Avino Silver & Gold Mines Ltd. (ASM) Bundle
A Brief History of Avino Silver & Gold Mines Ltd. (ASM)
Founding and Early Years
Founding and Early Years
Avino Silver & Gold Mines Ltd. was founded in 1968. The company is based in Vancouver, Canada, and is primarily engaged in the exploration and development of silver and gold mining properties. The initial focus was on the mining properties in Mexico, particularly the Avino property located in Durango State.
Acquisition of Properties
In 1974, Avino acquired the Avino mine, which had been in operation since the colonial era. Over the years, the company expanded its portfolio, acquiring additional silver and gold properties in north-central Mexico.
Production Milestones
In 2010, Avino resumed production at the Avino mine after a lengthy hiatus. In 2021, the company reported a production of approximately 1.39 million ounces of silver equivalent, which included about 429,902 ounces of silver and 4,043 ounces of gold.
| Year | Silver Production (oz) | Gold Production (oz) | Total Silver Equivalent Production (oz) |
|---|---|---|---|
| 2019 | 383,150 | 3,232 | 609,728 |
| 2020 | 353,840 | 4,245 | 585,252 |
| 2021 | 429,902 | 4,043 | 1,390,810 |
| 2022 | 516,000 | 4,500 | 1,600,000 |
Financial Performance
For the fiscal year ended December 31, 2022, Avino reported revenues of approximately $14.3 million, an increase compared to $10.9 million in 2021. The company’s total assets were valued at $39.6 million as of December 31, 2022.
| Year | Revenue ($M) | Total Assets ($M) | Net Income ($M) |
|---|---|---|---|
| 2020 | 10.9 | 33.5 | -2.3 |
| 2021 | 14.3 | 39.6 | 1.5 |
| 2022 | 21.4 | 42.8 | 3.1 |
Strategic Initiatives
Avino continues to focus on expanding its resource base through exploration and potential acquisitions. In particular, the company seeks to enhance its mining operations in Mexico, where it believes significant growth potential exists.
Market Position and Valuation
As of October 2023, Avino Silver & Gold Mines Ltd. has a market capitalization of approximately $55 million. The company's shares are traded on the Toronto Stock Exchange under the ticker symbol ASM.
Challenges and Opportunities
The company faces various challenges, including fluctuating metal prices and regulations in the mining sector. However, ongoing exploration efforts and increasing demand for silver and gold may provide significant opportunities for Avino to enhance its production and profitability.
Future Outlook
Avino Silver & Gold Mines Ltd. is aggressively focused on its operational improvements and increasing its output. The company's long-term vision includes sustainable practices and growth in silver production as demand trends upward in the renewable energy and technology sectors.
A Who Owns Avino Silver & Gold Mines Ltd. (ASM)
Shareholder Structure
Shareholder Structure
As of September 2023, Avino Silver & Gold Mines Ltd. (ASM) had a diverse shareholder base comprising institutional investors, retail investors, and company insiders.
| Shareholder Type | Percentage Ownership |
|---|---|
| Institutional Investors | 35% |
| Retail Investors | 50% |
| Insider Ownership | 15% |
Top Institutional Shareholders
The ownership of Avino Silver & Gold Mines Ltd. is significantly influenced by a few key institutional investors who hold substantial stakes.
| Institution | Percentage Owned | Number of Shares |
|---|---|---|
| Harris Associates | 8% | 2,500,000 |
| BlackRock, Inc. | 6% | 1,800,000 |
| Renaissance Technologies LLC | 5% | 1,500,000 |
Insider Ownership Details
Insider ownership plays a crucial role in aligning the interests of management with those of shareholders.
| Name | Position | Percentage Owned | Number of Shares |
|---|---|---|---|
| David Wolfin | CEO | 4% | 1,200,000 |
| Christine A. Morin | Director | 3% | 900,000 |
| Richard A. S. P. M. E. Jones | Chairman | 2% | 600,000 |
Recent Stock Performance
The stock performance of Avino Silver & Gold Mines Ltd. is indicative of market interest and shareholder confidence.
| Metric | Amount |
|---|---|
| Current Share Price (CAD) | $0.80 |
| Market Capitalization (CAD) | $40 million |
| 52-Week High (CAD) | $1.10 |
| 52-Week Low (CAD) | $0.50 |
Recent Developments
Avino Silver & Gold Mines Ltd. has undergone several strategic developments that could influence ownership dynamics.
- Q2 2023 Earnings Report released with a revenue increase of 15% year-over-year.
- Completion of financing round raising CAD $10 million for expansion projects.
- New partnerships in exploration leading to an estimated 20% increase in resource estimates.
Conclusion on Ownership Trends
The ownership landscape of Avino Silver & Gold Mines Ltd. continues to evolve with institutional and retail interest remaining robust. Ongoing strategic decisions will likely impact future ownership structures.
Avino Silver & Gold Mines Ltd. (ASM) Mission Statement
Company Overview
Avino Silver & Gold Mines Ltd. (ASM) operates as a mining company focused on the exploration, extraction, and processing of precious metals. Principal operations are located in Mexico, particularly in the Durango region.
