Silver equivalent for January through March was calculated using a 55:1 ratio for silver to gold. For the months of October, November and December, a 50:1 ratio was used in the calculation. (The ratio was changed to reflect more current gold and silver prices.) Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Year-to-date and calculated figures may not add up due to rounding.
March Highlights-- Total silver equivalent ounces in March increased by 16.7% over February.-- The increase was due to the higher tonnage processed, improved silver recovery of 83%, and the better gold feed grade of 1.4 g/t.-- Tonnage processed was higher than February because of 2 additional operational days.-- Silver concentrate grade was slightly lower in March and resulted in more tonnage of concentrate produced. However, the gold grade in the concentrate increased due to the higher gold grade in the feed and the improved gold recovery.-- During the month, two truckloads of concentrate were shipped and sold; the balance of the concentrate produced in March will be shipped in April.-- Stockpiled inventory near the crushing facility increased to an estimated 13,674 from 12,610 tonnes in March.
Processing Facility Update
Activation of circuit 2 (see news release dated March 04, 2013) is well underway. The new 250 tpd circuit is expected to be tested in mid-April and will initially be used to process existing historic Avino mine stock piles left on the surface during our previous operation prior to 2001.
Quality Assurance/Quality Control
Mill assays are performed at the lab onsite at the mine. Check samples are verified by SGS laboratory Services in Durango, Mexico. Concentrate shipments are assayed at AH Knight in Manzanillo, Mexico.
Avino's projects are under the supervision of Chris Sampson, P.Eng, BSc, ARSM Avino Consultant and Mr. Jasman Yee P.Eng, Avino director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.
Founded in 1968, Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico. We are committed to managing all business activities in an environmentally responsible and cost-effective manner while contributing to the well-being of the community in which we operate.
Avino's key goal is to become a significant low-cost primary silver producer with specific objectives to: 1) expand resources and reserves, 2) increase the mine's output, and 3) identify, explore and develop new targets on the property.
ON BEHALF OF THE BOARD
David Wolfin, President & CEO
Safe Harbor Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of various studies including the PEA, and exploration results, the potential tonnage, grades and content of deposits, timing and establishment and extent of resources estimates. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.