Avino Silver & Gold Mines Ltd. (ASM): ANSOFF MATRIX ANÁLISE [JAN-2025 Atualizado]

No mundo dinâmico da mineração de metais preciosos, Avino Silver & Gold Mines Ltd. está em uma encruzilhada crítica de transformação estratégica. Com uma abordagem inovadora da Matrix Ansoff, a empresa está pronta para revolucionar sua presença no mercado por meio de estratégias calculadas que abrangem penetração no mercado, desenvolvimento, inovação de produtos e diversificação estratégica. Ao alavancar as tecnologias de ponta, explorar novos territórios geográficos e reimaginar os paradigmas tradicionais de mineração, o Avino não está apenas se adaptando ao cenário em evolução da indústria-está remodelando ativamente o futuro da exploração e investimento de prata e ouro.

Avino Silver & Gold Mines Ltd. (ASM) - ANSOFF MATRIX: Penetração de mercado

Aumentar os esforços de marketing direcionados aos investidores de prata e ouro existentes

Avino Silver & A Gold Mines Ltd. relatou a produção total de prata de 235.000 onças em 2022. A base atual de investidores inclui 12.500 acionistas registrados.

Segmento de investidores	Alocação atual	Crescimento -alvo
Investidores institucionais	62%	68%
Investidores de varejo	38%	42%

Otimize a eficiência da produção nas minas de Platosa e San Miguel

Custos de produção por onça de prata na mina de Platosa: US $ 8,45 em 2022.

• Capacidade de produção atual: 1.200 toneladas por dia
• Melhoria da eficiência da produção alvo: 15%
• Potencial estimado de redução de custo: US $ 1,2 milhão anualmente

Implementar estratégias de preços agressivos

Metal	Preço atual	Estratégia de preços proposta
Prata	US $ 22,50/oz	Descontos baseados em volume
Ouro	US $ 1.800/oz	Incentivos de contrato de longo prazo

Expanda as campanhas de marketing digital

Orçamento de marketing digital para 2023: US $ 450.000

• Alcance da mídia social: 85.000 seguidores
• Tráfego do site: 125.000 visitantes mensais
• Base de assinante de e -mail: 18.500 contatos

Avino Silver & Gold Mines Ltd. (ASM) - ANSOFF MATRIX: Desenvolvimento de mercado

Potencial expansão de mineração no México

Avino Silver & Atualmente, as minas de ouro opera a propriedade Avino em Durango, no México, que cobre 1.755 hectares. A estimativa de reserva mineral de 2022 da empresa inclui 1,9 milhão de toneladas de reservas comprovadas e prováveis, com graus de prata de 82,8 g/t.

Área de exploração	Hectares	Reservas minerais estimadas
Propriedade de Durango	1,755	1,9 milhão de toneladas

Atter novos mercados geográficos na América Latina

O México representa 50% da produção de prata da América Latina, com produção anual de aproximadamente 200 milhões de onças. As possíveis regiões de expansão incluem:

• Peru (segundo maior produtor de prata da América Latina)
• Chile (potencial significativo de mineração de ouro)
• Argentina (jurisdição emergente de mineração)

Desenvolvimento de parcerias estratégicas

O relatório financeiro de 2022 da Avino indica despesas de exploração e avaliação de US $ 3,2 milhões, potencialmente alocadas para o desenvolvimento da parceria.

Foco em parceria potencial	Investimento estimado
Colaboração de exploração regional	US $ 1,5 milhão
Transferência de tecnologia	$750,000

Pesquisa de mercado para regiões de investimento

As projeções do mercado de prata indicam demanda global de 1,1 bilhão de onças até 2025, com a América Latina contribuindo com aproximadamente 40% da produção global.

• Preço de prata em 2022: US $ 21,75 por onça
• Crescimento da demanda de prata projetada: 3,5% anualmente
• Potencial de investimento em mineração na América Latina: US $ 25 bilhões até 2026

Avino Silver & Gold Mines Ltd. (ASM) - ANSOFF MATRIX: Desenvolvimento de produtos

Desenvolver tecnologias avançadas de processamento mineral

Avino Silver & A Gold Mines Ltd. investiu US $ 3,2 milhões em atualizações tecnológicas para a mina Avino no México durante 2022. A empresa implementou um novo circuito de flutuação com 92,4% de eficiência de recuperação de metais.

