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. reports developments tied to its silver, gold and copper mining business in Mexico. Company news centers on production from the Avino Mine, development and processing activity at La Preciosa, drilling at its mineral properties, and updates to mineral resources and reserves, including the Oxide Tailings Deposit.
Recurring announcements also cover audited and interim financial results, operating outlook, mill throughput, metal sales mix, and capital-allocation actions such as a normal course issuer bid. Coverage reflects Avino's role as a Canadian-listed precious-metals producer with common shares traded on the TSX, NYSE American and European exchanges.
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.
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.