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Avino Silver & Gold Mines Ltd. - ASM STOCK NEWS

Welcome to our dedicated news page for Avino Silver & Gold Mines Ltd. (Ticker: ASM), a resource for investors and traders seeking the latest updates and insights on Avino Silver & Gold Mines Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avino Silver & Gold Mines Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avino Silver & Gold Mines Ltd.'s position in the market.

News
Avino Achieves Strong Production in Q1 2024
Rhea-AI Summary
Avino Silver & Gold Mines reports a strong first quarter start in 2024 with 629,302 silver equivalent ounces produced. Production increased across silver, gold, and copper. The company remains on track with its production targets and is making significant progress with its La Preciosa project and Oxide Tailings Project. Avino also signed a community agreement for La Preciosa and completed a dry-stack tailings facility. The outlook for Avino looks promising with the recent increase in silver prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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earnings
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News
VIDEO - CEO Clips - Avino Silver & Gold Mines: Sustainable Silver Production in Mexico
Rhea-AI Summary
Avino Silver & Gold Mines (ASM) is set to triple its production output with the strategic acquisition of La Preciosa mine and the advancement of its oxide tailings project. The company, with a 56-year heritage in Mexico and 371 million silver equivalent ounces in reserves, focuses on sustainable silver, gold, and copper production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
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none
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News
Avino Achieves $43.9 Million in Revenues for 2023; Fourth Quarter Costs Trending Lower
Rhea-AI Summary
Avino Silver & Gold Mines announces its financial results for Q4 2023 and FY 2023, showing revenues of $12.5 million and $43.9 million respectively. The company reported positive net income, reduced operating costs, and improved margins. Avino remains confident in its growth plans, including the La Preciosa project. The company's silver equivalent production was steady, with notable achievements in exploration and development projects. Avino continues to focus on ESG initiatives and community relations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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none
News
Avino Silver & Gold Mines Ltd. Fourth Quarter and Year End 2023 Financial Results To Be Released on Wednesday, March 20, 2024
Rhea-AI Summary
Avino Silver & Gold Mines plans to announce its Fourth Quarter and Year End 2023 financial results on March 20, 2024. A conference call and webcast will follow on March 21, 2024, inviting shareholders, analysts, investors, and media to participate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.14%
Tags
earnings
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News
Avino Provides Update on Its 100% Owned La Preciosa Property, Preparing for Production
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. provides an update on La Preciosa mineral property in Mexico, increasing consolidated mineral resources to 371 million silver equivalent ounces. The company expects capital expenditure of US$3.0 - US$4.0 million for 2024 for mine development. Avino is focused on environmental sustainability and low-cost operations. Ongoing works include surface rehabilitation, sampling, and processing preparations. CEO highlights progress towards production goals and community initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
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none
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News
Avino Provides Outlook for 2024 and Highlights Its Major 2023 Milestones
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. (ASM) presents its 2024 outlook and highlights key achievements in 2023. The company plans to produce 2.5M-2.8M silver equivalent ounces in 2024. Capital budget for Mexico operations ranges from $7.3M-$9.0M. Significant milestones in 2023 include updated mineral resource estimate, meeting production estimates, completing Pre-Feasibility Study for Oxide Tailings Project, operational Dry-Stack Tailings Facility, successful exploration drilling, and receiving ESR Award. Avino was added to the Nasdaq Metals Focus Silver Miners Index.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
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none
News
Avino Reports Oxide Tailings Project Prefeasibility Study With After-Tax NPV of US$61 Million and 26% IRR
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. (ASM) reports the results of the Preliminary Feasibility Study (PFS) for its Oxide Tailings Project, revealing significant improvements from the 2017 study. Highlights include NPV of US$98 million (pre-tax), IRR of 35% (pre-tax), and proven and probable mineral reserves of 6.70 million tonnes at a silver and gold grade of 55 g/t and 0.47 g/t respectively. The Project will generate US$52.4 million in tax contributions to the local economy and government.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
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News
Avino’s Q4 and Full Year 2023 Production Results
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. achieved full year 2023 production results of 2.4 million silver equivalent ounces, with fourth quarter production totaling 558,460 silver equivalent ounces. The company also provided updates on La Preciosa and the Oxide Tailings Project, outlining their key milestones and growth strategies for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.08%
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none
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News
Avino Signs Community Agreements for La Preciosa
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. (ASM) has signed a long-term land-use agreement for the development of La Preciosa in Durango, Mexico. The agreement allows for the hauling of old surface stockpiles to the mill for processing and the filing of an environmental permit for underground extraction. Pending regulatory approval, the company can start developing the ramp down to the high-grade Gloria vein. The La Preciosa mine is a key part of Avino's growth strategy, with a large endowment of silver and gold resources expected to be processed for years to come.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
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News
Avino Reports Q3 2023 Financial Results
Rhea-AI Summary
Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) released its consolidated financial results for the third quarter of 2023, reporting revenues of $12.3 million, mine operating income of $2.4 million, and net loss of $0.8 million. The company remains focused on achieving transformational growth and becoming an intermediate silver producer in Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
earnings
Stock ASM logo
Avino Silver & Gold Mines Ltd.

NYSE:ASM

ASM Rankings

#4274 Ranked by Market Cap
#3111 Ranked by Stock Gains
N/A Ranked by Dividends

ASM Stock Data

98.27M
123.84M
1.88%
7.88%
0.14%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver

About ASM

avino silver & gold mines ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in canada. it primarily explores for silver, gold, and copper deposits. the company owns interests in 42 mineral claims and four leased mineral claims, including avino mine area property comprises four concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; gomez palacio property consists of nine exploration concessions covering 2,549 hectares; santiago papasquiaro property comprising four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and unification la platosa properties, which include three leased concessions located in the state of durango, mexico. it owns a 100% interest in minto, and olympic-kelvin properties located in british columbia, canada. avino silver & gold mines ltd. was fo