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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 (ASM) reported record financial performance for Q4 and full-year 2024. Q4 highlights include: revenue up 95% to $24.4M, gross profit increased 308% to $10.5M, and net income rose 804% to $5.1M ($0.03/share).
Full-year 2024 achievements include: record revenue of $66.1M (up 51%), gross profit of $23.2M (up 197%), and net income of $8.1M ($0.06/share). The company reached an all-time high cash balance of $27.3M, up 916%.
Operational performance showed significant improvements with Q4 silver equivalent production reaching 735,557 ounces (up 32% YoY). Full-year production hit 2.65M silver equivalent ounces. Mill throughput increased to 181,733 tonnes in Q4, marking the highest quarterly throughput in company history.
The company commenced underground development at La Preciosa in January 2025 following permit approvals and achieved a 32% reduction in Lost Time Incident Frequency Rate for 2024.
Avino Silver & Gold Mines (TSX/NYSE American/FSE: ASM) has scheduled the release of its Fourth Quarter and Full Year 2024 financial results after market close on March 11th, 2025. The company will host a conference call and webcast on March 12, 2025, at 8:00 AM PDT (11:00 AM EDT) to discuss the results.
Stakeholders can join via webcast or by dialing toll-free 888-506-0062 (International: 973-528-0011) using participant access code 461244. The event will include a Q&A session, and a recording will be available on the company's website afterward.
Avino Silver & Gold Mines has outlined its 2025 outlook and highlighted key achievements from 2024. The company plans to process 700,000-750,000 tonnes through its mill in 2025, targeting 2.5-2.8 million silver equivalent ounces production. With approximately $26 million in cash and zero debt at 2024 year-end, Avino has allocated a total capital budget of $13-18 million for 2025.
Key 2024 achievements include: record revenues in Q2 and Q3, a 32% increase in Q4 silver equivalent production to 735,557 ounces, and a 76% increase in Q4 gold production. The company completed a Pre-Feasibility Study for the Oxide Tailings Project showing an after-tax NPV5% of $61 million and secured a long-term land-use agreement for La Preciosa, where underground development has commenced.
The company's 2025 growth initiatives focus on La Preciosa development, exploration of the Avino Vein, and mill upgrades. Health and safety performance improved with a 32% reduction in Lost Time Incident Frequency Rate.
Avino Silver & Gold Mines reported strong Q4 and full-year 2024 production results. Q4 production reached 735,557 silver equivalent ounces, up 32% from Q4 2023, while full-year production totaled 2.65 million silver equivalent ounces, a 10% increase from 2023.
Key Q4 achievements include: record mill throughput of 181,733 tonnes (26% increase), gold production of 2,560 ounces (76% increase), and improved operational metrics. The company ended 2024 with approximately $26 million in cash and remains debt-free. Health and safety performance showed significant improvement, with a 32% reduction in Lost Time Incident Frequency Rate.
The company met its production estimate range of 2.5-2.8 million silver equivalent ounces, driven by improved copper and silver grades, better copper recoveries, and higher mill feed compared to 2023. Underground development work at La Preciosa has commenced following permit approvals.
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.