Avino Highlights Strong Q4 and Full Year 2024 Production Results
Avino Silver & Gold Mines reported strong Q4 and full-year 2024 production results. Q4 production reached 735,557 silver equivalent ounces, up 32% from Q4 2023, while full-year production totaled 2.65 million silver equivalent ounces, a 10% increase from 2023.
Key Q4 achievements include: record mill throughput of 181,733 tonnes (26% increase), gold production of 2,560 ounces (76% increase), and improved operational metrics. The company ended 2024 with approximately $26 million in cash and remains debt-free. Health and safety performance showed significant improvement, with a 32% reduction in Lost Time Incident Frequency Rate.
The company met its production estimate range of 2.5-2.8 million silver equivalent ounces, driven by improved copper and silver grades, better copper recoveries, and higher mill feed compared to 2023. Underground development work at La Preciosa has commenced following permit approvals.
Avino Silver & Gold Mines ha riportato risultati di produzione forti per il quarto trimestre e per l'intero anno 2024. La produzione del quarto trimestre ha raggiunto 735.557 once equivalenti d'argento, con un aumento del 32% rispetto al quarto trimestre del 2023, mentre la produzione totale per l'intero anno ha ammontato a 2,65 milioni di once equivalenti d'argento, con un incremento del 10% rispetto al 2023.
Le principali conquiste del quarto trimestre includono: una capacità di lavorazione del mulino record di 181.733 tonnellate (incremento del 26%), produzione d'oro di 2.560 once (incremento del 76%), e metriche operative migliorate. L'azienda ha chiuso il 2024 con circa 26 milioni di dollari in cassa e rimane senza debiti. Le prestazioni in materia di salute e sicurezza hanno mostrato un miglioramento significativo, con una riduzione del 32% nella Frequenza degli Incidenti di Tempo Perso.
L'azienda ha raggiunto la sua stima di produzione compresa tra 2,5-2,8 milioni di once equivalenti d'argento, sostenuta da miglioramenti nei gradi di rame e argento, migliori recuperi di rame e un'alimentazione del mulino più alta rispetto al 2023. I lavori di sviluppo sotterraneo presso La Preciosa sono iniziati a seguito delle approvazioni dei permessi.
Avino Silver & Gold Mines reportó resultados de producción sólidos para el cuarto trimestre y el año completo 2024. La producción del cuarto trimestre alcanzó 735,557 onzas equivalentes de plata, un aumento del 32% en comparación con el cuarto trimestre de 2023, mientras que la producción total del año fue de 2.65 millones de onzas equivalentes de plata, un aumento del 10% en comparación con 2023.
Los logros clave del cuarto trimestre incluyen: un rendimiento de molino récord de 181,733 toneladas (aumento del 26%), producción de oro de 2,560 onzas (aumento del 76%) y métricas operativas mejoradas. La empresa cerró 2024 con aproximadamente $26 millones en efectivo y sigue sin deudas. El rendimiento en salud y seguridad mostró una mejora significativa, con una reducción del 32% en la Frecuencia de Incidentes de Tiempo Perdido.
La empresa cumplió con su rango de estimación de producción de 2.5 a 2.8 millones de onzas equivalentes de plata, impulsada por la mejora en los grados de cobre y plata, mejores recuperos de cobre y un mayor suministro del molino en comparación con 2023. El trabajo de desarrollo subterráneo en La Preciosa ha comenzado después de la aprobación de permisos.
아비노 실버 & 골드 마인즈는 2024년 4분기 및 연간 생산 결과를 발표했습니다. 4분기 생산량은 735,557온스의 은 환산량에 도달했으며, 이는 2023년 4분기 대비 32% 증가한 수치입니다. 전체 연간 생산량은 265만 온스의 은 환산량으로, 2023년 대비 10% 증가했습니다.
주요 4분기 성과로는: 181,733톤의 기록적인 밀 처리량(26% 증가), 2,560온스의 금 생산량(76% 증가), 그리고 개선된 운영 지표가 포함됩니다. 회사는 2024년을 약 2,600만 달러의 현금으로 마감하였으며, 부채가 없습니다. 보건 및 안전 성과는 상당한 개선을 보여 32%의 잃은 시간 사고 빈도율 감소를 기록했습니다.
회사는 2.5~2.8백만 온스의 은 환산 생산 추정치를 충족했으며, 이는 향상된 구리 및 은 품위, 더 나은 구리 회수율, 그리고 2023년 대비 더 높은 밀 공급 덕분입니다. 라 프레시오사에서의 지하 개발 작업은 허가 승인 후 시작되었습니다.
