Avino Silver & Gold Mines Ltd. (ASM.V) reported February 2013 production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.
Highlights:
– Grade of concentrate produced was higher in February than January resulting in fewer tonnes of concentrate.
– Silver and gold production decreased slightly compared to January due to lower silver and gold feed grades and gold recovery.
– Silver recovery was similar to January but the gold recovery was 4% lower. The lower recovery could be the result of producing a higher grade concentrate (higher concentrate grades typically result in lower recoveries)
ASM was up more than 4% to $1.65, with 52-week range of $1.08 – $2.25.
