# Avino Silver & Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. is an Asset Manager based in Vancouver, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vancouver, Canada
- **Region:** North America
- **Address:** Vancouver, BC, Canada
- **Founded:** 1968
- **Assets under management:** Undisclosed
- **Website:** avino.com

## Regulatory record

- **Reports private funds:** No

## About

Avino Silver & Gold Mines Ltd. was founded in 1968 and spent its early decades as an exploration-stage company, acquiring and advancing precious-metal properties in British Columbia and later Mexico. President and CEO David Wolfin assumed leadership in 1994, and under his tenure the firm shifted from exploration to production by bringing the historic Avino Mine in Durango back into commercial operation. The company is publicly traded on the NYSE American and Toronto Stock Exchange. Avino's strategy centers on a hub-and-spoke model around its fully permitted 1,000-tonne-per-day processing mill near Durango, Mexico. The flagship Avino Mine produces silver, gold, and copper from a series of open-pit and underground sources, including the main Avino vein system and the lower-grade oxide tailings resource. Beyond the core mine, the company holds the La Preciosa project — a silver-gold development asset acquired from Coeur Mining in a 2022 transaction — and the Oxide Tailings project, which processes legacy material. Key revenue streams include doré bars, concentrates shipped to smelters, and direct metal sales. The firm's corporate office is in Vancouver, with an operational base in Durango where it employed approximately 350 people as of its most recent public disclosures. In November 2022, Avino completed the acquisition of the La Preciosa silver-gold property in Durango from Coeur Mining for total consideration of up to US$45 million, adding a significant development asset to its portfolio. The company is also associated with the Bralorne Gold Mines subsidiary, which holds historic assets in British Columbia, though these remain non-core. Avino's structural differentiator is its ownership of a permitted, operating mill that allows it to act as a consolidator in a fractured Mexican precious-metals district. Rather than relying solely on a single deposit, it can process third-party ore and evaluate satellite deposits for feed, which reduces the binary risk typical of junior miners. The firm maintains a royalty on the La Preciosa property paid to Coeur Mining, aligning incentives while preserving capital for development and exploration.

## Sectors

- Metals & Mining
- Precious Metals

## Offices

- Durango, Mexico

## People

- David Wolfin — President and CEO
- Nathan Harte — Chief Financial Officer

## Questions

### Who runs investment decisions at Avino Silver & Gold Mines?

President and CEO David Wolfin has led Avino since 1994 and is the central figure in strategic and capital-allocation decisions. The board of directors, which includes members with geological and financial expertise, approves major investments such as the 2022 La Preciosa acquisition from Coeur Mining. Day-to-day operational and project-development decisions are managed by a technical team based in Durango, Mexico.

### What is Avino's core business model compared to a typical junior mining equity?

Avino operates as a mid-tier producer rather than a pure exploration equity, generating revenue from the sale of silver, gold, and copper. The company owns a permitted 1,000-tonne-per-day mill in Durango, which provides the flexibility to process its own ore and evaluate third-party feed. This infrastructure separates it from pre-revenue explorers that rely solely on drilling results and equity financing.

### Is Avino primarily a silver play, or are other metals material to revenue?

While silver is the namesake and primary volume driver, Avino's revenue stream also includes meaningful gold and copper production from the Avino Mine in Durango. The company sells mineral concentrates containing all three metals to smelters, and the relative contribution of each fluctuates with ore grades and commodity prices. This polymetallic mix provides some natural diversification against single-metal price cycles.

### What is the La Preciosa acquisition, and how does it change Avino's asset base?

In November 2022, Avino completed the acquisition of the La Preciosa silver-gold project in Durango from Coeur Mining for total consideration of up to US$45 million, including deferred payments and a royalty. The project adds a historic, partially developed resource with existing underground workings roughly 20 kilometers from Avino's mill. Avino has stated it intends to advance La Preciosa toward a production decision, using its existing infrastructure to accelerate development.

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Last updated: 2026-06-03T20:00:00.000Z

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