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home / news releases / ASM - Avino Silver & Gold: Outlook Improves After Recent Capital Raise

ASM - Avino Silver & Gold: Outlook Improves After Recent Capital Raise

Avino Silver & Gold Mines Ltd.
  • Avino Silver & Gold had a tough year in FY2020 with a government-mandated shutdown due to COVID-19 and a strike that weighed on revenue and sales in Q3 and Q4.
  • Unfortunately, while the strike was resolved in October, the company has not yet returned to full production due to having to wait for government offices to reopen.
  • The good news is that the company has a strong cash position and has a busy exploration season ahead while investors wait for production to restart.
  • While I believe there are better opportunities in the precious metals sector, Avino is reasonably valued, trading at below $2.00 per ounce of silver-equivalent resources.

For further details see:

Avino Silver & Gold: Outlook Improves After Recent Capital Raise
Stock Information
Company Name: Avino Silver & Gold Mines Ltd.
Stock Symbol: ASM
Market: NYSE
Website: avino.com
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