AVINO Silver & Gold Mines Ltd (ASM) is a Canadian-based mining company with over fifty years of experience in the extraction of precious metals from its mining sites in Mexico. The company was incorporated in 1968 and went public in 1971. It holds 42 mineral claims and leases 4 properties spread across 1,104 hectares in the state of Durango and Sinaloa.
Their primary activities involve the exploration, mining, and processing of silver, gold, and copper. Their main operations take place at the Avino property, from where the company derives its name. Given the volatile nature of the commodities market, ASM underscores the importance of environmentally responsible mining practices and community engagement as part of their broader business strategy. They employ innovative and eco-friendly technologies and adhere strictly to environmental laws, regulations and standards to minimize adverse impacts.
The Avino mine, situated in Durango, has been the backbone of the company's operations. Genuinely a historic site, Avino's rich vein of precious metals was first discovered in the late 1500s and the site has been producing since. ASM has shown the capacity for large-scale precious metal extraction, with an impressive 2019/2020 output of over two million ounces of silver equivalent.
One of the standout characteristics of Avino Silver & Gold Mines Ltd is their commitment to the broader social and economic sustainability of their local operational areas. They prioritize the hiring of local workers and invest in community development programs. The company also aligns its operation with the United Nations Sustainable Development Goals, ensuring their practices are socially responsible and sustainable.
Even though the global economic instability has affected the mining industry, ASM has demonstrated a resilient business model with a diverse portfolio of properties. The company has embraced challenges and utilized its commitment to innovation, resilience, and environmental responsibility, with a clear motto of 'Silver & Gold in Mexico,' to remain successful. Their leadership under the guidance of CEO David Wolfin, who has been with the company since 1990, has strategically navigated through economic uncertainties ensuring consistent performance.
Investors interested in the precious metal sector may also be attracted to ASM due to its long operating history, making it a relatively safer investment. Providing a unique blend of historical richness with modern day environmental and social thinking, Avino Silver & Gold Mines Ltd continues to carve a niche within the global mining industry.