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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.
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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.