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.
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.
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.