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 Ltd. (NYSE: ASM) has outlined its 2023 operational outlook and highlights from 2022. The company plans to process approximately 700,000-750,000 tonnes of ore, aiming for production of 2.8M to 3.2M silver equivalent ounces. Capital expenditures will range from $9M to $11.5M, funded from Q4 2022 cash flows. Key 2022 milestones include the acquisition of La Preciosa, record production of 2,655,502 AgEq ounces, and completion of the dry-stack tailings facility. Avino's exploration efforts will focus on extending mineralization at the Avino Mine with 8,000 meters of drilling planned for the year.
Avino Silver & Gold Mines Ltd. (ASM) reported record production results for 2022, achieving 2,655,502 silver equivalent ounces, a remarkable 215% increase from 2021. In Q4 2022, production totaled 770,127 silver equivalent ounces, exceeding expectations. Significant improvements were noted in silver production, which rose by 89% to 309,856 ounces, and copper production increased by 37% to 1.5 million lbs. Key operational advancements include the full commissioning of the dry-stack tailings facility, enhancing safety and environmental sustainability. The company aims for intermediate producer status within five years, continuing to optimize mining processes.
Avino Silver & Gold Mines Ltd. (ASM) announced significant drill results from four holes below Level 17 at its Avino Mine in Durango, Mexico. The highlights include 248 AgEq g/t over 16.66 meters in Hole ET 22-12, with a deeper mineralization indication of 800 meters. Notably, the copper grade is increasing with depth, reaching 1.63% over 16.66 meters. Avino is expanding its exploration program into 2023 with plans for 8000 meters of drilling. The geological model suggests the presence of a deeper mineralized system linked to a porphyry center.
Avino Silver & Gold Mines Ltd. reported a strong performance for Q3 2022, generating $9.1 million in revenues, a 385% increase from Q3 2021. The company achieved record production of 778,008 silver equivalent ounces, up 20% from the previous quarter. Operating income was $2.1 million, with positive cash flows of $1.6 million. However, the company faced a net loss of $1.1 million. Cash balance decreased to $10.9 million from $24.8 million at year-end 2021. The company is focusing on growth and cost management amidst market fluctuations.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM) will announce its Third Quarter 2022 financial results on November 9, 2022, after market closure. A conference call and webcast is scheduled for November 10, 2022, at 9:30 a.m. PST. Participants can join the call by dialing 1-800-319-4610 (toll-free in Canada & USA) or 1-604-638-5340 (international). Avino is focused on silver production from its Avino Mine in Mexico and aims to create shareholder value through organic growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced record production results for Q3 2022, with silver equivalent production rising 20% to 778,008 oz. Silver output increased 27% to 285,444 oz, and copper production grew by 28% to 2.1 million lbs. However, gold production fell by 11% to 1,201 oz. The company is focused on optimizing mining processes and anticipates strong production growth over the next five years, despite lower metal prices.
Significant drilling results were reported from the Avino Elena Tolosa area, further validating resource potential.
Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced new drill results from Phase 2 of its exploration program at the Elena Tolosa area of the Avino Mine. Recent drilling confirms the continuity of mineralization below Level 17, yielding significant silver, gold, and copper grades. Key highlights include hole ET 22-09 with an impressive 150 AgEq g/t over 26.77 meters and peak results of 1,800 AgEq g/t over 0.28 meters. The company plans to drill an additional six holes by the end of 2022, signaling potential for increased mineral resources and a deeper mineralized system.
Avino Silver & Gold Mines Ltd. (ASM) reported solid financial results for Q2 2022. Revenues reached $9.4 million, with a mine operating income of $3.9 million, and net income of $2.3 million or $0.03 per share. Cash costs improved, with $8.39 per silver equivalent ounce sold. The company also advanced its Oxide Tailings Project and confirmed higher copper mineralization in drill results. However, cash balance dropped to $12.8 million from $24.8 million at year-end 2021, indicating liquidity concerns.
Avino Silver & Gold Mines Ltd. (ASM) will announce its Second Quarter 2022 financial results on August 10, 2022, after market closure. A conference call and webcast are scheduled for August 11, 2022, at 8:00 a.m. PDT (11:00 a.m. EDT). Investors and media can join via the provided online link or by dialing the appropriate phone numbers. The call will allow participants to ask questions and will be recorded for later access. The company operates primarily in silver production from the Avino Mine in Durango, Mexico.
Avino Silver & Gold Mines Ltd. (ASM) reported robust Q2 2022 production from its Avino Mine in Mexico. Silver equivalent production rose 42% to 649,569 ounces, with silver output increasing 37% to 225,537 ounces, gold production up 69% to 1,350 ounces, and copper production enhancing 35% to 1,644,342 pounds. Mill throughput also grew by 6%, reaching 118,224 dry tonnes. The company continues its drilling campaign on its Oxide Tailings Project, aiming to advance resources and explore new areas for potential development.
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