Avino Silver & Gold Mines Reports La Preciosa Drill Results
Avino Silver & Gold Mines reports results of six drill holes from La Preciosa, completing the Company's 2025 program. Of the six holes, one was twinned with previous drilling while the remaining five were completed as part of an infill drilling program. Selected Intercept Highlights: Hole PMLP 25-12: 585 g/t Ag and 0.65 g/t Au over 4.90 metres true width including 2,218 g/t Ag and 1.92 g/t Au over 0.51 metres true width; Hole PMLP 25-14 at Gloria: 694 g/t Ag and 0.63 g/t Au over 4.52 metres true width including 2,275 g/t Ag and 1.28 g/t Au over 0.61 metres true width. The variation of grades and thicknesses within relatively short distances compared with previously drilled intercepts were expected due to the "pinch and swell" geometry of the La Preciosa veins and the high nugget effects. The drill results exceeded grade expectations and verified the geometry of the current vein-based resource model. "We are delighted to report excellent silver grades from all six holes at La Preciosa" said David Wolfin, President and CEO. "The significant widths at La Gloria encountered through the development and highlighted with these drill holes have us reconsidering our selected underground production mining method, which has the potential for larger tonnage per blast and lower mining costs. The silver grade continues to surprise to the upside with significantly higher silver grades compared to the average grade in our current mineral resource. These holes will also be outside of the upcoming mineral resource update and Avino's first La Preciosa mineral reserve due to the data not being received until after the cut of period in 2025. Having said that, we expect to encounter these high grades as we continue with development mining on each face of the vein to the north and south of the main San Fernando ramp."
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- Silver Price Surge: Spot silver prices have surged past $110 per ounce, driving demand for safe-haven assets and resulting in over 6% gains for several silver mining stocks in pre-market trading.
- Strong Mining Stock Performance: First Majestic Silver Corp. and Hecla Mining saw their shares rise over 6% and 6.5%, respectively, reaching multi-decade highs, indicating strong market interest in precious metals.
- ETF Outperformance: The iShares Silver Trust ETF (SLV) has gained approximately 76% year-to-date, significantly outperforming the SPDR Gold Shares ETF (GLD) which rose only 19%, reflecting a clear investor preference for silver.
- Market Concerns Intensify: Despite the current bullish sentiment in precious metals, analysts warn that this rally may be driven by “FOMO-driven speculation” and could face sustainability risks in the near future.
- Earnings Beat: Booz Allen Hamilton reported an adjusted EPS of $1.77 for Q3, surpassing the analyst consensus of $1.29, indicating strong profitability despite a 10.2% year-over-year sales decline.
- Sales Decline: The company's quarterly sales totaled $2.62 billion, missing the street view of $2.75 billion, reflecting challenges in the market environment that may impact future growth strategies.
- Stock Surge: Booz Allen's shares jumped 9.8% to $105.09 on Friday, demonstrating a positive investor reaction to the earnings beat, which bolstered market confidence.
- Mixed Market Performance: While the Dow Jones fell around 200 points, Booz Allen's strong performance contrasted with broader market trends, highlighting stock resilience and selective investor preferences.
- Acquisition Agreement: Energy Fuels Inc. has signed a Scheme Implementation Deed to acquire 100% of Australian Strategic Materials for $299 million, further solidifying its leadership in the rare earth elements market.
- Transaction Structure: The acquisition will be completed via a scheme of arrangement under Australian law, expected to enhance Energy Fuels' resource integration capabilities and competitive advantage in the market.
- Market Impact: This acquisition will significantly increase Energy Fuels' production capacity in rare earth metals and alloys, addressing the growing demand from clean energy and high-tech industries, thereby driving the company's future growth potential.
- Investor Communication: Energy Fuels will host a conference call on January 21, 2026, at 9:00 AM MT to provide detailed insights into the acquisition, enhancing investor understanding of the company's strategic direction.
- Acquisition Overview: Energy Fuels has signed a Scheme Implementation Deed to acquire Australian Strategic Materials for $299 million, aiming to enhance its competitive position in the rare earth metals market and significantly increase market share and margins.
- Strategic Integration Benefits: The acquisition will combine ASM's Korean Metals Plant with Energy Fuels' White Mesa Mill in Utah, creating a complete 'mine-to-metal & alloy' production chain that addresses critical gaps in global supply chains, particularly in automotive and defense technologies.
- Project Expansion Potential: ASM's Dubbo Rare Earth Project will enrich Energy Fuels' development pipeline, expected to supply feed materials for the planned expansion of the White Mesa Mill to produce 6,000 tonnes per annum of rare earth oxides, strengthening the company's position in the global rare earth market.
- Shareholder Value Enhancement: Upon completion, ASM shareholders will own approximately 5.8% of Energy Fuels, which is anticipated to create long-term value for both parties and support critical mineral supply chains for the U.S. and its allies.

Shareholder Ownership: Shareholders of Energy Fuels, as a group, would own approximately 5.8% of the company's outstanding shares.
Company Overview: Energy Fuels is involved in the energy sector, focusing on the production and supply of uranium and vanadium.









