Avino Silver Gld Stock Price, News & Analysis
Company Description
Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM, FSE: GV6) is a mineral resource company focused on silver ore mining and related precious and base metals. According to company disclosures, Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico, with unhedged production of silver, gold and copper. The company is based in Canada and operates within the mining, quarrying, and oil and gas extraction sector, with an emphasis on silver ore mining and the advancement of its mineral properties.
The company’s operations center on the historic Avino Property and a portfolio that includes the Avino Mine, the San Gonzalo area, the Oxide Tailings Project and the Bralorne Gold project, along with other mineral interests. Avino states that it is engaged in the exploration, extraction and processing of silver, gold and copper and in the acquisition, exploration and advancement of mineral properties. The company has also highlighted that a majority of its revenues are generated through the sale of copper produced from its mines.
Core Assets and Growth Projects
Avino describes itself as a long-standing silver producer in Mexico, with its principal producing asset being the wholly owned Avino Mine near Durango. The company reports ongoing production of silver, gold and copper concentrates from this operation. In addition to the producing mine, Avino is advancing several growth projects on and near the Avino Property.
A key component of Avino’s growth strategy is the La Preciosa project, located adjacent to the existing Avino mine and infrastructure near Durango. Avino completed the strategic acquisition of the adjacent La Preciosa project in the first quarter of 2022. Subsequent company communications describe La Preciosa as a cornerstone asset and note that Avino has a large silver-equivalent resource base, including consolidated mineral resources at Avino and La Preciosa. Avino has also reported that La Preciosa is one of the larger undeveloped silver resources in Mexico, based on its technical reporting under Canadian National Instrument 43-101.
Avino has further strengthened its position at La Preciosa by acquiring and extinguishing all outstanding royalties and contingent payment obligations related to the project. Through a transaction with Deterra Royalties Limited and related parties, the company achieved 100% ownership of La Preciosa and removed net smelter return and gross value royalties as well as certain contingent payments tied to future discoveries. Avino indicates that this transaction restores full value and control of La Preciosa to the company and is expected to lower the project’s operating cost profile by eliminating royalty burdens.
On the Avino Property, another notable project is the Oxide Tailings Project. Avino reports that a pre-feasibility study on the Oxide Tailings Project was completed in early 2024 and describes this study as a key milestone in its growth trajectory. The company has also referenced a significant silver-equivalent resource base, with measured and indicated and inferred mineral resources disclosed in its technical reports, and has indicated an intention to release a first mineral reserve estimate in connection with its status as a Producing Issuer under NI 43-101.
Exploration and Technical Focus
Avino’s disclosures outline an active exploration and development program at both the Avino Mine and La Preciosa. At the Avino Mine, the company has reported ramp development in the Elena Tolosa (ET) area to deeper levels, with drilling programs designed to test the downdip extension of the Avino vein system and its continuation along strike. Avino notes that the Avino vein remains open at depth and along strike, and that earlier drilling results have shown grades and widths comparable to those currently being mined.
At La Preciosa, Avino has reported multiple drill campaigns focused on twinning historical drill holes and confirming previous results. The company has released detailed drill intercepts from the La Gloria and Abundancia veins, including high-grade silver and gold intervals over significant true widths. Avino’s technical descriptions characterize La Preciosa as an epithermal vein system typical of silver-rich deposits in Mexico, with mineralization hosted in multiple quartz veins and vein breccias containing silver-bearing minerals such as acanthite and associated sulphides.
Company news releases describe the geological setting of La Preciosa as lying on the eastern flank of the Sierra Madre Occidental, with vein systems including Abundancia, La Gloria and Martha traced over substantial strike lengths. Avino reports that drilling has intersected these veins in multiple holes and that the geometry of the current vein-based resource model has been verified by recent drilling. The company has also indicated that additional drilling and channel sampling are being used to refine the geological model, support underground mine planning and update resource estimates.
