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Results from an updated NI 43-101 compliant Technical Report by Tetra Tech Wardrop on the Tailings Retreatment Process Option for the Avino Silver & Gold Mines Ltd. (TSXV:ASM,FWB:GV6) mine tailings in the Durango mining district of Mexico were announced.
Results from an updated NI 43-101 compliant Technical Report by Tetra Tech Wardrop on the Tailings Retreatment Process Option for the Avino Silver & Gold Mines Ltd. (TSXV:ASM,FWB:GV6) mine tailings in the Durango mining district of Mexico were announced.
As quoted in the press release:
Financial results of the Technical Report:
Tetra Tech’s long-term consensus metal prices (as of January 27, 2012) used in the base case were as follows:
- gold – US$1,271.00/oz
- silver – US$20.59/oz
The pre-tax financial results were as follows:
- 60% internal rate of return (IRR)
- 1.5-year payback
- US$38.2 million net present value (NPV) at 8% discount rate
Recommendations:
It is recommended that the following tasks could be executed for making a production decision for the Avino Tailings Retreatment Project:
- Drilling the tailings for reserve estimate.
- Running assay and metallurgical test works for confirming the deposit and the recovery of silver and gold.
- Preparing an economic analysis for the treatment of both oxide and sulphide tailings material.
Click here to read the Avino Silver & Gold Mines Ltd. (TSXV:ASM) press release
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