The start of commercial production at Avino Silver and Gold Mines’ (TSXV: ASM; NYSE: ASM) Avino ET mine – the second and largest mine on the company’s Avino property in Mexico – signals better times ahead for the junior precious metals producer.
The Avino ET mine, 82 km northeast of Durango, moved into commercial production on April 1, after a 19-month advancement and test period and produced 341,521 silver-equivalent ounces in the second quarter of this year.
Folding in production of another 288,259 oz AgEq from the company’s high grade San Gonzalo mine – which started commercial production in 2012 about 2 km northeast of the Avino ET mine – brings the company’s total production in the three months ended June 30 to 629,780 oz.
The company forecasts it will produce between 2.8 million and 3 million oz AgEq at its operations in Mexico this year and is confident it will hit other key milestones in the near future.
Read the entire story at www.NorthernMiner.com/news/avino-silver-gold