Operational Performance and Production Profile
Avino regularly reports production metrics from the Avino Mine, including tonnes milled, silver, gold and copper output, and silver-equivalent production. Company news releases for 2025 describe increased mill throughput, improved mill availability and plant efficiency, and a production profile measured in hundreds of thousands of silver-equivalent ounces per quarter. Avino has also reported that its silver, gold and copper production remains unhedged.
In its 2025 operational updates, Avino has highlighted elevated mill throughput and improvements in automation and plant performance, along with variations in feed grades for silver, gold and copper as mining progresses through different areas of the mine plan. The company has also described progress at La Preciosa, including ramp development (the San Fernando access decline), interception of the La Gloria and Abundancia veins, stockpiling of mineralized material and the commencement of trucking material to the Avino mill for processing.
Capital Markets Presence and Recognition
Avino Silver & Gold Mines Ltd. is listed on the Toronto Stock Exchange and the NYSE American under the symbol ASM, and on the Frankfurt Stock Exchange under the symbol GV6. The company has reported inclusion in several equity indices and recognition programs. In particular, Avino has announced its inclusion in the TSX30 2025, a Toronto Stock Exchange program recognizing top-performing TSX stocks based on dividend-adjusted share price appreciation over a three-year period. Avino states that it reached the fifth position on the TSX30 2025 ranking.
The company has also reported inclusion in the S&P/TSX Global Mining Index, the Solactive Global Silver Miners Index, and the Market Vectors Global Junior Gold Miners Index and the associated VanEck Junior Gold Miners ETF (GDXJ). Avino characterizes these inclusions as reflecting its status as an established silver producer with a growing production profile and as providing potential benefits in terms of liquidity and investor visibility.
Avino has also established an at-the-market equity offering program (ATM Offering) in the United States under a Form F-10 registration statement and a Canadian short form base shelf prospectus. The company has filed a prospectus supplement allowing it to issue common shares up to a specified aggregate sales amount through designated agents on the NYSE American or other U.S. trading markets. Avino describes the ATM as an additional source of financial flexibility that can be used at its discretion, subject to regulatory requirements.
Corporate Responsibility and ESG Practices
Avino has repeatedly emphasized its commitment to operating in a safe, environmentally responsible and cost-effective manner while contributing to the well-being of the communities in which it operates. The company reports that it follows ESG standards and aligns its efforts with the United Nations Sustainable Development Goals. Avino has published a sustainability report and has described a range of community-focused initiatives, including projects related to water infrastructure, reforestation, social support programs and cultural institutions in the Durango region.
A notable operational practice highlighted by Avino is the use of a dry-stack tailings facility at the Avino Mine. The company reports that it has been operating this dry-stack tailings facility for more than two years with what it describes as excellent results, and presents this as part of its approach to sustainable mining practices. Avino also notes that its mine workforce in Mexico is composed entirely of Mexican nationals and provides direct employment to several hundred people, including contractors and staff at the mine site and in Durango offices.
Corporate Structure and Investments
Avino is a Canadian issuer that files its continuous disclosure documents on SEDAR+ in Canada and on EDGAR in the United States. As a foreign private issuer, it reports to the U.S. Securities and Exchange Commission primarily through Form 6-K filings for news releases and interim financial information, and through a Form F-10 shelf registration statement for securities offerings.
The company also holds equity interests in other mineral exploration entities. For example, a Form 6-K filed in December 2025 describes Avino’s acquisition of additional common shares of Silver Wolf Exploration Ltd. pursuant to an option agreement, resulting in beneficial ownership of a minority stake in Silver Wolf common shares and associated warrants. Avino’s financial statements also reference other long-term investments in mining and exploration companies.
Business Model
Based on its public disclosures, Avino’s business model centers on the exploration, development and operation of silver-focused mining assets in Mexico, with by-product gold and copper production. The company seeks to advance both producing and development-stage projects on and near the Avino Property, including the Avino Mine, La Preciosa and the Oxide Tailings Project, and to generate revenue from the sale of metal concentrates. Avino also uses capital markets tools such as index inclusion, equity offerings and royalty transactions to support its project pipeline and balance sheet.