Most Recent Update - Preliminary Feasibility Study
In February 2024, Avino Silver & Gold Mines Ltd. reported the results of the Preliminary Feasibility Study (the “PFS”) prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects (“NI 43-101”) for its Oxide Tailings Project (the “OTP” or the “Project”) at the Company’s Avino Mine Operations located near Durango in west-central Mexico (the “Property”). The work that was completed as the basis for the PFS was managed by Tetra Tech Canada Inc. of Vancouver, BC.
Read the Report
“The completion of the PFS is a key milestone in Avino’s path to transformational growth.
The economics of our oxide tailings project combined with the relatively low capital requirements has the potential to significantly enhance the current Avino operation and grow cashflow.”
The economics of our oxide tailings project combined with the relatively low capital requirements has the potential to significantly enhance the current Avino operation and grow cashflow.”
~ David Wolfin, President & CEO of Avino
Pre Feasibility Study Highlights
Economic Returns
Base Case
Base Case
The gold and sliver prices for the financial analysis were:
Silver Price: US$23.45/tr. oz
Gold Price: US$1,840/tr. oz
US$61M
Post-Tax NPV 5%
US$98M
Pre-Tax NPV 5%
26%
Post-Tax IRR
35%
Post-Tax IRR
Payback Period
3.5 Years Post-Tax
Payback Period
2.9 Years Pre-Tax
Capital Costs - LOM
Production Unit Costs
US$49.1 Million
Initial Capital Cost
US$9.71 per tr oz/AgEq
Cash Costs
US$10.23 per tr oz/AgEq
AISC All-In Sustaining Cost
Direct
Employment
Local Economy
to Benefit
121
Employees in Durango
Over $50 Million
In Mexican Tax Contributions
Additional Jobs
Indirect Employment and Contractors
Over $140 Million
Exp. Local Economy Contributions
Adding to Growth Profile
Nominal Processing Rate
6.7 Million Tonnes
Proven & Probable Mineral Reserves
2,250 tpd
Nominal Process Rate
55 g/t
Ag Grade
821,250 tpy
92% plant availablity
0.47 g/t
Au Grade
9 Years
Life of mine
Metal Recoveries
Doré Production
77.2%
Ag
74.9%
Au
9,073,000
oz Ag
76,000
oz Au
Ease of Construction & Operation
Location
Within Existing Avino Mine Operations
Infrastructure
Power, water & road established
Oxide Tailings
Feasibility Study Timeline - From PEA to PFS
“For the first time in Avino’s lengthy history, we are proud to demonstrate Proven and Probable Mineral Reserves. We have taken a dynamic leaching approach to the tailings reprocessing to improve overall recoveries and mitigate the potential recovery variability compared with heap leaching. We have selected, in this design, a simple, conventional flowsheet to keep capital costs low and allow for a faster and simpler build if and when a construction decision is made.”
~ Peter Latta, VP Technical Services
~ Peter Latta, VP Technical Services