InvestmentPitch Media Video Discusses Avino’s Report of Strong Production and Higher Grades for the First Half at its Avino Mine Property near Durango, Mexico

Rhea-AI Summary

Avino Silver & Gold Mines Ltd. (ASM) reported robust Q2 2022 production from its Avino Mine in Mexico. Silver equivalent production rose 42% to 649,569 ounces, with silver output increasing 37% to 225,537 ounces, gold production up 69% to 1,350 ounces, and copper production enhancing 35% to 1,644,342 pounds. Mill throughput also grew by 6%, reaching 118,224 dry tonnes. The company continues its drilling campaign on its Oxide Tailings Project, aiming to advance resources and explore new areas for potential development.

Positive

• 42% increase in silver equivalent production to 649,569 ounces.
• Silver production up 37% to 225,537 ounces.
• Gold output increased by 69% to 1,350 ounces.
• Copper production enhanced by 35% to 1,644,342 pounds.
• 6% growth in mill throughput to 118,224 dry tonnes.
• Continued drilling campaign highlighting resource expansion potential.

Negative

• None.

VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) reported strong Q2 production results from its Avino Mine property in Mexico. Avino, primarily a silver producer from its 99.28% owned historic Avino Mine near Durango, Mexico, also maintains a diversified pipeline of gold, silver and base metals exploration properties.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from David Wolfin, President and CEO of Avino. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Avino” in the search box.

Silver equivalent production for the 2nd quarter was 649,569 ounces, an increase of 42% over the 457,798 ounces reported in the 1st quarter of 2022. Silver production increased by 37% to 225,537 ounces, with gold production up 69% to 1,350 ounces, and copper production up 35% to 1,644,342 pounds.

Mill throughput for the quarter was up 6% over the previous quarter, coming in at 118,224 dry tonnes.

Over Avino's 54-year history the mine has operated for various periods of time and as such, generated different types of tailings, with 3 distinct zones of oxide tailings identified corresponding to the timeline of extraction from the previous historic operations. During the first half, the company continued its drill campaign on its Oxide Tailings Project.

Results released on April 7, 2022, and May 24, 2022, from a combined 127 holes, continued to highlight the potential to expand resources. With the upcoming metallurgical testwork, Avino is moving towards its goal of advancing this project to the next phase of development.

On June 13, 2022, Avino announced drill results from the Avino Elena Tolosa area below the current Level 17 mining area. These results confirmed the downdip continuity of widths and grades of the Avino vein extending significant potential to a depth of at least 290 metres down dip below current development. Avino is advancing geological modelling to determine the potential geometry and controls of the mineralization. A second drill has been added to this program to include a further 13 drill holes for 7,000 metres.

By the end of June, the company had released results from a total of 7,694 metres that had been drilled at a number of different areas on the Avino property, including Oxide Tailings Project. In line with its strategic plans to become an intermediate producer in Mexico, in May, Avino granted Endurance Gold an option to earn 100% ownership of the former Minto Gold Mine, Olympic and Kelvin gold prospects, located north of the Bralorne Mine in British Columbia.

The shares are trading at $0.71 on the Toronto Stock Exchange. For more information, please visit the company’s website at www.avino.com, contact Jennifer North, Manager, Investor Relations, at 604-682-3701 or by email at IR@avino.com.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Avino Silver and Gold has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What were Avino Silver & Gold Mines' Q2 production results?

Avino reported a 42% increase in silver equivalent production, reaching 649,569 ounces in Q2 2022.

How much did silver production increase in Q2 2022 for ASM?

Silver production increased by 37% to 225,537 ounces in Q2 2022.

What are the latest figures for gold and copper production from ASM?

Gold production rose by 69% to 1,350 ounces, and copper production increased by 35% to 1,644,342 pounds.

What is ASM's current trading price on the Toronto Stock Exchange?

The shares of Avino Silver & Gold Mines are currently trading at $0.71 on the Toronto Stock Exchange.

What is Avino's strategy for resource expansion?

Avino is conducting a drilling campaign on its Oxide Tailings Project to identify and expand resources.