CEO Clips - Avino Silver & Gold Mines: Sustainable Silver Production in Mexico

March 25, 2024

Investing in Mining Stocks

A Fresh Look at Avino's Strategic Growth and Environmental Responsibility

Avino Silver & Gold Mines has been a symbol of enduring success and sustainable growth in the precious metals sector. Founded in 1968 by the father of the current CEO, this venture has flourished into a notable silver producer, primarily operating out of its wholly-owned Avino Mine near Durango, Mexico. The company's journey from a single mine to a significant player in the silver, gold, and copper markets is a tale of vision, perseverance, and strategic foresight.

Avino stands out not only for its impressive silver equivalent reserves—amounting to 371 million ounces—but also for its commitment to environmental stewardship and community well-being. With 70 million metric tonnes of mineral resources, the company has secured over five decades of mine life, showcasing its potential for long-term sustainable and profitable mining operations.

The key to Avino's strategy lies in its recent acquisition of the La Preciosa mine from Core, located just 19km away from the Avino Mine. This strategic move not only expands Avino's operational footprint but also sets the stage for a groundbreaking oxide tailings project. With plans to triple its output within a five-year timeframe, Avino is on a clear path to significantly boost its production capabilities while maintaining its unwavering commitment to environmental responsibility and the prosperity of local communities.

Avino's innovative approach to mining extends beyond its expansion projects. The company prides itself on its silver, gold, and copper production remaining unhedged, a strategy that underlines its confidence in the intrinsic value and market demand for its commodities. This bold stance, coupled with a hands-on approach to managing business activities in a cost-effective manner, has positioned Avino as a steadfast and reliable partner to shareholders and the surrounding community alike.

As Avino breaks ground on La Preciosa and advances its oxide tailings project, the future looks bright for this family-run business. With a solid foundation built on decades of experience and an ambitious plan to triple output, Avino is poised to continue its legacy of sustainable growth and environmental stewardship in the precious metals industry.

For more information on Avino Silver & Gold Mines Ltd. (TSX: ASM, NYSE American: ASM)  please click the request investor info button.

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