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. (TSX: ASM) has finalized its acquisition of Proyectos Mineros La Preciosa S.A. de C.V. and Cervantes LLC from Coeur Mining, Inc. for US$15.3 million in cash, a US$5 million promissory note, and 14 million shares. The La Preciosa property, located in Mexico, contains significant silver resources, estimated at 113 million ounces indicated and 24 million ounces inferred. This strategic acquisition aims to enhance Avino's production capabilities and operational synergies.
Avino Silver & Gold Mines Ltd. (ASM) reported strong Q4 and FY 2021 results, highlighting a significant revenue increase to $9.3 million, the highest since Q4 2019. The company achieved a mine operating income of $4.4 million, generating a net income of $2.6 million or $0.03 per share. Key achievements included the full repayment of a $10 million term facility and a strategic acquisition of the La Preciosa project, expected to close in Q1 2022. Cash balances surged to $24.8 million with working capital at $31.6 million. Positive production metrics and strong cash costs further underline optimism for 2022.
Avino Silver & Gold Mines Ltd. (TSX: ASM) plans to announce its Fourth Quarter and Year End 2021 financial results on March 16, 2022, after market close.
A conference call and webcast will follow on March 17, 2022, at 8:00 a.m. PST. Participants can join via toll-free numbers or the link provided.
The Company focuses on silver production from its Avino Mine in Durango, Mexico, aiming to create shareholder value through growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced promising drill results from its La Potosina area, located near the San Gonzalo Mine. The 2021 drill program totaled 2,400 meters, revealing high-grade mineralization similar to San Gonzalo. Key findings include Hole LP-21-06, which returned 4.40 meters at 270 g/t Ag and 463 g/t AgEq. The company has plans for 6,000 meters of drilling in 2022, focusing on high-grade targets that could enhance mill feed. The La Potosina Vein demonstrates considerable promise for future exploration.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced its 2022 outlook and highlighted achievements from 2021. Successful Q4 2021 production exceeded expectations, contributing to a projected silver equivalent output of 2.2M to 2.6M ounces in 2022. The company is focusing on growth capital expenditures of $6.5M to $8.5M, including the completion of a dry stack tailings facility. Additionally, Avino plans to drill 15,000 metres to explore new resource areas. The acquisition of La Preciosa property, expected to close in Q1 2022, aims to transform production potential.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported strong fourth quarter and full year 2021 production results from its Avino Mine in Durango, Mexico. Key highlights include a 101% increase in silver equivalent production to 541,432 oz and a 139% rise in silver production to 163,933 oz compared to Q3 2021. Underground operations saw a 56% increase in haulage, while silver feed grades improved by 11%. The company continues to focus on expanding operations and enhancing local workforce training, with plans for an acquisition of La Preciosa.
Avino Silver & Gold Mines Ltd. (ASM) has reported encouraging results from Phase 2 of its 2021 drilling campaign, completing over 15,500 metres of drilling. Significant mineralization was found in the Brecha de Bajo and newly discovered Bart veins, indicating promising prospects near existing underground workings. High gold and silver grades were also reported in the Nuestra Señora and La Malinche veins. The company plans further exploration to solidify its resource bases as it continues to operate in Durango, Mexico.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced a new mineral resource estimate for the La Preciosa project, showing 113 million ounces of indicated silver equivalent resources and 24 million ounces of inferred resources, using a cutoff grade of 120 AgEq g/t. The company aims to acquire La Preciosa, enhancing its inventory to over 235 million silver equivalent ounces post-transaction. The acquisition, valued at US$20 million, requires regulatory approval, expected by Q1 2022. The deal promises to solidify Avino's position in the Mexican silver market and drive growth.
Avino Silver & Gold Mines Ltd. (ASM) reported its Q3 2021 financial results, highlighting $1.9 million in revenues with a month of sales post-restart. The company resumed mining operations on August 3, 2021, and ramped production towards previous levels. With a cash balance of $22.3 million and working capital of $28.9 million, ASM is now debt-free after repaying a $10 million term facility. The strategic acquisition of the La Preciosa silver project for $29.7 million positions the company for future growth, alongside ongoing exploration efforts.
Avino Silver & Gold Mines Ltd. (TSX: ASM) plans to release its Third Quarter 2021 financial results on November 9, 2021, after market close. A conference call and webcast will follow on November 10, 2021, at 8:00 a.m. PST (11:00 a.m. EST). Shareholders, analysts, and investors can join the call and participate in the Q&A session. Avino is focused on creating shareholder value through organic growth and strategic acquisitions in the mining sector, particularly from its wholly owned Avino Mine in Durango, Mexico.
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