Avino Silver & Gold Mines: Set for 2021 Exploration Program

Planned exploration program at Avino Mine in Mexico

Operating in Mexico, Avino produces from its wholly owned Avino Mine near Durango. The company also maintains a diversified pipeline of gold, silver and base metals exploration properties. With the exception of the Avino mine, which is owned 99.28%, all the company’s properties are owned 100%.

The Avino Mine

Avino has planned an exploration program at the mine for 2021.

The Avino Vein was mined during 27 years of open pit and underground production prior to 2001. It is 1.6 km long and 60 m wide on the surface and is situated right next to the processing plant. The deepest level mined prior to 2001 was level 11.5 (330 m below the surface). The mine was closed in November 2001 due to low metal prices (Silver US$4.37/oz, Gold US$283/oz, Copper US$0.65/lb) and the closure of a key smelter. From 1997 - 2001, the mine and mill, averaged 1,000 tpd and achieved up to 1,300 tpd. During the final 3 full years of operation, production averaged 1.7 million ounces of silver equivalent annually.

The silver equivalent production in Q4 2019 decreased by 15% compared to Q4 2018 and directly corresponds to the marginal amount of production San Gonzalo contributed due to the mine’s planned stoppage. However, overall production results were higher compared to Q3 2019 due to the Avino mine performing well from a grade, throughput and mill availability perspective. The Avino Historic Above Ground (“AHAG”) material also performed well throughout the quarter.

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