tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Avino’s La Preciosa Drilling Confirms High-Grade Silver and Prompts Rethink of Mining Plan

Story Highlights
  • Avino’s latest drilling at La Preciosa returned multiple high-grade silver-gold intercepts that exceeded prior grade expectations.
  • The strong results validate Avino’s vein resource model and may support a shift to lower-cost, higher-tonnage underground mining methods at La Preciosa.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Avino’s La Preciosa Drilling Confirms High-Grade Silver and Prompts Rethink of Mining Plan

Claim 50% Off TipRanks Premium

An announcement from Avino Silver & Gold ( (TSE:ASM) ) is now available.

Avino Silver & Gold Mines reported assay results from six drill holes at its La Preciosa project, completing the company’s 2025 drilling program and confirming high-grade silver-gold mineralization in the La Gloria and Abundancia veins. The intercepts, which include standout grades such as 585 g/t silver over 4.9 metres and 694 g/t silver over 4.52 metres, exceeded grade expectations and validated the current vein-based resource model, prompting management to reconsider the planned underground mining method in favor of approaches that could accommodate larger tonnage per blast and lower costs, potentially enhancing the project’s economics and supporting future reserve updates and development plans.

The most recent analyst rating on (TSE:ASM) stock is a Hold with a C$13.00 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 TSE:ASM Stock

According to Spark, TipRanks’ AI Analyst, TSE:ASM is a Outperform.

The score is driven primarily by strong financial performance (high margins and low leverage) and a constructive earnings-call outlook (record cash and operational progress). The main drags are elevated valuation (P/E 50.445) and stretched technical momentum (RSI ~71, Stoch ~81) despite a clear uptrend.

To see Spark’s full report on TSE:ASM stock, click here.

More about Avino Silver & Gold

Avino Silver & Gold Mines Ltd. is a precious metals mining company listed in Toronto, New York and Frankfurt that focuses on silver and gold production and exploration. The company is advancing its La Preciosa project in Mexico, where it targets vein-hosted silver-gold mineralization as part of its broader strategy to grow resources and future mineable reserves in polymetallic districts.

YTD Price Performance: 49.18%

Average Trading Volume: 813,274

Technical Sentiment Signal: Buy

Current Market Cap: C$2B

For detailed information about ASM stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1