Avino Silver & Gold restarts operations in Mexico
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) - Avino Silver & Gold Mines (TSX: ASM) (NYSE American: ASM) announced Tuesday that mining operations have restarted at its Avino mine in Mexico.
"We are extremely pleased to announce that mining operations have resumed at the Avino Mine," said David Wolfin, President and CEO. "Over the last few months, our team has worked diligently as they prepared the mine-site for commencement of operational activities, which included hiring mine personnel and re-establishing the mill circuits. During operational closure, there were a number of upgrades made to improve recoveries at the mill. With the current higher metal prices, we look forward to generating positive cash flow again. As one of the main employers in the area, the restart of operations will play a critical role for the local communities, and it was important to bring a local workforce back."
The company added that its management expects throughput at the mill will ramp-up quickly to levels prior to shut down. Avino noted that the company is infill-drilling the oxide tailings resource that sits within its tailings storage facility, as well as continuing the previously reported exploration drill program.
Avino is primarily a silver producer from its wholly owned Avino mine near Durango, Mexico. The company said its silver and gold production remains unhedged.