Avino Silver & Gold Mines LtdASM
What Avino Silver & Gold Mines Ltd does.
The Company is a Canadian-based resource firm focused on silver, gold, and copper exploration, extraction and processing. The Company has a long prior history of operation, beginning in 1968 with the development of the Avino Silver Mine, located in the state of Durango, Mexico (the “Avino Mine”). From 1974 to 2001, the Avino Mine produced silver, gold, copper and lead and provided hundreds of jobs for the Durango region before closing due to depressed metal prices and closing of a smelter. Beginning in 2002, the Company re-directed its corporate strategy to focus almost entirely on silver, and the Company began acquiring silver properties in North America.. In October 2014, Avino acquired Bralorne Gold Mines Ltd. (“Bralorne”), a British Columbia company, which owns the past producing Bralorne Gold Mine in British Columbia, as a wholly-owned subsidiary. The Avino Mine in Mexico, the Bralorne Mine in British Columbia, and surrounding mineral leases continue to hold silver and gold potential. On December 13, 2019, the Company completed the sale of Bralorne to Talisker. The sale includes the Bralorne Gold Mine and is part of the Company’s plan to focus on its core mining operations in Mexico. For more information regarding the sale, please see below. The Company also had an option agreement with Alexco Resources Corp. on its wholly-owned Eagle Property located in the Yukon. This option agreement was terminated on January 31, 2019. The Avino Property, along with other silver and gold projects, will remain the Company’s principal focus for the foreseeable future. The Eagle Property is currently inactive.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $31.7M | $16.0M | $11.2M | $44.2M | $43.9M | $66.2M |
| Net income | -$31.5M | -$7.7M | -$2.1M | $3.1M | $542,000 | $8.1M |
| Free cash flow | — | — | $109,000 | $12.2M | $1.9M | — |
More on ASM.
- Avino Silver & Gold Mines Ltd summary
- Avino Silver & Gold Mines Ltd financial statements
- Avino Silver & Gold Mines Ltd key metrics
- Avino Silver & Gold Mines Ltd health scores and style box
- Avino Silver & Gold Mines Ltd earnings
- Avino Silver & Gold Mines Ltd dividends
- Avino Silver & Gold Mines Ltd valuation
- Avino Silver & Gold Mines Ltd ownership and insiders
- Avino Silver & Gold Mines Ltd peers
Figures from Avino Silver & Gold Mines Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.