Avino Silver & Gold Mines Ltd.

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Avino Silver & Gold Mines Ltd. has been committed to responsible mining for 57 years, focusing on producing silver and gold that drive innovation across various industries, including technology, healthcare, aerospace, and clean energy. The company emphasizes enriching lives through sustainable practices and community empowerment, aiming for shared success and long-term development.

Verified company data

Cash position: $3.4 million
Shares outstanding: 169.86M
Mineral resource: The Oxide Tailings Project hosts gold and silver from past producing historic operations in an inactive tailings facility located on the Avino property with a 5.7 million tonnes of measured and indicated resource grading 95g/t of silver equivalent. Historically, near surface oxidised material was not recovered well by Avino’s conventional flotation mill, which has created this opportunity for re-processing the tailings. In 2017 a Preliminary Assessment was completed, followed by recommended drilling and metallurgical work which then led to a completed Pre-Feasibility study in 2024.
Projects: ["Oxide Tailings Project: The Oxide Tailings Project involves reprocessing historic tailings from Avino’s past operations to recover remaining silver, gold, and copper. This initiative uses modern technology to extract additional value from previously mined material while reducing environmental impact. It enhances the long-term potential of the Avino Property by extending mine life, improving resource efficiency, and supporting sustainable development. Most Recent Update - Preliminary Feasibility Study: In February 2024, Avino Silver & Gold Mines Ltd. reported the results of the Preliminary Feasibility Study (the “PFS”) prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects (“NI 43-101”) for its Oxide Tailings Project (the “OTP” or the “Project”) at the Company’s Avino Mine Operations located near Durango in west-central Mexico (the “Property”). The work that was completed as the basis for the PFS was managed by Tetra Tech Canada Inc. of Vancouver, BC. The completion of the PFS is a key milestone in Avino’s path to transformational growth. The economics of our oxide tailings project combined with the relatively low capital requirements has the potential to significantly enhance the current Avino operation and grow cashflow. Economic Returns: Base Case. The gold and silver prices for the financial analysis were: Silver Price: US$23.45/tr. oz, Gold Price: US$1,840/tr. oz. US$61M Post-Tax NPV 5%, US$98M Pre-Tax NPV 5%, 26% Post-Tax IRR, 35% Post-Tax IRR, Payback Period 3.5 Years Post-Tax, Payback Period 2.9 Years Pre-Tax. Capital Costs - LOM Production Unit Costs: US$49.1 Million Initial Capital Cost, US$9.71 per tr oz/AgEq Cash Costs, US$10.23 per tr oz/AgEq AISC All-In Sustaining Cost. Direct Employment: 121 Employees in Durango, Over $50 Million In Mexican Tax Contributions, Additional Jobs Indirect Employment and Contractors, Over $140 Million Exp. Local Economy Contributions. Adding to Growth Profile: Nominal Processing Rate 6.7 Million Tonnes, Proven & Probable Mineral Reserves 2,250 tpd, Nominal Process Rate 55 g/t Ag Grade, 0.47 g/t Au Grade, 9 Years Life of mine, Metal Recoveries Doré Production 77.2% Ag, 74.9% Au, 9,073,000 oz Ag, 76,000 oz Au. Ease of Construction & Operation: Location Within Existing Avino Mine Operations, Infrastructure Power, water & road established. Oxide Tailings Feasibility Study Timeline - From PEA to PFS."]
Leadership: Ronald Andrews (Chairman, Independent Director, Mr. Andrews is the President of West Wind Property Inc. and has extensive experience in public mining companies, including serving as Chairman and Director of Coral Gold Resources Ltd.), David Wolfin (President, CEO, Director, Mr. Wolfin has over 35 years of experience in the mineral resources industry and has led Avino's growth from partial ownership to full ownership and commercial production.), Carolina Ordonez (Independent Director, Carolina is recognized as one of the Top 10 Most Influential Hispanics in Canada and has over 15 years of experience in the resource sector.), Michael Clark (Independent Director, Mr. Clark is a Chartered Professional Accountant with extensive experience in financial roles within the mining sector.), Linda Broughton (Independent Director, Ms. Broughton is a mining executive with over 35 years of experience in corporate and operations roles, specializing in environmental geochemistry and mine reclamation.), Carlos Rodriguez (Chief Operation Officer, Mr. Rodriguez is a professional geologist with over 42 years of experience in underground mining and regional exploration in Mexico.), Nathan Harte, CPA (Chief Financial Officer, Mr. Harte is a Canadian Chartered Professional Accountant with over a decade of experience in finance across mineral exploration and production.), Peter Latta (Senior Vice President, Technical Services, Mr. Latta is a professional engineer with 20 years of operational and engineering experience in the mining industry.), Marc Turcotte (Senior Vice President, Corporate Development, Marc has over 20 years of experience in corporate development and strategic transactions within the mining sector.), Jennifer Trevitt (Corporate Secretary, Ms. Trevitt has over 25 years of experience in securities and corporate finance.), Jennifer North (Head of Investor Relations, Ms. North has over 26 years of experience with publicly traded mining companies and has played a key role in Avino's leadership team.), Andrew Kaplan (Capital Markets Strategic Consultant, Andrew has over 30 years of experience in financial public relations and capital markets activities.

Verified data last updated: 2026-10-16

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