VANCOUVER, BC, Aug. 3, 2021 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM)
(NYSE American: ASM) (FSE: GV6), "Avino" or "the Company") is
pleased to announce that mining operations have restarted at its
Avino Mine.
"We are extremely pleased to announce that mining operations
have resumed at the Avino Mine," said David
Wolfin, President and CEO. "Over the last few months, our
team has worked diligently as they prepared the mine-site for
commencement of operational activities, which included hiring mine
personnel and re-establishing the mill circuits. During
operational closure, there were a number of upgrades made to
improve recoveries at the mill. With the current higher metal
prices, we look forward to generating positive cash flow again. As
one of the main employers in the area, the restart of operations
will play a critical role for the local communities, and it was
important to bring a local workforce back."
Management expects throughput at the mill will ramp-up quickly
to levels prior to shut down. In addition, we are infill-drilling
the oxide tailings resource that sits within our tailings storage
facility, as well as continuing the previously reported exploration
drill program.
About Avino
Avino is primarily a silver producer from
its wholly owned Avino Mine near Durango,
Mexico. The Company's silver and gold production remains
unhedged. The Company's mission and strategy is to create
shareholder value through organic growth at the historic Avino
Property and the strategic acquisition of mineral exploration and
mining properties. We are committed to managing all business
activities in a safe, environmentally responsible, and
cost-effective manner, while contributing to the well-being of the
communities in which we operate.
On Behalf of the Board
"David Wolfin"
________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines
Ltd.
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 the updated mineral
resource estimate for the Company's Avino Property located near
Durango in west-central Mexico
(the "Property") with an effective date of January 13, 2021 prepared for the Company.
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. No
assurance can be given that the Company's Property has the amount
of the mineral resources indicated in the updated report or that
such mineral resources may be economically extracted.
Such factors and assumptions include, among others, the effects
of general economic conditions, the price of gold, silver, and
copper, changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and
negotiations and misjudgments while preparing forward-looking
information. In addition, there are known and unknown risk factors
which could cause our actual results, performance, or achievements
to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Known risk factors include risks associated with
project development; the need for additional financing; operational
risks associated with mining and mineral processing; the COVID-19
pandemic; volatility in the global financial markets; fluctuations
in metal prices; title matters; uncertainties and risks related to
carrying on business in foreign countries; environmental liability
claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain of our officers, directors or
promoters with certain other projects; the absence of dividends;
currency fluctuations; competition; dilution; the volatility of the
our common share price and volume; tax consequences to U.S.
investors; and other risks and uncertainties. Although we have
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking statements except
as required under applicable securities laws. For more detailed
information regarding the Company including its risk factors,
investors are directed to the Company's Annual Report on Form 20-F
and other periodic reports that it files with the U.S. Securities
and Exchange Commission.
References to Measured & Indicated Mineral Resources and
Inferred Mineral Resources are terms that are defined under
Canadian rules by National Instrument 43-101 ("NI 43-101").
U.S. Investors are cautioned not to assume that any part of the
mineral resources in these categories will ever be converted into
Reserves as defined under SEC Industry Guide 7.
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SOURCE Avino Silver & Gold
Mines Ltd.