Post by
phoenix_trader on Aug 10, 2021 2:26pm
Comparing Gatos to Avino
GATO owns 70% of LGJV which:
"Produced a quarterly record of 2.1 million ounces of silver from the Los Gatos Joint Venture ("LGJV") Cerro Los Gatos ("CLG") mine, as well as record lead and zinc production based on record throughput and recoveries;"
GATO's market cap is $1.1 billion Cdn.
Avino is back in production at the same milling rate as LGJV (2500 dmt) but processing lower grade. ASM's market cap is about a 1/10 of GATO but perhaps on track to produce 3 million ounces of silver compared to GATO's 70% of 8 mill production.
Anyone else think Kaplan's Electrum team might be interested in acquiring ASM.
Makes sense but what do I know!