18:16:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Avino Silver & Gold Mines Ltd
Symbol ASM
Shares Issued 36,757,009
Close 2015-11-25 C$ 1.20
Market Cap C$ 44,108,411
Recent Sedar Documents

Lundin says buy Avino Silver

2015-11-26 21:20 ET - In the News

Brien Lundin, in the November, 2015, edition of the Gold Newsletter, says buy Avino Silver & Gold Mines Ltd., recently $1.24. Mr. Lundin said buy four times from October, 2013, to May, 2015, at prices ranging from $1.25 to $1.92. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $3,323. Avino recently released third quarter results that were "very respectable," in Mr. Lundin's opinion, given the current market for precious metals. Production soared to 770,004 ounces of silver equivalent from 310,880 ounces a year earlier. As a result, despite lower metal prices, Avino's revenue rose to $5-million from $4.7-million. The company did not manage to turn a profit, however. Net loss came to $625,193, compared with net earnings of $787,805 a year earlier. Mr. Lundin remains upbeat. Avino is "on the edge of profitability" even though metal prices are in the doldrums, which means that once prices rise, Avino's comeback will be all the more dramatic, says the editor. He is also impressed with the company's significant production increases. The stock remains a buy.

© 2024 Canjex Publishing Ltd. All rights reserved.