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 (ASM) reported its Q1 2023 financial results, highlighting steady production levels with a 48% increase over Q1 2022. Key financial metrics include:
- Revenues of $9.8 million
- Mine operating income of $1.9 million
- Net loss of $0.4 million
- Cash costs per silver equivalent payable ounce sold of $14.22
- All-in sustaining cash cost per silver equivalent payable ounce sold of $20.17
The company also reported operational achievements, including an updated mineral resource estimate totaling 368 million silver equivalent ounces across all properties, favorable metallurgical results from the Oxide Tailings Project, and the completion of a dry-stack tailings facility. Avino remains focused on its growth plan to become an intermediate silver producer in Mexico.
Avino Silver & Gold Mines Ltd. (AMEX: ASM) reported impressive production results for Q1 2023, achieving 678,247 silver equivalent ounces, a 48% increase from the previous year. This growth is part of a 12-month trailing total of 2.9 million silver equivalent ounces from the Avino Mine. Key highlights include:
- Silver production: up 43% to 234,338 ounces.
- Copper production: increased by 15% to 1.4 million lbs.
- Gold production: surged 185% to 2,286 ounces.
- Mill throughput: rose 44% to 159,757 tonnes.
The company also announced an updated mineral resource estimate, now totaling 368 million silver equivalent ounces, with significant increases across various metrics.
Avino Silver & Gold Mines Ltd. (NYSE: ASM) reports a tragic workplace incident resulting in the loss of a contractor's employee at the Avino Mine in Durango, Mexico, as announced on April 5, 2023. The company's CEO, David Wolfin, expressed condolences to the deceased's family and colleagues. Despite this tragic event, Avino does not expect any disruption to production at the mine. Avino remains committed to supporting the Mexican authorities in their investigation. The company continues to focus on creating shareholder value through profitable growth and controls significant mineral resources totaling 368 million silver equivalent ounces. Operations remain environmentally responsible and cost-effective, ensuring the well-being of surrounding communities.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM) announced promising metallurgical results from its Oxide Tailings project, which has a resource of 5.7 million tonnes with a silver equivalent grade of 95 g/t. The project aims to reprocess oxidized material previously underutilized due to limitations in conventional methods. Highlights include a 408% increase in measured and indicated resources since 2021 and significant recoveries of gold (up to 89.5%) and silver (up to 90.4%) using conventional techniques. The results pave the way for a Pre-Feasibility Study and align with Avino's growth strategy in Mexico.
Avino Silver & Gold Mines Ltd. (ASM) reported its fourth quarter and full year 2022 financial results, highlighting a record revenue of $14.6 million for Q4 and $44.2 million for the year, a remarkable 294% increase year-over-year. The mine operating income stood at $4.4 million for Q4 and $15.1 million for the year. Despite strong revenue growth, net income fell by 51% to $1.3 million for Q4. Cash costs per silver equivalent ounce were $11.76 for Q4 and $10.34 for the year. The company successfully ramped up production, achieving significant increases in silver and gold ounces produced, and continues its growth strategy with the La Preciosa acquisition.
Avino Silver & Gold Mines Ltd. (AMEX: ASM) will announce its Fourth Quarter and Year End 2022 financial results on March 28, 2023, after market close. A conference call and webcast are scheduled for March 29, 2023, at 8:00 a.m. PDT to discuss the results. All interested parties can participate to ask questions during the call. Avino is focused on silver production from its Avino Mine in Durango, Mexico, with a mission to create shareholder value through organic growth and strategic acquisitions. The company controls approximately 368 million silver equivalent ounces of mineral resources.
Avino Silver & Gold Mines has released an updated mineral resource estimate (MRE) showcasing substantial increases across several deposits. Highlights include:
- Measured and Indicated Resources: 161 million silver equivalent ounces, a 38% increase.
- Inferred Resources: 70 million silver equivalent ounces, a significant 90% rise.
- Oxide Tailings: 5.7 million tonnes in resources, up 407%, with 17.4 million silver equivalent ounces, a 287% increase.
The update reflects continued exploration success and positions Avino for long-term growth, with an ambitious 2023 exploration program planned.
FAQ
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