Avino Silver & Gold Mines a annoncé des résultats de production solides pour le quatrième trimestre et pour l'année 2024. La production du quatrième trimestre a atteint 735 557 onces d'argent équivalentes, soit une augmentation de 32 % par rapport au quatrième trimestre 2023, tandis que la production totale pour l'année s'est élevée à 2,65 millions d'onces d'argent équivalentes, soit une augmentation de 10 % par rapport à 2023.
Les réalisations clés du quatrième trimestre comprennent : un débit de moulin record de 181 733 tonnes (augmentation de 26 %), une production d'or de 2 560 onces (augmentation de 76 %) et des indicateurs opérationnels améliorés. L'entreprise a terminé 2024 avec environ 26 millions de dollars en liquide et reste sans dette. Les performances en matière de santé et de sécurité ont montré une amélioration significative, avec une réduction de 32 % du taux de fréquence des incidents de perte de temps.
L'entreprise a respecté son intervalle d'estimation de production de 2,5 à 2,8 millions d'onces d'argent équivalentes, soutenue par l'amélioration des teneurs en cuivre et en argent, de meilleures récupérations de cuivre et une alimentation du moulin supérieure à celle de 2023. Les travaux de développement souterrain à La Preciosa ont commencé après l'obtention des autorisations.
Avino Silver & Gold Mines berichtete von starken Produktionszahlen für das vierte Quartal und das gesamte Jahr 2024. Die Produktion im vierten Quartal erreichte 735.557 Silberäquivalentunzen, was einem Anstieg von 32 % im Vergleich zum vierten Quartal 2023 entspricht, während die Gesamterzeugung im Jahr 2,65 Millionen Silberäquivalentunzen betrug, was einem Anstieg von 10 % im Vergleich zu 2023 entspricht.
Zu den wichtigsten Leistungen im vierten Quartal gehören: ein Rekordmahlungsdurchsatz von 181.733 Tonnen (26 % Anstieg), eine Goldproduktion von 2.560 Unzen (76 % Anstieg) und verbesserte Betriebsmetriken. Das Unternehmen schloss das Jahr 2024 mit etwa 26 Millionen Dollar in bar ab und bleibt schuldenfrei. Die Leistung im Bereich Gesundheit und Sicherheit zeigte eine erhebliche Verbesserung, mit einem Rückgang der Häufigkeit von Arbeitsunfällen um 32 %.
Das Unternehmen hat die Produktionsschätzung von 2,5 bis 2,8 Millionen Silberäquivalentunzen erreicht, angetrieben durch verbesserte Kupfer- und Silbergehalte, höhere Kupferausbeuten und eine höhere Mahleinspeisung im Vergleich zu 2023. Die unterirdischen Entwicklungsarbeiten in La Preciosa haben nach Genehmigungsprozessen begonnen.
- Q4 silver equivalent production increased 32% YoY to 735,557 ounces
- Record quarterly mill throughput of 181,733 tonnes, up 26% YoY
- Gold production increased 76% YoY in Q4 to 2,560 ounces
- Strong cash position of $26 million with debt-free status
- 32% reduction in Lost Time Incident Frequency Rate
- Full-year production met guidance at 2.65 million silver equivalent ounces
- None.
Insights
The Q4 and full-year 2024 production results from Avino demonstrate robust operational performance with several noteworthy achievements. The 32% increase in quarterly silver equivalent production to
The financial position is especially strong with
For investors, these results indicate strong operational momentum heading into 2025, with the potential for further value creation through the La Preciosa expansion. The combination of improved production metrics, robust cash position and upcoming growth initiatives positions Avino favorably in the precious metals sector.
The production metrics reveal compelling improvements in metal recovery and grade quality. The increase in feed grade silver to 56 g/t and enhanced recovery rates - particularly copper recovery at
Most notably, the
The commencement of La Preciosa development marks a pivotal expansion phase that could substantially enhance the company's production profile. The debt-free status and strong cash position provide strategic flexibility for executing this growth initiative while maintaining operational stability.
VANCOUVER, BC / ACCESS Newswire / January 21, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico , achieved fourth quarter production totaled 735,557 silver equivalent ounces, and full year 2024 production results of 2.65 million silver equivalent ounces.
