David Wolfin, President and CEO of Avino Silver and Gold Mines (TSX.V: ASM & NYSE: ASM), joins us to provide a comprehensive operations and development update from the Avino Mine, the Oxide Tailings development Project, and the La Preciosa development Project near Durango, Mexico.
We start off by reviewing the stronger third quarter production from the Avino Mine, where Silver equivalent production increased 20% to 778,008 oz over the second quarter, and mill throughput increased by 37% to 162,169 tonnes. David breaks down a number of areas where the Company is further optimizing underground mining processes and connecting the underground development, and is continuing to stay on top of inflation by continuing to grow and training a local workforce, getting a favorable currency exchange rate, and preordering key supplies and equipment.
Next we pivoted over to the transition to the dry stack tailings facility, and recapped the exploration work and economic study on the old tailings facility TSF #1, and how it will factor in to additional production and mine throughput on the 5 year growth plan. We also spent some time unpacking the acquisition of the nearby La Preciosa Project from Coeur Mining, the favorable resources and economics around this project, and how it will be playing a large role in the 5 year growth plan of increasing production and lowering costs for the Company.
We wrap up with a brief overview of the spinout of some non-core exploration projects into a newer sister company, Silver Wolf Exploration (TSX.V: SWLF), and the pedigree of the exploration team and advisors, and prospectivity of the early stage discovery potential on the Projects.
If you have any questions for David regarding Avino Silver and Gold, then please email us at either Fleck@kereport.com or Shad@kereport.com
- In full disclosure, Shad is an existing shareholder of Avino Silver & Gold
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