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Avino Acquires Neighboring La Preciosa Project; Adds Significant Production Potential To Growth Profile, And Substantially Enhances Its Mineral Resources

Oct 27, 2021•about 4 years ago

Acquiring Company

Avino

Acquired Company

La Preciosa Project

Natural ResourcesSustainability

Description

Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company") is pleased to announce that it has entered into a share purchase agreement (the "Transaction") to indirectly acquire through the purchase of the shares of certain holding companies, the La Preciosa Property ("La Preciosa") from Coeur Mining, Inc. (NYSE: CDE) ("Coeur"). La Preciosa is a development stage mineral property, hosting one of the largest undeveloped primary silver resources in Mexico, and is located adjacent to Avino's existing operations at the Avino Property in Durango, Mexico.

Company Information

Company

Avino

About

Avino is primarily a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver and gold production remains unhedged. The Company's mission and strategy is to create shareholder value through organic growth at the historic Avino Property and the strategic acquisition of mineral exploration and mining properties. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on Twitter at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed