Avino Silver & Gold Mines Reports Record Performance in 2024

Avino Silver & Gold Mines Ltd. announced record financial results for the fourth quarter and full year 2024, driven by higher production and metal prices. The company reported revenues of $24.4 million in Q4, up 95% from the previous year, with a gross profit increase of 308%. Cash flow from operations soared over 2,000%, and net income rose by 804% to $5.1 million. For the full year, revenues reached $66.1 million, reflecting a 51% increase, while gross profit doubled.

The company achieved an all-time high cash balance of $27.3 million, enabling future growth plans. Silver equivalent production increased by 32%, supported by improved mill throughput. Operating cost metrics improved, and capital expenditures were $6.6 million. Positive safety and environmental initiatives were also highlighted, positioning Avino for sustained success in 2025.