PRODUCTION HIGHLIGHTS - Q4 2024 (COMPARED TO Q4 2023)
Silver Equivalent Production Increased
32% : Avino produced 735,557 silver equivalent ounces in Q4 2024, representing a32% increase from Q4 of 2023 and a10% increase compared to the previous quarter. The increase was driven by improved gold grades and increased mill throughput.Mill Throughput Increased
26% : The Company processed 181,733 tonnes in Q4 2024, a26% increase compared to Q4 2023, and the highest quarter in the Company's history. Mill availability and performance is a result of considerable efforts from our operations team in Durango, allowing for meaningful improvements in operational metrics, as well as improving the Company's cash and working capital positions.Gold Production Increased
76% : Q4 2024 production of 2,560 gold ounces represented a76% increase compared to Q4 2023 and was our highest quarter of gold production in 2024. Improved feed grade accounted for the majority of the increase, alongside the mill availability noted above.Silver equivalent production increased
10% : Avino produced 2,652,498 silver equivalent ounces in 2024, representing a10% increase from 2023. The positive movement was primarily due to improved copper and silver grades, improved copper recoveries, and higher mill feed compared to 2023. Full year production results were within our production estimate of 2.5 to 2.8 million silver equivalent ounces, even after adjusting for changes in metal prices throughout 2024. Silver equivalent production for the year would have been 2.73 million silver equivalent ounces using original budget metal prices, at the upper end of our production estimate range.Health and Safety Performance Improvements: The Company achieved a reduction in Lost Time Incident Frequency Rate ("LTIFR") of
32% for 2024 to 3.39 per 1,000,000 hours worked, while seeing an increase in hours worked by47% at the Avino operations. Reportable lost time incident frequency rate also decreased to 0.07, down over90% from 2023.
PRODUCTION HIGHLIGHTS - FULL YEAR 2024 (COMPARED TO 2023)
Avino Mine Production - Q4 and FY2024 compared to 2023
Q4 | Q4 | Change |
| FY 2024 | FY 2023 | Change |
181,733 | 143,798 | Total Mill Feed (dry tonnes) | 648,774 | 615,373 | ||
56 | 56 | Feed Grade Silver (g/t) | 61 | 54 | ||
0.59 | 0.45 | Feed Grade Gold (g/t) | 0.51 | 0.51 | ||
0.52 | 0.49 | Feed Grade Copper (%) | 0.51 | 0.47 | ||
Recovery Silver (%) | ||||||
Recovery Gold (%) | - | |||||
Recovery Copper (%) | ||||||
283,794 | 224,723 | Total Silver Produced (oz) | 1,109,214 | 928,643 | ||
2,560 | 1,452 | Total Gold Produced (oz) | 7,477 | 7,335 | ||
1,773,694 | 1,317,793 | Total Copper Produced (Lbs) | 6,197,603 | 5,304,808 | ||
735,557 | 558,460 | Total Silver Equivalent Produced (oz) 1 | 2,652,498 | 2,415,232 | ||
|
|
|
|
|
|
|
"Our team closed out the fourth quarter with our highest quarter of production this year, capping off an impressive performance in the second half of 2024," said David Wolfin, President and CEO of Avino. "In the final quarter of the year, all mill circuits operated exceptionally well, overcoming the crusher challenges faced earlier in Q2, with mill availability and throughput at an all-time quarterly high. Our focus on cost management continues to yield results, with mining costs notably decreasing. Improved mill availability, higher feed grades and better copper recoveries all contributed to meeting our production estimate of 2.5 to 2.8 million silver equivalent ounces. We ended the year on a high note, with final quarter results surpassing our goals by a significant margin. Looking ahead, our operations team will be in expansion mode, as La Preciosa development is now underway."
Balance Sheet Update
Avino had approximately
La Preciosa Update
As previously announced on January 15, 2025 , Avino has started underground development work at La Preciosa after receiving all required permits.
2025 Outlook & 2024 Year in Review
The Company will release its plans for 2025, and a review of accomplishments and milestones achieved in 2024 in the coming weeks.
Quality Assurance/Quality Control
Mill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.
Qualified Person(s)
Peter Latta, P. Eng, MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this news release.
About Avino
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 million silver equivalent ounces, within our district-scale land package. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines . To view the Avino Mine VRIFY tour, please click here .
For Further Information, Please Contact:
Investor Relations
Tel: 604-682-3701
Email: IR@avino.com
This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino Property, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of November 30, 2022, prepared for the Company, and references to Measured, Indicated, Inferred Resources dated October 16, 2023 as well as the Prefeasibility Study dated January 16, 2024 and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.
Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources
All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The U.S. Securities and Exchange Commission ("SEC") now recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any "measured mineral resources," "indicated mineral resources," or "inferred mineral resources" that the Issuer reports are or will be economically or legally mineable. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Footnotes:
1. In Q4 2024, AgEq was calculated using metal prices of
SOURCE: Avino Silver & Gold Mines Ltd.
View the original press release on ACCESS Newswire
FAQ
What was Avino's (ASM) silver equivalent production in Q4 2024?
How much cash did Avino (ASM) have at the end of 2024?
What was Avino's (ASM) total silver equivalent production for full-year 2024?
How did Avino's (ASM) mill throughput perform in Q4 2024?
What improvements did Avino (ASM) achieve in safety performance during 2024?
