Avino Silver & Gold Mines Ltd. gold production fell in the first quarter due to mine-sequencing into other gold-grade zones in Mexico.
“Silver equivalent production decreased 15% to 457,798 ounces. Silver production remained constant at 164,358 ounces. Copper production increased by 8% to 1.2 million pounds. Gold production decreased by 66% to 801 ounces.”
“Mill throughput increased by 7% to 111,138 metric tons.”
“The slight decrease in production, compared to 4Q 2021, was expected due to mine sequencing into more typical gold grade zones.”
On mine development:
“With the closing of the La Preciosa acquisition, we are excited to move forward with a goal of creating a district-scale operation which will provide significant benefits for all our stakeholders,” President and Chief Executive David Wolfin said.
“We continue to focus on profitable ounces, training programs to build up our local workforce to accelerate the ramp-up period, and continued exploration below our current workings in addition to other high-grade targets on the property,” Mr. Wolfin said.