Avino Marks Another Quarter of Strong Production Results; Announces Date of Q2 Earnings Call
Avino Silver & Gold Mines (NYSE:ASM) reported strong Q2 2025 production results, delivering 645,602 silver equivalent ounces, a 5% increase from Q2 2024. The company achieved record quarterly mill throughput of 190,987 tonnes, up 36% year-over-year, driven by operational improvements and automation enhancements.
Key production metrics include a 17% increase in gold production to 1,774 ounces, a 12% increase in copper production to 1.5 million pounds, while silver production decreased 3% to 283,619 ounces. The company maintains a strong financial position with US$37 million in cash and remains debt-free. First-half 2025 production of 1.325 million silver equivalent ounces positions Avino well within its 2025 guidance of 2.5-2.8 million silver equivalent ounces.
Development at La Preciosa project continues with blasting and construction of the San Fernando main access decline, while exploration drilling programs are ongoing at both the Avino Mine and La Preciosa.
Avino Silver & Gold Mines (NYSE:ASM) ha riportato risultati di produzione solidi nel secondo trimestre 2025, con 645.602 once equivalenti d'argento, un aumento del 5% rispetto al Q2 2024. L'azienda ha raggiunto un record trimestrale di lavorazione in mulino di 190.987 tonnellate, in crescita del 36% su base annua, grazie a miglioramenti operativi e potenziamenti nell'automazione.
I principali indicatori di produzione mostrano un aumento del 17% nella produzione di oro a 1.774 once, un incremento del 12% nella produzione di rame a 1,5 milioni di libbre, mentre la produzione di argento è diminuita del 3% a 283.619 once. L'azienda mantiene una solida posizione finanziaria con 37 milioni di dollari in contanti e rimane senza debiti. La produzione del primo semestre 2025 di 1,325 milioni di once equivalenti d'argento posiziona Avino in linea con le previsioni per il 2025, comprese tra 2,5 e 2,8 milioni di once equivalenti d'argento.
Lo sviluppo del progetto La Preciosa prosegue con le operazioni di brillamento e la costruzione della galleria principale di accesso San Fernando, mentre sono in corso programmi di perforazione esplorativa sia nella miniera Avino che a La Preciosa.
Avino Silver & Gold Mines (NYSE:ASM) reportó sólidos resultados de producción en el segundo trimestre de 2025, entregando 645,602 onzas equivalentes de plata, un aumento del 5% respecto al segundo trimestre de 2024. La compañía logró un récord trimestral de procesamiento en molino de 190,987 toneladas, un incremento del 36% interanual, impulsado por mejoras operativas y avances en automatización.
Los principales indicadores de producción incluyen un aumento del 17% en la producción de oro hasta 1,774 onzas, un incremento del 12% en la producción de cobre hasta 1.5 millones de libras, mientras que la producción de plata disminuyó un 3% a 283,619 onzas. La empresa mantiene una sólida posición financiera con 37 millones de dólares en efectivo y sigue libre de deudas. La producción del primer semestre de 2025 de 1.325 millones de onzas equivalentes de plata sitúa a Avino bien dentro de su guía para 2025 de 2.5 a 2.8 millones de onzas equivalentes de plata.
El desarrollo del proyecto La Preciosa continúa con voladuras y la construcción del acceso principal San Fernando, mientras que los programas de perforación exploratoria están en marcha tanto en la mina Avino como en La Preciosa.
Avino Silver & Gold Mines (NYSE:ASM)는 2025년 2분기 강력한 생산 실적을 보고하며 645,602 은 환산 온스를 기록해 2024년 2분기 대비 5% 증가했습니다. 회사는 운영 개선과 자동화 향상에 힘입어 전년 대비 36% 증가한 분기별 사상 최대 190,987톤의 제련 처리량을 달성했습니다.
주요 생산 지표로는 금 생산이 17% 증가한 1,774온스, 구리 생산이 12% 증가한 150만 파운드인 반면, 은 생산은 3% 감소한 283,619온스를 기록했습니다. 회사는 3,700만 달러의 현금을 보유하며 부채가 없는 건전한 재무 상태를 유지하고 있습니다. 2025년 상반기 생산량은 132만 5천 은 환산 온스로, 2025년 목표치인 250만~280만 은 환산 온스 범위 내에 잘 위치해 있습니다.
라 프레시오사 프로젝트 개발은 발파 작업과 산 페르난도 주요 진입 갱도 건설이 계속 진행 중이며, 아비노 광산과 라 프레시오사 모두에서 탐사 시추 프로그램도 진행 중입니다.
