Avino Silver & Gold Mines Ltd. reported that its 2025 production met guidance, delivering 1,157,828 ounces of silver, 7,621 ounces of gold and 5,667,996 pounds of copper. The figures translate to 2.6 million silver‑equivalent ounces, comfortably within the company’s 2025 guidance range of 2.5 to 2.8 million silver‑equivalent ounces.
The 2025 output represents a modest decline from the 2.65 million silver‑equivalent ounces produced in 2024, indicating a slight contraction in overall throughput. The dip is largely attributable to the ramp‑up phase at La Preciosa, which, while contributing significantly to silver production in the fourth quarter, has not yet reached full‑scale operating capacity.
La Preciosa’s development progress is a key driver of the company’s growth strategy. The mine’s early drilling and ore extraction activities have begun feeding material into the Avino mill, and the 2025 production figures reflect the first tangible output from this second asset. Management views the project as a critical step toward transforming Avino into a multi‑asset producer over the next five years.
Cost metrics for 2025 show cash costs per silver‑equivalent ounce at $14.84 and all‑in sustaining costs at $20.57, matching the 2024 levels and underscoring disciplined cost control amid rising commodity prices. The company’s cash balance as of December 31 2025 stood at approximately $100 million, a significant increase from the $27.3 million reported at the end of 2024, providing a strong liquidity cushion for future capital expenditures.
Financially, Avino generated $66.1 million in revenue for 2024 and $21.0 million in Q3 2025, with a net income of $8.1 million in 2024 and $7.7 million in Q3 2025. While the company did not report full‑year 2025 financials in this release, the production results and cost stability suggest that operating cash flow will remain robust and that the company is well positioned to fund ongoing development at La Preciosa.
CEO David Wolfin emphasized the company’s disciplined approach, stating, “With a clear vision and disciplined approach, we are confident that long‑term shareholders will be well positioned to share in the success we are working hard to achieve.” The guidance for 2025 remains unchanged, reflecting management’s confidence in maintaining production stability while continuing to invest in growth assets.
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