Avino Silver & Gold Mines remains a Buy, supported by a fortress balance sheet and compelling medium-term organic growth potential. ASM is advancing a major production ramp-up, targeting a tripling of output by 2029, with silver exposure rising from 49% to 67%. Financial strength is underscored by $138.65 million in cash, more than triple the total liabilities, enabling flexible capital deployment for growth.
In the most recent trading session, Avino Silver (ASM) closed at $6.54, indicating a -4.25% shift from the previous trading day.
ASMIY rides AI-driven chip spending with ALD leadership and growth in memory, packaging and services.
| Metals & Mining Industry | Materials Sector | David Wolfin CEO | XSTU Exchange | CA0539061030 ISIN |
| CA Country | 350 Employees | - Last Dividend | 26 Sep 1995 Last Split | - IPO Date |
Avino Silver & Gold Mines Ltd. operates as a mining company with a focus on the acquisition, exploration, and development of mineral properties in Canada. Incorporated in 1968, the company has dedicated its efforts to discover and capitalize on silver, gold, and copper deposits. Avino Silver & Gold Mines Ltd. maintains its headquarters in Vancouver, Canada, anchoring its operations and strategic initiatives from a city well-known for its thriving mining industry. Over the years, the company has expanded its portfolio to include a variety of mineral claims and leased mineral claims across various significant locations, demonstrating a commitment to growth and exploration in the field of precious and base metals.
At the forefront of its operations, Avino Silver & Gold Mines Ltd. concentrates on identifying and developing valuable deposits of silver, gold, and copper. The company employs a combination of advanced geological exploration techniques and strategic site management to efficiently explore, extract, and process these precious and base metals. Through diligent exploration and development activities, Avino aims to increase its mineral reserves and production levels, contributing to the global supply of these critical resources.
The company boasts ownership interests in 42 mineral claims and four leased mineral claims, highlightingly including: - The Avino mine area property, featuring exploration and exploitation concessions across a broad hectare range in Mexico. This property stands as a testament to Avino’s capacity for large-scale mineral extraction and processing operations. - The Gomez Palacio and Unification La Platosa properties in the state of Durango, Mexico, emphasizing the company's strategic expansion and exploration within the country. - In Canada, 100% interests in the Minto and Olympic-Kelvin properties in British Columbia, and 14 quartz leases in the Eagle property in the Mayo Mining Division of Yukon, showcase Avino’s diversification and presence within Canadian mining territories.