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. 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 Ltd. (ASM) will announce its Second Quarter 2022 financial results on August 10, 2022, after market closure. A conference call and webcast are scheduled for August 11, 2022, at 8:00 a.m. PDT (11:00 a.m. EDT). Investors and media can join via the provided online link or by dialing the appropriate phone numbers. The call will allow participants to ask questions and will be recorded for later access. The company operates primarily in silver production from the Avino Mine in Durango, Mexico.
Avino Silver & Gold Mines Ltd. (ASM) reported robust Q2 2022 production from its Avino Mine in Mexico. Silver equivalent production rose 42% to 649,569 ounces, with silver output increasing 37% to 225,537 ounces, gold production up 69% to 1,350 ounces, and copper production enhancing 35% to 1,644,342 pounds. Mill throughput also grew by 6%, reaching 118,224 dry tonnes. The company continues its drilling campaign on its Oxide Tailings Project, aiming to advance resources and explore new areas for potential development.
Avino Silver & Gold Mines Ltd. (TSX: ASM) reported strong Q2 2022 production results, achieving a 42% increase in silver equivalent production to 649,569 ounces. Silver output rose by 37% to 225,537 ounces, gold production surged 69% to 1,350 ounces, and copper production improved 35% to 1.6 million lbs. Despite declining metal prices, sales remained profitable. The company focuses on operational optimization and workforce growth and anticipates significant production growth over the next five years amidst rising demand for precious metals.
Avino Silver & Gold Mines Ltd. (ASM) held its Annual General Meeting on June 21, 2022, where all proposed resolutions were approved. Approximately 39.25% of outstanding shares were voted. Key outcomes included setting the number of directors at four and the election of Peter Bojtos as Chairman of the Board. Bojtos brings over 50 years of mining experience. Manning Elliott LLP was appointed as auditors, with 94.43% of votes in favor. The company remains committed to organic growth and strategic acquisitions to enhance shareholder value.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced positive drill results from Phase 2 of its 2021/2022 exploration program at the Avino Elena Tolosa area. The latest assays show significant mineralization below Level 17, with high-grade intercepts including 206 AgEq g/t over 41 metres. This confirms the continuity of the Avino vein's mineralization down to at least 290 metres and indicates potential for higher copper mineralization. The company plans to expand its drilling program, totaling 13 holes over 7,000 metres for 2022, to further explore these promising areas.
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.