Mission Statement
The mission statement of Avino Silver & Gold Mines Ltd. reflects its commitment to sustainable practices, operational excellence, and value generation for stakeholders. It emphasizes:
- Responsible mining practices
- Commitment to safety and environmental stewardship
- Maximizing shareholder value
- Engagement with local communities
Financial Overview
As of the latest reports, the financial health of Avino Silver & Gold Mines Ltd. is characterized by relevant figures:
| Financial Metric | Amount (in USD) |
|---|---|
| Total Revenue (2022) | $5.2 million |
| Net Income (2022) | $1.1 million |
| Total Assets (as of Q2 2023) | $20.5 million |
| Market Capitalization (as of October 2023) | $120 million |
| Cash and Cash Equivalents (Q2 2023) | $4.5 million |
Operational Highlights
Avino Silver & Gold Mines Ltd. integrates its mission into operations through various strategic initiatives:
- Implementing advanced mining technologies
- Utilizing eco-friendly processing methods
- Engaging with the community through educational programs
- Investing in employee training and safety programs
Production Statistics
The company's production statistics underline its commitment to effective resource management:
| Production Metric | Amount (2022) |
|---|---|
| Silver Production (oz) | 390,000 |
| Gold Production (oz) | 2,100 |
| Cash Cost per Silver Equivalent oz | $15.45 |
| AISC per Silver Equivalent oz | $20.99 |
Community Engagement
Avino Silver & Gold Mines Ltd. prioritizes community involvement as a core aspect of its mission:
- Support for local education initiatives
- Investment in healthcare programs
- Promotion of local employment opportunities
- Transparency in community dealings
Environmental Responsibility
Part of the mission statement includes a strong emphasis on environmental accountability:
- Reduction of greenhouse gas emissions
- Waste reduction initiatives in mining operations
- Rehabilitation of mining sites post-extraction
- Regular sustainability reporting
How Avino Silver & Gold Mines Ltd. (ASM) Works
Overview of Avino Silver & Gold Mines Ltd.
Avino Silver & Gold Mines Ltd. (ASM) is a mining company focused on the development and production of silver and gold. The company operates primarily in the Durango State of Mexico, where it has its flagship property, the Avino Mine.
Mining Operations
The company's mining operations are characterized by:
- Mining Method: Underground mining techniques.
- Ore Processing: Conventional milling and flotation processes.
- Processing Capacity: Approximately 1,000 tons per day.
Financial Performance
As of the most recent fiscal year, Avino Silver & Gold Mines Ltd. reported the following financial metrics:
| Metric | Value (in CAD) |
|---|---|
| Total Revenue | 11,150,000 |
| Net Income | 1,250,000 |
| Operating Income | 2,800,000 |
| Earnings Per Share (EPS) | 0.02 |
| Total Assets | 65,000,000 |
| Total Liabilities | 12,500,000 |
| Cash and Cash Equivalents | 3,500,000 |
Production Statistics
For the year 2022, Avino Silver & Gold Mines Ltd. reported production figures as follows:
| Product | Quantity Produced | Price per Unit (CAD) |
|---|---|---|
| Silver (oz) | 450,000 | 30 |
| Gold (oz) | 3,200 | 1,800 |
| Copper (lbs) | 750,000 | 4 |
Market Capitalization and Stock Performance
As of October 2023, Avino Silver & Gold Mines Ltd. has the following market statistics:
| Metric | Value |
|---|---|
| Market Capitalization | 45,000,000 |
| Stock Price (CAD) | 0.50 |
| 52-Week High (CAD) | 0.75 |
| 52-Week Low (CAD) | 0.40 |
| Volume (average daily) | 150,000 |
Future Prospects
The company is focusing on several key areas for future growth:
- Expansion of existing mining operations.
- Exploration of additional mineral properties.
- Advancements in ore processing technologies.
- Strategic partnerships to enhance market presence.
How Avino Silver & Gold Mines Ltd. (ASM) Makes Money
Revenue Generation from Mining Operations
Revenue Generation from Mining Operations
Avino Silver & Gold Mines Ltd. (ASM) generates its revenue primarily through the extraction and sale of silver, gold, and copper. In 2022, the company reported a total revenue of approximately $14.6 million, with silver accounting for about 71% of the total sales. Gold and copper contributed 25% and 4%, respectively.
Production Metrics
In terms of production, ASM reported the following figures for the year 2022:
| Metal Type | Production (oz) | Average Price per oz ($) | Total Revenue ($) |
|---|---|---|---|
| Silver | 800,000 | 22.30 | 17,840,000 |
| Gold | 3,200 | 1,750 | 5,600,000 |
| Copper | 300,000 | 4.00 | 1,200,000 |
The total revenue from metals produced amounted to $24,640,000.
Cost of Production
The cost of production is a significant consideration in ASM's profit margins. For the fiscal year 2022, the total operating costs were approximately $10 million, which includes:
- Labor Costs: $3.5 million
- Materials Costs: $2.5 million
- Utilities: $2 million
- Administrative Expenses: $2 million
This results in a gross profit of $14,640,000.
Exploration and Development
Avino also invests in exploration and development to enhance future revenues. In 2022, they allocated approximately $3 million towards exploration activities, aiming to increase the resource base. The estimated resource as of the last report includes:
| Resource Type | Measured and Indicated (oz) | Inferred (oz) |
|---|---|---|
| Silver | 15 million | 5 million |
| Gold | 200,000 | 50,000 |
| Copper | 10 million | 3 million |
Market Conditions
The revenue generated by Avino is also influenced by market conditions. Silver prices in 2022 fluctuated between $18 and $26 per ounce, while gold prices ranged from $1,600 to $2,050 per ounce.
Sales Channels
ASM sells its products directly to buyers, including smelters and refiners, ensuring competitive pricing. The diverse sales strategy encompasses both spot market transactions and long-term contracts, which helps stabilize revenue streams.
Financial Health
As of Q3 2023, Avino Silver & Gold Mines Ltd. had a total asset value of approximately $27 million and a current ratio of 2.5, indicating healthy liquidity. The company's debt-to-equity ratio stood at 0.25, reflecting conservative financial management.
Avino Silver & Gold Mines Ltd. (ASM) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support