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Avino Silver & Gold Mines shared its Q3 results, showing more silver production and a solid cash position.

ResultsRead the original at Benzinga
Neutral

Avino produced 15% more silver and held $138 million in cash, but revised its production forecast and reported added mine preparation costs. The gains and cost pressures leave its business prospects mixed.

ASM · Avino Silver & Gold Mines

AI read · Neutral

The AI's read

La Preciosa is moving closer to production mining, and drilling there found higher grades than expected. Those developments could support future growth. But lower-grade processing and mine preparation costs affected results. The company also changed its production forecast, so the report does not show that growth clearly outweighs cost pressure.

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