CEO Clips - Avino Silver & Gold Mines Targets Growth to Three Producing Assets
La Preciosa project expected to drive higher-grade silver production.
Avino Silver & Gold Mines holds significant leverage to silver with more than 300 million ounces of silver equivalent across its asset base. The company produces silver, gold and copper and is advancing an organic growth plan aimed at expanding from one producing mine to three within five years.
A key part of that plan is the development of the La Preciosa project, acquired in 2022. Management expects La Preciosa to play a major role in future growth, noting that the silver grade at the new mine is higher than current production at Avino.
Avino sells 100 percent of its product to Samsung, a partnership that has been in place for a decade. The company reports a strong financial position with approximately 100 million U.S. dollars in the bank and no debt.
Avino is listed on both the Toronto and New York Stock Exchanges and trades as a highly liquid stock with millions of shares changing hands daily.
To learn more about Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM), watch their video HERE
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