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Avino Silver & Gold (TSXV:ASM) (NYSE MKT:ASM) Report on silver production

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Avino Silver & Gold, symbol ASM on both the TSX Venture Exchange and the NYSE MKT, reported silver equivalent production of 1.35 million ounces for the year ending December 31, 2014, from the company’s Avino property, near Durango, Mexico. This is an increase of 49% from the 901,000 ounces produced during 2013.

Additional Information:

Company: Avino Silver & Gold
Website: http://www.avino.com/s/Home.asp
Stock Symbol: TSXV: ASM
Date Published: Jan 14, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch.com

Avino Silver & Gold, symbol ASM on both the TSX Venture Exchange and the NYSE MKT, reported silver equivalent production of 1.35 million ounces for the year ending December 31, 2014, from the company’s Avino property, near Durango, Mexico.

This is an increase of 49% from the 901,000 ounces produced during 2013.

Year over year, silver production increased 39% from 698,000 ounces to 970,000 ounces, with gold production increasing 60% from 3,243 ounces to 5,180 ounces.

Copper production doubled to 305,000 pounds.

David Wolfin, President & CEO stated: "We are pleased to report another record year of production and are excited to see our output grow significantly more this year with the Avino Mine re-habilitation and mill expansion now complete.”

The company’s production numbers jumped in the 4th quarter, after Circuit 2 began processing new underground material from the Avino mine

Prior to September 1, 2014, the above ground historical stockpiles were processed using mill Circuit 2.

When mill Circuit 3 came online in mid-November, the above ground stockpiles provided mill feed to commission the new 1,000 tonne per day circuit.

Silver and gold recoveries at the Avino Mine were both improved in the 4th quarter compared to the 4th quarter in 2013despite being processed during Circuit 3’s commissioning phase.

At the San Gonzalo Mine, tonnes mined and metres of underground development in the 4th quarter increased by 61% and 26% respectively over Q4 in 2013, due to the purchase of 2 additional scoops.

This contributed to a 24% improvement in silver equivalent production over Q4 of 2013, at the San Gonzalo Mine.

For more details, please refer to the company’s news release of January 12, 2015.

Join Avino on Monday January 19, 2015 at 9:30 AM (EST) for a live webcast of Avino's corporate presentation with Avino's President and CEO, David Wolfin, from the Noble Financial Capital Markets Eleventh Annual Investor Conference.

To access the live stream please visit Avino's website at least 10 minutes prior to the start of the presentation.

The video will also be available for viewing on Avino's homepage for several weeks following the conference.

Avino is trading at $1.88 and with 35.4 million shares outstanding, the company is capitalized at $66.5 million.

For more information please visit the company’s website www.avino.com, or contact David Wolfin, President & CEO, at 604-682-3701 or email ir@avino.com.

I’m Samantha Deutscher for Investmentpitch Media
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