Business
Avino Provides 2025 Outlook and Highlights 2024 Achievements
VANCOUVER, BC / ACCESS Newswire / February 6, 2025 / Avino Silver & Gold Mines Ltd. (TSX:...
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":"Avino Provides 2025 Outlook and Highlights 2024 AchievementsVANCOUVER, BC / ACCESS Newswire / February 6, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, is pleased to share the outlook for 2025 alongside a summary of its key achievements in 2024.\"Strong operating results from the Avino Mine, coupled with a record-breaking financial performance in the fourth quarter, have set the stage for 2025 to be another successful year for Avino,\" stated David Wolfin, President and CEO. \"Many major milestones for our company were achieved for 2024 including the release of the Pre-Feasibility Study for the Oxide Tailings Project, which demonstrated positive economic results that continue to improve with the current metal prices. We secured a long-term land-use agreement with the local community early in 2024 at La Preciosa which led to the completion of surface works, and construction of outbuildings, and hauling and processing the surface stockpiles at our Avino Mill. Equipment required for the development of the underground ramp was secured. The year ended with the receipt of all required permits and the commencement of development. As we begin 2025, we are thrilled to continue delivering on our growth plan by bringing La Preciosa into production! We aim to leverage what we see as an undervalued silver market, positioned for robust growth driven by increasing demand.\"2025 OUTLOOKProductionFor 2025, the Company plans to process approximately 700,000 to 750,000 tonnes of material through the mill, sourced from both the Avino Mine and La Preciosa. During the first half of the year, material will primarily come from the Avino Mine, with processing of material from La Preciosa expected to arrive at the mill in the second half of the year.Based on current metal prices, the Company anticipates producing between 2.5 million and 2.8 million silver equivalent ounces.Balance Sheet UpdateAvino had approximately $26 million in cash at the end of 2024 and remains debt-free, excluding operating equipment leases, demonstrating significant cash flow generation throughout Q4 2024. Our strong balance sheet and working capital will provide the foundation to support our transformational growth plan.Capital Budget: Mexican OperationsGrowth CapitalUS$M$6 - 8Exploration & Evaluatio...