Avino Silver & Gold Launches Underground Development at La Preciosa

Avino Silver & Gold Mines Ltd. has initiated underground development at its La Preciosa site in Mexico. This follows the acquisition of necessary permits for mining operations. President and CEO David Wolfin highlighted the significance of this achievement, emphasizing the dedication of the Avino team and the collaboration with regulators and community leaders.

Avino has completed key infrastructure and is developing a 350-metre mine access, targeting high-grade veins. This aligns with the company's strategic plan to harness higher silver grades than its current operations offer. Local economic growth is anticipated from this development, alongside job creation in the community.

The initial phase of development is set to be under $5 million, funded through Avino's cash reserves, indicating strong financial health. The company closed 2024 with approximately $26 million in cash and remains debt-free, apart from operational equipment leases.