on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)
Avino Silver & Gold Mines Reports Increased Production in Q1 2024
Avino Silver & Gold Mines Ltd., a prominent silver producer in Mexico, has announced a significant increase in production for the first quarter of 2024. The company produced a total of 629,302 silver equivalent ounces, which marks a 13% increase from the previous quarter’s production.
Key production increases include a 12% rise in silver output reaching 250,642 ounces and a 2% increase in copper production totaling 1.35 million lbs. Gold production saw a notable rise of 22%, with 1,778 ounces produced. The mill throughput also improved by 18% compared to Q4 2023 totaling 169,595 tonnes.
David Wolfin, President and CEO of Avino, attributed the successful quarter to enhanced mill throughput and expressed optimism for the upcoming operations at La Preciosa, which is expected to drive future growth and provide economic benefits to local communities. The company continues to prepare for the environmental permits necessary for further development at La Preciosa.
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