`Avino Silver´(ASM.V) besser als `Mines Management´(MGN)? (Seite 141)
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Antwort auf Beitrag Nr.: 21.279.193 von max3000 am 21.04.06 22:01:19hier ist ja nichts mehr losssssssss
Owning a proven silver mine with clear blue sky potential at a time of record-setting metals prices puts Avino Silver & Gold Mines, Ltd. (TSX.V: ASM, OTC BB: ASGMF) -- www.avino.com -- in the enviable position to leverage the rising price of silver and soon earn significant revenues for investors.
Avino is not a newcomer on the mining sector stage. The company was formed 37 years ago and quickly began developing the Avino Mine in Mexico. From 1974 to 2001, the mine steadily produced silver ore from what is was described as “a mountain of silver” by Conquistadors in 1562.
As the metals, and, in particular, the silver and gold sectors started to rise in 2002, Avino management refocused its growth strategy on silver, building a substantial portfolio of exploration properties in Mexico and Canada’s Yukon Territory.
The company closed the Avino mine in 2001 due to low metal prices and is now investigating the possibility of reopening the mine. In 27 years of operation, the mine produced about 16 million troy ounces of silver, 100,000 troy ounces of gold, as well as copper, lead and zinc. There still remains untouched tailings containing a significant amount of ore – estimated at 6.15 million ounces of silver and 33,950 ounces of gold. At current values, the tailings are worth about $76-million.
Then there is the silver remaining in the mine itself, as well as the strong potential for further discoveries on the virtually undeveloped 2,718 acre property. Aside from “limited exploration”, much of the Avino property is unexplored. Assay samples taken from several outcrops show strong gold and silver values. The continuity of the showings suggest the presence of long veins, according to Wolfin.
A defining study conducted by mining giant Luismin S.A. de C.V in 1993 identified an historic resource of .049 oz/t gold, 4.55 oz/t silver and .77% copper. But because the company’s primary focus at the time was to mine the main deposit, no exploration programs were conducted.
“These numbers remain valid today and form the basis of our current exploration studies and mining plans,” says Avino President David Wolfin.
Avino Mine Produced Silver for Centuries
The Avino Mine has a long history, first opened in 1562 by the Spanish Conquistadors. The modern-day city of Durango was founded to service the mine operations. In the late 1800s, the mine was Mexico’s largest open pit operation. It was converted to an underground mine in the 1990s.
Modern operations began in 1974 through a partnership between Avino and Cia Minera Mexicana de Avino. How that partnership developed only adds more romance to the Avino story.
It seems Louis Wolfin, founder of the company, attended a Beverly Hills cocktail reception and overheard a Mexican guest talking about the `geology and mining history of his country. Intrigued, the company sent its own geologist to Mexico to pour through mining records dating back to the Mexican revolution.
“The Avino Mine is one of five projects my father found. As required by Mexican law, he partnered with a local company,” says Wolfin. “He funded building the first mill, mostly with used parts, and brought in Mexican geologists and engineers to run the operation. The mill started at 400 tonnes per day and increased to 1,100 tonnes per day by the time it closed.”
Until its closing in 2001 due to low metal prices, the mine produced 497 tons of silver, 3 tons of gold, and 11,000 tons of copper. Silver grades averaged between 3 and 7 ounces per ton. A study conducted in the 1960s showed the potential for up to 40 million tons at varying grades of mineralization along a 30-meter wide surface structure. From 1974-2001 approximately 7 million tons of ore was mined.
As the silver market strengthened in recent years, Avino began studying the feasibility of reopening the mine, as well as processing the tailings accumulated over the years. A positive report issued in 2003 by the independent company MineStart Management supported the “profitable resumption of _operations” and added an intriguing postscript:
“Prior prospecting and preliminary exploration has found encouraging mineralized outcrop and veins to the east and north of the mine, and this justifies detailed exploration.”
