Avino Silver & Gold Ends 2023 with Solid Earnings

Avino Silver & Gold (TSE:ASM) has released an update.

Avino Silver & Gold Mines Ltd. reports a strong financial year with $43.9 million in revenues and a net income of $0.5 million for 2023, signaling cost-effective management with lowered operating expenses. Highlighting a successful fourth quarter, the miner demonstrates positive EBITDA and net income, along with an improved working capital of $9.7 million. Despite inflation and currency challenges, Avino is optimistic about future growth, particularly with the development of their La Preciosa property, which boasts a significant silver resource in Mexico.

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