Record-Breaking Financial Performance
Avino Silver & Gold Mines achieved $18.8 million in revenues, a 52% increase from Q1 of the previous year, and reported a record gross profit of $10.6 million with a margin of 56%.
Strong Production Growth
Silver equivalent production increased by 8% compared to Q1 2024, with gold production up 25% and copper production up 19%.
Significant Cost Improvements
Cash cost per silver equivalent ounce was $12.62, the lowest since 2022, representing a 15% improvement from Q1 2024.
Progress at La Preciosa
Development at La Preciosa progressed well with underground development commenced and significant operational advancements.
Strong Balance Sheet
Avino maintained a strong cash position of $26.6 million and achieved record-high working capital of over $31 million.