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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

Comment by Dummoneyon Aug 09, 2017 1:56pm
248 Views
Post# 26561979

RE:Looks like investors don't like it.

RE:Looks like investors don't like it.The great thing about this tactic is that now if someone like Hecla trys to take them over, they now get to buy 25 million worth of extra shares at whatever premium they are offering, which hopefully scares them off. The added bonus is that Avino now gets financing whenever they want in the next year and a half for 3% so to speak. This financing probably wont even be utilized unless silver runs hard, in which case it would be good to get cheap $ for expanding operations. A very good move all round, for all actualities
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