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.
About Avino Silver & Gold Mines Ltd. (ASM)
Avino Silver & Gold Mines Ltd. is a Canadian-based mining company engaged in the acquisition, exploration, development, and production of mineral properties. With a legacy spanning over five decades, Avino has established itself as a significant player in the precious metals mining industry. The company's primary focus is on silver, gold, and copper, which are extracted from its flagship Avino Mine located near Durango, Mexico, and other strategic properties.
Core Operations and Properties
Avino Mine: The Avino Mine is the cornerstone of the company's operations, situated within a district-scale land package in Durango, Mexico. This fully operational mine is supported by a modern 2,500 tpd (tonnes per day) mill and processing facility. The mine produces unhedged silver, gold, and copper, allowing the company to benefit directly from favorable commodity price movements.
La Preciosa: Acquired in 2022, La Preciosa is one of the largest undeveloped primary silver resources in Mexico. Located just 19 kilometers from the Avino Mine, this property significantly enhances the company's resource inventory, contributing to its long-term growth strategy. In 2025, Avino commenced underground development at La Preciosa, marking a pivotal step in its five-year growth plan.
Other Assets: In addition to its Mexican properties, Avino owns mineral claims in British Columbia, Canada, including the Minto and Olympic-Kelvin properties, which further diversify its asset portfolio.
Business Model and Revenue Streams
Avino generates revenue through the extraction, processing, and sale of precious metals. The company's unhedged production strategy enables it to capitalize on rising commodity prices, while its district-scale land package provides opportunities for resource expansion and operational synergies. The integration of La Preciosa is expected to triple production output, reinforcing Avino's position in the global silver market.
Commitment to Sustainability
Avino is deeply committed to sustainable mining practices. Its dry-stack tailings facility, operational since 2023, minimizes environmental impact by reducing water usage and enhancing tailings management. The company also engages with local communities through initiatives aimed at education, job creation, and economic development, earning it the ESR Designation for corporate social responsibility.
Market Position and Industry Significance
Operating in a highly competitive industry, Avino differentiates itself through its long-standing history, strategic acquisitions, and focus on operational efficiency. The company's resource base, totaling 371 million silver equivalent ounces as per NI 43-101 standards, positions it as a key player in the silver mining sector. With a robust growth plan and a strong balance sheet, Avino is well-equipped to navigate market challenges and capitalize on opportunities in the evolving precious metals market.
Avino Silver & Gold Mines (TSX:ASM)(NYSE American:ASM)(FSE:GV6) will release its First Quarter 2024 financial results on May 8, 2024, followed by a conference call and webcast on May 9, 2024. Shareholders, analysts, investors, and media can participate in the event to learn more about the company's performance.
FAQ
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