Avino, which historically owned 49% of the Avino Mine, has nearly completed its acquisition of the remaining 51% from the extended Mexican family which jointly operated the mine. When the acquisition is completed, Avino expects to control virtually 100% of the mine. Cia Minera will become a wholly-owned subsidiary of Avino.
The scoping study on the tailings indicate the oxide material from the past-producing open pit mine have a historical two-million ton resource assaying at 88 g/t silver and 0.48 g/t gold. There are also sulphide tailings from underground operations. Recoveries could range from 49% by flotation to 88% by cyanide leaching. The latter would require additional permitting.
During the coming year, Avino will drill underground to update the mine’s resource, a major step in its pending decision to restart operations.
Reopening the underground mine would not require new permitting, according to Wolfin.
Assuming a positive mining decision, operations can ramp up quickly. An extensive infrastructure is already in place, including roads, power, water and a nearby town with skilled workers. The previously operating mine plant and equipment will have to be refurbished and upgraded.
Exploration Potential at Other High-Grade Silver-Gold Properties
Avino has assembled an impressive portfolio of silver properties that further enhance the company’s potential for developing a significant silver resource:
The Eagle Property in the Yukon Territory in a high-grade prospect near the United Keno Hill silver camp.
The Olympic Property in British Columbia was drilled in 1988 and 2004. More drilling is planned to determine the extent of gold and silver mineralization.
The Aumax Property, also in a historic producing region of British Columbia, shows evidence of high-grade silver and gold in soil, rock and trench sampling programs.
Recent trenching at the Minto Property (part of Avino’s Olympic holdings) resulted in very high-value gold assays averaging 0.52 oz/t gold over nine meters. Individual trench assays ranged as high as 3.72 oz/t gold. The property is located in the Lillooet Mining Division of British Columbia and contain structures similar to those found at the Bralorne-Pioneer mines. These mines are the largest past-producers in the Canadian Cordillera (4.3 million ounces gold) and are being put back into production.
Well-Seasoned Management Team
Avino President David Wolfin has more than 20 years experience in mining and finance, primarily for the Resource Group of companies, helping them raise millions for exploration and operations.
Mr. Wolfin’s father, Louis Wolfin, still serves on the board of the company he founded in the late 1960s. In addition to acquiring the Avino Mine, he assembled key land packages in Nevada along the Battle Mountain-Eureka gold trend and directed development of the Bralorne-Pioneer Mine which reopened in 2004.
Other members of Avino’s highly skilled management team bring extensive expertise in mine development, finance and marketing to the company.
Investment Considerations
Avino is well financed and is debt free. With its recent listing on the Nasdaq OTC Bulletin Board and its trading on Canada’s TSX Venture Exchange and on Europe’s Frankfurt and Berlin markets, the company has significant access to the world’s major capital markets.
When the Avino Mine closed in 2001, silver was selling for about $3.40 an ounce and gold was at $270 an ounce – barely enough to break even on mine operations. Today, those numbers – and the potential profit picture – are quite different. Silver now is trading in the $9 range and gold is in the mid-$500s.
Wolfin says Avino can reopen the underground mine at a low estimated cost as much of the infrastructure is already in place. A pending engineering report will identify new drill targets aimed at building the mine resource. Once those results are in (expected sometime this spring), the company will consider funding a full scoping study and elevating the project to full feasibility. A decision on processing the tailings will be made during the summer.
“The Avino Mine and surrounding mineral leases continue to hold excellent silver potential,” says Wolfin. “In five years, I believe Avino Silver & Gold Mines will have a producing mine making a lot of money for our shareholders.”
http://www.theresourceinvestor.com/RI-FC/FC-archive/Avino.ht…
Avino is not a newcomer on the mining sector stage. The company was formed 37 years ago and quickly began developing the Avino Mine in Mexico. From 1974 to 2001, the mine steadily produced silver ore from what is was described as “a mountain of silver” by Conquistadors in 1562.