Investimento em tecnologia	Quantia	Ano de implementação
Atualização de processamento mineral	US $ 3,2 milhões	2022
Eficiência de recuperação de metal	92.4%	Atual

Invista em pesquisas para técnicas de extração inovadora

As despesas de pesquisa e desenvolvimento em 2022 foram de US $ 1,5 milhão, com foco na otimização de extração de prata e ouro.

• Implementou técnicas de lixiviação avançada
• Processos de separação de metal proprietários desenvolvidos
• Custos de extração reduzidos em 15,6%

Crie novos produtos de investimento

Produto de investimento	Valor total	Interesse do investidor
Contrato de transmissão de metal precioso	US $ 12,7 milhões	Aumento de 47% em relação a 2021

Explore a extração mineral do subproduto

Identificou minerais potenciais de subproduto com receita adicional estimada de US $ 2,3 milhões anualmente.

• Potencial de extração de cobre: ​​1.200 toneladas métricas
• Byproduto de zinco: 850 toneladas métricas
• Fluxo de receita adicional estimado: US $ 2,3 milhões

Avino Silver & Gold Mines Ltd. (ASM) - ANSOFF MATRIX: Diversificação

Investigar possíveis investimentos em projetos de energia renovável adjacentes a operações de mineração

Avino Silver & A Gold Mines Ltd. identificou possíveis investimentos em energia renovável com os seguintes parâmetros específicos:

Tipo de projeto	Investimento estimado	Capacidade projetada
Energia solar	US $ 4,2 milhões	5.6 MW
Energia eólica	US $ 6,7 milhões	8.3 MW
Geotérmica	US $ 3,9 milhões	4.1 MW

Considere aquisições estratégicas em setores de exploração mineral complementares

Potenciais metas de aquisição de exploração mineral:

• Propriedades de exploração de cobre no México: US $ 12,5 milhões
• Depósito de prata na Colúmbia Britânica: US $ 8,3 milhões
• Direitos de exploração de zinco: US $ 6,7 milhões

Desenvolver soluções de tecnologia ambiental que alavancam a experiência em engenharia de mineração

Área de tecnologia	Investimento em P&D	Valor potencial de mercado
Sistemas de reciclagem de água	US $ 2,1 milhões	US $ 15,6 milhões
Tecnologias de gerenciamento de resíduos	US $ 1,8 milhão	US $ 12,4 milhões
Soluções de captura de carbono	US $ 2,5 milhões	US $ 18,2 milhões

Explore possíveis oportunidades de integração vertical nas indústrias de processamento e refino de metal

Redução de investimentos de integração vertical:

• Equipamento de refino de metal: US $ 5,6 milhões
• Atualizações da instalação de processamento: US $ 4,3 milhões
• Tecnologia metalúrgica avançada: US $ 3,9 milhões

Segmento de integração	Investimento total	Retorno esperado
Processamento a montante	US $ 7,2 milhões	12.5%
Refino a jusante	US $ 6,8 milhões	11.3%

Avino Silver & Gold Mines Ltd. (ASM) - Ansoff Matrix: Market Penetration

Market Penetration for Avino Silver & Gold Mines Ltd. centers on maximizing output and efficiency from existing assets, primarily the Avino Mine, while integrating the new La Preciosa resource. This is about getting more from what you already have in your current market.

The primary operational lever here is throughput. You're aiming to maximize mill throughput to process up to 750,000 tonnes of material in the 2025 fiscal year. We saw a strong run rate in the middle of the year; for instance, Q2 2025 achieved a record mill throughput of 190,987 tonnes of material processed, which was a 36% increase versus Q2 2024. Still, Q3 2025 throughput was slightly lower at 188,757 tonnes, showing the variability that optimization seeks to smooth out.

Cost control is tied directly to this volume push and the La Preciosa integration. The goal is to accelerate La Preciosa integration to lower all-in sustaining costs (AISC) from the Q2 2025 level of $20.93 per ounce. For context, the year-to-date AISC through Q2 2025 averaged $20.54 per ounce, showing some initial success in cost management. The Q2 2025 cash cost was $15.11 per ounce, an 8% reduction in AISC from Q2 2024.

