- CEO
- David Wolfin
- Full Time Employees
- 239
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 570 Granville Street Vancouver BC Canada V6C 3P1
- IPO Date
- Apr 16, 1996
- Business
- Avino Silver & Gold Mines Ltd. engages in the acquisition, exploration, development, and production of silver, gold, copper, and base metal properties primarily in Mexico. The company produces silver, gold, and copper concentrates from its wholly owned Avino Mine near Durango, Mexico, which includes the operating Elena Tolosa Mine and the San Gonzalo Mine in care and maintenance; it also processes oxide tailings and advances the adjacent La Preciosa project, which features high-grade silver-gold veins such as Gloria and Abundancia; additional exploration interests include the Bralorne Gold Mine and other properties in British Columbia and Yukon, Canada. Avino sells its concentrates to smelters, refiners, and commodity traders, with silver contributing approximately 58% of revenue, gold 32%, and copper with other by-products 10% based on 2024 figures; the company maintains unhedged production and employs around 350-559 people, predominantly Mexican nationals, while operating a dry-stack tailings facility for environmental sustainability. Founded in 1968 and headquartered in Vancouver, Canada, at 570 Granville Street, Avino focuses on low-cost operations with all-in sustaining costs around $18-22 per silver equivalent ounce. Recent developments include the August 2025 acquisition and extinguishment of all La Preciosa royalties and obligations from Deterra Royalties for $13.25 million upfront plus a deferred $8.75 million payment, enhancing 100% ownership; commencement of mining and trucking over 6,700 tonnes of mineralized material from La Preciosa to the Avino mill ahead of schedule in Q4 2025, with processing starting early and 70 personnel employed across three shifts; positive confirmatory drilling results announced in August and October 2025 confirming high-grade intercepts such as 1,638 g/t Ag and 1.92 g/t Au over 7.90 metres true width; record Q3 2025 financial results with $21 million revenue up 44%, net income, $57.3 million cash, and $50.8 million working capital; inclusion in the TSX30 2025 ranking at 5th position and addition to the VanEck Junior Gold Miners ETF in September 2025; and 2025 production guidance of 2.5-2.8 million silver equivalent ounces, supported by mill throughput improvements to 188,757 tonnes in Q3.