CEO Clips - Avino Silver & Gold Mines: Expanding Operations with a Strong Growth Vision
Avino Silver & Gold, a debt-free junior producer with 57 years of history, is expanding its operations with a clear growth strategy focused on silver, gold, and copper production in Mexico.
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Driving Toward Intermediate Producer Status
Avino Silver & Gold (TSX: ASM, NYSE American: ASM) has carved out a solid reputation as a junior silver and gold producer with a legacy spanning over five decades. Based in Durango, Mexico—a region known for its rich mineral resources—Avino operates with a 100% Mexican workforce, reinforcing its commitment to local development. The company’s growth strategy aims to transition from a junior producer to intermediate status within the next five years, leveraging its impressive resource base of 371 million ounces of silver equivalent.
With a robust financial position, Avino is debt-free, cash-flow positive, and holds $26 million in the bank, setting the stage for strategic expansion. The company's revenue breakdown reflects its diversified portfolio: 49% from silver, 19% from gold, and the remainder from copper. A major milestone was recently achieved with the commencement of operations at its second mine, located just 19 km from its primary site. This project, designed with a minimal environmental footprint, will utilize underground ramp access, with ore transported to the Avino mill for processing—maximizing efficiency and cost-effectiveness.
For more information on Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM) please click the request investor info button.
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