Q2 2025 Avino Silver & Gold Mines Ltd Earnings Call Transcript
Key Points
- Avino Silver & Gold Mines Ltd (ASM) reported a 47% increase in revenues to $21.8 million, marking the second highest in company history.
- The company achieved a record mill throughput of 190,987 tonnes, a 36% increase from Q2 of the previous year.
- Gold production increased by 17% due to improved tonnes processed and better gold recoveries.
- Avino's cash position improved significantly, with $37.3 million at the end of the quarter, up over $10 million from the previous quarter.
- The company maintained strong production momentum with a 5% increase in silver equivalent production to almost 646,000 ounces.
- Silver production decreased by 3% compared to Q2 2024 due to lower feed grades.
- The company is currently in a lower grade area of the mine, impacting the feed grade for the three metals.
- There is ongoing uncertainty due to tariff discussions affecting currency movements between the USD and Mexican peso.
- The company has not provided specific throughput targets for La Preciosa for the current year, indicating potential uncertainty in ramp-up plans.
- Avino is focusing on organic growth and has not pursued external growth opportunities, which may limit expansion potential.
Welcome to the Avino Silver & Gold Mines second-quarter 2025 financial results conference call and webcast. As a reminder all participants are in listen only-mode and the conference is being recorded (Operator Instructions)
I would now like to turn the conference over to Jennifer North, Head of Investor Relations. Please go ahead.
Thank you, operator. Good morning, everyone, and welcome to the Avino Silver & Gold Mines Limited second quarter financial results conference call and webcast. To join this webcast and call, there is a link in our news release dated July 22, 2025, and in our news release of yesterday's date, which can be found on the website under News 2025. In addition, a link can be found on the homepage of the Avino website.
On the call today, we have the company's President and CEO, David Wolfin; our Chief Financial Officer, Nathan Harte; our Chief Operating Officer, Carlos Rodriguez; and our VP, Technical Services, Peter Latta.
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