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) generates a steady flow of news related to its silver, gold and copper operations in Mexico and its activities as a Canadian-listed mining company. This news page aggregates company announcements, market disclosures and technical updates so readers can follow how Avino’s producing Avino Mine and growth projects such as La Preciosa and the Oxide Tailings Project are progressing over time.
Recent Avino news releases have focused on operational performance at the Avino Mine near Durango, Mexico, including quarterly production figures, mill throughput, and silver-equivalent output. The company frequently reports on mill availability, plant efficiency and changes in feed grades for silver, gold and copper as it advances through its mine plan. Financial updates, such as interim results and discussions of cash balances and working capital, are also common topics in Avino’s news flow.
A significant portion of Avino’s news coverage relates to the development of the La Preciosa project. The company has published detailed drill results from the La Gloria and Abundancia veins, described geological characteristics of the deposit and reported on ramp development, stockpiling of mineralized material and the start of trucking La Preciosa material to the Avino mill. These releases provide insight into how La Preciosa is being integrated into Avino’s broader production profile.
Investors will also find news on corporate and capital markets events, including Avino’s inclusion in the TSX30 2025 ranking, index additions such as the Market Vectors Global Junior Gold Miners Index and the VanEck Junior Gold Miners ETF (GDXJ), and the renewal of the company’s at-the-market equity program. By reviewing this news feed regularly, readers can monitor Avino’s operational updates, exploration results, ESG initiatives and financing activities in one place.
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.
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.