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.
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 Profit: Avino posted its highest-ever quarterly net income of $7.7 million, or $0.05 per share, up sharply from $1.2 million in Q3 last year.
Revenue Growth: Revenue for the quarter was $21 million, up 44% compared to the same period last year.
Strong Cash Position: Cash at quarter-end reached a record $57.3 million, and working capital was $51 million, providing significant financial flexibility.
Margin Expansion: Gross profit margin improved to 47% (from 39% last year), and was 53% on a cash basis.
La Preciosa Milestone: Processing of ore from La Preciosa started ahead of schedule, with plans to ramp from one to two mill circuits in 2026 and potential for further expansion.
Cost Increases: Cash costs per silver equivalent ounce rose 14% year-over-year to $17.06, and all-in sustaining costs increased 9% to $24.06 per ounce, mainly due to metal price movements.
Exploration Success: Drilling at La Preciosa delivered significantly higher grades and wider intercepts than the current resource, supporting future mine planning and resource updates.
