
Avino Silver & Gold Mines Ltd
TSX:ASM

Avino Silver & Gold Mines Ltd
Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. The company is headquartered in Vancouver, British Columbia and currently employs 30 full-time employees. The company went IPO on 2018-01-08. The firm is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The company owns interests in mineral properties located in Durango, Mexico, as well as in British Columbia and the Yukon, Canada. Its subsidiary, Avino Mexico owns approximately 42 mineral claims and leases four mineral claims in the state of Durango, Mexico. Its Avino Mine area property is situated around the towns of Panuco de Coronado. Its Ana Maria property is located near the town of Gomez Palacio. Its Santiago Papasquiaro property is located near the village of Santiago Papasquiaro. Its Unification La Platosa properties are situated within the Avino Mine area property near the towns of Panuco de Coronado. Its Minto and Olympic-Kelvin, each of which consists of Crown-granted mineral claims located in the Lillooet Mining Division. The company has a 100% interest in the Eagle property.
Record Revenue: Q2 2025 revenue reached $21.8 million, a 47% increase over last year and the second highest in company history.
Profit Growth: Net income rose to $2.9 million ($0.02 per share), more than doubling from last year; adjusted earnings reached $8.8 million ($0.06 per share).
Strong Margins: Gross profit margin improved to 45% from 32% last year, with cash gross margin at 52%.
Low Costs: Cash cost per silver equivalent ounce dropped 7% to $15.11, while all-in sustaining cost fell 8% to $20.93 per ounce.
Robust Balance Sheet: Cash balance was $37.3 million end of Q2, increasing to about $48 million after quarter-end; working capital exceeded $40 million.
Production Milestones: Record mill throughput and 5% higher silver equivalent production, with significant increases in gold (17%) and copper (12%) output.
La Preciosa Progress: Development advancing on schedule; material from this project expected to be included in production profile, with guidance reiterated for 2025.
Guidance Maintained: 2025 production guidance remains 2.5–2.8 million silver equivalent ounces.