Avino Silver & Gold Mines Ltd
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Materials : Metals & Mining | Small Cap Growth
Based in Canada
Company profile

Avino Silver & Gold Mines Ltd. is a Canada-based company, which is engaged in the production and sale of silver, gold and copper, and the acquisition, exploration and advancement of mineral properties. The Company operates the Avino Mine, which produces copper, silver and gold at the Avino property. Its subsidiary Avino Mexico owns 42 mineral claims and leases four mineral claims in the state of Durango, Mexico. The Company's mineral claims in Mexico are divided into four groups: Avino mine area property, Gomez Palacio/Ana Maria property, Santiago Papasquiaro property and Unification La Platosa properties. The Company’s La Preciosa consists of 15 exploration concessions totaling approximately 6,011 hectares located in Durango, Mexico, within the municipalities of Panuco de Coronado and Canatlan. The property is located within 20 kilometers of the Company’s Avino mining operations. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada.

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Stocks of 11 banks that pumped $30 billion into First Republic Bank all lower premarket

8:02 am ET March 17, 2023 (MarketWatch)

The stocks of the 11 banks that contributed $30 billion in uninsured deposits to embattled lender First Republic Bank on Thursday were all lower in premarket trade Friday, amid concerns the unprecedented action had failed to prop up the regional bank's stock. First Republic Bank stock (FRC) was down 4% premarket, after it said it would suspend its dividend to conserve cash. JP Morgan analysts said the move by banks to help a smaller rival was a positive; "however, news late last night of post market drop in First Republic's stock price is likely to rattle investors as markets remain fragile," they wrote early Friday. JP Morgan Chase (JPM), one of four big banks to contribute $5 billion as part of the $30 billion deal, was down 0.7%, Citigroup (C) was down 1%, Bank of America (BAC) was down1.2% , and Wells Fargo (WFC) fell 0.8%. Goldman Sachs (GS) and Morgan Stanley (MS), each providing $2.5 billion to the package, were down 0.6% and 0.7% respectively. Bank of New York Mellon (BK) and State Street (STT) were down 0.2%, Truist (TFC) was down 1.5% and and US Bancorp (USB) was down 1.4% Those four are providing $1 billion each. PNC Financial Services (PNC) was down 0.9%.

-Ciara Linnane

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 17, 2023 08:02 ET (12:02 GMT)

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