Day: November 30, 2018

“We are very pleased to have worked with Samsung C&T since July, 2015” said David Wolfin, President and CEO. “Extending the original contract shows that the relationship is beneficial to both parties. We are pleased that Samsung C&T, one of the world’s most recognizable companies views Avino as a trusted partner, and we thank them for their ongoing support.”

The Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.

“During the third quarter we saw the beginning of the turnaround in our mining operations, as our quarter over quarter revenues from mining operations and improved production costs demonstrate.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “Although the positive changes to our production volumes and operating costs were modest, as a result of our significant mine development this year and continued focus on such at both Veta Grande and Rosario, we firmly believe that we are now positioned to see improved production volumes and increased grade of mineralized material being milled at both projects leading to lower unit costs of production.”