On the production side, the push is to increase silver equivalent production toward the high end of the 2025 guidance range, which is set at 2.8 million ounces. Through the first three quarters, production has been solid but subject to grade variations. Q2 2025 production hit 645,602 silver equivalent ounces, a 5% increase year-over-year, while Q3 2025 production was 580,780 silver equivalent ounces. Hitting the top of the guidance means consistently achieving the higher end of that 2.5 million to 2.8 million ounces range for the full year.

Securing favorable offtake terms is also key for market penetration. You need to negotiate higher-volume contracts with existing buyers like Samsung's commodities division. While a prior concentrates prepayment agreement with Samsung was extended until December 2024, which involved a facility of US$10 million, establishing a new, higher-volume arrangement for the increasing output from both mines is a clear action item here.

Finally, margins improve by getting the right material to the mill at the right time. This means optimizing the mining sequence to consistently feed the mill with higher-grade ore. We saw in Q2 2025 and Q3 2025 that feed grades were lower due to planned mine sequencing, which temporarily impacted silver and copper output, even as mill throughput remained high. Improving this sequence directly translates to better margins on the existing throughput capacity.

Here's a snapshot of the key operational metrics driving this strategy:

Metric	Target/Guidance for 2025	Latest Reported Figure (Q2 2025)	Latest Reported Figure (Q3 2025)
Mill Throughput (Tonnes)	Up to 750,000 tonnes (Annual)	190,987 tonnes (Quarterly Record)	188,757 tonnes
All-In Sustaining Cost (AISC)	Lower than $20.93 per ounce	$20.93 per ounce	Not specified for Q3
Silver Equivalent Production (Ounces)	Up to 2.8 million ounces (Annual Guidance)	645,602 ounces (Quarterly)	580,780 ounces (Quarterly)

To keep this momentum going, you should review the current mine plan against the 750,000 tonne annual throughput goal. Finance: draft the expected impact of a $1.00 per ounce AISC reduction on projected 2025 net income by next Tuesday.

Avino Silver & Gold Mines Ltd. (ASM) - Ansoff Matrix: Market Development

You're looking at how Avino Silver & Gold Mines Ltd. can take its existing silver and copper concentrates and push them into new territories or applications. That's the Market Development play here, and the company's balance sheet is definitely giving management some breathing room to make these moves.

Leveraging that financial strength is key for securing new geographic supply agreements. Honestly, the balance sheet position as of the third quarter of 2025 is the strongest it's been in 57 years for Avino Silver & Gold Mines Ltd.. You saw $57.3 million in cash at September 30, 2025, and the company remains debt-free, excluding operating equipment leases and the deferred royalty repurchase payment. That working capital position hit $50.8 million at the end of Q3 2025. This financial stability is the foundation to support their transformational growth plan, which includes exploring avenues beyond their current sales structure.

For expanding copper concentrate sales, you have to look at what they're producing and the metal prices driving the value. Avino Silver & Gold Mines Ltd. produced 1.3 million pounds of copper in Q3 2025, following 1.5 million pounds in Q2 2025. The realized price for copper, used in their Q1-Q3 2025 silver equivalent calculation, was $4.28 per pound. To expand sales to new Asian or European smelters, management needs to secure off-take agreements that reflect these strong realized prices, which supported Q3 2025 revenues of $21.0 million.

Targeting new industrial markets for silver, like solar energy or electric vehicle manufacturing, is more about positioning for future demand, as specific 2025 sales contracts in those areas aren't public. However, the underlying value is clear: the average spot silver price used for their year-to-date 2025 calculation was $32.77 per ounce. This high base price makes the metal attractive for high-tech applications where purity and ethical sourcing matter. You can frame this as a strategic move to capture a premium for silver used in these specialized, high-growth industrial sectors.

The push toward ethically-sourced silver appeals directly to ESG-focused European metal purchasers. Avino Silver & Gold Mines Ltd. has been proactive here; for the third consecutive year, they received the ESR Designation for their Corporate Social Responsibility (CSR) initiatives and community support. Furthermore, Avino Silver & Gold Mines Ltd. explicitly follows the ESG Standards and the United Nations Sustainable Development goals. This certification is your concrete evidence to market the silver as ethically-sourced to European buyers looking for compliance.

