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Avino Silver & Gold ( (TSE:ASM) ) has shared an update.
Avino Silver & Gold Mines Ltd. has commenced underground development at its La Preciosa property in Mexico after securing all necessary permits. This development marks a significant milestone for the company, as La Preciosa is one of Mexico’s largest undeveloped silver deposits with higher silver grades than currently mined at Avino. The project is expected to drive local economic growth and job creation while maintaining an environmentally sustainable approach. The initial phase of development is budgeted under $5 million and will be funded from Avino’s cash reserves, highlighting the company’s robust financial position.
More about Avino Silver & Gold
Avino Silver & Gold Mines Ltd. is a well-established silver producer operating in Mexico, focusing on silver and gold mining. The company is known for its strategic focus on developing significant silver deposits and has a strong operational base in the region, emphasizing sustainable and responsible mining practices.
YTD Price Performance: -2.37%
Average Trading Volume: 1,830,564
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $133.1M
Learn more about ASM stock on TipRanks’ Stock Analysis page.
