Avino Silver & Gold Mines experienced a decline in production during the second quarter of this year. The decrease was primarily driven by delays in equipment delivery and mining in lower grade areas, though the company assures that these issues have now been resolved.
- Silver Equivalent Production: The company’s silver equivalent production from its wholly owned Avino mine in Mexico decreased by 10% to 587,317 ounces.
- Silver Production: Despite the overall decline, silver production actually saw a 3% increase, reaching 232,417 ounces.
- Copper Production: Copper production fell by 12% to 1.45 million pounds.
- Gold Production: On a positive note, gold production experienced a 13% increase, totaling 1,520 ounces.
The mill throughput during the period saw a significant increase of 33%, processing a total of 157,371 metric tons of ore.
Addressing Production Challenges
The decrease in production during the quarter was primarily attributed to mine sequencing of certain lower grade zones of the Avino Mine, along with supply chain issues for maintenance parts that affected the mill’s recovery.
However, these challenges provided an opportunity for the company to make upgrades to the haulage ramp. These upgrades have since allowed Avino to surpass its original underground maximum haulage rates. As a result, the company expects production to recover and align with its internal guidance in the second half of the year.