As the metals, and, in particular, the silver and gold sectors started to rise in 2002, Avino management refocused its growth strategy on silver, building a substantial portfolio of exploration properties in Mexico and Canada’s Yukon Territory.
The company closed the Avino mine in 2001 due to low metal prices and is now investigating the possibility of reopening the mine. In 27 years of operation, the mine produced about 16 million troy ounces of silver, 100,000 troy ounces of gold, as well as copper, lead and zinc. There still remains untouched tailings containing a significant amount of ore – estimated at 6.15 million ounces of silver and 33,950 ounces of gold. At current values, the tailings are worth about $76-million.
Then there is the silver remaining in the mine itself, as well as the strong potential for further discoveries on the virtually undeveloped 2,718 acre property. Aside from “limited exploration”, much of the Avino property is unexplored. Assay samples taken from several outcrops show strong gold and silver values. The continuity of the showings suggest the presence of long veins, according to Wolfin.
A defining study conducted by mining giant Luismin S.A. de C.V in 1993 identified an historic resource of .049 oz/t gold, 4.55 oz/t silver and .77% copper. But because the company’s primary focus at the time was to mine the main deposit, no exploration programs were conducted.
“These numbers remain valid today and form the basis of our current exploration studies and mining plans,” says Avino President David Wolfin.
Avino Mine Produced Silver for Centuries
The Avino Mine has a long history, first opened in 1562 by the Spanish Conquistadors. The modern-day city of Durango was founded to service the mine operations. In the late 1800s, the mine was Mexico’s largest open pit operation. It was converted to an underground mine in the 1990s.
Modern operations began in 1974 through a partnership between Avino and Cia Minera Mexicana de Avino. How that partnership developed only adds more romance to the Avino story.
It seems Louis Wolfin, founder of the company, attended a Beverly Hills cocktail reception and overheard a Mexican guest talking about the `geology and mining history of his country. Intrigued, the company sent its own geologist to Mexico to pour through mining records dating back to the Mexican revolution.
“The Avino Mine is one of five projects my father found. As required by Mexican law, he partnered with a local company,” says Wolfin. “He funded building the first mill, mostly with used parts, and brought in Mexican geologists and engineers to run the operation. The mill started at 400 tonnes per day and increased to 1,100 tonnes per day by the time it closed.”
Until its closing in 2001 due to low metal prices, the mine produced 497 tons of silver, 3 tons of gold, and 11,000 tons of copper. Silver grades averaged between 3 and 7 ounces per ton. A study conducted in the 1960s showed the potential for up to 40 million tons at varying grades of mineralization along a 30-meter wide surface structure. From 1974-2001 approximately 7 million tons of ore was mined.
As the silver market strengthened in recent years, Avino began studying the feasibility of reopening the mine, as well as processing the tailings accumulated over the years. A positive report issued in 2003 by the independent company MineStart Management supported the “profitable resumption of _operations” and added an intriguing postscript:
“Prior prospecting and preliminary exploration has found encouraging mineralized outcrop and veins to the east and north of the mine, and this justifies detailed exploration.”
Avino, which historically owned 49% of the Avino Mine, has nearly completed its acquisition of the remaining 51% from the extended Mexican family which jointly operated the mine. When the acquisition is completed, Avino expects to control virtually 100% of the mine. Cia Minera will become a wholly-owned subsidiary of Avino.
The scoping study on the tailings indicate the oxide material from the past-producing open pit mine have a historical two-million ton resource assaying at 88 g/t silver and 0.48 g/t gold. There are also sulphide tailings from underground operations. Recoveries could range from 49% by flotation to 88% by cyanide leaching. The latter would require additional permitting.
During the coming year, Avino will drill underground to update the mine’s resource, a major step in its pending decision to restart operations.
Reopening the underground mine would not require new permitting, according to Wolfin.
