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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.
Coeur Mining, Inc. (CDE) reported Q3 2021 revenue of $208.0 million, contrasted with $214.9 million from the prior quarter. The company faced a net loss of $54.8 million or $0.21 per share, influenced by a $26.0 million write-down related to VAT refunds and $35.7 million in losses on equity investments. Gold and silver production reached 87,083 ounces and 2.5 million ounces, respectively. The company reaffirmed full-year production guidance and highlighted exploration investments of approximately $20.0 million.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced a share purchase agreement to acquire the La Preciosa Property from Coeur Mining, Inc. for US$20 million. This acquisition is strategically significant as La Preciosa is located near Avino's existing Durango operations and contains one of the largest undeveloped silver resources in Mexico. The deal enhances Avino's mineral resources to over 235 million silver equivalent ounces and is expected to reduce development costs and timelines while improving production capabilities.
Avino Silver & Gold Mines reports Q3 2021 production of 285,464 silver equivalent ounces, including 77,935 ounces of silver, 1,183 ounces of gold, and 685,535 pounds of copper. Operations resumed in August after a closure, with plans to increase production to pre-shutdown levels. Key highlights include a 70% rise in silver equivalent production, a 46% increase in copper production, and improved feed grades with significant increases in both gold and copper recovery rates. The company is also focused on developing the local workforce.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported its Q2 2021 results, highlighting a mining loss of $1.7 million and a net loss of $2.7 million, or $0.03 per share. They ended the quarter with $26.8 million in cash and $30.4 million in working capital, while reducing debt by $1.7 million. Operationally, production was minimal, with silver output down 93% to 3,504 ounces. Despite these challenges, the company resumed mining operations and has drilled 9,200 meters as part of its exploration program, targeting new mineralized zones.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced it will release its Second Quarter 2021 financial results after market close on August 11, 2021. A conference call and webcast will follow on August 12, 2021, at 8:00 a.m. PST. Participants can access the call via a provided link or by dialing the numbers mentioned.
Avino, a silver producer based in Durango, Mexico, focuses on creating shareholder value through growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced the resumption of mining operations at its Avino Mine in Durango, Mexico, following a closure period. The company has made several upgrades to improve mill recoveries and plans to ramp up throughput quickly. With higher metal prices, Avino anticipates generating positive cash flow. The restart is significant for local employment and community support. The company is also conducting infill-drilling and continuing its exploration program.
Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced initial drill results from its 2021 exploration campaign, highlighting significant mineralization across multiple veins, including El Trompo, Santiago, and La Malinche. The drill program has covered 1,569 meters at El Trompo, showing promising grades, particularly in silver and gold. Geologically favorable conditions near existing infrastructure enhance the potential for further development. The company plans to integrate these data into its geological models to explore economic deposits and increase resources at the Avino mine.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced the successful outcomes of its Annual General & Special Meeting held on May 27, 2021. A total of 28,050,671 common shares, representing approximately 28.11% of issued shares, were voted. Resolutions included setting the number of directors at five, with all nominated directors receiving substantial votes for their election. Additionally, the appointment of Manning Elliott LLP as auditors and the approval of unallocated entitlements under the 2018 Rolling Stock Option and Restricted Share Unit Plans were passed, showing strong shareholder support.
Avino Silver & Gold Mines reported its Q1 2021 financial results, highlighting zero production due to a work stoppage, resulting in revenues of just $29, down 100% from $7,116 in Q1 2020. The company experienced a net loss of $1.8 million, or $0.02 per share, a significant increase from $232,000 in the previous year. However, they managed to reduce debt by $0.8 million and increase working capital to a record $31 million, attributed to strong metal prices. The company has plans for an expanded drill program and initiatives to restart production and support local communities.
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