Day: April 2, 2018

“We successfully achieved our internal production targets in 2017, and we are very close to the completion of Mill Circuit 4, a significant investment in Avino’s future, while maintaining a solid financial position” said David Wolfin, President and CEO. “During the year, we delivered a positive PEA on the Oxide Tailings project, completed a 22-hole drill program comprising 3,374 metres between San Luis and Elena Tolosa, and an additional drill program located to the East and to the North of the Avino vein targeting three areas of mineralization. The drill results support the continuation of the extensive Avino vein system. We delivered an 11% increase in revenue, an improvement in earnings, and maintained consistent silver equivalent production levels. Avino is celebrating its 50th year in the mining industry, and this would not be possible without the support and dedication of our teams in both Canada and Mexico.”

Christian Milau, Chief Executive Officer, commented, “Fiscal 2017 was a year of significant change and growth for the Company. During 2017 we completed two major transactions, acquiring the Aurizona Gold Mine in Brazil through the merger with Luna Gold in March and acquiring NewCastle Gold and Anfield Gold in December to add the Castle Mountain Gold Mine in California to our production pipeline and expand the Company’s treasury…”