BRIEF

on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)

Avino's Strong Production Results in Q4 and Full Year 2024

Stock price chart of Avino Silver & Gold Mines Ltd. (EBR:ASM) showing fluctuations.

Avino Silver & Gold Mines Ltd., a well-known silver producer in Mexico, reported a substantial increase in production for Q4 and the entirety of 2024. In the fourth quarter, the company produced 735,557 silver equivalent ounces, a 32% increase from the same period in 2023. The full year production reached 2.65 million silver equivalent ounces, marking a 10% rise from the previous year.

Key factors driving growth included higher gold grades and increased mill throughput. Notably, gold production surged 76% in Q4 with 2,560 ounces, primarily due to improved feed grade. Mill throughput increased by 26%, recording the highest quarter in the company's history. The company's cash position was strong at $26 million with no debt, setting the stage for upcoming expansion at the La Preciosa project.

Additionally, enhancements in health and safety metrics were highlighted, with a significant reduction in Lost Time Incident Frequency Rate by 32%. These achievements reflect Avino's strategic focus on operational efficiency and expansion, positioning them for continued growth in 2025.

R. H.

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