Business
Avino Acquires Outstanding Royalties and Contingent Payments On La Preciosa, Achieving 100% Ownership and Lowering Operating Cost Profile
VANCOUVER, BC / ACCESS Newswire / August 25, 2025 / Avino Silver & Gold Mines Ltd. (TSX:A...
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":"Avino Acquires Outstanding Royalties and Contingent Payments On La Preciosa, Achieving 100% Ownership and Lowering Operating Cost ProfileVANCOUVER, BC / ACCESS Newswire / August 25, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) (\"Avino\" or the \"Company\"), a long-standing silver producer in Mexico, is pleased to announce that the Company has acquired 100% ownership of its La Preciosa project (\"La Preciosa\") by purchasing and extinguishing all of the outstanding royalties and contingent payment obligations (the \"La Preciosa Obligations\"), currently held by Deterra Royalties Limited (DRR) (\"Deterra\") (collectively, the \"Transaction\"). The consideration for this royalty purchase is a $13.25 million upfront payment followed by an $8.75 million payment deferred for one year. This second payment was already accounted for in the existing royalty agreement with Deterra.Highlights of this transaction:Restores full value and control of La PreciosaOptimizes financial structureEnhances project economicsReduces administrative burdensManageable impact on financial liquidity\"Avino has seized upon a unique opportunity to buy back all the royalties on La Preciosa\" said David Wolfin, President and CEO. \"This cornerstone asset is now materially unencumbered, and this transaction represents a unique investment opportunity for Avino, as operators rarely get the chance to increase project value through the purchase of previously-granted royalties. By eliminating the royalty burden immediately prior to commencing production, we believe we will generate meaningful returns on our investment by lowering La Preciosa's operating cost profile, and ensuring that as much of La Preciosa's value remains with the operator and its stakeholders. The incremental cash outlay of only US$13.25 million represents an acquisition that is accretive to Avino shareholders on a net asset value (NAV) per share basis. The current metal price environment has enabled Avino to generate significant profits and cash flows from its current Avino mine operations, leading to the strongest balance sheet in the Company's history and granting the ability to pursue investment opportunities that enhance shareholder value such as this. I would like to thank Deterra for being great partners as our team continued to advance La Preciosa on its wa...