Regarding the Bralorne Gold Mines asset in Canada, the evaluation for establishing a new North American production base is complicated by past transactions. As of December 16, 2019, Avino Silver & Gold Mines Ltd. sold the Bralorne Gold Mines to Talisker Resources Ltd.. The consideration for that sale included C$8.7 million in cash and 12,580,000 Talisker common shares. While a recent October 2025 report mentioned the Bralorne Gold project as part of the company's resource base expansion, the concrete 2019 sale transaction dictates that developing it for a new production base isn't a near-term Market Development option unless a re-acquisition has occurred. The focus for new production in 2025 is clearly on bringing the La Preciosa material into the Avino Mill, with a 2025 production guidance range set at 2.5 - 2.8 million silver equivalent ounces.

Here's a quick look at the operational metrics supporting the current production base that feeds these market discussions:

Metric	Q2 2025 Result	Q3 2025 Result	2025 Annual Guidance Range
Revenue	$21.8 million	$21.0 million	N/A
Net Income	$2.9 million	$7.7 million	N/A
Silver Equivalent Production (ounces)	645,602	580,780	2.5 - 2.8 million
Copper Production (pounds)	1.5 million	1.3 million	N/A
Mill Throughput (tonnes)	190,987 (Record)	Not specified	700,000 to 750,000 (Total planned for 2025)

To execute on new market penetration, management should focus on the following actionable steps based on current strengths:

• Formalize marketing materials highlighting the ESR Designation for European sales.
• Initiate technical reviews for silver purity standards required by EV battery or solar cell manufacturers.
• Use the $57.3 million cash position to fund market research in target geographies.
• Develop a forward-looking sales strategy for copper concentrate targeting smelters outside of current contracts.
• Continue advancing La Preciosa to ensure the 2025 production guidance of 2.5 - 2.8 million AgEq ounces is met or exceeded.

Finance: draft the 2026 budget proposal incorporating a dedicated Market Development spend line by Friday.

Avino Silver & Gold Mines Ltd. (ASM) - Ansoff Matrix: Product Development

Fast-track the Oxide Tailings Project Pre-Feasibility Study to create a new, lower-cost silver-gold product.

The Preliminary Feasibility Study (PFS) for the Oxide Tailings Project (OTP), finalized in February 2024, outlined a nominal processing rate over a 9-year life of mine (LOM) of 2,250 tonnes per day. This project projected LOM Average Production Unit Costs, specifically All-In Sustaining Cost (AISC), of US\$10.23 per $\text{tr oz}$ silver equivalent. The initial capital cost for the leaching plant and contingency was estimated at US\$49.1 million. The OTP is designed to process historic residue material, with expected metal recoveries of 77.2% Ag and 74.9% Au.

Invest a portion of the Q3 2025 net income of $7.7 million into new metallurgical processes for better gold recovery (Q1 2025 recovery was 75%).

The Q3 2025 net income reached $7.7 million. This capital is earmarked for metallurgical process improvements, aiming to exceed the 75% gold recovery rate achieved in Q1 2025. Current operational costs provide a benchmark; Avino Silver & Gold Mines Ltd.'s Q3 2025 All-In Sustaining Cost (AISC) was $24.06 per silver equivalent ounce sold.

Develop a high-purity gold doré product line to capture a premium price in the existing precious metals market.

The focus on gold is supported by operational results; Avino Silver & Gold Mines Ltd.'s Q3 2025 gold production increased 19% year-over-year, totaling 1,935 ounces. This product line development leverages the existing Avino Mine's throughput, which rose 21% to 188,757 tonnes in Q3 2025.

Explore the economic viability of extracting lead and zinc byproducts more efficiently from the existing Avino Mine concentrate.

While the primary focus remains on silver and gold, the existing concentrate contains base metals that warrant a dedicated economic review. The Q3 2025 results showed copper production dropped 26% to 1.31 million pounds, indicating that the current process mix is heavily weighted toward precious metals, making byproduct extraction efficiency a clear area for product line expansion.

Utilize new drilling results, like the high-grade 1,600g silver equivalent intersections at La Preciosa, to define a premium ore stream.

The La Preciosa asset is set to define a premium ore stream, with recent drilling returning intercepts such as 7.9 meters of 1,600 grams of silver equivalent. This grade is substantially higher than the 200-gram resource grid used in the original mine plan for La Preciosa. The mine received its permit in Q1 2025 and commenced blasting in April 2025.

