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Avino Sees Higher Silver-Equivalent Output In 2018

Kitco News

Avino Silver & Gold Mines Ltd. (TSX, NYSE American: ASM) looks for an uptick in 2018 silver-equivalent output to around 2.9 million to 3 million ounces, the company’s top executive says. Output in 2017 totaled 2,700,585 silver-equivalent ounces. This included silver production of 1,394,203 ounces, gold output of 7,935 ounces and copper production of 4,373,166 pounds. Highlights during the year included a pant and mine expansion that increases throughput capacity at the Avino mine, with the addition of Mill Circuit 4. This is 90% complete with the expectation of commissioning the mill in March with stockpile material, Avino says. “The company anticipates that 2018 silver-equivalent production will range between 2.9 million to 3 million ounces, in expectation of Mill Circuit 4 processing old stockpiles from March to August followed by material from the San Luis zone,” says David Wolfin, president and chief executive officer.  In 2018, capital expenditures at Avino and San Gonzalo are estimated at $14.5 million as a result of the following projects: finalizing the mill expansion, planned exploration and development, construction of a paste backfill plant, and continued refurbishment and replacement of mobile equipment.

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