Silver Production Increases 264% At Mexico Property

 

VANCOUVER - Avino Silver & Gold Mines Ltd. reported Q4 2013 production results from its Avino property near Durango, Mexico. Production Highlights for Fiscal 2013 (Compared to Fiscal 2012): Silver production increased 264% to 698,076 oz

Gold production increased 162% to 3,243 oz; Silver equivalent production increased 253% to 895,240 oz; Production Highlights for Fourth Quarter, 2013 (Compared to Fourth Quarter, 2012); Silver production increased 44% to 184,760 oz; Gold production increased 122% to 1,011 oz; Silver equivalent production increased 66% to 250,533; Silver equivalent in Q3 & Q4 2013 has been calculated using a 65:1 ratio for silver to gold. During Q1 & Q2 2013, a 55:1 ratio was used in the calculation. In Q4 2012 a ratio of 50:1 was used.

"2013 represented a major milestone for the Company as we completed our first full year of commercial production since the 2000/2001 mine closure. The new year will be another exciting period of growth for the Company as we expect to complete the next phase of expansion work, leading towards our mission of becoming the next mid-tier silver producer," said David Wolfin, President, and CEO & DIRECTOR.