Latest news with #AvinoSilver
Associated Press
a day ago
- Business
- Associated Press
Avino Renews ATM Equity Program
VANCOUVER, BC / ACCESS Newswire / June 13, 2025 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ('Avino' or the 'Company') announces that it has filed a prospectus supplement dated June 13, 2025 (the 'Prospectus Supplement') to the Company's short form base shelf prospectus dated May 26, 2025 (the 'Shelf Prospectus') with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to which the Company may, at its discretion and from time to time, distribute common shares (the 'Offered Shares') pursuant to a sales agreement dated June 13, 2023 (the 'Sales Agreement') with Cantor Fitzgerald & Co. (the 'Designated Agent'), H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (collectively, with the Designated Agent, the 'Agents'), as agents or as principals, for the distribution of the Offered Shares in the United States (the 'ATMOffering') up to the aggregate sales amount of US$40 million (the 'Maximum Amount'). A corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission (the 'SEC'). 'We have re-established the ATM Offering after the previous offering expired in May 2025, and it will be used strategically as an additional source of financial flexibility if required, subject to regulatory requirements,' said David Wolfin, Avino's President and CEO. The ATM Offering is being made in the United States under the terms of a registration statement on Form F-10, as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the Shelf Prospectus and Prospectus Supplement filed in each province and territory of Canada, except Quebec; the Registration Statement, Shelf Prospectus and Prospectus Supplement being collectively, the 'Prospectus'). Prospective investors should read the Prospectus (including the documents incorporated by reference therein) for more complete information about the Company and the ATM Offering, including the risks associated with investing in the Company and disclosure with respect to the proposed use of proceeds of the ATM Offering. The sales of the Offered Shares, if any, will be made directly on the NYSE American, or any other trading market for the Offered Shares in the United States or outside of Canada as otherwise agreed between the Agents and the Company, and will be deemed sales of Offered Shares under the Prospectus in transactions that are deemed to be 'at-the-market distributions' as defined in National Instrument 44-102 - Shelf Distributions and Rule 415 of the Securities Act of 1933, as amended. The Offered Shares, if any, will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the Offered Shares sold under the ATM Offering reaches the Maximum Amount, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws, and (iii) the termination of the Sales Agreement in accordance with its terms. The Company has agreed to pay the Agents a cash commission up to 3.0% of the gross proceeds of the Offering. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. There is no certainty that any Offered Shares will be offered or sold under the ATM Offering. Copies of the Shelf Prospectus, Prospectus Supplement and Registration Statement may be obtained on request without charge from: (i) the Company at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1, Canada, telephone (604) 682-3701; or (ii) Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th floor, New York, New York 10022, by email at [email protected]. You may also obtain these documents free of charge under the Company's SEDAR+ profile at and on EDGAR at The Toronto Stock Exchange has conditionally approved the listing of the Offered Shares that may be sold under the ATM Offering. The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the ATM Offering as an 'Eligible Interlisted Issuer' (as such term is defined in the TSX Company Manual). This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Avino: Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here. This news release contains 'forward-looking information' and 'forward-looking statements' (together, the 'forward-looking statements') within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as 'forward-looking statements' are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the distribution of Offered Shares, if any, under the ATM Offering and the benefits associated therewith and the use of net proceeds, if any, of the ATM Offering. expected operations at the Company's mineral properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'plans', 'projects', 'estimates', 'envisages', 'assumes', 'intends', 'strategy', 'goals', 'objectives' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. For Further Information, Please Contact: Investor Relations Tel: 604-682-3701 Email: [email protected] SOURCE: Avino Silver & Gold Mines Ltd. press release
Yahoo
06-06-2025
- Business
- Yahoo
Here's Why Avino Silver (ASM) is a Great Momentum Stock to Buy
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Avino Silver (ASM), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Avino Silver currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if ASM is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For ASM, shares are up 3.59% over the past week while the Zacks Mining - Silver industry is up 0.91% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 47.11% compares favorably with the industry's 31.85% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Avino Silver have risen 101.13%, and are up 239.05% in the last year. In comparison, the S&P 500 has only moved 1.99% and 12.34%, respectively. Investors should also pay attention to ASM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ASM is currently averaging 4,669,188 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with ASM. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ASM's consensus estimate, increasing from $0.07 to $0.13 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that ASM is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Avino Silver on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avino Silver (ASM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Avino Silver Earnings Beat Estimates in Q1, Revenues Jump Y/Y
Avino Silver & Gold Mines Ltd. ASM reported earnings per share of 7 cents for first-quarter 2025, which marked a 250% upsurge from the 2 cents reported in the first quarter of 2024, attributed to higher metal prices. The bottom line surpassed the Zacks Consensus Estimate of 3 cents per share. Including one-time items, the company posted earnings of 4 cents compared with break-even earnings per share in the year-ago quarter. Avino Silver price-consensus-eps-surprise-chart | Avino Silver Quote ASM's revenues rose 52% year over year to $19 million due to higher metal prices and consistent production. The top line beat the Zacks Consensus Estimate of $18 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The company recorded cash costs of $12.62 per silver equivalent payable ounce, indicating a 15% decrease from the year-ago quarter's actual. Consolidated all-in sustaining costs were $20.08 per silver payable equivalent ounce compared with $20.23 in the first quarter of Silver reported a mine-operating profit of a record $10.6 million, skyrocketing 352% from the $2.3 million reported in the year-ago quarter. EBITDA was $9.7 million, which soared 466% from the $1.7 million in the year-ago quarter. Avino Silver produced 678,458 silver equivalent ounces, which was up 8% year over year. This comprised 265,681 ounces of silver, 2,225 ounces of gold and 1,604,343 pounds of copper. While silver production increased 6%, gold output was up 25% and copper production increased 19%. Shares of the company have skyrocketed 170% over the past year against the industry's 9.1% decline. Image Source: Zacks Investment Research Avino Silver currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Hecla Mining Company HL reported first-quarter 2025 adjusted earnings per share of 4 cents, beating the Zacks Consensus Estimate of 3 cents. Hecla Mining posted earnings of 1 cent per share in the year-ago Mining's revenues increased 37.4% year over year to $261 million in the quarter under review. The top line beat the Zacks Consensus Estimate of $236 American Silver Corp. PAAS posted first-quarter 2025 adjusted earnings per share of 42 cents, beating the Zacks Consensus Estimate of 19 cents. Pan American Silver posted earnings of 1 cent per share in the year-ago American Silver's revenues increased 28.6% year over year to $773 million in the quarter under review. The top line beat the Zacks Consensus Estimate of $697 million. Fortuna Mining Corp. FSM reported first-quarter adjusted earnings per share of 20 cents, which missed the Zacks Consensus Estimate of 21 cents. The bottom line marked a 122% year-over-year upsurge. Fortuna Mining's revenues increased 28.9% year over year to $290 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hecla Mining Company (HL) : Free Stock Analysis Report Pan American Silver Corp. (PAAS) : Free Stock Analysis Report Fortuna Mining Corp. (FSM) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
