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A look at Avino Silver Mines in 2024
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A CLEAR PATH TO TRANSFORMATIONAL GROWTH, May 2024
https://avino.com/site/assets/files/5182/avino_may_2024corporate_q1_2024_fs.pdf
Weekly Chart
Low volume day. Market sentiment uncertain at the moment. Could be confusion about what the next election cycle will bring.
Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura
May 23, 2024
Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura
Avino Silver & Gold Mines Ltd AMEX
Avino Silver & Gold Mines Ltd
I suspect another loss for Q2! If base metals prices do not recover they will resort to dilution or sale!
Cash burn is concerning. 2-3Q at current burn rate. They are going to need to consolidate with someone soon to survive.
Quarterely Report,
"Strong Q4 Financial Results Following Production Restart
Highest recorded revenues since Q4 2019, with revenues of $9.3 million generating $4.4 million in mine operating income, earnings per share of $0.03 and operating cash flow generated (pre-working capital adjustments) per share of $0.04."
Reading the report it looks as if they paid their debt down to zero, and are generating a nice profit. Forward PE would be at 8.0 at $0.96 a share on the Amex. This is a silver mining company, but gold, copper, lead, etc come right on out of the ground with the silver. They got these results with avg silver at $24 oz. Silver is north of $25 oz, and has been for days. A buy rating was just issued with a target of $1.50 which would easily take out the $1.31 52 week high. Going back to $0.61 or moving up from $0.96? I'd say with silver prices what they are it's going to move up.
You have a company that has spent all it's money and then some!
If they are forced to shut again, takeunder!
Production costs are higher than market price for the metal!
#ASM: WHAT DO WE HAVE HERE... 0.93
* * $ASM Video Chart 02-01-2021 * *
Link to Video - click here to watch the technical chart video
$ASM is screaming for the top as Wall Street Bets places their next bet. Gains are at 150% and the short squeeze is just beginning. https://cnafinance.com/asm-stock-avino-climbs-as-reddit-eyes-silver/
$SVLKF will run today !!!!
Shares Outstanding 5 89.57M
Float 85.86M
% Held by Insiders 1 3.23%
% Held by Institutions 1 3.53%
Shares Short (Jan 15, 2021) 4 1.05M
Short Ratio (Jan 15, 2021) 4 0.69
Short % of Float (Jan 15, 2021) 4 1.21%
Short % of Shares Outstanding (Jan 15, 2021) 4 1.17%
Shares Short (prior month Dec 15, 2020) 4 708.54k
Avino Reports 60% Increase in Measured and Indicated Mineral Resources to 75.9 Million Ounces Silver Equivalent at the Avino Property
https://finance.yahoo.com/news/avino-reports-60-increase-measured-114500631.html
Looks like I lucked out picking ASM ... +51%
Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s
Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s
I added back to my position today. Should go back above 1.20 with gold on the uptick.
more to come
Huge Volume
ASM Appears to own strong technical promise. Cut and paste this url to your browser to see. https://stockcharts.com/public/1164099
.5689 at the close, Q1 615,019 oz Silver equivalent production
Quarter 1
-- Gold production 1,813 oz
-- Silver production 268,399 oz
-- Copper production 1,062,702 lbs
The stock is forming a nice base in this range. We should hit at least .80 later this month.
Dilution at 65 cents.
Can someone please tell me why the stock price dropped substantially? What happened? Thank you
8/28: Avino Announces Commencement of Drilling at Bralorne and Exploration Update (PR Newswire)
Join the bidding war for RPMGF!
I almost had heart failure but at the same time I was happy happy happy!! I had sold out when I seen the pps dropping the other day. My thoughts were well....... I should have not sold! Then today happened and i thought......... dang I'm lucky!!! what a kick in the butt cheeks!! I missed it by only hours!!! I had kept one share as always so I can see what is going on with a stock everyday. Unreal!!! not sure if I will buy back in again for now? Holding off for a while. Good luck to everyone. Just luck I sold 1,499. JMO
It is because of the following. Shares issued at 1.57 and option of warrent within 36 months for 2.00
Avino Silver & Gold Mines Ltd. (NYSE: ASM) announces it has entered into an underwriting agreement dated November 21, 2016 (the "Underwriting Agreement") with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, and certain co-managers (collectively, the "Underwriters"), to purchase, on a bought deal basis, 6,370,000 units of the Company (the "Units") at the price of US$1.57 per Unit (the "Issue Price") for aggregate gross proceeds of approximately US$10 million (the "Offering") in Canada and the United States of America. Each Unit will consist of one (1) common share of the Company (the "Common Shares") and one-half (1/2) of one common share purchase warrant (the "Warrants"). Each whole Warrant will be exercisable for a period of 36 months after the closing of the Offering and will entitle the holder to purchase one (1) additional Common Share at an exercise price of US$2.00, subject to adjustment.
Something about a $1.57 stock price issued to some underwriter as part of a warrant.
ASM
the market finally read my post from months ago predicting 1.50
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