Benzinga | Oct 15, 2021 06:47AM EDT

Avino Silver & Gold Mines Q3 Production ~285.5K Silver Equivalent Oz., ~685.5K Pounds Of Copper

Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE:ASM) (FSE: GV6) ("Avino" or "the Company") reports that production of 285,464 silver equivalent ounces*, consisting of 77,935 ounces of silver, 1,183 ounces of gold, and 685,535 pounds of copper, was achieved in the third quarter 2021 from its Avino Mine property near Durango, Mexico.

"We are very pleased to announce our third quarter production results which followed a period of operational closure," said David Wolfin, President and CEO of Avino. "The entire Avino team worked tremendously hard to assist in the resumption of operations in August, and successfully achieve production for the quarter. Moving forward, we aim to steadily increase production to reach the levels established prior to the closure. I am also thrilled that training programs are ongoing at the mine as we look to further build a local workforce."

2021 Third Quarter Highlights

* Avino Mine successfully recommenced operations: Underground mining operations are now hauling between 1,000 and 1,500 tpd to surface on a daily basis, with the mill operating at a similar capacity. The Company is working towards achieving pre-shutdown levels of mine and mill production. Current plant capacity remains at 2,500 tpd.

* Increase in overall feed grades from the Avino Mine: Silver, gold and copper grades increased by 16%, 138% and 18%, respectively, compared to the last quarterly production period of Q2 2020.

* Increase in copper recovery rates from the Avino Mine: Copper recovery rose to 94% from 90%, and metal grades across the board where higher when compared to the last quarterly production period of Q2 2020.

During Q3 2021 production came primarily from the Avino Mine. The Company is currently mining and milling from the Avino Mine only. As part of the ramp-up of operations 10,806 tonnes of Historic Above Ground stockpile material having been processed during Q3 2021. Production from this material totaled 15,784 silver equivalent ounces, consisting of 9,336 ounces of silver, 58 ounces of gold, and 12,584 pounds of copper, and there was no comparable production from Q2 2020.

Avino Production Highlights for Q3 2021 (Compared to Q2 2020 -- most recent quarter of production)

* Silver equivalent production increased 70% to 269,680 ounces*

* Copper production increased by 46% to 672,951 lbs

* Silver production increased by 36% to 68,599 oz

* Gold production increased by 179% to 1,125 oz



*In Q3 2021, AgEq was calculated using metals prices of $24.36 oz Ag,$1,790 oz Au and $4.25 lb Cu. In Q2 2020, AgEq was calculated using metalsprices of $16.38 oz Ag, $1,707 oz Au and $2.45 lb Cu. Calculated figures maynot add up due to rounding.



Consolidated Production Tables

Q3 2021

Production by Mine Tonnes SilverGold Copper AgEq ProcessedOz Oz Lbs

Avino 47,452 68,5991,125672,951269,680

Historic Above Ground Stockpiles10,806 9,336 58 12,584 15,784

Consolidated 58,258 77,9351,183685,535285,464

YTD 2021

Production by Mine Tonnes SilverGold Copper AgEq ProcessedOz Oz Lbs

Avino 50,985 72,1021,171727,994285,157

Historic Above Ground Stockpiles10,806 9,336 58 12,584 15,784

Consolidated 61,791 81,4381,229740,578300,941



Q3 2021

GradeGradeGradeRecoveryRecoveryRecoveryGrade & Recovery by Mine Ag g/Au g/Cu % Ag % Au % Cu % t t

Avino 50 0.95 0.68 90% 77% 94%

Historic Above Ground 41 0.26 0.12 65% 63% 45% Stockpiles

Consolidated 48 0.83 0.58 86% 75% 85%

YTD 2021

GradeGradeGradeRecoveryRecoveryRecoveryGrade & Recovery by Mine Ag g/Au g/Cu % Ag % Au % Cu % t t

Avino 49 0.92 0.69 90% 78% 94%

Historic Above Ground 41 0.26 0.12 65% 63% 45% Stockpiles

Consolidated 48 0.81 0.59 86% 75% 85%

Avino Mine Production Highlights1



Q3 Q2 QuarterlyYTD 2021 20202 Change 2021

Total Mill Feed (dry tonnes) 47,452 40,190 18% 50,985

Feed Grade Silver (g/t) 50 43 16% 49

Feed Grade Gold (g/t) 0.95 0.40 138% 0.92

Feed Grade Copper (%) 0.68 0.58 18% 0.69

Recovery Silver (%) 90% 90% -% 90%

Recovery Gold (%) 77% 79% -2% 78%

Recovery Copper (%) 94% 90% 5% 94%

Total Silver Produced (oz) 68,599 50,581 36% 72,102

Total Gold Produced (oz) 1,125 404 179% 1,171

Total Copper Produced (Lbs) 672,951459,76746% 727,994

Total Silver Equivalent Produced (oz)3269,680158,28670% 285,157

110,806 tonnes of historic above ground stockpiles were processed during Q32021 as part of the ramp-up of operations. Production from this materialtotaled 15,784 silver equivalent ounces, consisting of 9,336 ounces of silver,58 ounces of gold, and 12,584 pounds of copper, and there was no comparableproduction from Q2 2020.

2Q2 2020 was the most recent quarter of consolidated production and is mostappropriate for comparison purposes.

3In Q3 2021, AgEq was calculated using metals prices of $24.36 oz Ag, $1,790 ozAu and $4.25 lb Cu. In Q2 2020, AgEq was calculated using metals prices of$16.38 oz Ag, $1,707 oz Au and $2.45 lb Cu. Calculated figures may not add updue to rounding.

Exploration and Operational Update

Exploration:

At the end of September, a total of 12,179 metres of drilling has been completed at the Avino property. The main areas for the third quarter of exploration include the Oxide Tailings, the area below current mining operations at Avino, as well as the highly prospective area of La Potosina.

Assay results are pending due to long turn around times at the laboratories and will be released once received and interpreted.