Miners that Can Survive $1,050 Gold and $15 Silverhttps://www.theaureport.com/pub/na/16831?utm_source=delivra&utm_medium=email&utm_campaign=Gold+Final+12%2D21%2D15 Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE). This is a silver company that has gold. It has two mines: San Gonzalo, which began production in 2012, and the past-producing Avino mine, which began production in January and is ramping up. We expect the San Gonzalo mine to produce ~1.15 Moz silver equivalent (~1.15 Moz Ag eq) annually for several years. We expect Avino to produce 1.51.7 Moz Ag eq annually going forward. This company has pretty decent cash costs. We expect long-term AISC for the company to average around $13/oz Ag eq. TGR: How do you rate Avino? RC: A Buy with a target price of $3.10. This is an extremely underfollowed name, so it's usually a surprise when I mention it to people.