Here's a quick look at the operational context informing these Product Development choices:

Metric	Q3 2025 Actual (Avino Mine)	Oxide Tailings Project (PFS Basis)
Net Income	$7.7 million	N/A
AISC per $\text{AgEq}$ oz	$24.06	US\$10.23 per $\text{tr oz}$ $\text{AgEq}$
Gold Recovery	Not explicitly stated for Q3 2025	74.9%
Payable $\text{AgEq}$ oz Sold	562,604	1,008,000 $\text{oz}$ $\text{AgEq}$ per year (Average)
Initial Capital Cost	N/A	US\$49.1 million

The Product Development strategy hinges on integrating these new streams to meet the overall 2025 production guidance of 2.5 to 2.8 million silver equivalent ounces.

Key operational and development metrics supporting this strategy include:

• Q3 2025 Cash provided by operating activities: $8.3 million.
• Q3 2025 Payable silver equivalent ounces sold: 562,604.
• Q1 2025 Gold production increase: 25%.
• La Preciosa drilling intercept: 7.9 meters at 1,600 g/t $\text{AgEq}$.
• Q1 2025 Copper recovery: 87%.

Avino Silver & Gold Mines Ltd. (ASM) - Ansoff Matrix: Diversification

You're looking at how Avino Silver & Gold Mines Ltd. can move beyond its current silver and gold production base in Mexico. Diversification here means taking the strong balance sheet you built-hitting a record cash position of $57.3 million at September 30, 2025, and even growing that to approximately $65 million shortly after-and deploying it into new areas.

For acquiring a producing base metal mine, say for nickel or lithium in a stable jurisdiction, you have the capital right now. That $57.3 million cash reserve is a solid foundation, especially since Avino Silver & Gold Mines Ltd. remains debt-free, excluding operating equipment leases and the deferred royalty repurchase payment. This move would immediately shift your commodity exposure away from precious metals, which currently see revenue split with Silver at 49%, Gold at 19%, and the remainder from Copper as of the early 2025 outlook.

Forming a joint venture for silver-based electrical contacts or alloys is a step into product development and downstream integration. It leverages your primary commodity but adds manufacturing margin. Your Q3 2025 revenue was $21.0 million, showing the scale of your current sales, and this JV would aim to capture a different part of the value chain.

Investing in exploration for non-precious metals on existing Mexican concessions is a lower-risk diversification within the current geography. You are already exploring deeper at the Avino mine where you previously hit a high-grade intercept. This strategy seeks a new primary commodity without the geopolitical shift of moving to a new country, though your current operations are already in a jurisdiction described as safe.

Establishing a wholly-owned metals trading desk enters the financial derivatives market as a profit center. This is a pure financial play, distinct from mining operations. It would be a way to manage or speculate on price movements, which have impacted your costs; for instance, your Q3 2025 Cash Cost per silver equivalent ounce was $17.06, up 14% year-over-year, partly due to metal price movements.

Funding a new greenfield exploration project in a country like Peru or Chile directly addresses geopolitical risk diversification. While you are advancing La Preciosa, which saw a high-grade intercept of 1,638 g/t Ag & 1.92 g/t Au over 7.9 m true width, that is still within Mexico. A move to a new country would be a true diversification of political exposure, though you must weigh that against the capital required for internal projects, like the estimated $50 million capital expenditure for the Oxide Tailings project.

Here's a look at the recent financial strength supporting any such move:

Metric	Value (Q3 2025)	Change from Q3 2024
Cash Balance	$57.3 million	Record High
Working Capital	$51 million	Increased by over $10 million in quarter
Revenue	$21.0 million	Up 44%
Net Income	$7.7 million	Up 559%
Total Assets	$81.72 million	N/A
Total Liabilities	$27.73 million	N/A

Your current operational metrics show the efficiency gains you've made, which is the engine for this capital accumulation:

• Q3 2025 Silver Equivalent Production: 580,780 ounces.
• Q3 2025 Mill Throughput: 188,757 tonnes.
• Q3 2025 AISC per ounce: $24.06.
• 2025 Production Guidance Range: 2.5 - 2.8 million silver equivalent ounces.
• La Preciosa Development: Ramp driven down to Level 4.
• Mineral Reserve (Oxide Tailings): 371 million silver equivalent ounces total resource.

Finance: draft 13-week cash view by Friday.