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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.

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.

News
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Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) released its consolidated financial results for the third quarter of 2023, reporting revenues of $12.3 million, mine operating income of $2.4 million, and net loss of $0.8 million. The company remains focused on achieving transformational growth and becoming an intermediate silver producer in Mexico.
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Avino Silver & Gold Mines Ltd. plans to announce its Third Quarter 2023 financial results on November 8, 2023. A conference call and webcast will be held on November 9, 2023. Shareholders, analysts, investors, and media are invited to join.
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Avino Silver & Gold Mines announces Coeur Mining's Secondary Offering of up to 14 million common shares, reducing Coeur's ownership from 11.24% to nil.
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Avino Silver & Gold Mines Ltd. announces Q3 2023 production results and highlights
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Avino Silver & Gold Mines Ltd. releases results of deep drill holes at Elena Tolosa Area, reporting substantial widths at grades well above cutoff grade. Continuity of mineralization confirmed and potential for high silver and gold grades associated with increasing copper grades. Geological model suggests possibility of deeper mineralized system linked to a porphyry center. Drilling program for the year completed, further exploration plans to be determined based on 2023 results.
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Avino Silver & Gold Mines Ltd. released its consolidated financial results for the second quarter of 2023. Revenues were $9.2 million, with net income of $1.1 million. Cash costs per silver equivalent payable ounce sold were $16.33, and all-in sustaining cash costs were $23.06 per ounce. The company achieved positive net income and generated cash flow before working capital adjustments.
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Avino Silver & Gold Mines Ltd. plans to announce its Second Quarter 2023 financial results on August 9, 2023. A conference call and webcast will be held on August 10, 2023, where shareholders, analysts, investors, and media can join. No passcode is necessary to participate, and a Q&A portion will be available. The conference call and webcast will be recorded, and the replay will be available on the Company's website.
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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 $1.21 as of March 3, 2025.

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

The market cap of Avino Silver Gld (ASM) is approximately 164.7M.

What does Avino Silver & Gold Mines Ltd. produce?

Avino produces silver, gold, and copper from its mining operations, primarily in Mexico.

Where are Avino's primary operations located?

Avino's flagship operations are centered around the Avino Mine near Durango, Mexico, with additional properties in Canada.

What is La Preciosa, and why is it significant?

La Preciosa is a strategic property acquired by Avino in 2022. It is one of Mexico's largest undeveloped silver resources and is expected to significantly boost the company's production.

How does Avino address sustainability in its operations?

Avino employs sustainable mining practices, including a dry-stack tailings facility, and engages in community development initiatives to minimize environmental impact and support local economies.

What is Avino's growth strategy?

Avino's growth strategy focuses on expanding production through the development of La Preciosa, enhancing operational efficiency, and exploring additional resources within its district-scale land package.

How does Avino benefit from unhedged production?

By keeping its production unhedged, Avino can fully capitalize on rising commodity prices, allowing it to maximize revenue during favorable market conditions.

What is the significance of Avino's dry-stack tailings facility?

The dry-stack tailings facility reduces water usage and improves tailings management, reflecting Avino's commitment to environmentally responsible mining practices.

What are the key challenges Avino faces in its industry?

Avino faces challenges such as fluctuating commodity prices, inflationary pressures, and operational costs in Mexico, which could impact profitability.

What is Avino's total resource base?

Avino's resource base totals 371 million silver equivalent ounces, as per NI 43-101 standards.

How does Avino engage with local communities?

Avino supports local communities through education initiatives, job creation, and sustainable economic development, earning recognition for its corporate social responsibility efforts.
Avino Silver Gld

NYSE:ASM

ASM Rankings

ASM Stock Data

164.71M
137.30M
1.94%
7.41%
0.18%
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