Avino Provides Mine Update

Rhea-AI Summary

ASM, TSX/NYSE American, reports a strike by members of the Mexican mining union at the Avino Mine, located in Durango, Mexico. This blockade, involving unionized workers, has forced the temporary halt of mining and milling operations. The company expresses its commitment to engaging in good-faith discussions with union representatives to resolve the situation. President and CEO David Wolfin acknowledges the disappointment caused by the strike, especially following recent operational ramp-ups.

Positive

• The company is open to discussions with union representatives, indicating a willingness to resolve the strike.

Negative

• Mining and milling operations are temporarily halted due to the strike, potentially affecting production timelines.
• Uncertainty surrounding the timeline to return to pre-strike production levels.

 ASM: TSX/NYSE American

VANCOUVER, BC, July 10, 2020 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company") reports that members from the Mexican mining union have blocked the entrance to the Avino Mine near Durango, Mexico. The group includes the Company's unionized workers. The Company remains receptive to having good-faith discussions with representatives of the authorized union.  As a result of the strike at the site, the Company has temporarily halted mining and mill processing operations. 

"We have many dedicated workers and community supporters that have expressed their interest and backing.  Avino has a strong desire in supporting the community surrounding our mine site and supporting our shareholders by working diligently towards an end to this slow down." said David Wolfin, President and CEO. "Our team in Mexico is handling this difficult challenge, and it is consequently very disappointing for all of us that this strike has held up the hard work and progress following the completed ramp-up of operations."

On Behalf of the Board

"David Wolfin"

________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.

Safe Harbor Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, including, but are not limited to, the Company's ability to meet its to attain production at levels achieved prior to March 31, 2020 within two weeks or at all. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.  In addition, the Company is subject to further risks as set forth in its Form 20-F for the year ended December 31, 2019 filed with the United States Securities and Exchange Commission.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

View original content:http://www.prnewswire.com/news-releases/avino-provides-mine-update-301091233.html

SOURCE Avino Silver & Gold Mines Ltd.

FAQ

What caused the strike at Avino Silver's mine?

The strike at Avino Silver's mine was caused by members of the Mexican mining union blocking the entrance, which includes the company's unionized workers.

How has the strike affected Avino Silver's operations?

The strike has led to a temporary halt in mining and mill processing operations at the Avino Mine.

What is ASM doing to resolve the strike situation?

ASM is willing to engage in good-faith discussions with union representatives to address the strike and restore operations.

When is Avino Silver expected to resume normal operations?

The company has not provided a specific timeline for resuming normal operations, as it is dependent on the resolution of the strike.

What is the impact of the strike on Avino Silver's production levels?

The strike could delay Avino Silver's ability to meet production levels achieved prior to March 31, 2020.