Avino Silver & Gold Mines Ltd. announced on August 25, 2025, that it has acquired 100% ownership of its La Preciosa project in Mexico. This was achieved by purchasing and extinguishing all outstanding royalty and contingent payment obligations from Deterra Royalties Limited.
This strategic acquisition is expected to significantly lower the operating cost profile of the La Preciosa project. It will also streamline future development efforts, enhancing the project's overall economic viability.
The full ownership of La Preciosa is a key step in Avino's organic growth strategy, which targets a substantial increase in silver equivalent production to 8-10 million ounces by 2029. This move provides greater control over a critical asset.
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