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Avino Silver & Gold achieves quarterly production record in Q3 2022

Kitco Media
By Vladimir Basov
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(Kitco News) - Avino Silver & Gold Mines (TSX: ASM) today reported record third quarter 2022 production of 778,008 silver equivalent ounces from the Avino Mine property near Durango, Mexico.

In its press release, the company noted steady increase of production at Avino, with mill throughput up by 37% compared to Q2 2022, adding that this represents the highest total tonnage milled from the Avino mine in recent history.

"Our third quarter production was our strongest quarter from Avino in recent history, and results continue to exceed our expectations from the Avino Mine." said David Wolfin, President and CEO of Avino. "With an unsettled market, Avino's performance is a testament to our operations team in Mexico."

"We believe that we will have strong production growth over the next 5 years. We also believe this should correspond with strong global industrial demand for silver and other metals that will be needed for the expanding green energy revolution. Despite a current downturn in metal prices, our concentrate continues to be sold at profitable levels," he added.

Avino is primarily a silver producer from its wholly owned Avino Mine near Durango, Mexico. The company indicated it is focusing on profitable organic growth at the historic Avino Property and the strategic acquisition of the La Preciosa property.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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