SIL - Avino Silver & Gold: Set Up For A Strong FY2022

• Avino Silver & Gold released its Q1 results in mid-May, reporting a sharp decrease in revenue given that no mining activities were completed on site in Q1.
• Unfortunately, as of the Q1 conference call, operations were still on care & maintenance, suggesting that it's unlikely we'll see any milling activities for the first seven months of 2021.
• The good news is that the company completed a very well-timed raise in Q1 during the silver spike, placing the company in its best financial position in its history.
• Given the improved financial outlook and a strong likelihood of returning to normal operations before Q4, the stock looks reasonably valued at current levels.

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