Avino Silver Gld Stock Price, News & Analysis

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced drill results from its Oxide Tailings Project. The 2022 program, comprising 17 drill holes totaling 209 meters, continues to show promising gold grades, including 0.79 Au g/t over 10.5 meters. The results suggest significant resource expansion potential beyond previous estimates. Avino is conducting a comprehensive sampling for metallurgical studies to support an updated Pre-Feasibility Study. This project is central to the company's growth strategy towards becoming an intermediate producer.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced record quarterly revenues of $11.1 million and mine operating income of $4.7 million for Q1 2022. Earnings per share were $0.01, with adjusted earnings of $0.03. The closing of the La Preciosa acquisition for $29.7 million is expected to enhance growth potential. Despite strong financial performance, cash and working capital decreased significantly compared to the previous year. The company reported a cash balance of $11.7 million, down 57% year-over-year.

Avino Silver & Gold Mines Ltd. (TSX: ASM) plans to announce its First Quarter 2022 financial results after market close on May 11, 2022. A conference call and webcast will follow on May 12, 2022 at 9:00 a.m. PDT. Participants can join via the provided link or by calling in. Avino primarily produces silver at its wholly owned Avino Mine in Durango, Mexico. The company focuses on organic growth and strategic acquisitions while ensuring responsible environmental practices.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced a strategic move to grant Endurance Gold Corporation an option to acquire 100% of the Olympic Claims, including the former Minto Gold Mine and other prospects. This decision, aligning with Avino's goal of becoming an intermediate producer in Mexico, involves Endurance paying a total of $100,000, issuing 1.5 million shares, and committing $300,000 for exploration by December 31, 2024. The agreement includes a 2% net smelter return royalty (NSR) and potential share purchase warrants for Avino, aimed at streamlining operations by divesting non-core assets.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced its Q1 2022 production results, highlighting a 15% decrease in silver equivalent production to 457,798 oz. Gold production fell 66% to 801 oz, while copper production rose 8% to 1.2 million lbs. The recent acquisition of La Preciosa marks a significant milestone aimed at creating a district-scale operation. Despite a 7% increase in mill throughput to 111,138 tonnes, the company emphasizes the importance of transitioning into typical gold grade zones, affecting overall production.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced positive drill results from its Oxide Tailings Project in Vancouver, BC. The 2021 drill campaign included 110 holes totaling 3,645 meters, aiming to upgrade inferred mineral resources. Highlights from recent drilling show notable gold and silver grades, including 0.76 g/t Au over 19.5 meters. The company plans to conduct additional drilling in 2022 and is moving towards dry stack tailings, enhancing resource management. This development aligns with Avino's growth strategy as it continues to push towards intermediate producer status.

Coeur Mining, Inc. has successfully completed the sale of its La Preciosa silver project in Durango, Mexico, to Avino Silver & Gold Mines Ltd. The deal includes various components: $15.3 million in cash, a $5 million promissory note, equity consideration of 14 million units, deferred cash of approximately $8.8 million, and contingent payments of $0.25 per silver equivalent ounce, capped at $50 million. The transaction aligns with Coeur's strategy to divest non-core assets and focus on high-return projects, including the Rochester POA 11 expansion in Nevada, expected by mid-2024.

Avino Silver & Gold Mines Ltd. (TSX: ASM) has finalized its acquisition of Proyectos Mineros La Preciosa S.A. de C.V. and Cervantes LLC from Coeur Mining, Inc. for US$15.3 million in cash, a US$5 million promissory note, and 14 million shares. The La Preciosa property, located in Mexico, contains significant silver resources, estimated at 113 million ounces indicated and 24 million ounces inferred. This strategic acquisition aims to enhance Avino's production capabilities and operational synergies.

Avino Silver & Gold Mines Ltd. (ASM) reported strong Q4 and FY 2021 results, highlighting a significant revenue increase to $9.3 million, the highest since Q4 2019. The company achieved a mine operating income of $4.4 million, generating a net income of $2.6 million or $0.03 per share. Key achievements included the full repayment of a $10 million term facility and a strategic acquisition of the La Preciosa project, expected to close in Q1 2022. Cash balances surged to $24.8 million with working capital at $31.6 million. Positive production metrics and strong cash costs further underline optimism for 2022.