VANCOUVER, BC / ACCESSWIRE / February 5, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) is pleased to report the results of the Preliminary Feasibility Study (the "PFS") prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101") for its Oxide Tailings Project (the "OTP" or the "Project") at the Company's Avino Mine Operations located near Durango in west-central Mexico (the "Property"). The work that was completed as the basis for the PFS was managed by Tetra Tech Canada Inc. of Vancouver, BC.

Highlights include:

NPV US$98 million (pre-tax) and US$61 million (post-tax) at a 5% discount rate.
IRR 35% (pre-tax) and 26% (post-tax).
Payback Period 2.9 years (pre-tax) and 3.5 years (post-tax).
Initial Capital Cost: US$49.1 million, including a complete on-site tailing leaching plant for silver and gold extraction and a contingency provision in the amount of US$5.3 million. The ongoing sustaining capital cost is US$5.1 million.
LOM Average Production Unit Cost: On-site Operating Costs (OOC) and All-In Sustaining Cost (AISC) of US$9.71 and US $10.23 per tr oz silver equivalent, respectively.
Proven and probable mineral reserves of 6.70 Million tonnes at a silver and gold grade of 55 g/t and 0.47 g/t respectively.
Nominal Processing Rate over a 9-year LOM: 2,250 tonnes per day or 821,250 tonnes per year, with a 92% plant availability.
Metal Recoveries: 77.2% Ag and 74.9% Au.
Doré Production: Total 9,073,000 oz Ag and 76,000 oz Au, life-of-project (averaging 1,008,000 oz Ag and 8,445 oz Au per year).
Direct Employment: 121 employees, with additional job positions related to indirect employment and contracted services.
Ease of Construction and Operation: The Project is located within the existing Avino Mine operations. Site infrastructure such as power, water, and road network are well established.
Elimination of risks associated with the conventional tailings design: A secondary Dry Stack Tailings Management Facility will comprise dewatered tailings being stored in a geotechnically stable impoundment.
Elimination of risks associated with the heap leach design, which is replaced with a conventional tank leach design with a compact footprint. The process plant containment areas and berms on site will provide an additional layer of safety.
The Project will generate US$52.4 million in tax contributions to the local economy and government.
The PFS will be filed on SEDAR+ (www.sedarplus.ca) under the Company's profile and filed on Form 6-K with the U.S ... see & read more on
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