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:ASM) delivers precious and base metals through sustainable mining practices. This news hub provides investors with essential updates on operational developments, financial performance, and strategic growth in the mineral exploration sector.
Access real-time press releases covering quarterly earnings, resource estimates compliant with NI 43-101 standards, and operational milestones from the Avino Mine district. Our curated collection includes updates on exploration progress, metal production figures, and sustainability initiatives without speculative commentary.
Key updates feature expansion of mineral reserves, mill optimization achievements, and community engagement programs. Investors will find critical information on copper production trends, silver equivalent resource calculations, and cost management strategies that drive Avino's operational efficiency.
Bookmark this page for direct access to verified ASM disclosures. Combine regular monitoring with fundamental analysis to track the company's progress in Mexico's mineral-rich regions while maintaining awareness of precious metal market dynamics.
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.
Avino Silver & Gold Mines Ltd. (TSX: ASM) plans to announce its Fourth Quarter and Year End 2021 financial results on March 16, 2022, after market close.
A conference call and webcast will follow on March 17, 2022, at 8:00 a.m. PST. Participants can join via toll-free numbers or the link provided.
The Company focuses on silver production from its Avino Mine in Durango, Mexico, aiming to create shareholder value through growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced promising drill results from its La Potosina area, located near the San Gonzalo Mine. The 2021 drill program totaled 2,400 meters, revealing high-grade mineralization similar to San Gonzalo. Key findings include Hole LP-21-06, which returned 4.40 meters at 270 g/t Ag and 463 g/t AgEq. The company has plans for 6,000 meters of drilling in 2022, focusing on high-grade targets that could enhance mill feed. The La Potosina Vein demonstrates considerable promise for future exploration.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced its 2022 outlook and highlighted achievements from 2021. Successful Q4 2021 production exceeded expectations, contributing to a projected silver equivalent output of 2.2M to 2.6M ounces in 2022. The company is focusing on growth capital expenditures of $6.5M to $8.5M, including the completion of a dry stack tailings facility. Additionally, Avino plans to drill 15,000 metres to explore new resource areas. The acquisition of La Preciosa property, expected to close in Q1 2022, aims to transform production potential.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported strong fourth quarter and full year 2021 production results from its Avino Mine in Durango, Mexico. Key highlights include a 101% increase in silver equivalent production to 541,432 oz and a 139% rise in silver production to 163,933 oz compared to Q3 2021. Underground operations saw a 56% increase in haulage, while silver feed grades improved by 11%. The company continues to focus on expanding operations and enhancing local workforce training, with plans for an acquisition of La Preciosa.
Avino Silver & Gold Mines Ltd. (ASM) has reported encouraging results from Phase 2 of its 2021 drilling campaign, completing over 15,500 metres of drilling. Significant mineralization was found in the Brecha de Bajo and newly discovered Bart veins, indicating promising prospects near existing underground workings. High gold and silver grades were also reported in the Nuestra Señora and La Malinche veins. The company plans further exploration to solidify its resource bases as it continues to operate in Durango, Mexico.
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