Welcome to our dedicated page for Avino Silver Gld news (Ticker: ASM), a resource for investors and traders seeking the latest updates and insights on Avino Silver Gld stock.
Avino Silver & Gold Mines Ltd (ASM:ASM) delivers precious and base metals through sustainable mining practices. This news hub provides investors with essential updates on operational developments, financial performance, and strategic growth in the mineral exploration sector.
Access real-time press releases covering quarterly earnings, resource estimates compliant with NI 43-101 standards, and operational milestones from the Avino Mine district. Our curated collection includes updates on exploration progress, metal production figures, and sustainability initiatives without speculative commentary.
Key updates feature expansion of mineral reserves, mill optimization achievements, and community engagement programs. Investors will find critical information on copper production trends, silver equivalent resource calculations, and cost management strategies that drive Avino's operational efficiency.
Bookmark this page for direct access to verified ASM disclosures. Combine regular monitoring with fundamental analysis to track the company's progress in Mexico's mineral-rich regions while maintaining awareness of precious metal market dynamics.
Avino Silver & Gold Mines Ltd. (ASM) has announced an updated mineral resource estimate for its Avino Property in Mexico. Highlights include a 60% increase in silver equivalent ounces to 75.9 million ounces and a 90% increase in overall tonnage, totaling 20.3 million metric tonnes. Gold and copper grades also improved by 6% and 11%, respectively. However, there was a 10% decrease in consolidated silver grades due to depletion at San Gonzalo. The report, prepared by Tetra Tech Inc., will be available on SEDAR and SEC.
Avino Silver & Gold Mines Ltd. (ASM) announced its Q3 2020 financial results, revealing a significant revenue drop of 61% to $2.7 million due to a strike halting production. The net loss from continuing operations rose to $4.6 million, or $0.05 per share. Despite cash reserves increasing by 20% to $12.5 million, mine operating losses totaled $0.2 million, impacted by $0.9 million in standby costs. The company is preparing to restart operations following the resolution of the strike, with a reported $3 million raised from warrant exercises.
Avino Silver & Gold Mines Ltd. (ASM) will announce its Third Quarter 2020 financial results on November 9, 2020, after market close. A conference call and webcast are scheduled for November 10, 2020, at 8:00 a.m. PST (11:00 a.m. EST) to discuss the results. Participants can join the call without a passcode and are invited to ask questions. The company is focused on creating shareholder value through profitable growth and strategic acquisitions at its Avino Mine in Mexico.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced the conclusion of a strike at its Avino Mine following 12 weeks of negotiations with the Mexican Mining Union. President and CEO David Wolfin praised the efforts of the management team and thanked the local community for their support. Prior to resuming operations, the company will assess all mining equipment. Additionally, Avino is progressing with the construction of a dry-stack tailings storage facility (TSF#2), which is expected to foster community support and enhance production activities, benefiting local economies.
Avino Silver & Gold Mines Ltd. (ASM) reported successful outcomes at its Annual General Meeting held on August 27, 2020, with 29,992,209 shares representing 35.84% of outstanding shares voted. Key resolutions passed include setting the board of directors at five members and electing Ronald Andrews, Peter Bojtos, Gary Robertson, David Wolfin, and Jasman Yee, each with over 96% support. Additionally, Manning Elliott LLP was appointed as auditors with 96.39% approval. The board expressed appreciation for shareholder support.
Avino Silver & Gold Mines Ltd. (ASM) announced an option agreement with Gray Rock Resources Ltd. for the exclusive right to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico. Gray Rock will issue Avino share purchase warrants for 300,000 common shares at $0.20 each, and make total payments of $600,000 in cash or shares over four years. Additionally, Gray Rock must incur $750,000 in exploration expenditures. The agreement, deemed a related party transaction, awaits approval from the TSX Venture Exchange.
Avino Silver & Gold Mines Ltd. (ASM) announced its second quarter financial results for 2020, revealing revenues of $4.8 million, a decline of 38% from Q2 2019. The company faced operational challenges due to COVID-19, leading to a significant drop in silver and gold production by 78% and 75%, respectively. However, mine operating income increased by 166% to $0.8 million. Despite a net loss of $1.1 million, adjusted EBITDA was up 458% at $2.0 million. The company has $13.8 million in working capital and reduced debt by $2.2 million since December 2019.
Avino Silver & Gold Mines Ltd. (ASM: TSX) will announce its Second Quarter 2020 financial results on August 11, 2020, after market close. A conference call and webcast is scheduled for August 12, 2020, at 8:00 a.m. PDT. The Company has granted 1,700,000 stock options and 1,481,000 restricted share units to directors, officers, and employees, with stock options priced at $1.64 per share. Both plans have been approved by shareholders. Avino focuses on profitable organic growth and is committed to responsible business practices.
Avino Silver & Gold Mines Ltd. (ASM) reported production figures for Q2 2020, achieving 158,286 silver equivalent ounces, with notable declines in metal outputs compared to Q2 2019 due to Covid-19 related shutdowns. Silver production dropped 52% to 50,581 ounces, gold by 50% to 404 ounces, and copper fell 54% to 459,767 lbs. Operations resumed on June 1 after government approval, with increases in recovery rates and grades. Management plans to update on H2 2020 strategies in August.
ASM, TSX/NYSE American, reports a strike by members of the Mexican mining union at the Avino Mine, located in Durango, Mexico. This blockade, involving unionized workers, has forced the temporary halt of mining and milling operations. The company expresses its commitment to engaging in good-faith discussions with union representatives to resolve the situation. President and CEO David Wolfin acknowledges the disappointment caused by the strike, especially following recent operational ramp-ups.
