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 silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company also maintains a diversified pipeline of gold and base metals exploration properties. It operates the Elena Tolosa Mine (Avino Mine), which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino property also hosts the San Gonzalo Mine, which is on care and maintenance. The Company also holds 100% interest in Proyectos Mineros La Preciosa S.A. de C.V. (La Preciosa), a Mexican corporation, which owns the La Preciosa Property. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada. The Company’s mineral claims in Mexico are divided into two groups: Avino Mine area property and Gomez Palacio/Ana Maria property. La Preciosa is a development stage mineral property located in the state of Durango, Mexico. Its other properties include Eagle, Minto, and Olympic, among others.


TSX:ASM - Post by User

Post by Wallstreet1112on Apr 26, 2016 9:36am
261 Views
Post# 24809669

Hopefully this will be a nice catalyst in 2016

Hopefully this will be a nice catalyst in 2016During a recent interview that can be found on youtube ( https://www.youtube.com/watch?v=FFSDeiWuIZ4 ) Wolfin stated that he believes the Avino property sales would be reclassified as revenue sometime in the near future ( 2016 anyway ).

When this happens, their stated revenue is likely to at least double...

"Proceeds from the sale of Avino Mine Concentrate totaled $21.5 million in 2015, but was classified as a recovery of exploration and evaluation expenditures"

"During the year ended December 31, 2015, the Company produced 4,517 tonnes of bulk silver/gold bulk concentrate and 16.59 tonnes of gravity concentrate from its San Gonzalo Mine, and recognized revenues of $19,082,847"


These excerps are from their company presentation as well as their financial statement for 2015.

Disclosure: Avino is my biggest primary silver holding.


Bullboard Posts