Avino Silver & Gold Mines Ltd. launches $50M ATM offering
Ticker: ASM · Form: 6-K · Filed: Jun 16, 2025 · CIK: 316888
Sentiment: neutral
Topics: atm-offering, equity-financing, capital-raise
TL;DR
Avino just set up a deal to sell up to $50M in stock anytime they want through Cantor Fitzgerald & others.
AI Summary
On June 13, 2025, Avino Silver & Gold Mines Ltd. entered into a Sales Agreement with Cantor Fitzgerald & Co., H.C. Wainwright & Co., LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners. This agreement allows the company to issue and sell up to $50 million of its common shares through an at-the-market (ATM) offering.
Why It Matters
This ATM offering provides Avino with flexible access to capital, allowing them to raise funds opportunistically for general corporate purposes or potential acquisitions.
Risk Assessment
Risk Level: medium — ATM offerings can dilute existing shareholders if shares are sold at unfavorable prices, and the success of the offering depends on market conditions.
Key Numbers
- $50.0M — ATM Offering Capacity (Maximum amount of common shares Avino can sell through the offering.)
Key Players & Entities
- Avino Silver & Gold Mines Ltd. (company) — The company entering into the agreement.
- June 13, 2025 (date) — Date the Sales Agreement was entered into.
- Cantor Fitzgerald & Co. (company) — One of the designated agents for the ATM offering.
- H.C. Wainwright & Co., LLC (company) — One of the agents for the ATM offering.
- Roth Capital Partners, LLC (company) — One of the agents for the ATM offering.
- A.G.P./Alliance Global Partners (company) — One of the agents for the ATM offering.
- $50 million (dollar_amount) — Maximum amount of common shares that can be sold.
FAQ
What is the purpose of the Sales Agreement?
The Sales Agreement allows Avino Silver & Gold Mines Ltd. to issue and sell up to $50 million of its common shares through an at-the-market offering.
Who are the agents involved in the ATM offering?
The agents include Cantor Fitzgerald & Co., H.C. Wainwright & Co., LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners.
When was the Sales Agreement entered into?
The Sales Agreement was entered into on June 13, 2025.
What type of securities can be sold under the agreement?
The agreement allows for the sale of common shares.
What is the maximum value of shares that can be sold?
The company can issue and sell up to $50 million of its common shares.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 16, 2025 regarding AVINO SILVER & GOLD MINES LTD (ASM).