Avino Silver & Gold Mines (NYSE:ASM) a annoncé de solides résultats de production pour le deuxième trimestre 2025, avec 645 602 onces équivalentes argent, soit une augmentation de 5 % par rapport au deuxième trimestre 2024. La société a atteint un record trimestriel de traitement au moulin de 190 987 tonnes, en hausse de 36 % en glissement annuel, grâce à des améliorations opérationnelles et des avancées en automatisation.
Les principaux indicateurs de production montrent une augmentation de 17 % de la production d'or à 1 774 onces, une hausse de 12 % de la production de cuivre à 1,5 million de livres, tandis que la production d'argent a diminué de 3 % à 283 619 onces. L'entreprise maintient une solide position financière avec 37 millions de dollars en liquidités et reste sans dettes. La production du premier semestre 2025 de 1,325 million d'onces équivalentes argent place Avino bien dans sa fourchette prévisionnelle pour 2025, comprise entre 2,5 et 2,8 millions d'onces équivalentes argent.
Le développement du projet La Preciosa se poursuit avec des travaux de dynamitage et la construction de la galerie principale d'accès San Fernando, tandis que des programmes de forage exploratoire sont en cours à la fois à la mine Avino et à La Preciosa.
Avino Silver & Gold Mines (NYSE:ASM) meldete starke Produktionsergebnisse für das zweite Quartal 2025 mit 645.602 Silberäquivalent-Unzen, was einer Steigerung von 5 % gegenüber dem zweiten Quartal 2024 entspricht. Das Unternehmen erreichte einen rekordverdächtigen quartalsweisen Durchsatz von 190.987 Tonnen, ein Plus von 36 % im Jahresvergleich, angetrieben durch betriebliche Verbesserungen und Automatisierungsmaßnahmen.
Wichtige Produktionskennzahlen umfassen eine Steigerung der Goldproduktion um 17 % auf 1.774 Unzen, eine Steigerung der Kupferproduktion um 12 % auf 1,5 Millionen Pfund, während die Silberproduktion um 3 % auf 283.619 Unzen zurückging. Das Unternehmen verfügt über eine starke Finanzposition mit 37 Millionen US-Dollar in bar und bleibt schuldenfrei. Die Produktion im ersten Halbjahr 2025 von 1,325 Millionen Silberäquivalent-Unzen positioniert Avino gut innerhalb der Prognose für 2025 von 2,5 bis 2,8 Millionen Silberäquivalent-Unzen.
Die Entwicklung des Projekts La Preciosa schreitet mit Sprengarbeiten und dem Bau des Hauptzugangs San Fernando voran, während Explorationsbohrungen sowohl in der Avino-Mine als auch in La Preciosa fortgesetzt werden.
- Record quarterly mill throughput of 190,987 tonnes, up 36% year-over-year
- Gold production increased 17% to 1,774 ounces
- Copper production rose 12% to 1.5 million pounds
- Strong balance sheet with US$37 million in cash and no debt
- Gold recovery improved to 74% from 70% in Q2 2024
- On track to meet 2025 production guidance of 2.5-2.8 million silver equivalent ounces
- Silver production decreased 3% to 283,619 ounces
- Lower feed grades across all three metals (silver, gold and copper)
- Silver recovery declined to 85% from 87% year-over-year
- Copper recovery decreased to 83% from 88% compared to Q2 2024
VANCOUVER, BC / ACCESS Newswire / July 22, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, continued strong production momentum in the second quarter with 645,602 silver equivalent ounces. Production in the first half of 2025 totaled 1.325 million silver equivalent ounces, which positions the Company well within the range of our original production estimate of 2.5 to 2.8 million silver equivalent ounces for 2025.
PRODUCTION HIGHLIGHTS - Q2 2025 (COMPARED TO Q2 2024)
Silver Equivalent Production Increased
5% : Avino produced 645,602 silver equivalent ounces in Q2 2025, representing a5% increase from Q2 of 2024. This increase was driven by significantly improved mill availability, with our highest quarterly mill throughput in history. This record throughput was partially offset by lower feed grades in all three metals (silver, gold and copper), as we moved through a lower grade section of the mine plan.Record Mill Throughput: In Q2 2025, Avino achieved
36% higher mill throughput versus Q2 2024, totalling a quarterly record of 190,987 tonnes of material. These throughput levels were a result of previous upgrades and automation enhancements made by our operations team, demonstrating significant improvements in mill availability.Gold Production Increased
17% : Q2 2025 production of 1,774 gold ounces represented a17% increase compared to Q2 2024. This improved production resulted from the increased tonnes processed, alongside significant improvements in gold recoveries to74% from70% in Q2 of 2024.Copper Production Increased
12% : Avino produced 1.5 million pounds of copper in Q2 2025, a12% increase compared to Q2 2024.Silver Production Decreased
3% : Silver production for Q2 2025 was 283,619 ounces, representing a3% decrease compared to Q2 2024.
