Avino Silver TSX:ASM NY:ASM

5 years 5 months ago #81816 by lynnsa10
lynnsa10 replied the topic: Avino Silver TSX:ASM NY:ASM
Great idea to start a topic, it is an under followed company but has Sprott as a major shareholder. I have owned it for sometime and have done very well

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5 years 5 months ago #80898 by RonS
RonS created the topic: Avino Silver TSX:ASM NY:ASM
Avino Silver is long time know junior silver stock and one of my favorites, I believe it has been around since the 1960s and has never seen a share roll back. They 1st began production at the Avino mine in 1974, but it has been closed on occasions because of low silver prices.

Their main asset, the Avino Mine is more historic. It started operation in the 1500s and at the time, the Spaniards described it as “a mountain of silver”

The property covers 1,104 hectares, is easily accessible by road and has access to water and grid power.

Avino's current operation consists of the Avino and San Gonzalo Mines. The San Gonzalo Mine entered commercial production in October 2012 followed by the Avino Mine in April 2016. The two mines feed a conventional flotation mill that has 3 separate circuits and a capacity of 1,500 tonnes per day. Avino is also assessing the potential for processing the oxide tailings resource from previous milling operations (PEA issued in 2012) as well as exploring other known mineralized systems on the property.

Measured/indicated resources at Avino and Gonzalo are 27,516,489 silver equivalent ozs. (which 13,638,653 is silver). Inferred resources are 26,757,787 silver equivalent.

The company has 4 silver exploration projects in Mexico

Also 100% of the advanced Bralorne Mine in BC Canada that has seen small production since 2010.
From 1928 to 1971, the Bralorne and nearby Pioneer and King mines produced 4.15 million ounces of gold from 7.9 million tons of ore. Average head grades exceeded half-an-ounce per ton.

My main thesis for investing in Avino is a steady increase in production and a lowering of production costs, as you can see below from 2012 to today.

2012 2013 2014 2015 1st half 2016
Silver eq ozs. 253,450 895,240, 1,342,150 3,020,348 1,345,713

First half of 2016 was a little lower for mine maintenance, but growth should continue as the old Avino Mine just achieved commercial production in Q2 2016

There is also future tailings that could add an additional 1.4 million ounces of silver equivalent to Avino's consolidated annual production for a period of 5 years. The 2013 Preliminary Economic Assessment suggests that the operation could have an IRR and NPV of 54% and $38.6 million, respectively, using US$20.38 per ounce for silver and US$1,256 per ounce for gold

Avino has a text alert service for news and events about Avino. It is available to only Canadian mobile users at this time simply text Avino to 76000


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