ASM - Avino Silver sets 2023 capex production targets

Avino Silver & Gold Mines ( NYSE: ASM ) said Tuesday it plans to raise its FY 2023 total capital budget to $9.5M-$12M, with its largest line item of consolidated growth capital forecast at $5.5M-$6.5M.

Avino Silver ( ASM ) said budgeted growth capital for the year includes expenditures at its three assets in Durango, Mexico, which it said will feature prominently in its five-year growth plan.

The company said its 2022 internal estimate for production was 2.2M-2.4M silver equivalent oz with capex expected at $7M-$9M, excluding the La Preciosa acquisition.

For 2023, the company expects to produce 2.8M-3.2M silver equivalent oz from milling a planned 700K-750K metric tons of ore.

Avino Silver's ( ASM ) most significant recent news is the company's outlook to potentially more than triple production by 2028, Taylor Dart writes in an analysis posted recently on Seeking Alpha .

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