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. generates news primarily related to operational performance, exploration results, and capital markets activities. The company's news flow reflects the typical disclosure pattern of a producing junior miner with active exploration programs.
Quarterly production and financial results provide insight into how mining operations performed during the period, including tonnes of ore processed, metal production volumes, and concentrate sales. These updates allow investors to track whether the company is meeting operational expectations and generating cash flow from its Mexican mining operations. Exploration news focuses on drilling results, reporting the grade and width of mineralized intercepts discovered through systematic drilling campaigns. High-grade silver and gold intercepts can indicate the potential to expand mineral resources and extend mine life.
Corporate developments include announcements about capital raises, equity programs, and strategic initiatives such as royalty acquisitions that impact the company's capital structure and property portfolio. As a company that requires ongoing capital to fund exploration and development, financing announcements are a regular component of Avino's news profile. The company also reports on operational milestones like new underground development, processing plant modifications, and production guidance updates that affect near-term output expectations.
For investors tracking Avino's progression from explorer to producer, this news page consolidates material announcements that help assess the company's operational execution, resource growth potential, and financial positioning. Bookmark this page to monitor developments across Avino's producing mines and exploration properties as the company advances its mineral assets in Mexico and Canada.
Avino Silver & Gold Mines Ltd. (ASM) reported its consolidated financial results for Q4 and the year ending 2020. The company faced challenges due to the pandemic, leading to operational suspensions and a strike. Financial highlights include Q4 revenues of $1.4 million, an 87% decrease from the previous year, and a net loss of $1.6 million, $0.02 per share. Total revenues for 2020 were $16.0 million, a 50% decline year-over-year. The company reduced debt by $7.1 million and is focused on ramping up operations in 2021, having reported an increase in measured and indicated mineral resources.
Avino Silver & Gold Mines Ltd. (TSX: ASM) will announce its Fourth Quarter and Year End 2020 financial results on March 3, 2021, after market close. A conference call and webcast will follow on March 4, 2021, at 8:00 a.m. PST. Shareholders and interested parties can join via a provided link or by telephone. Avino primarily operates in Mexico, focusing on silver production and maintaining an unhedged position. The company's strategy emphasizes organic growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE: ASM) announced the initiation of its 2021 drilling program, comprising 12,000 meters targeting key veins at the Avino property. The program aims to expand mineralization and confirm continuity in areas like the El Trompo, Santiago, and Avino ET veins. The exploration budget for 2021 is set between US$6 million and US$8 million. Additionally, improvements in the dry stack tailings project are underway, expected to enhance operational safety and efficiency.
Avino Silver & Gold Mines Ltd. (TSX:ASM) has filed a new short form base shelf prospectus and a prospectus supplement allowing for the distribution of common shares worth up to US$25.0 million in the United States. The sales will occur under a sales agreement with designated agents on the NYSE American. A cash commission of up to 3.0% of gross proceeds will be paid to the agents. The offering aims for market prices during the sales period, which continues until the maximum amount is reached or terminated earlier.
Avino Silver & Gold Mines Ltd. (ASM) has announced an updated mineral resource estimate for its Avino Property in Mexico. Highlights include a 60% increase in silver equivalent ounces to 75.9 million ounces and a 90% increase in overall tonnage, totaling 20.3 million metric tonnes. Gold and copper grades also improved by 6% and 11%, respectively. However, there was a 10% decrease in consolidated silver grades due to depletion at San Gonzalo. The report, prepared by Tetra Tech Inc., will be available on SEDAR and SEC.
Avino Silver & Gold Mines Ltd. (ASM) announced its Q3 2020 financial results, revealing a significant revenue drop of 61% to $2.7 million due to a strike halting production. The net loss from continuing operations rose to $4.6 million, or $0.05 per share. Despite cash reserves increasing by 20% to $12.5 million, mine operating losses totaled $0.2 million, impacted by $0.9 million in standby costs. The company is preparing to restart operations following the resolution of the strike, with a reported $3 million raised from warrant exercises.
Avino Silver & Gold Mines Ltd. (ASM) will announce its Third Quarter 2020 financial results on November 9, 2020, after market close. A conference call and webcast are scheduled for November 10, 2020, at 8:00 a.m. PST (11:00 a.m. EST) to discuss the results. Participants can join the call without a passcode and are invited to ask questions. The company is focused on creating shareholder value through profitable growth and strategic acquisitions at its Avino Mine in Mexico.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced the conclusion of a strike at its Avino Mine following 12 weeks of negotiations with the Mexican Mining Union. President and CEO David Wolfin praised the efforts of the management team and thanked the local community for their support. Prior to resuming operations, the company will assess all mining equipment. Additionally, Avino is progressing with the construction of a dry-stack tailings storage facility (TSF#2), which is expected to foster community support and enhance production activities, benefiting local economies.
Avino Silver & Gold Mines Ltd. (ASM) reported successful outcomes at its Annual General Meeting held on August 27, 2020, with 29,992,209 shares representing 35.84% of outstanding shares voted. Key resolutions passed include setting the board of directors at five members and electing Ronald Andrews, Peter Bojtos, Gary Robertson, David Wolfin, and Jasman Yee, each with over 96% support. Additionally, Manning Elliott LLP was appointed as auditors with 96.39% approval. The board expressed appreciation for shareholder support.
Avino Silver & Gold Mines Ltd. (ASM) announced an option agreement with Gray Rock Resources Ltd. for the exclusive right to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico. Gray Rock will issue Avino share purchase warrants for 300,000 common shares at $0.20 each, and make total payments of $600,000 in cash or shares over four years. Additionally, Gray Rock must incur $750,000 in exploration expenditures. The agreement, deemed a related party transaction, awaits approval from the TSX Venture Exchange.
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