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. (TSX: ASM, NYSE American: ASM) has announced a significant increase in its drilling program for 2021, escalating from 12,000 to 30,600 metres. This fully funded initiative aims to enhance shareholder value and includes additional phases and drilling on the Oxide Tailings resource. The budget for capital expenditures has also risen, expected to be between $9 and $11 million, up from $6 to $8 million. The company emphasizes adherence to COVID-19 safety protocols to protect its workforce and the surrounding community.
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.