Avino Silver & Gold (TSE:ASM) has released an update.
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Avino Silver & Gold Mines Ltd. reported robust financial results for Q1 2024, with $12.4 million in revenues and a notable net income of $0.6 million. The company has successfully improved its unit costs and margins, resulting in a 92% increase in working capital since Q1 2023 and a 29% increase in cash position since year-end. Optimism surrounds the company’s future, particularly with the development of La Preciosa, which is expected to significantly add to Avino’s silver equivalent ounce portfolio.
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