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Avino Silver & Gold Mines Ltd T.ASM

Alternate Symbol(s):  ASM

Avino Silver & Gold Mines Ltd. is a Canada-based mining and exploration company. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. It operates the Avino Mine, which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino Property covers approximately 1,104 contiguous hectares and is located approximately 80 km north-east of the city of Durango. 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 over 15 exploration concessions totaling 6,011 hectares located in Durango, Mexico, within the municipalities of Panuco de Coronado and Canatlan. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada.


TSX:ASM - Post by User

Comment by Agmanon Aug 03, 2011 6:46pm
279 Views
Post# 18901092

RE: When does production start?

RE: When does production start?Management are cautious/prudent in their decision making - perhaps too much so. The results of the bulk sampling were incredible, so should be a no-brainer. I suspect they are working out plant optimization/ grade control etc. But yeah, let's make pour some Ag while the sun is brightly shining on precious metals. Maybe we need to start bugging management. I sent an e-mail 3 weeks ago asking same and got nadda a word back. Let's hope all their focus and efforts are on getting this thing going.

If they generate ~$1 million from the bulk sample, or $120/tonne - this would equate to $30k/day in profit or
.33/share. At 20x earnings, equates to ~$6.66/share.
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