Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by scissors14on Dec 23, 2015 4:40pm
273 Views
Post# 24409688

ASM: Silver Stocks for 2016

ASM: Silver Stocks for 2016https://email.angelnexus.com/hostedemail/email.htm?CID=31305310034&ch=236FC920D34D9E900E6D899868AE9618&h=5c4c5f467e3166e6fa106abee03b0b92&ei=sPRpR7yN4 Avino is a smaller, little-known silver-focused mining and exploration firm with projects in Mexico and Canada. The company's flagship project is the Avino Property, which currently has 35.5 million ounces of measured, indicated, and inferred silver resources, plus another 18.7 million silver-equivalent resources for a total of over 54.2 million ounces of silver-equivalent resources. Through the first three quarters of the year, the main Avino mine produced nearly 800,000 silver-equivalent ounces. And while 800,000 silver-equivalent ounces isn't a game-changing amount of material, the Avino Mine has good potential to increase production. Between 1998 and 2001, the Avino mine produced an average of 1.6 million silver-equivalent ounces a year. The company hopes to ramp up production beyond that figure. The Avino mine has a very low AISC. For the first three months of the year, Avino's all-in sustaining costs were just over $12 an ounce. Back in July, the company signed a prepayment agreement with Samsung. Under the agreement, Samsung advanced Avino $10 million for the exclusive rights to buy the company's silver concentrates. Samsung will pay for the concentrates at prevailing metal prices for copper, silver, and gold, less treatment, refining, shipping, and insurance charges. With a decently sized resource, increasing production, very low production costs, and a customer ready to buy its products, ASM looks like a great little stock to own to leverage rising silver prices.
Bullboard Posts