Avino Mentioned in "The Gold Report"
Avino Silver & Gold Mines Ltd.
V.ASM: TSX-V
Avino Mentioned in "The Gold Report"
Exerpt taken from an interview with "Mexico Mike: Kachanovsky titled "Gold and Silver Producers Due for Big Upside" please click here to view the whole report:"
TGR: Any other near-termers?
MK: One that I like is Avino Silver & Gold Mines Ltd. (ASM:TSX.V; SGMF:OTCBB) 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. But there may be ups and downs and swings of sentiment that are going to be a test of commitment along the way.
Founded in 1968, Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the community in which we operate.
Our primary goal is to build a multi-million ounce-per-year silver producer. Our specific objectives are to achieve full time commercial production as soon as possible, expand resources, reserves and the mines output as well as to identify, explore and develop new targets on the property.
Avino remains in a good financial position; is debt free and well-funded to continue its development plans.
ON BEHALF OF THE BOARD
"David Wolfin"
David Wolfin, President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
