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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 phoenix_traderon Nov 10, 2021 9:37am
195 Views
Post# 34109279

RE:These guys know how to disappoint...

RE:These guys know how to disappoint...Debt paid off and cash will more than cover the La Preciosa initial payment.

Name one other mine that has resumed production and likely quadrupled resources without debt and with minimal share isuance.

Cash is flowing now and a district scale silver mine will be producing for decades. Silver and copper prices are significantly higher than three years ago, yet production costs are still manageable.

Avino will be an acquisition target within a year once La Preciosa is added to resources.






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