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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 reported strong Q1 2025 production results, achieving 678,458 silver equivalent ounces, an 8% increase from Q1 2024. The company saw improvements across all metals:
- Gold production up 25% to 2,225 ounces
- Copper production increased 19% to 1.6 million pounds
- Silver production rose 6% to 265,681 ounces
The growth was primarily driven by improved grades in all three metals, despite slightly lower mill throughput. The company completed jaw crusher upgrades in Q1 2025 with minimal downtime. At La Preciosa mine, development is progressing with blasting and construction of a 360-metre decline underway, following permit receipt in January 2025. The company will release Q1 2025 financial results on May 13, 2025.
Avino Silver & Gold Mines (TSX: ASM) (NYSE American: ASM) has unveiled its strategic expansion plans as a debt-free, cash-flow positive precious metals producer. The company, operating in Durango, Mexico, aims to achieve intermediate producer status within five years.
Key highlights include:
- A substantial mineral resource base of 371 million ounces of silver equivalent
- Strong financial position with $26 million in cash reserves
- Diversified revenue stream from silver, gold, and copper production
- 100% Mexican workforce
- Development of a second mine utilizing existing processing infrastructure
The company's expansion strategy focuses on efficient production growth while minimizing environmental impact and maximizing profitability through the use of existing infrastructure.
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.