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Avino Silver Acquires Full Ownership of La Preciosa, Rallies 4%

Key Takeaways Avino Silver gained the full ownership of La Preciosa, removing royalty obligations before 2025 production.The 22Mdealincludes22M deal includes 13.25M upfront and 8.75Mdeferredpayments,supportedbystrongcashreserves.Q2revenuesrose478.75M deferred payments, supported by strong cash reserves. Q2 revenues rose 47% to 22M, with EPS at 6 cents, driven by higher metal prices and sales.Shares of Avino Silver & Gold Mines Ltd. (ASM) gained 4% as it announced on Monday that it acquired the full ownership of its La Preciosa project from Deterra Royalties Limited. This deal provides ...