Avino Silver Mines (ASM.V, NYSEMKT:ASM) has announced its production results for July. Avino recovered 59,300 ounces of silver and 281 ounces of gold from 12,294 tonnes of which 52% came from San Gonzalo and approximately 48% was recovered from historic stock piles.
The feed grade at San Gonzalo remained stable at 285g/t silver and a slight improvement in the gold grade to 1.31g/t increased the gold production by 12 ounces, despite the 3.2% lower monthly throughput which was caused by the lower mill availability (91.8% vs 95.8% in June).
Avino seems to be making steady progress towards its planned 1500tpd capacity in 2014.
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Disclosure: The author currently holds no position in Avino Silver Mines. Please see our disclaimer for current positions.
