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.
Avino Silver & Gold Mines Ltd (ASM:ASM) delivers precious and base metals through sustainable mining practices. This news hub provides investors with essential updates on operational developments, financial performance, and strategic growth in the mineral exploration sector.
Access real-time press releases covering quarterly earnings, resource estimates compliant with NI 43-101 standards, and operational milestones from the Avino Mine district. Our curated collection includes updates on exploration progress, metal production figures, and sustainability initiatives without speculative commentary.
Key updates feature expansion of mineral reserves, mill optimization achievements, and community engagement programs. Investors will find critical information on copper production trends, silver equivalent resource calculations, and cost management strategies that drive Avino's operational efficiency.
Bookmark this page for direct access to verified ASM disclosures. Combine regular monitoring with fundamental analysis to track the company's progress in Mexico's mineral-rich regions while maintaining awareness of precious metal market dynamics.
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.
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.
