Avino Silver Gld Stock Price, News & Analysis

Avino Silver & Gold Mines Ltd. (TSX: ASM) has announced promising drill results from its La Potosina area, located near the San Gonzalo Mine. The 2021 drill program totaled 2,400 meters, revealing high-grade mineralization similar to San Gonzalo. Key findings include Hole LP-21-06, which returned 4.40 meters at 270 g/t Ag and 463 g/t AgEq. The company has plans for 6,000 meters of drilling in 2022, focusing on high-grade targets that could enhance mill feed. The La Potosina Vein demonstrates considerable promise for future exploration.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced its 2022 outlook and highlighted achievements from 2021. Successful Q4 2021 production exceeded expectations, contributing to a projected silver equivalent output of 2.2M to 2.6M ounces in 2022. The company is focusing on growth capital expenditures of $6.5M to $8.5M, including the completion of a dry stack tailings facility. Additionally, Avino plans to drill 15,000 metres to explore new resource areas. The acquisition of La Preciosa property, expected to close in Q1 2022, aims to transform production potential.

Avino Silver & Gold Mines Ltd. (TSX: ASM) reported strong fourth quarter and full year 2021 production results from its Avino Mine in Durango, Mexico. Key highlights include a 101% increase in silver equivalent production to 541,432 oz and a 139% rise in silver production to 163,933 oz compared to Q3 2021. Underground operations saw a 56% increase in haulage, while silver feed grades improved by 11%. The company continues to focus on expanding operations and enhancing local workforce training, with plans for an acquisition of La Preciosa.

Avino Silver & Gold Mines Ltd. (ASM) has reported encouraging results from Phase 2 of its 2021 drilling campaign, completing over 15,500 metres of drilling. Significant mineralization was found in the Brecha de Bajo and newly discovered Bart veins, indicating promising prospects near existing underground workings. High gold and silver grades were also reported in the Nuestra Señora and La Malinche veins. The company plans further exploration to solidify its resource bases as it continues to operate in Durango, Mexico.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced a new mineral resource estimate for the La Preciosa project, showing 113 million ounces of indicated silver equivalent resources and 24 million ounces of inferred resources, using a cutoff grade of 120 AgEq g/t. The company aims to acquire La Preciosa, enhancing its inventory to over 235 million silver equivalent ounces post-transaction. The acquisition, valued at US$20 million, requires regulatory approval, expected by Q1 2022. The deal promises to solidify Avino's position in the Mexican silver market and drive growth.

Avino Silver & Gold Mines Ltd. (ASM) reported its Q3 2021 financial results, highlighting $1.9 million in revenues with a month of sales post-restart. The company resumed mining operations on August 3, 2021, and ramped production towards previous levels. With a cash balance of $22.3 million and working capital of $28.9 million, ASM is now debt-free after repaying a $10 million term facility. The strategic acquisition of the La Preciosa silver project for $29.7 million positions the company for future growth, alongside ongoing exploration efforts.

Avino Silver & Gold Mines Ltd. (TSX: ASM) plans to release its Third Quarter 2021 financial results on November 9, 2021, after market close. A conference call and webcast will follow on November 10, 2021, at 8:00 a.m. PST (11:00 a.m. EST). Shareholders, analysts, and investors can join the call and participate in the Q&A session. Avino is focused on creating shareholder value through organic growth and strategic acquisitions in the mining sector, particularly from its wholly owned Avino Mine in Durango, Mexico.

Coeur Mining, Inc. (CDE) reported Q3 2021 revenue of $208.0 million, contrasted with $214.9 million from the prior quarter. The company faced a net loss of $54.8 million or $0.21 per share, influenced by a $26.0 million write-down related to VAT refunds and $35.7 million in losses on equity investments. Gold and silver production reached 87,083 ounces and 2.5 million ounces, respectively. The company reaffirmed full-year production guidance and highlighted exploration investments of approximately $20.0 million.

Avino Silver & Gold Mines Ltd. (TSX: ASM) announced a share purchase agreement to acquire the La Preciosa Property from Coeur Mining, Inc. for US$20 million. This acquisition is strategically significant as La Preciosa is located near Avino's existing Durango operations and contains one of the largest undeveloped silver resources in Mexico. The deal enhances Avino's mineral resources to over 235 million silver equivalent ounces and is expected to reduce development costs and timelines while improving production capabilities.