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) has announced initial drill results from its 2021 exploration campaign, highlighting significant mineralization across multiple veins, including El Trompo, Santiago, and La Malinche. The drill program has covered 1,569 meters at El Trompo, showing promising grades, particularly in silver and gold. Geologically favorable conditions near existing infrastructure enhance the potential for further development. The company plans to integrate these data into its geological models to explore economic deposits and increase resources at the Avino mine.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced the successful outcomes of its Annual General & Special Meeting held on May 27, 2021. A total of 28,050,671 common shares, representing approximately 28.11% of issued shares, were voted. Resolutions included setting the number of directors at five, with all nominated directors receiving substantial votes for their election. Additionally, the appointment of Manning Elliott LLP as auditors and the approval of unallocated entitlements under the 2018 Rolling Stock Option and Restricted Share Unit Plans were passed, showing strong shareholder support.
Avino Silver & Gold Mines reported its Q1 2021 financial results, highlighting zero production due to a work stoppage, resulting in revenues of just $29, down 100% from $7,116 in Q1 2020. The company experienced a net loss of $1.8 million, or $0.02 per share, a significant increase from $232,000 in the previous year. However, they managed to reduce debt by $0.8 million and increase working capital to a record $31 million, attributed to strong metal prices. The company has plans for an expanded drill program and initiatives to restart production and support local communities.
Avino Silver & Gold Mines Ltd. (TSX: ASM) announced it will release its First Quarter 2021 financial results on May 12, 2021, after market close. A conference call and webcast will follow on May 13, 2021, at 9:00 a.m. PST. Participants can join the call without a passcode, with the opportunity to ask questions during the Q&A session. Avino operates primarily in silver production, with a strategy focused on organic growth and strategic acquisitions in Mexico.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM) has announced a significant increase in its drilling program for 2021, escalating from 12,000 to 30,600 metres. This fully funded initiative aims to enhance shareholder value and includes additional phases and drilling on the Oxide Tailings resource. The budget for capital expenditures has also risen, expected to be between $9 and $11 million, up from $6 to $8 million. The company emphasizes adherence to COVID-19 safety protocols to protect its workforce and the surrounding community.
Avino Silver & Gold Mines Ltd. (ASM) reported its consolidated financial results for Q4 and the year ending 2020. The company faced challenges due to the pandemic, leading to operational suspensions and a strike. Financial highlights include Q4 revenues of $1.4 million, an 87% decrease from the previous year, and a net loss of $1.6 million, $0.02 per share. Total revenues for 2020 were $16.0 million, a 50% decline year-over-year. The company reduced debt by $7.1 million and is focused on ramping up operations in 2021, having reported an increase in measured and indicated mineral resources.
Avino Silver & Gold Mines Ltd. (TSX: ASM) will announce its Fourth Quarter and Year End 2020 financial results on March 3, 2021, after market close. A conference call and webcast will follow on March 4, 2021, at 8:00 a.m. PST. Shareholders and interested parties can join via a provided link or by telephone. Avino primarily operates in Mexico, focusing on silver production and maintaining an unhedged position. The company's strategy emphasizes organic growth and strategic acquisitions.
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE: ASM) announced the initiation of its 2021 drilling program, comprising 12,000 meters targeting key veins at the Avino property. The program aims to expand mineralization and confirm continuity in areas like the El Trompo, Santiago, and Avino ET veins. The exploration budget for 2021 is set between US$6 million and US$8 million. Additionally, improvements in the dry stack tailings project are underway, expected to enhance operational safety and efficiency.
Avino Silver & Gold Mines Ltd. (TSX:ASM) has filed a new short form base shelf prospectus and a prospectus supplement allowing for the distribution of common shares worth up to US$25.0 million in the United States. The sales will occur under a sales agreement with designated agents on the NYSE American. A cash commission of up to 3.0% of gross proceeds will be paid to the agents. The offering aims for market prices during the sales period, which continues until the maximum amount is reached or terminated earlier.
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