Perspective for the long-time AVR shareholders Through most of 2011, AVR traded above $2 and had north of 400 million shares outstanding giving it a market cap of $800-900 million. Production that year was 91k oz and the company was projecting 140-150k in 2012.
Here we are in 2012, now a part of Endeavor, a better managed company with 300k oz of production, lower costs, and a better growth profile. The market cap? $600 million.