Avino Silver & Gold Mines Ltd. announced robust financial results for the second quarter of 2025, generating $21.8 million in revenues. This represents a 47% increase from Q2 2024 and marks the company's second-highest quarterly revenue in its history.
The company achieved strong gross profit margins of 45% (52% on a cash basis) in Q2 2025, a significant improvement from 32% in Q2 2024. Operational efficiency also improved, with cash cost per silver equivalent ounce at $15.11, down 7% from Q2 2024, and all-in sustaining cash cost just under $21 per silver equivalent sold, an 8% decrease from Q2 2024.
Cash cost per tonne processed in Q2 2025 decreased by 24% to $52.61 compared to Q2 2024, primarily due to increased mill availability and higher throughput. Avino also generated robust free cash flow of $4.4 million in Q2 2025, with $6.5 million from the Avino operation on a stand-alone basis.
These strong financial and operational metrics underscore Avino's ability to enhance profitability and manage costs effectively. The results provide a solid foundation for the company's ongoing growth initiatives and long-term production targets.
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