Avino Silver & Gold ( (ASM) ) has released its Q1 earnings. Here is a breakdown of the information Avino Silver & Gold presented to its investors.
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Avino Silver & Gold Mines Ltd. is a long-standing silver producer operating primarily in Mexico, focusing on the extraction of silver, gold, and copper, with a commitment to sustainable mining practices.
In the first quarter of 2025, Avino Silver & Gold Mines Ltd. reported record financial performance, continuing the momentum from the previous year. The company achieved significant earnings growth, driven by increased metal prices and efficient operational execution.
Key financial highlights for Q1 2025 include a record net income of $5.6 million, a substantial increase from the previous year, and revenues of $18.8 million, marking a 52% rise. The company also reported a gross profit of $10.6 million, a 352% increase, and strong EBITDA of $9.7 million, up 466% from Q1 2024. Operationally, Avino saw an 8% increase in silver equivalent production and notable improvements in gold and copper output.
Avino’s strategic focus remains on organic growth and expansion, with ongoing development at the La Preciosa mine. The company is well-positioned to leverage positive market trends in the precious metals sector, supported by a robust cash position and increased working capital.
Looking ahead, Avino’s management remains committed to delivering sustainable growth and value for stakeholders, supported by strong financial health and strategic development initiatives.