Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, “Avino” or “the Company”) announces its first quarter 2020 production results from its Avino Mine property near Durango, Mexico.

Consolidated Production Highlights for Q1 2020 (Compared to Q1 2019)
•Silver equivalent production increased by 11% to 683,944 oz*
•Copper production increased by 70% to 1,808,172 lbs
•Silver production decreased by 1% to 266,719 oz
•Gold production decreased by 21% to 1,531 oz

In Q1, 2020, AgEq was calculated using metals prices of $16.94 oz Ag, $1,584 oz Au and $2.56 lb Cu. In Q1, 2019, AgEq was calculated using metals prices of $15.57 oz Ag, $1,304 oz Au and $2.82 lb Cu. Calculated figures may not add up due to rounding.

Silver equivalent production in Q1 2020 increased by 11% compared to Q1 2019, with record copper quarterly production of over 1.8 million pounds. The Avino Mine produced a record 262,238 silver ounces, the highest quarterly total achieved to date.

Overall production results were higher compared to Q1 2019 due to the Avino mine performing well from a grade, throughput and mill availability perspective. The HWB material also contributed positively to the overall feed grade. The decrease in silver production and consolidated silver grade in Q1 2020, compared to Q1 2019, is primarily attributed to the planned shutdown of the San Gonzalo Mine in Q4 2019.

“I am delighted with the higher than expected grades that we have achieved during the first quarter at the Avino Mine. As previously indicated in our 2020 plans, full production has been coming from the Avino Mine since early January,” said David Wolfin, President and CEO. “We continue to work with our partners and suppliers to coordinate our remaining shipments and receivables, and we are pleased with their cooperation.

This is no doubt a rare and difficult time; however, it is important to also focus on positives and therefore, I want to acknowledge our hard-working team in Mexico who were instrumental is helping to achieve quarterly results that surpassed all quarters in 2019, and which included record copper production. I want to reiterate that the health and safety of all our employees and contractors is paramount. We are currently following Mexican authorities’ orders and our Avino mine site is currently on care and maintenance using a skeleton crew. We will be able to restart operations quickly and easily when given the permission to do so.

We will update all our stakeholders as more information becomes available. We thank you for your patience and understanding, we remain optimistic for a treatment and vaccine and a corresponding return to business as usual. We will get through this together. Stay safe.”

Consolidated Production Tables
https://www.avino.com/news/2020/avino-announces-q1-2020-production-results/