Assuming a positive mining decision, operations can ramp up quickly. An extensive infrastructure is already in place, including roads, power, water and a nearby town with skilled workers. The previously operating mine plant and equipment will have to be refurbished and upgraded.
Exploration Potential at Other High-Grade Silver-Gold Properties
Avino has assembled an impressive portfolio of silver properties that further enhance the company’s potential for developing a significant silver resource:
The Eagle Property in the Yukon Territory in a high-grade prospect near the United Keno Hill silver camp.
The Olympic Property in British Columbia was drilled in 1988 and 2004. More drilling is planned to determine the extent of gold and silver mineralization.
The Aumax Property, also in a historic producing region of British Columbia, shows evidence of high-grade silver and gold in soil, rock and trench sampling programs.
Recent trenching at the Minto Property (part of Avino’s Olympic holdings) resulted in very high-value gold assays averaging 0.52 oz/t gold over nine meters. Individual trench assays ranged as high as 3.72 oz/t gold. The property is located in the Lillooet Mining Division of British Columbia and contain structures similar to those found at the Bralorne-Pioneer mines. These mines are the largest past-producers in the Canadian Cordillera (4.3 million ounces gold) and are being put back into production.
Well-Seasoned Management Team
Avino President David Wolfin has more than 20 years experience in mining and finance, primarily for the Resource Group of companies, helping them raise millions for exploration and operations.
Mr. Wolfin’s father, Louis Wolfin, still serves on the board of the company he founded in the late 1960s. In addition to acquiring the Avino Mine, he assembled key land packages in Nevada along the Battle Mountain-Eureka gold trend and directed development of the Bralorne-Pioneer Mine which reopened in 2004.
Other members of Avino’s highly skilled management team bring extensive expertise in mine development, finance and marketing to the company.
Investment Considerations
Avino is well financed and is debt free. With its recent listing on the Nasdaq OTC Bulletin Board and its trading on Canada’s TSX Venture Exchange and on Europe’s Frankfurt and Berlin markets, the company has significant access to the world’s major capital markets.
When the Avino Mine closed in 2001, silver was selling for about $3.40 an ounce and gold was at $270 an ounce – barely enough to break even on mine operations. Today, those numbers – and the potential profit picture – are quite different. Silver now is trading in the $9 range and gold is in the mid-$500s.
Wolfin says Avino can reopen the underground mine at a low estimated cost as much of the infrastructure is already in place. A pending engineering report will identify new drill targets aimed at building the mine resource. Once those results are in (expected sometime this spring), the company will consider funding a full scoping study and elevating the project to full feasibility. A decision on processing the tailings will be made during the summer.
“The Avino Mine and surrounding mineral leases continue to hold excellent silver potential,” says Wolfin. “In five years, I believe Avino Silver & Gold Mines will have a producing mine making a lot of money for our shareholders.”
http://www.theresourceinvestor.com/RI-FC/FC-archive/Avino.ht…
Antwort auf Beitrag Nr.: 21.135.906 von max3000 am 09.04.06 14:39:23ein Glück, dass ich gestern nicht nur gehebeltes Papiersilber hatte.
Viele Scheine auch von meinen Freunden sind gestern entweder unberechtigterweise ausgeknockt worden oder der Kurs wurde aufgrund technischer Probleme ausgesetzt
was zur Folge hatte, dass Hebelprodukte wertlos wurden.
Heute lobe ich mir eine Aktie mit eingebautem Hebel und Handelsgarantie.
Angeblich soll Silber gestern in NY sogar ausgesetzt worden sein!
Was geschieht in diesem Falle mit den entsprechenden Hebelprodukten?
Jemand Erfahrungen?
Viele Scheine auch von meinen Freunden sind gestern entweder unberechtigterweise ausgeknockt worden oder der Kurs wurde aufgrund technischer Probleme ausgesetzt
was zur Folge hatte, dass Hebelprodukte wertlos wurden.
