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.
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Avino Silver & Gold Mines (ASM) reported its Q1 2023 financial results, highlighting steady production levels with a 48% increase over Q1 2022. Key financial metrics include:
- Revenues of $9.8 million
- Mine operating income of $1.9 million
- Net loss of $0.4 million
- Cash costs per silver equivalent payable ounce sold of $14.22
- All-in sustaining cash cost per silver equivalent payable ounce sold of $20.17
The company also reported operational achievements, including an updated mineral resource estimate totaling 368 million silver equivalent ounces across all properties, favorable metallurgical results from the Oxide Tailings Project, and the completion of a dry-stack tailings facility. Avino remains focused on its growth plan to become an intermediate silver producer in Mexico.
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Avino Silver & Gold Mines Ltd. (AMEX: ASM) reported impressive production results for Q1 2023, achieving 678,247 silver equivalent ounces, a 48% increase from the previous year. This growth is part of a 12-month trailing total of 2.9 million silver equivalent ounces from the Avino Mine. Key highlights include:
- Silver production: up 43% to 234,338 ounces.
- Copper production: increased by 15% to 1.4 million lbs.
- Gold production: surged 185% to 2,286 ounces.
- Mill throughput: rose 44% to 159,757 tonnes.
The company also announced an updated mineral resource estimate, now totaling 368 million silver equivalent ounces, with significant increases across various metrics.
Avino Silver & Gold Mines Ltd. (NYSE: ASM) reports a tragic workplace incident resulting in the loss of a contractor's employee at the Avino Mine in Durango, Mexico, as announced on April 5, 2023. The company's CEO, David Wolfin, expressed condolences to the deceased's family and colleagues. Despite this tragic event, Avino does not expect any disruption to production at the mine. Avino remains committed to supporting the Mexican authorities in their investigation. The company continues to focus on creating shareholder value through profitable growth and controls significant mineral resources totaling 368 million silver equivalent ounces. Operations remain environmentally responsible and cost-effective, ensuring the well-being of surrounding communities.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM) announced promising metallurgical results from its Oxide Tailings project, which has a resource of 5.7 million tonnes with a silver equivalent grade of 95 g/t. The project aims to reprocess oxidized material previously underutilized due to limitations in conventional methods. Highlights include a 408% increase in measured and indicated resources since 2021 and significant recoveries of gold (up to 89.5%) and silver (up to 90.4%) using conventional techniques. The results pave the way for a Pre-Feasibility Study and align with Avino's growth strategy in Mexico.
Avino Silver & Gold Mines Ltd. (ASM) reported its fourth quarter and full year 2022 financial results, highlighting a record revenue of $14.6 million for Q4 and $44.2 million for the year, a remarkable 294% increase year-over-year. The mine operating income stood at $4.4 million for Q4 and $15.1 million for the year. Despite strong revenue growth, net income fell by 51% to $1.3 million for Q4. Cash costs per silver equivalent ounce were $11.76 for Q4 and $10.34 for the year. The company successfully ramped up production, achieving significant increases in silver and gold ounces produced, and continues its growth strategy with the La Preciosa acquisition.
Avino Silver & Gold Mines Ltd. (AMEX: ASM) will announce its Fourth Quarter and Year End 2022 financial results on March 28, 2023, after market close. A conference call and webcast are scheduled for March 29, 2023, at 8:00 a.m. PDT to discuss the results. All interested parties can participate to ask questions during the call. Avino is focused on silver production from its Avino Mine in Durango, Mexico, with a mission to create shareholder value through organic growth and strategic acquisitions. The company controls approximately 368 million silver equivalent ounces of mineral resources.
Avino Silver & Gold Mines has released an updated mineral resource estimate (MRE) showcasing substantial increases across several deposits. Highlights include:
- Measured and Indicated Resources: 161 million silver equivalent ounces, a 38% increase.
- Inferred Resources: 70 million silver equivalent ounces, a significant 90% rise.
- Oxide Tailings: 5.7 million tonnes in resources, up 407%, with 17.4 million silver equivalent ounces, a 287% increase.
The update reflects continued exploration success and positions Avino for long-term growth, with an ambitious 2023 exploration program planned.
Avino Silver & Gold Mines Ltd. (NYSE: ASM) has outlined its 2023 operational outlook and highlights from 2022. The company plans to process approximately 700,000-750,000 tonnes of ore, aiming for production of 2.8M to 3.2M silver equivalent ounces. Capital expenditures will range from $9M to $11.5M, funded from Q4 2022 cash flows. Key 2022 milestones include the acquisition of La Preciosa, record production of 2,655,502 AgEq ounces, and completion of the dry-stack tailings facility. Avino's exploration efforts will focus on extending mineralization at the Avino Mine with 8,000 meters of drilling planned for the year.