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Avino Silver & Gold ( (TSE:ASM) ) has issued an announcement.
Avino Silver & Gold Mines has reported its first consolidated mineral reserve estimate across its La Preciosa, Avino and Oxide Tailings properties in Mexico, marking a key step toward its goal of becoming a multi-asset mid-tier producer. The company now outlines proven and probable reserves of 27 million tonnes containing 95 million ounces of silver, 356,000 ounces of gold and 85 million pounds of copper, equivalent to 127 million silver-equivalent ounces.
The updated mineral resource estimate shows that 42% of resources were converted to reserves, supporting potential decades of mine life at current mill throughput levels. Measured and indicated resources across all assets rose 9% to 68 million tonnes, or 301 million silver-equivalent ounces, highlighting both reserve growth and increased confidence in the resource base, which together strengthen Avino’s long-term production outlook and value proposition for stakeholders.
The most recent analyst rating on (TSE:ASM) stock is a Buy with a C$12.75 price target. To see the full list of analyst forecasts on Avino Silver & Gold stock, see the TSE:ASM Stock Forecast page.
Spark’s Take on ASM Stock
According to Spark, TipRanks’ AI Analyst, ASM is a Neutral.
The score is driven by strong financial performance (profitability and low leverage) and a constructive earnings call highlighting growth plans backed by strong liquidity. These are partially offset by weak technicals (downtrend and negative momentum) and a relatively high P/E with no dividend support.
To see Spark’s full report on ASM stock, click here.
More about Avino Silver & Gold
Avino Silver & Gold Mines Ltd. is a long-standing silver producer operating in Mexico, with assets including the Avino Mine complex, La Preciosa and an Oxide Tailings deposit. The company focuses on silver, gold and copper production and is positioning itself as a multi-asset, mid-tier precious metals producer with a substantial organic growth pipeline.
Average Trading Volume: 1,212,161
Technical Sentiment Signal: Buy
Current Market Cap: C$1.66B
For detailed information about ASM stock, go to TipRanks’ Stock Analysis page.