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Avino Silver & Gold (ASM)
What is the Expected Impact of Phasing Out San Gonzalo?
Avino Silver & Gold Mines Ltd. engages in the acquisition, exploration, development, production, and sale of mineral properties in Canada and Mexico. It primarily explores for gold, silver, copper, zinc, and lead deposits.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- ASM reports second quarter 2019 production results. Avino Silver & Gold Mines Ltd. reported second quarter production of 599,593 silver equivalent ounces representing a 19% decline versus the prior year period. Second quarter production results were negatively impacted by 5 days of unplanned downtime at the San Gonzalo mine and an expected decline in grades as the San Gonzalo mine approaches the end of its life.
- Phasing out San Gonzalo. No ore is currently being mined from San Gonzalo and ore stockpiled at the mine is expected to be depleted by the end of...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.