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 has commenced underground development at its wholly-owned La Preciosa Property in Mexico after receiving all required mining permits. The company is advancing a 350-metre mine access and haulage decline to intercept the high-grade La Gloria and Abundancia veins. The first phase of development is budgeted at under $5M, funded from cash reserves.
The company reports approximately $26 million in cash at the end of 2024 and remains debt-free except for operating equipment leases. La Preciosa, one of Mexico's largest undeveloped silver deposits, features higher silver grades than currently being mined at Avino. The project is expected to generate local economic growth through direct and indirect employment opportunities.
Avino Silver & Gold Mines reports strong Q3 2024 financial results with revenues of $14.6 million, up 19% from Q3 2023. The company achieved a gross profit of $5.7 million and net income of $1.2 million. Production increased 13% to 670,887 silver equivalent ounces, with improved operating costs showing a 12% decrease in cash costs to $14.94 per silver equivalent payable ounce. The company maintains strong liquidity with $7.7 million in cash and $15.8 million in working capital. Notable improvements include a 55% increase in copper production and 19% increase in silver production compared to Q3 2023.
Avino Silver & Gold Mines reports a strong Q3 2024 production, with silver equivalent production increasing 13% to 670,887 oz compared to Q3 2023. Key highlights include:
- Silver production up 19% to 281,831 oz
- Copper production up 55% to 1.8 million lbs
- Gold production decreased to 1,625 oz
- Mill throughput increased by 1% to 156,512 tonnes
The company remains on track with its targeted full-year production of 2.5M to 2.8M silver equivalent ounces. Avino is also in the final stages of approval for underground development at La Preciosa, an integral part of its 5-year growth plan. The Q3 2024 financial results will be released on November 12, 2024, followed by a conference call on November 13, 2024.
Avino Silver & Gold Mines (ASM) reported record quarterly revenues of $14.8 million in Q2 2024, a 60% increase from Q2 2023. The company achieved a gross profit of $4.7 million and net income of $1.2 million ($0.01 per share). Key financial highlights include:
- Adjusted earnings of $4.3 million ($0.03 per share)
- EBITDA of $3.4 million
- Cash costs of $16.29 per silver equivalent payable ounce sold
- All-in sustaining cash costs of $22.74 per silver equivalent payable ounce sold
The company processed 10,000 tonnes from La Preciosa surface stockpiles, contributing to a 26% increase in silver ounces produced. Avino remains on track with its targeted full-year production of 2.5M to 2.8M silver equivalent ounces.
Avino Silver & Gold Mines (ASM) reported Q2 2024 production of 616,571 silver equivalent ounces, a 5% increase from Q2 2023. Silver production rose 26% to 292,946 oz, while copper production decreased 10% to 1.3 million lbs. Gold production remained flat at 1,514 oz. The company processed 9,951 tonnes from La Preciosa surface stockpiles, contributing to increased silver production. Avino remains on track for its 2024 production target of 2.5M to 2.8M silver equivalent ounces. The company awaits environmental permits for La Preciosa, a key component of its 5-year growth plan. Q2 2024 financial results will be released on August 13, 2024, followed by a conference call on August 14.
Avino Silver & Gold Mines reported the results of its 2024 Annual General Meeting held on May 30, 2024. All proposed resolutions were passed, with 46,123,595 common shares representing 34.71% of the total shares voted. Key resolutions included setting the number of Directors at four, electing Ronald Andrews, Peter Bojtos, Carolina Ordoñez, and David Wolfin to the Board, and appointing Deloitte LLP as auditors. The 2024 10% Rolling Stock Option Plan and Unallocated Entitlements under the 2018 Restricted Share Unit Plan were also approved. Additionally, Jasman Yee retired from the Board after 13 years, ending a 22-year tenure with the company.
Avino Silver & Gold Mines (ASM) has issued a reminder to shareholders to vote ahead of the 2024 Annual General Meeting (AGM), scheduled for May 30, 2024, at 10:00 AM PT.
Shareholders are urged to cast their votes by May 28, 2024, at 10:00 AM PT. The Board advises voting in favor of all proposed resolutions. Voting can be done online or by phone using the instructions provided in the Form of Proxy or Voting Instruction Form.
Shareholders needing assistance can contact Laurel Hill Advisory Group, the proxy solicitation agent, through provided contact details.
Avino Silver & Gold Mines reported $12.4 million in revenues in Q1 2024, with a gross profit of $2.3 million. The net income was $0.6 million, and EBITDA was $1.7 million. Cash costs per silver equivalent payable ounce sold were $14.89, with all-in sustaining cash costs at $20.23. The company showed improvements in unit costs and margins compared to 2023, with positive net income and cash flow generation. Avino remains committed to advancing La Preciosa and achieving growth targets. The company has a strong financial position and a strategic growth plan for the future.
Avino Silver & Gold Mines (TSX:ASM)(NYSE American:ASM)(FSE:GV6) will release its First Quarter 2024 financial results on May 8, 2024, followed by a conference call and webcast on May 9, 2024. Shareholders, analysts, investors, and media can participate in the event to learn more about the company's performance.
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