Avino Silver & Gold Mines: La Preciosa Drill Results Exceed Expectations, Supporting Future Growth

Avino Silver & Gold Mines' shares are up 38.5% after strong La Preciosa drill results confirmed the accuracy of its resource model, leading to reassessment of its underground mining method, potentially supporting higher tonnage and lower unit mining costs. The results fit into the company's investment narrative of turning La Preciosa into a long-lived, efficient silver-gold operation. However, execution risk at La Preciosa matters more than ever, and shares may be undervalued by 36%.