Avino Silver & Gold (TSX: ASM, NYSE:ASM) announced on Monday it is starting a phased ramp-up of operational activities at its Avino mine near Durango, Mexico.
On May 15, 2020, the Mexican Federal Government authorized the resumption of mining activities as of June 1, 2020, for municipalities that present low or no known cases of covid-19.
“I am very appreciative of the way our team in Mexico handled the difficult challenges faced during the last few months due to the global pandemic,” said CEO David Wolfin in a media release.
It is expected that the ramp-up to production at levels seen prior to March 31, 2020, could take approximately two weeks as the company implements the back to work guidelines, it said.
The Avino mine produced a record 262,238 silver ounces in Q1, the highest quarterly total achieved to date.
Midday Tuesday, Avino’s stock was up 12.5% on the TSE. The company has a C$83.4 million market capitalization.