Welcome to our dedicated page for Avino Silver & Gold Mines Ltd. (Canada) news (Ticker: ASM), a resource for investors and traders seeking the latest updates and insights on Avino Silver & Gold Mines Ltd. (Canada) stock.
Avino Silver & Gold Mines Ltd. (TSX:ASM, NYSE American:ASM, FSE:GV6) is a Canadian mineral exploration and mining company, principally engaged in the exploration, extraction, processing, and sale of silver, gold, and copper. The company's core operations are centered around the acquisition, development, and advancement of mineral properties in Canada and Mexico.
Avino boasts a diversified portfolio of interests in 42 mineral claims and four leased mineral claims. Key properties include:
- Avino Mine Area Property: Comprising four concessions covering 154.4 hectares, 24 exploitation concessions over 1,284.7 hectares, and one leased concession of 98.83 hectares.
- Gomez Palacio Property: Nine exploration concessions spanning 2,549 hectares.
- Santiago Papasquiaro Property: Four exploration concessions covering 2,552.6 hectares and one exploitation concession of 602.9 hectares.
- Unification La Platosa Properties: Three leased concessions located in Durango, Mexico.
In Canada, the company owns 100% interests in the Minto and Olympic-Kelvin properties in British Columbia.
Avino's operations are highlighted by its flagship Avino Mine in Durango, Mexico. This historic mine has been operational for over 55 years and continues to be a significant producer of silver, gold, and copper. The recent strategic acquisition of the adjacent La Preciosa property has significantly bolstered Avino's resource base, adding an impressive 371 million silver equivalent ounces to its assets.
Financially, Avino has demonstrated resilience and growth. Its latest achievements include a successful drill program, the completion of a Pre-Feasibility Study for the Oxide Tailings Project, and an ongoing long-term land-use agreement for the development of La Preciosa. Avino's production outlook for 2024 anticipates between 2.5M and 2.8M silver equivalent ounces, sourced from the Avino Mine and stockpiles from La Preciosa.
Avino remains committed to environmental responsibility and community well-being, emphasizing sustainable mining practices. The company has also been recognized for its efforts by being added to the Nasdaq Metals Focus Silver Miners Index.
Under the leadership of President and CEO David Wolfin, Avino Silver & Gold Mines Ltd. aims to continue its growth trajectory, leveraging its extensive resource base and strategic acquisitions to deliver long-term value to shareholders.
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.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported strong Q2 2022 production results, achieving a 42% increase in silver equivalent production to 649,569 ounces. Silver output rose by 37% to 225,537 ounces, gold production surged 69% to 1,350 ounces, and copper production improved 35% to 1.6 million lbs. Despite declining metal prices, sales remained profitable. The company focuses on operational optimization and workforce growth and anticipates significant production growth over the next five years amidst rising demand for precious metals.
Avino Silver & Gold Mines Ltd. (ASM) held its Annual General Meeting on June 21, 2022, where all proposed resolutions were approved. Approximately 39.25% of outstanding shares were voted. Key outcomes included setting the number of directors at four and the election of Peter Bojtos as Chairman of the Board. Bojtos brings over 50 years of mining experience. Manning Elliott LLP was appointed as auditors, with 94.43% of votes in favor. The company remains committed to organic growth and strategic acquisitions to enhance shareholder value.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced positive drill results from Phase 2 of its 2021/2022 exploration program at the Avino Elena Tolosa area. The latest assays show significant mineralization below Level 17, with high-grade intercepts including 206 AgEq g/t over 41 metres. This confirms the continuity of the Avino vein's mineralization down to at least 290 metres and indicates potential for higher copper mineralization. The company plans to expand its drilling program, totaling 13 holes over 7,000 metres for 2022, to further explore these promising areas.
FAQ
What is the current stock price of Avino Silver & Gold Mines Ltd. (Canada) (ASM)?
What is the market cap of Avino Silver & Gold Mines Ltd. (Canada) (ASM)?
What does Avino Silver & Gold Mines Ltd. do?
Where are Avino's key mining properties located?
What are some of Avino's recent achievements?
What is the production outlook for Avino in 2024?
How does Avino contribute to environmental and community well-being?
What is the significance of the La Preciosa property for Avino?