Avino Mine Production Results
Q2 | Q2 | Change | YTD | YTD | Change | |
190,987 | 140,934 | Total Mill Feed (dry tonnes) | 358,840 | 310,529 | ||
55 | 75 | - | Feed Grade Silver (g/t) | 56 | 63 | - |
0.39 | 0.48 | - | Feed Grade Gold (g/t) | 0.46 | 0.47 | - |
0.42 | 0.51 | - | Feed Grade Copper (%) | 0.46 | 0.46 | -% |
- | Recovery Silver (%) | - | ||||
Recovery Gold (%) | ||||||
- | Recovery Copper (%) | - | ||||
283,619 | 292,946 | - | Total Silver Produced (oz) | 549,300 | 543,589 | |
1,774 | 1,514 | Total Gold Produced (oz) | 3,999 | 3,292 | ||
1,461,980 | 1,305,549 | Total Copper Produced (lbs) | 3,065,323 | 2,652,659 | ||
645,602 | 616,571 | Total Silver Equivalent Produced (oz)1 | 1,324,060 | 1,246,053 |
"We are very pleased to report another quarter of strong production at Avino. The second quarter of 2025 saw increased mill availability, which is a direct result of the operational excellence demonstrated by our team during the quarter, as well as the benefits being realized from the upgrades to our mill facilities and spare parts processes that were made in previous periods by operations, maintenance and procurement teams," said David Wolfin, President and CEO of Avino. "Tonnes milled during the quarter exceeded our internal forecasts, primarily due to improved plant performance and increased operational efficiency. With two strong quarters behind us, we are on track to meet our 2025 production guidance. At La Preciosa, blasting and development activities are progressing steadily as we approach the Abundancia vein structure. With strong performance at the Avino mine year to date and the continued advancement at La Preciosa, we remain on track with our transformational growth strategy."
Balance Sheet Update
Avino had approximately US
La Preciosa Update
Blasting and construction of the relatively short 360 metre San Fernando main access decline is underway, and equipment mobilization has been swift, allowing development to advance on plan. The new jumbo drill is working on this ramp as it progresses toward intercepting the Gloria and Abundancia veins. Site services have been installed and an existing building has been renovated for site personnel. Recent photos showcasing the work at La Preciosa are available on the Avino website - click here to view them.
Exploration Resource and Reserve Update
The 2025 delineation drilling commenced at the Avino Mine in April with a program consisting of 9 planned holes from surface. The objective is to test the downdip extension of the Avino vein system below the current lowest mining level, following the trend of previous drilling reported on September 14, 2023. The Avino deposit remains open at depth, and earlier results have shown comparable grades and widths to those currently being mined.
A second surface drill was deployed at La Preciosa to confirm prior drill results from previous operators and to improve the understanding of the grade zonation close to the scheduled mining areas near the ramp. Earlier drill core from previous operators, was extensively utilized to provide sample data for earlier technical reports, so remaining samples were limited. To date, three drill holes have been completed and drilling will continue until the end of October. Drilling information will be utilized in underground mine planning, 3D modelling as well as an update to the Resource estimate that is due in Q1 2026. In addition, Avino is planning on releasing its first mineral reserve estimate at the same time as the Company has now met the requirements for a Producing Issuer under the NI 43-101 standards of disclosure for mineral projects.
Earnings Announcement
The Company's unaudited condensed consolidated interim financial statements for the Second Quarter 2025, will be released after the market closes on Wednesday, August 13, 2025.
A conference call to discuss the Company's Q2 2025 operational and financial results will be held on Thursday, August 14, 2025, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.
Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q2 2025 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.
Toll Free: 888-506-0062
International: +1 973-528-0011
Participant Access Code: 992730
Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion.
The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.
Quality Assurance/Quality Control
Mill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.
Qualified Person(s)
Peter Latta, P.Eng., MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101, has reviewed and approved the technical data in this news release.
About Avino
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.
For Further Information, Please Contact:
Investor Relations
Tel: 604-682-3701
Email: IR@avino.com
This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 16, 2023, and can be viewed within Avino's latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.
Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources
All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The U.S. Securities and Exchange Commission ("SEC") now recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any "measured mineral resources," "indicated mineral resources," "inferred mineral resources", "proven mineral reserves", or "probable mineral reserves" that the Issuer reports are or will be economically or legally mineable. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Footnotes:
1.In Q2 2025, AgEq was calculated using metal prices of
SOURCE: Avino Silver & Gold Mines Ltd.
View the original press release on ACCESS Newswire
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