Avino Silver & Gold Mines (TSX:ASM) Is Up 19.3% After High-Grade La Preciosa Drill Results and Equity Program Expansion – What's Changed

• Avino Silver & Gold Mines recently reported encouraging drill results at its La Preciosa deposit, exceeding grade expectations with high-grade silver and gold vein intersections, and also renewed its at-the-market equity program enabling up to US$60 million in share issuances in the United States.
• This dual development not only supports Avino’s efforts to unlock further value from ongoing exploration, but also provides increased financial flexibility for operations and expansion.
• We’ll examine how the high-grade discoveries at La Preciosa may reshape Avino’s investment case and operational outlook moving forward.

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Avino Silver & Gold Mines Investment Narrative Recap

Being a shareholder in Avino Silver & Gold Mines means aligning with the vision that long-term value can be realized through ongoing resource development and successful expansion at flagship projects like La Preciosa. The latest drill results highlighting high-grade silver and gold intersections may accelerate near-term development, supporting a key catalyst: advancing the transition to a multi-asset operation. However, the main risk, sustained operational and cost improvements, remains unchanged and is not directly affected by these drill results.

Among recent announcements, the renewal of Avino’s at-the-market equity program, allowing up to US$60 million in share issuances, stands out for its relevance. By increasing financial flexibility, Avino has the capacity to respond to exploration success or operational needs, a potentially important lever for realizing the upside from new discoveries at La Preciosa. This initiative may play a role depending on market conditions and capital requirements.

By contrast, investors should be aware that raising capital via share issuances could introduce potential dilution if operational gains are not sustained over time, particularly if...

Read the full narrative on Avino Silver & Gold Mines (it's free!)

Avino Silver & Gold Mines' outlook forecasts $93.5 million in revenue and $51.5 million in earnings by 2028. This is based on an assumed annual revenue growth rate of 5.5% and an increase in earnings of $36.8 million from the current $14.7 million.

Uncover how Avino Silver & Gold Mines' forecasts yield a CA$5.30 fair value, a 26% downside to its current price.

Exploring Other Perspectives

Ten views from the Simply Wall St Community estimate fair value from US$3.16 up to US$89 per share. While these opinions vary widely, ongoing operational efficiency and margin improvements remain a core focus that could materially influence long-term performance.

Explore 10 other fair value estimates on Avino Silver & Gold Mines - why the stock might be worth less than half the current price!

Build Your Own Avino Silver & Gold Mines Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Avino Silver & Gold Mines research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Avino Silver & Gold Mines research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Avino Silver & Gold Mines' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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