Avino Silver & Gold Mines (ASM) Shares Soar 8.24% on High-Grade Silver, Full La Preciosa Ownership

The share price of Avino Silver & Gold Mines Ltd. (NYSE: ASM) surged to its highest level since September 2025, rising 4.09% intraday and climbing 8.24% over two consecutive trading days. This marks a significant turnaround for the stock, which has seen renewed investor interest amid a combination of operational progress and strategic developments.

Recent drilling results at Avino’s La Preciosa project have been pivotal, with high-grade silver intersections reported in August 2025. Notably, Hole PMLP 25-03 revealed 1,638 g/t silver over 7.90 meters and 15,352 g/t silver over 0.37 meters, reinforcing the project’s potential as a key growth driver. The company also secured full ownership of La Preciosa by acquiring all outstanding royalties and contingent payments for $22 million, eliminating future obligations and reducing operating costs. This acquisition, coupled with the construction of a 360-meter access decline, positions the project for accelerated production.

Institutional confidence has further bolstered the stock’s momentum. Bank of America Corp DE significantly increased its stake in Q2 2025, acquiring 876,330 shares valued at $3.155 million—a 610.3% rise in its position. Other institutional investors, including Tower Research Capital and Man Group plc, also expanded their holdings, elevating institutional ownership to 3.11%. Such inflows typically enhance liquidity and signal long-term optimism about the company’s prospects.

Avino’s financial performance has also strengthened, with Q2 2025 revenue rising 47% year-over-year to $21.8 million. Silver equivalent production increased by 5%, while gold and copper output grew by 17% and 12%, respectively. Cash costs per silver equivalent ounce fell 7% to $15.11, and the company’s working capital now stands at $40.6 million, with a debt-free balance sheet. These metrics highlight Avino’s operational efficiency and financial flexibility, supported by automation upgrades and process optimizations that boosted Q2 mill throughput by 36% year-over-year.

Strategic initiatives, including the renewal of an At-The-Market equity program in June 2025, provide additional capital flexibility for growth. The company’s focus on becoming an intermediate producer within five years, backed by a 371 million ounce silver equivalent resource base and a 100% Mexican workforce, aligns with its expansion goals. Leadership changes, including the election of Michael Clark to the board, further emphasize governance improvements and alignment with strategic objectives.