Stock Value
About Avino Silver & Gold Mines
Avino Silver & Gold Mines Ltd. engages in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties.
The company operates the Avino Mine which produces copper, silver and gold at the historic Avino property in the state of Durango, Mexico. The company continues to produce from the Avino Mine. Also in Durango, the company also holds 100% interest in Proyectos Mineros La Preciosa S.A. de C.V. (La Preciosa), a Mexican corporation which owns the La Preciosa property in Durango, Mexico (the La Preciosa Property), located approximately 20 kms southwest of the Avino Property. The Avino Property and La Preciosa Property are referred to collectively herein as the Property.
Avino's remaining Mexican properties, as well as its Canadian properties, are all in the exploration stage. The company is focusing on extracting and processing resources at the Avino Mine and continuing to advance the La Preciosa Property. The company's three other Canadian properties are not deemed to be material and are subject to care and maintenance for further exploration and evaluation, if any.
On May 2, 2022, the company announced that in with its strategic plans to become an intermediate producer in Mexico, the company has granted Endurance Gold Corporation (Endurancec) the right to acquire an option to earn 100% ownership of the former Minto Gold Mine, Olympic and Kelvin gold prospects contained within a parcel of crown grants and mineral claims (the Olympic Claims). The Olympic Claims are owned by Avino and are located on the north and south shores of BC Hydro's Carpenter Lake Reservoir in the Bridge River Valley, east of the Royal Shear trend.
The company produces copper concentrates containing silver, gold and copper. The company operates the 100% owned Avino Mine on the Avino Property located near in the state of Durango, Mexico.
The Avino Mine produces a copper concentrate containing copper, silver and gold. Ore mined at the Avino Mine is milled on the Avino Property.
Properties
The Property is located in the state of Durango, Mexico, within the municipalities of Pánuco de Coronado and Canatlán. The Property is situated on the eastern flank of the Sierra Madre Occidental Mountain range.
The property consists of two parts: The historic Avino Mine area concessions, which contain the Elena Tolosa and San Gonzalo mine workings, processing infrastructure, and associated vein systems; and the newly acquired (March 21, 2022) La Preciosa Mining concessions, which contain the La Preciosa Veins.
Avino Property Area
The Avino Property comprises 26 mineral concessions, totalling 1,301.4314 ha (hectare).
La Preciosa Property Area
The La Preciosa Property consists of 15 Mining Concessions that amount to 6,641.5809 ha. Proyectos Mineros La Preciosa, S.A. de C.V. (PMLP) holds 100% of the registered, legal, and beneficial interest in and to these Mining Concessions.
History
The company was founded in 1968. It was incorporated by Memorandum of Association under the laws of the province of British Columbia in 1968. The company was formerly known as Avino Mines & Resources Limited and changed its name to International Avino Mines Ltd. in 1995. Further, the company changed its name to Avino Silver & Gold Mines Ltd. in 1997.
