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Avino Silver & Gold Mines Ltd T.ASM

Alternate Symbol(s):  ASM

Avino Silver & Gold Mines Ltd. is a Canada-based mining and exploration company. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. It operates the Avino Mine, which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino Property covers approximately 1,104 contiguous hectares and is located approximately 80 km north-east of the city of Durango. The Company's mineral claims in Mexico are divided into four groups: Avino mine area property, Gomez Palacio/Ana Maria property, Santiago Papasquiaro property and Unification La Platosa properties. The Company’s La Preciosa consists of over 15 exploration concessions totaling 6,011 hectares located in Durango, Mexico, within the municipalities of Panuco de Coronado and Canatlan. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada.


TSX:ASM - Post by User

Post by DouglasFir2on Aug 13, 2023 10:02am
403 Views
Post# 35585895

Highly undervalued

Highly undervaluedDurrett is pretty keen on Avino.  See his report dated May 2023. And the company presentation. With an existing mine and cash flow with the La Preciosa project Avino has 350m + oz AGEQ with a market cap  of $100m. The Directors seem to think so too. Significantly the cost per oz is forecast to decline. There are the ususal caveats, risk, lead times etc. Not for the faint hearted. Only place what you can afford to lose. Imo the downside from the current sp is low
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