Avino Silver & Gold Reports Record 2024 Performance

Avino Silver & Gold ( (ASM) ) has released its Q4 earnings. Here is a breakdown of the information Avino Silver & Gold presented to its investors.

Avino Silver & Gold Mines Ltd. is a prominent silver producer operating in Mexico, specializing in the extraction of silver, gold, and copper, with a focus on sustainable and profitable mining practices. The company recently announced its record-breaking financial performance for 2024, highlighting substantial improvements across key financial metrics. Avino reported record revenues of $66.1 million for the year, marking a 51% increase from the previous year, driven by enhanced production and favorable metal prices. The company’s net income soared to $8.1 million, reflecting a 1394% increase, while cash flow from operations reached $23.1 million, up over 1400%. Avino’s operational success was bolstered by a 32% increase in silver equivalent production in Q4 2024 and a 26% rise in mill throughput, showcasing the company’s improved efficiency and capacity. With a strong cash position of $27.3 million, Avino is well-equipped to pursue its growth strategy and capitalize on future opportunities. Looking ahead, Avino’s management remains optimistic about continued growth and value creation, supported by a solid financial foundation and positive market trends.