- 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