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Experts Commenting on This Company
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Avino Silver & Gold Mines Ltd.TICKER: ASM:TSX.V; ASM:NYSE.A; GV6:FSEAvino Silver & Gold Mines Ltd. has resumed the production of silver, gold and base metals at the historic Avino Mine in Durango, Mexico. A bulk sample was completed on the high-grade San Gonazlo zone in Q111, confirming grades and recoveries. A large drill program to increase resources and production output is underway in 2011. The company is debt free and expects immediate positive cash flow. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Ron Struthers, Struthers Resource Stock Report (12/29/11) "With regard to the mine development work at San Gonzalo, Avino Silver & Gold Mines Ltd. is pleased to report the ramp to level three has been reached and work on the crosscut to the vein is currently in progress; work on the ramp to level four will continue as well. Everything is progressing well with the company and cash flows, revenues and profits will continue to increase with bulk sample sales and the onset of steady production."
The Gold Report Interview with Ron Struthers
(11/18/11)
"Avino Silver & Gold Mines Ltd. is one of my favorite silver juniors. It is just starting production. There is typically a boost in stock price when production starts because the company is moving into a phase of cash flow from a long period of no cash flow. I like it for that reason, but it's also undervalued as well.
In addition to starting production, I like a company that can increase that production and reserves. Avino Silver & Gold can easily do that at the Avino Mine. The zones at both Guadalupe and San Gonzalo are still open, so they can be expanded along strike and depth. A lot of the other zones on the property have not been drilled that much, so there's room for expansion on practically all the zones there, including the original Avino vein still open at depth. . .we can expect a very profitable mine operation."
The Gold Report Interview with "Mexico Mike" Kachanovsky (9/28/11) "One near-termer that I like is Avino Silver & Gold Mines Ltd. in Mexico. The company has been active on this project for 20 years. It was in production in the 1990s. The company just got this thing going again in the last year and it is making money. It plans to expand capacity and continue with production. Avino has strong management, a very strong balance sheet, a good resource, current infrastructure in place, it's profitable, and it provides investors with full leverage to gold, silver and base metals. It's a good near-term emerging producer that I can put into my portfolio, hold for a year or two, and probably see the stock rise substantially." More >
John McClintock, Mackie Research (5/6/11) "Avino Silver & Gold Mines Ltd.'s property covers 1,310 ha. with nine defined veins. . .to date, the company has defined a global resource of 14.7 Moz. Ag and 150 Koz. Au. . .there are two drill rigs on site focused on extending the strike length of the San Gonzalo vein to the southeast, which has extended the San Gonzalo structure 200m, with additional assays pending. The company announced completion of underground development work for the bulk sample at San Gonzalo and expects to complete the extraction of a 10 Kt. bulk sample in early Q211 to confirm the San Gonzalo resource, metallurgy and smelter returns."
Siddarth Rajeev, Fundamental Research Corp. (5/3/11) "Avino Silver & Gold Mines Ltd. finished the rehabilitation of the mill at the Avino mine and successfully processed the previous ore pile for testing. . .the average silver feed grade in the first half of February was 329 g/t, which is in line with the 332 g/t silver calculated in the 2009 Inferred resource estimate. Full scale commercial production at the San Gonzalo vein will commence upon a positive economic assessment and the results are expected in a month. . .the company is in a strong cash position with about $8M ($0.30 per share) in the treasury."
(1/19/12) ASM: San Gonzalo Update |
(12/20/11) ASM News Alert |
(12/15/11) ASM: CEO David Wolfin on SNNLive |
(8/11/11) ASM Interview with David Morgan |