Breaking News

Over a quarter ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Recommendations
Avino Silver Mines price target raised to $1.70 from $1.40 at Alliance Global » 11:46
04/14/22
04/14
11:46
04/14/22
11:46
ASM

Avino Silver & Gold Mines

/

+

Alliance Global Partners…

Alliance Global Partners analyst Jake Sekelsky raised the firm's price target on Avino Silver & Gold Mines to $1.70 from $1.40 and reiterates a Buy rating on the shares. The Avino Mine continues to deliver steady state production as the integration of La Preciosa begins, Sekelsky tells investors in a research note. While the company's Q1 production results were roughly in line with estimates, the La Preciosa acquisition closed toward the end of the quarter, the analyst points out.

ShowHide Related Items >><<
ASM Avino Silver & Gold Mines
/

+

ASM Avino Silver & Gold Mines
/

+

10/28/21 Alliance Global Partners
Alliance Global says Avino's La Preciosa deal could be 'transformational'
Hot Stocks
Avino Silver & Gold Mines reports Q1 production 457,798 silver equivalent ounces » 06:58
04/14/22
04/14
06:58
04/14/22
06:58
ASM

Avino Silver & Gold Mines

/

+

Silver production…

Silver production remained constant at 164,358 ounces. Copper production increased by 8% to 1.2M pounds. Gold production decreased by 66% to 801 ounces. Mill throughput increased by 7% to 111,138 tons.

ShowHide Related Items >><<
ASM Avino Silver & Gold Mines
/

+

ASM Avino Silver & Gold Mines
/

+

10/28/21 Alliance Global Partners
Alliance Global says Avino's La Preciosa deal could be 'transformational'
Recommendations
Alliance Global says Avino's La Preciosa deal could be 'transformational' » 07:35
10/28/21
10/28
07:35
10/28/21
07:35
ASM

Avino Silver & Gold Mines

/

+

, CDE

Coeur Mining

$6.59 /

-0.25 (-3.65%)

After Avino Silver &…

After Avino Silver & Gold Mines (ASM) announced the proposed acquisition of the La Preciosa Project from Coeur Mining (CDE), Alliance Global Partners analyst Jake Sekelsky said he views the proposed deal as "a logical transaction" as well as as "a game-changer" that could be "transformational for Avino." The La Preciosa project, which is adjacent to Avino's existing property, increases the company's land package by over 600% while increasing Avino's overall resource base to over 235 million AgEq ounces, noted Sekelsky, who reiterates a Buy rating and $1.40 price target on Avino shares.

ShowHide Related Items >><<
CDE Coeur Mining
$6.59 /

-0.25 (-3.65%)

ASM Avino Silver & Gold Mines
/

+

ASM Avino Silver & Gold Mines
/

+

CDE Coeur Mining
$6.59 /

-0.25 (-3.65%)

04/30/21 Noble Capital
Coeur Mining downgraded to Market Perform from Outperform at Noble Capital
04/30/21 Canaccord
Coeur Mining selloff overdone, Canaccord upgrades to Buy
04/29/21 Canaccord
Coeur Mining upgraded to Buy from Speculative Buy at Canaccord
02/19/21 Roth Capital
Coeur Mining upgraded to Buy from Neutral at Roth Capital on valuation
CDE Coeur Mining
$6.59 /

-0.25 (-3.65%)

ASM Avino Silver & Gold Mines
/

+

CDE Coeur Mining
$6.59 /

-0.25 (-3.65%)

Hot Stocks
Avino acquires neighboring La Preciosa project from Coeur Mining » 07:31
10/28/21
10/28
07:31
10/28/21
07:31
ASM

Avino Silver & Gold Mines

/

+

, CDE

Coeur Mining

/

+

Last night, Avino Silver…

Last night, Avino Silver & Gold Mines (ASM) announced that it has entered into a share purchase agreement to indirectly acquire through the purchase of the shares of certain holding companies the La Preciosa Property from Coeur Mining (CDE). La Preciosa is a development stage mineral property, hosting one of the largest undeveloped primary silver resources in Mexico, and is located adjacent to Avino's existing operations at the Avino Property in Durango, Mexico, the company stated. David Wolfin, Avino's President and CEO, stated: "We believe this is a transformational Transaction for Avino shareholders. I have always believed that Avino and La Preciosa belong under common ownership given the clear synergies and common infrastructure, and I'm delighted that Coeur shares this vision. La Preciosa is an excellent strategic fit within Avino's existing operations and further strengthens our presence in Durango by adding not only a large, high-quality silver development project with near-term production potential to our portfolio, but also increasing our mineral exploration concessions by more than 7-fold to over 7,000 hectares. We are also very pleased to welcome an experienced miner in Coeur as a strategic Avino equity holder. Work is already underway to determine how to best integrate La Preciosa into Avino's production operations, given the proximity to the current processing facilities and infrastructure. We expect a large portion of the existing La Preciosa resource could be mined via an underground operation to potentially improve Avino's production and organic growth profile." Avino has agreed to pay cash consideration of $20M, of which $15M is payable at the closing of the Transaction from Avino's cash on hand. The remaining $5M is payable before the first anniversary of the closing date. Avino will execute a note payable in favor of Coeur with respect to the remaining cash consideration on customary termsi. Additionally, Avino will issue 14.0M units, each comprising one common share and one-half of a common share purchase warrant. On closing, Coeur will own about 12% of Avino's issued and outstanding common shares. The Warrants will have an exercise price of $1.09, representing a 25% premium to Avino's 20-day VWAP as of October 26, 2021, and will have a term of 18 months from the closing date of the transaction.

ShowHide Related Items >><<
CDE Coeur Mining
/

+

ASM Avino Silver & Gold Mines
/

+

ASM Avino Silver & Gold Mines
/

+

CDE Coeur Mining
/

+

04/30/21 Noble Capital
Coeur Mining downgraded to Market Perform from Outperform at Noble Capital
04/30/21 Canaccord
Coeur Mining selloff overdone, Canaccord upgrades to Buy
04/29/21 Canaccord
Coeur Mining upgraded to Buy from Speculative Buy at Canaccord
02/19/21 Roth Capital
Coeur Mining upgraded to Buy from Neutral at Roth Capital on valuation
CDE Coeur Mining
/

+

ASM Avino Silver & Gold Mines
/

+

CDE Coeur Mining
/

+

Hot Stocks
Avino Silver & Gold Mines reports Q3 production 285,464 silver equivalent ounces » 06:51
10/15/21
10/15
06:51
10/15/21
06:51
ASM

Avino Silver & Gold Mines

/

+

During Q3 production came…

During Q3 production came primarily from the Avino Mine. The company is currently mining and milling from the Avino Mine only. As part of the ramp-up of operations 10,806 tons of Historic Above Ground stockpile material having been processed during Q3. Production from this material totaled 15,784 silver equivalent ounces, consisting of 9,336 ounces of silver, 58 ounces of gold, and 12,584 pounds of copper, and there was no comparable production from Q2 2020.

ShowHide Related Items >><<
ASM Avino Silver & Gold Mines
/

+

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.