Avino Silver and Gold (ASM.V, NYSEMKT:ASM) reported it has produced almost 71,800 ounces of silver and close to 400 ounces of gold in February of this year, which is approximately 96,500 silver-equivalent ounces. However, this is approximately 9% lower than in January of this year when in excess of 105,000 silver-equivalent ounces were produced. The lower output is obviously caused by the fact that February counts just 28 days which needs to be taken into consideration when comparing monthly figures.
Avino Silver is still gradually ramping up its production, and the grade at the San Gonzalo mine is increasing step by step. We’re looking forward to see the March production numbers which will probably be released sometime next week.
> Click here to read the press release
Disclosure: The author holds no position in Avino Silver and Gold. Please see our disclaimer for current positions.
