on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)
Avino Silver & Gold Mines Sets 2025 Outlook Following Strong 2024 Results
Avino Silver & Gold Mines Ltd., based in Vancouver, has outlined its 2025 outlook after posting strong 2024 results. The company achieved significant milestones, including a pre-feasibility study release for its Oxide Tailings Project, and a secure land-use agreement for La Preciosa.
In 2025, Avino plans to process between 700,000 and 750,000 tonnes of material, anticipating a production of 2.5 to 2.8 million silver equivalent ounces. The company's robust financial standing, with $26 million in cash and no debt, supports these growth plans.
Avino's 2024 achievements include a 32% increase in silver production, setting record revenues, and reinforcing safety measures, with a 32% reduction in the Lost Time Incident Frequency Rate. Furthermore, the completion of necessary permits for underground development at La Preciosa marks a strategic advancement.
R. E.
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