Avino Reports Q3 2024 Production; Announces Date Of Q3 Earnings Call

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VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, reports third quarter production of 670,...

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(TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, reports third quarter production of 670,...</p>\n\n<a href=\"https://finance.yahoo.com/news/avino-reports-q3-2024-production-104500290.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avino Reports Q3 2024 Production; Announces Date Of Q3 Earnings Call</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvino Reports Q3 2024 Production; Announces Date Of Q3 Earnings Call\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-17 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/avino-reports-q3-2024-production-104500290.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, reports third quarter production of 670,...</p>\n\n<a href=\"https://finance.yahoo.com/news/avino-reports-q3-2024-production-104500290.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASM","symbol_name":"Avino Silver & Gold Mines","start_time":0,"source_url":"https://finance.yahoo.com/news/avino-reports-q3-2024-production-104500290.html","article_id":"2476145731","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JoRH9FCxxZcGsUtKzSzIVQ--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/c56d0c131228d86b346e05965edf488c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476145731","pubTimestamp":1729161900,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Avino Silver & Gold Mines Ltd.  a long-standing silver producer in Mexico, reports third quarter production of 670,887 silver equivalent1 ounces.Silver equivalent1 production increased 13% to 670,887 oz. Copper production increased 55% to 1.8 million lbs. Consolidated Production - Three and Nine Months Ended September 30, 2024. Production: Production during the quarter significantly increased due to overall mill performance and availability. The Company remains on track with our targeted full year production of 2.5M to 2.8M silver equivalent ounces.La Preciosa: Following the signing of the long-term land use agreement with a local community on January 9th, 2024, our operations team is in the final stages for approval to move forward with underground development at La Preciosa. Recent photos from the La Preciosa property can be viewed on our website by clicking here.The Company's unaudited condensed consolidated interim financial statement","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ASM":"Avino Silver & Gold Mines"},"translate_title":"Avino报告2024年第三季度产量；公布第三季度收益看涨期权日期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASM":0.9},"content_text":"VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, reports third quarter production of 670,887 silver equivalent1 ounces.\nProduction Highlights - Q3 2024 (compared to Q3 2023)\n\nSilver equivalent1 production increased 13% to 670,887 oz\nSilver production increased 19% to 281,831 oz\nCopper production increased 55% to 1.8 million lbs\nGold production decreased to 1,625 oz\nMill throughput increased by 1% to 156,512 tonnes\n\nConsolidated Production - Three and Nine Months Ended September 30, 2024\n\n\n\n\nQ32024\nQ32023\nChange\n\nYTD2024\nYTD2023\nChange\n\n\n156,512\n154,507\n1%\nTotal Mill Feed (dry tonnes)\n467,041\n471,635\n-1%\n\n\n63\n56\n13%\nFeed Grade Silver (g/t)\n63\n53\n19%\n\n\n0.46\n0.58\n-20%\nFeed Grade Gold (g/t)\n0.47\n0.53\n-11%\n\n\n0.58\n0.42\n37%\nFeed Grade Copper (%)\n0.50\n0.46\n9%\n\n\n89%\n86%\n3%\nRecovery Silver (%)\n88%\n87%\n1%\n\n\n69%\n72%\n-4%\nRecovery Gold (%)\n70%\n73%\n-4%\n\n\n88%\n80%\n11%\nRecovery Copper (%)\n87%\n83%\n5%\n\n\n281,831\n237,165\n19%\nTotal Silver Produced (oz)\n825,420\n703,920\n17%\n\n\n1,625\n2,077\n-22%\nTotal Gold Produced (oz)\n4,917\n5,883\n-16%\n\n\n1,771,250\n1,143,827\n55%\nTotal Copper Produced (lbs)\n4,423,909\n3,987,016\n11%\n\n\n670,887\n591,208\n13%\nTotal Silver Equivalent Produced (oz)1\n1,916,940\n1,856,772\n3%\n\n\n\n\n\"Our team delivered a strong third quarter, with production increasing by an impressive 13%, as we have managed to overcome ore crushing challenges in June and July. Mill availability, coupled with higher grades and recoveries in silver and copper, respectively, put us back on track for our production guidance of 2.5 to 2.8 million silver equivalent ounces in 2024\" said David Wolfin, President and CEO of Avino. \"Our operations team is ready to begin underground development as soon as necessary approvals are received for La Preciosa. La Preciosa is an integral piece of our 5-year plan and will deliver economic growth and benefit to the local communities in Durango. With the price of silver continuing to gather strength, we remain focused on delivering organic growth for all stakeholders.\"\n2024 Third Quarter Highlights\n\nProduction: Production during the quarter significantly increased due to overall mill performance and availability. The Company remains on track with our targeted full year production of 2.5M to 2.8M silver equivalent ounces.\nLa Preciosa: Following the signing of the long-term land use agreement with a local community on January 9th, 2024, our operations team is in the final stages for approval to move forward with underground development at La Preciosa. Recent photos from the La Preciosa property can be viewed on our website by clicking here.\n\nEarnings Announcement\nThe Company's unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2024, will be released after market on Tuesday, November 12, 2024.\nA conference call to discuss the Company's Q3 2024 operational and financial results will be held Wednesday, November 13, 2024, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.\nShareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q3 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.\nToll Free: 877-545-0523International: 973-528-0016Participant Access Code: 976130\nParticipants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the company name. Participants will have the opportunity to ask questions during the Q&A portion.\nThe conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.\nQuality Assurance/Quality Control\nMill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.\nQualified Person(s)\nPeter Latta, P. Eng, MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this news release.\nAbout Avino\nAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 million silver equivalent ounces, within our district-scale land package. Early in 2024, a pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.\nFor Further Information, Please Contact:\nInvestor RelationsTel: 604-682-3701Email: IR@avino.com\nThis news release contains \"forward-looking information\" and \"forward-looking statements\" (together, the \"forward looking statements\") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino Property, including La Preciosa, located near Durango in west-central Mexico (the \"Avino Property\") with an effective date of November 30, 2022, prepared for the Company, and references to Measured, Indicated, Inferred Resources dated October 16, 2023 as well as the Prefeasibility Study dated January 16, 2024 and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as \"forward-looking statements\" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as \"expects\", \"anticipates\", \"plans\", \"projects\", \"estimates\", \"envisages\", \"assumes\", \"intends\", \"strategy\", \"goals\", \"objectives\" or variations thereof or stating that certain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.\nCautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources\nAll reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition Standards. The U.S. Securities and Exchange Commission (\"SEC\") now recognizes estimates of \"measured mineral resources,\" \"indicated mineral resources\" and \"inferred mineral resources\" and uses new definitions of \"proven mineral reserves\" and \"probable mineral reserves\" that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any \"measured mineral resources,\" \"indicated mineral resources,\" or \"inferred mineral resources\" that the Issuer reports are or will be economically or legally mineable. Further, \"inferred mineral resources\" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.\nNeither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.\nFootnotes:\n1. In Q3 2024, AgEq was calculated using metal prices of $29.42 per oz Ag, $2,476 per oz Au and $4.18 per lb Cu. In Q3 2023, AgEq was calculated using metals prices of $23.57 oz Ag, $1,929 oz Au and $3.79 lb Cu. For YTD 2024, AgEq was calculated using metal prices of $27.21 per oz Ag, $2,295 per oz Au and $4.15 per lb Cu. For YTD 2023, AgEq was calculated using metal prices of $23.44 oz Ag, $1,932 oz Au and $3.90 lb Cu. Calculated figures may not add up due to rounding.\nSOURCE: Avino Silver & Gold Mines Ltd.\n\nView the original \npress release on accesswire.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476145731"}