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Avino Silver Gld - ASM STOCK NEWS

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.

Overview

Avino Silver & Gold Mines Ltd (TSX:ASM) is a mineral resource company with a heritage spanning over five decades in the mining sector. Specializing in the acquisition, exploration, and advancement of mineral properties, Avino focuses on the sustainable production of silver, gold, and copper. With operations anchored around the Avino Mine near Durango, Mexico, the company leverages its district‐scale land package and a comprehensive portfolio of mineral claims to deliver significant value in mineral exploration, discovery, and production. Key industry terms such as mineral exploration, sustainable mining, and NI 43-101 form the backbone of its technological and operational framework.

Core Business and Operations

At its core, Avino’s business model revolves around the systematic exploration and extraction of high-grade mineral resources. The company’s operations involve multiple phases including property acquisition, detailed geologic exploration, advanced drilling programs, and the strategic development of mine projects. A key feature of Avino’s approach is its adherence to rigorous standards such as NI 43-101, which ensure that its mineral resource estimates—often expressed in silver equivalent ounces—are transparent and meticulously calculated. This commitment to diligence not only enhances investor confidence but also underpins the company’s reputation for operational excellence.

Production and Processing

Avino generates the majority of its revenue through the sale of produced metals, predominantly copper, along with silver and gold. The company’s processing capabilities are centered around a fully operational mill facility that processes ore with a focus on maximizing recovery rates. Over the years, strategic measures have been taken to improve mill throughput, reduce operating costs, and enhance product quality. This is achieved through a combination of advanced metallurgical testing, process optimization, and cost control initiatives. These practices not only contribute to robust production metrics but also demonstrate Avino’s expertise in turning raw ore into valuable market products.

Property Portfolio

Avino’s portfolio includes a significant number of exploration and exploitation concessions across key mining districts. The flagship Avino Mine, together with the strategically acquired La Preciosa property, illustrates the company’s vision of scaling production and strengthening its resource base. The La Preciosa project, for example, represents one of the largest undeveloped primary silver resources in the region and complements the current operations by integrating high-grade ore bodies into a unified development plan. This diversified asset base not only spreads risk but also lays the foundation for efficient resource processing and cost-effective production.

Industry Position and Competitive Advantages

Within the competitive landscape of the mining sector, Avino is recognized for its disciplined approach to resource evaluation and project management. The company’s long-standing operational history, coupled with a robust mineral resource portfolio measured in silver equivalent ounces, positions it as a credible player among its peers. Avino’s competitive edge is bolstered by its consistent performance in cost management, operational efficiency, and its ability to adapt to fluctuations in metal prices without compromising its production targets.

Sustainability and Community Engagement

Sustainability is an integral aspect of Avino’s operational philosophy. The company is committed to running its mining operations in a safe, environmentally responsible, and cost-effective manner. Emphasizing minimal environmental impact, Avino operates a dry-stack tailings facility that aligns with contemporary sustainable mining practices. Furthermore, the company actively engages with local communities through educational initiatives and social programs, ensuring that its operations contribute positively to regional development while maintaining strong governance and community relationships.

Technical Expertise and Regulatory Compliance

Avino’s success is underpinned by its technical expertise in mineral exploration and extraction. The company’s use of advanced geologic and drilling techniques enables it to identify and delineate resource-rich zones within its land package. Each project and exploration initiative is subject to rigorous scrutiny and is supported by qualified technical persons in accordance with NI 43-101 standards, reflecting a high level of due diligence and quality assurance. These measures ensure that every claim and concession is managed with the highest standards of transparency and technical integrity.

Operational Excellence and Risk Management

Efficiency in production and a focus on reducing operating costs are central to Avino’s strategy. With initiatives designed to improve mill throughput and minimize downtime, the company has successfully managed operational challenges and maintained strong production metrics. Risk management is further reinforced by robust quality assurance protocols, including the use of internal laboratories and third-party verification services. These practices are key to ensuring that all aspects of the mining process, from extraction to processing, adhere strictly to industry best practices.

Investor-Focused Transparency

The company maintains a transparent communication strategy with investors, regularly publishing technical reports, project updates, and financial performance highlights. This transparency is a cornerstone of Avino’s commitment to building investor trust and showcasing its operational and technical capabilities. Each release is carefully crafted to provide insight into the company’s resource base, production achievements, and ongoing projects, without making speculative forward-looking statements regarding future performance.

Conclusion

In summary, Avino Silver & Gold Mines Ltd represents a comprehensive and well-managed entity within the mining and resource exploration sector. With robust technical capabilities, a diversified asset portfolio, and a strong emphasis on sustainability and community engagement, the company is well-equipped to navigate the complexities of the global mining environment. Its disciplined approach to cost control, combined with operational enhancements and strategic property acquisitions, affirms Avino’s position as a knowledgeable and reliable operator in the competitive field of mineral extraction and processing.

This detailed breakdown is designed to serve investors, analysts, and industry professionals looking for an in-depth understanding of Avino’s business model, technical operations, and market positioning. By merging operational expertise with a commitment to sustainability and transparency, Avino continues to set a high benchmark in the mining industry.

Rhea-AI Summary

Avino Silver & Gold Mines reported the results of its 2024 Annual General Meeting held on May 30, 2024. All proposed resolutions were passed, with 46,123,595 common shares representing 34.71% of the total shares voted. Key resolutions included setting the number of Directors at four, electing Ronald Andrews, Peter Bojtos, Carolina Ordoñez, and David Wolfin to the Board, and appointing Deloitte LLP as auditors. The 2024 10% Rolling Stock Option Plan and Unallocated Entitlements under the 2018 Restricted Share Unit Plan were also approved. Additionally, Jasman Yee retired from the Board after 13 years, ending a 22-year tenure with the company.

