MINING REFINING

Avino Highlights Strong Q4 and Full Year 2024 Production Results

Tue Jan 21 2025

Avino Silver & Gold Mines reported strong Q4 and full-year 2024 production results. Q4 production reached 735,557 silver equivalent ounces, up 32% from Q4 2023, while full-year production totaled 2.65 million silver equivalent ounces, a 10% increase from 2023.

Key Q4 achievements include: record mill throughput of 181,733 tonnes (26% increase), gold production of 2,560 ounces (76% increase), and improved operational metrics. The company ended 2024 with approximately $26 million in cash and remains debt-free. Health and safety performance showed significant improvement, with a 32% reduction in Lost Time Incident Frequency Rate.

The company met its production estimate range of 2.5-2.8 million silver equivalent ounces, driven by improved copper and silver grades, better copper recoveries, and higher mill feed compared to 2023. Underground development work at La Preciosa has commenced following permit approvals.

Source: https://www.stocktitan.net/