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Avino Silver & Gold (TSXV:ASM) reported the highest silver equivalent ounce output in the company’s 49-year history

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Avino Silver & Gold (TSXV:ASM) (NYSE MKT:ASM) (FSE: GV6) reported the highest silver equivalent ounce output in the company’s 49-year history. For the year ended December 31, 2015, the company reported silver equivalent production of 3,020,000 ounces and increase of 116% over the previous year.

Additional Information:

Company: Avino Silver & Gold
Website: http://www.avino.com/s/Home.asp
Stock Symbol: TSXV: ASM
Date Published: Jan 18, 2016
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for InvestmentPitch Media

Avino Silver & Gold (TSXV:ASM) (NYSE MKT:ASM) (FSE: GV6) reported the highest silver equivalent ounce output in the company’s 49-year history. For the year ended December 31, 2015, the company reported silver equivalent production of 3,020,000 ounces and increase of 116% over the previous year.

Silver production increased 68% to 1,625,000 ounces with gold production up 37% to 7,083 ounces.

Copper production increased 1,453% to 4.7 million pounds.

The improved output resulted in part from the company’s investment in equipment and facility upgrades, which in the past 5 years totalled approximately $25 million.

A highlight of the year was the new partnership with Samsung.

David Wolfin, President & CEO stated: “This was a long-term agreement with one of the world’s largest and most recognized industrial brands that put a very important stamp of approval on our operations. We're thrilled to be contributing to Samsung's manufacturing and construction capacity under their rigorous supplier standards, and their US$10 million investment in our business helped us to continue expansion throughout the year.”

Avino, located in the Durango region of North Central Mexico, is one of the industry's purest silver producers.

Avino is trading at CDN$1.10 and with 37.3 million shares outstanding, the company is capitalized at $41 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 Amanda Rose Schellenberg for InvestmentPitch Media