Avino Updated Technical Report Indicates US$38.2 Million Net Present Value (NPV) at 8% Discount Rate

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