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Avino Silver & Gold Mines (ASM) has issued a reminder to shareholders to vote ahead of the 2024 Annual General Meeting (AGM), scheduled for May 30, 2024, at 10:00 AM PT.

Shareholders are urged to cast their votes by May 28, 2024, at 10:00 AM PT. The Board advises voting in favor of all proposed resolutions. Voting can be done online or by phone using the instructions provided in the Form of Proxy or Voting Instruction Form.

Shareholders needing assistance can contact Laurel Hill Advisory Group, the proxy solicitation agent, through provided contact details.

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Avino Silver & Gold Mines reported $12.4 million in revenues in Q1 2024, with a gross profit of $2.3 million. The net income was $0.6 million, and EBITDA was $1.7 million. Cash costs per silver equivalent payable ounce sold were $14.89, with all-in sustaining cash costs at $20.23. The company showed improvements in unit costs and margins compared to 2023, with positive net income and cash flow generation. Avino remains committed to advancing La Preciosa and achieving growth targets. The company has a strong financial position and a strategic growth plan for the future.

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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.

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Avino Silver & Gold Mines reports a strong first quarter start in 2024 with 629,302 silver equivalent ounces produced. Production increased across silver, gold, and copper. The company remains on track with its production targets and is making significant progress with its La Preciosa project and Oxide Tailings Project. Avino also signed a community agreement for La Preciosa and completed a dry-stack tailings facility. The outlook for Avino looks promising with the recent increase in silver prices.
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Avino Silver & Gold Mines (ASM) is set to triple its production output with the strategic acquisition of La Preciosa mine and the advancement of its oxide tailings project. The company, with a 56-year heritage in Mexico and 371 million silver equivalent ounces in reserves, focuses on sustainable silver, gold, and copper production.
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Avino Silver & Gold Mines announces its financial results for Q4 2023 and FY 2023, showing revenues of $12.5 million and $43.9 million respectively. The company reported positive net income, reduced operating costs, and improved margins. Avino remains confident in its growth plans, including the La Preciosa project. The company's silver equivalent production was steady, with notable achievements in exploration and development projects. Avino continues to focus on ESG initiatives and community relations.
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Avino Silver & Gold Mines plans to announce its Fourth Quarter and Year End 2023 financial results on March 20, 2024. A conference call and webcast will follow on March 21, 2024, inviting shareholders, analysts, investors, and media to participate.
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Avino Silver & Gold Mines Ltd. provides an update on La Preciosa mineral property in Mexico, increasing consolidated mineral resources to 371 million silver equivalent ounces. The company expects capital expenditure of US$3.0 - US$4.0 million for 2024 for mine development. Avino is focused on environmental sustainability and low-cost operations. Ongoing works include surface rehabilitation, sampling, and processing preparations. CEO highlights progress towards production goals and community initiatives.
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Avino Silver & Gold Mines Ltd. (ASM) presents its 2024 outlook and highlights key achievements in 2023. The company plans to produce 2.5M-2.8M silver equivalent ounces in 2024. Capital budget for Mexico operations ranges from $7.3M-$9.0M. Significant milestones in 2023 include updated mineral resource estimate, meeting production estimates, completing Pre-Feasibility Study for Oxide Tailings Project, operational Dry-Stack Tailings Facility, successful exploration drilling, and receiving ESR Award. Avino was added to the Nasdaq Metals Focus Silver Miners Index.
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FAQ

What is the current stock price of Avino Silver Gld (ASM)?

The current stock price of Avino Silver Gld (ASM) is $1.46 as of April 4, 2025.

What is the market cap of Avino Silver Gld (ASM)?

The market cap of Avino Silver Gld (ASM) is approximately 209.3M.

What is the core focus of Avino Silver & Gold Mines Ltd?

Avino Silver & Gold Mines Ltd specializes in the acquisition, exploration, and advancement of mineral properties, with a focus on silver, gold, and copper production.

How does Avino generate its revenue?

The company generates revenue primarily through the production and sale of copper, silver, and gold extracted from its mining operations, supported by a robust processing facility.

Where are Avino's main mining operations located?

Avino operates its flagship Avino Mine near Durango, Mexico, and manages additional exploration properties, including strategic assets like the La Preciosa property.

What industry standards does Avino adhere to?

Avino complies with rigorous industry standards such as NI 43-101, ensuring transparent and reliable mineral resource estimates, with qualified technical reviews and extensive geologic studies.

How does Avino ensure sustainable mining practices?

The company is committed to sustainability by managing operations in a safe and environmentally responsible manner, including the use of a dry-stack tailings facility and proactive community engagement programs.

What competitive advantages set Avino apart?

Avino's competitive advantages include a diversified asset portfolio, long-standing operational expertise, a robust mineral resource base, advanced exploration techniques, and strong cost management practices.

How does the company manage operational efficiency?

Operational efficiency is achieved through continuous improvements in mill throughput, rigorous quality control measures, and the integration of advanced metallurgical processes to optimize metal recoveries.

What role does the La Preciosa property play in Avino's portfolio?

The La Preciosa property is a key strategic asset that significantly bolsters Avino’s mineral resource portfolio, representing one of the largest undeveloped primary silver resources and enhancing overall production capacity.
Avino Silver Gld

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