Silver equivalent was calculated using a 62.5:1 ratio for silver to gold. Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Year-to-date and calculated figures may not add up due to rounding.
"We are very pleased to begin the new year with another record month of production. In 2014 we expect a significant increase in our overall output as we continue to encounter improved grades and experience better recoveries as we move deeper into the San Gonzalo mine; as anticipated. We will also be processing material through both circuits 1 and 2 for the full year with the expectation of circuit 3 coming on-line in the fourth quarter to process material from the Avino mine," said David Wolfin, president, chief executive officer director, Avino Silver & Gold Mines.
San Gonzalo
COMPARATIVE PRODUCTION NUMBERS FOR SAN GONZALO
Dec-
January, ember, Monthly
2014 2013 change % YTD SG
Total mill feed (dry tonnes) 6,509 6,284 4 6,509
Average daily throughput (tpd) 224 233 (4) 224
Days of operation 29 27 7 29
Feed grade silver (g/t) 358 285 26 358
Feed grade gold (g/t) 2.0 1.7 18 2.0
Bulk concentrate (dry tonnes) 235 213 10 235
Bulk concentrate grade silver (kg/t) 8.4 7.14 18 8.4
Bulk concentrate grade gold (g/t) 42.1 38.4 10 42.1
Recovery silver (%) 85 85 0 85
Recovery gold (%) 77 76 1 77
Mill availability (%) 93.7 89.5 5 93.7
Total silver produced (kg) 1,978 1,517 30 1,978
Total gold produced (g) 9,882 8,158 21 9,882
Total silver produced (oz) calculated 63,580 48,784 30 63,580
Total gold produced (oz) calculated 318 262 21 318
Total silver equivalent produced (oz) 83,437 65,833 27 83,437
January highlights:
-
Silver and gold feed grades for January increased significantly over those
of December by 26 per cent and 18 per cent, respectively.
- The higher feed grades with stable recoveries and consistent feed
tonnage processed resulted in increased silver and gold production by
30 per cent and 21 per cent, respectively.
- Concentrate grade assays were also higher on account of the higher feed
grades.
- Mill availability was also better in January because of two fewer
holidays.
Circuit 2 -- Avino mine stockpiles
COMPARATIVE PRODUCTION NUMBERS FROM THE AVINO MINE STOCKPILE OPERATION
January, December, Monthly
2014 2013 change % YTD 2014
Total mill feed (dry tonnes) 6,685 6,414 4 6,685
Days of operation 29 27 7 29
Feed grade silver (g/t) 108 90 20 108
Feed grade gold (g/t) 0.77 0.72 7 0.77
Bulk concentrate (dry tonnes) 77 59 31 77
Bulk concentrate grade silver (kg/t) 6.35 6.20 2 6.35
Bulk concentrate grade gold (g/t) 40.44 44.33 (9) 40.44
Recovery silver (%) 68 63 8 68
Recovery gold (%) 61 57 7 61
Mill availability (%) 95.1 91.1 4 95.1
Total silver produced (oz)
calculated 15,818 11,790 34 15,818
Total gold produced (oz) calculated 101 84 20 101
Total silver eq. produced (oz)
calculated 22,114 17,269 28 22,114
January highlights:
- Silver and gold feed grades in January were higher than December by 20 per cent
and 7 per cent, respectively. More boulders were processed which could have
resulted in the higher feed grades and better recoveries.
- Tonnage of concentrate produced was also higher on account of the higher
feed grades.
Quality assurance/quality control
Mill assays are performed at the mine's on-site lab. Check samples are verified by Inspectorate Labs in Reno, Nev. San Gonzalo concentrate shipments are assayed at AH Knight in Manzanillo, Mexico. The Avino stockpile concentrate shipments are assayed at LSI in Rotterdam, the Netherlands.
Qualified persons
Avino's projects are under the supervision of Chris Sampson, PEng, Avino consultant, and Jasman Yee, PEng, Avino director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.
We seek Safe Harbor.
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