Panama’s President blames previous gov’t for First Quantum mine crisis
The Cobre Panama mine paid the price for the accumulated national discontent, said President José Raúl Mulino.
Avino Silver & Gold Mines (TSX: ASM) has reported the death of a contractor’s employee at its flagship property in Durango, Mexico.
Avino said management and staff are supporting the Mexican authorities with their investigation, and it currently does not expect the accident to affect production from the Avino mine.
“On behalf of Avino, we extend our sincerest sympathies and support to the families, friends and colleagues of the deceased,” stated David Wolfin, president and CEO of Avino.
The Avino mine, which entered commercial production in 2016, produced around 985,000 oz. of silver, 5,778 oz. of gold and 6.5 million lb. of copper in 2022, beating the high end of its guidance in terms of silver-equivalent.
The company recently delivered an updated resource estimate for the Avino property, with total measured and indicated resources of 34.6 million tonnes containing 70 million oz. of silver, 596,650 oz. of gold, and 301.4 million lb. of copper in all deposits.
