Avino Silver Gold Mines Reports Strong Q2 2024 Results

Revenue Soars 60%, Silver Production Up 26%

Financial Highlights

VANCOUVER, British Columbia, Aug. 14, 2024 /PRNewswire/ -- Avino Silver & Gold Mines Ltd. (ASM: TSX, NYSE AMERICAN) today announced its financial and operating results for the second quarter ended June 30, 2024.

The company reported revenue of $148 million, a significant increase of 60% compared to the same period last year. Avino attributed the surge in revenue to higher metal prices and increased production.

Operational Highlights

Avino's silver equivalent production increased by 5% to 2.5 million ounces in Q2 2024, primarily driven by a 26% increase in silver production to 1.6 million ounces.

Outlook

Avino expects continued strong performance in the second half of 2024, with ongoing mine development and exploration programs. The company remains committed to sustainable growth and shareholder value creation.

Earnings Call

Avino will host an earnings conference call on August 14, 2024, at 11:00 AM Eastern Time to discuss its Q2 2024 results in more detail.