Heute lobe ich mir eine Aktie mit eingebautem Hebel und Handelsgarantie.
Angeblich soll Silber gestern in NY sogar ausgesetzt worden sein!
Was geschieht in diesem Falle mit den entsprechenden Hebelprodukten?
Jemand Erfahrungen?
***.goldseiten.de/content/firmen/artikel.php?storyid=2474&mid=48
Vancouver, den 07. April 2006: Avino Silver & Gold Mines Ltd. (TSXV: ASM, WKN: 862 191) freut sich mitteilen zu können, daß Wardrop Engineering Inc. (Wardrop) die Studie zur Aufarbeitung der Absetzbecken in Durango, Mexiko, abgeschlossen hat.
Die Studie kommt zu dem Schluß, daß das Zyanidverfahren mit Haufenauslaugung für die Abscheidung des Goldes und Silbers aus den Oxid-Tailings das geeignete Verfahren darstellt. Die Sulfid-Tailings bedürfen weiterer Proben und metallurgischer Tests bevor eine sicherer Aussage gemacht werden kann.
Die vorläufige Bewertung der Oxid-Tailings (Absetzbecken) schätzt die Kapitalkosten für eine 500.000 to pro Jahr verarbeitende, auf 4 Jahre Betriebszeit und operative Kosten von 8,64 $ je Tonne ausgelegte Operation auf 16,2 Mio. US $.
Eine Zusammenfassung der angenommenen Werte, Kapitalkosten, Betriebskosten und geschätzten Nettogewinne für die Oxid-Absetzbecken über 4 Jahre ist der nachfolgenden Tabelle zu entnehmen.
...geschätzter Nettogewinn bei 8$/os Silber und 500$/os Gold 31.423.128 $ !!!!!!!!! ....
In der Schätzung der Kapitalkosten ist eine 25%ige Sicherheitsmarge enthalten und die Schätzung basiert auch auf neuer Ausrüstung. Eine Reduzierung der Kosten kann durch gute gebrachte Anlagen erreicht werden.
Die bekanntgemachten enthaltenen Werte sind vorläufiger Natur und schließen abgeleitete Mineralressourcen mit ein, die als zu spekulativ angesehen werden, um sie als Mineralreserven auszuweisen. Es gibt keine Sicherheit, daß die vorläufige Beurteilung so umgesetzt wird.
Die Gestaltung des Haufenauslaugungsverfahrens in der Studie basierte einer Säulenprüfung, die von PRA an einer Reihe von Proben aus der unteren und mittleren Bank vorgenommen wurde. Im Oktober 2005 wurden die Proben gesammelt und in dem Bericht „A Tailings Resource“ von Minestart Management Inc. dokumentiert. Qualifizierte Person hierfür war Bryan Slim. Es konnte eine Ausbeute bei der Säulenprüfung von 73 bzw. 78,9% nach 81 Tagen erreicht werden.
Herr Rick Alexander, unabhängige qualifizierte Person nach NI 43-101, hat die Kostenschätzungen und die Koordinierung mit Wardrop am Tailings-Projekt durchgeführt.
Der volle Bericht kann auf der Webseite des Unternehmens www.avino.com eingesehen werden.
Vancouver, den 07. April 2006: Avino Silver & Gold Mines Ltd. (TSXV: ASM, WKN: 862 191) freut sich mitteilen zu können, daß Wardrop Engineering Inc. (Wardrop) die Studie zur Aufarbeitung der Absetzbecken in Durango, Mexiko, abgeschlossen hat.
Die Studie kommt zu dem Schluß, daß das Zyanidverfahren mit Haufenauslaugung für die Abscheidung des Goldes und Silbers aus den Oxid-Tailings das geeignete Verfahren darstellt. Die Sulfid-Tailings bedürfen weiterer Proben und metallurgischer Tests bevor eine sicherer Aussage gemacht werden kann.
Die vorläufige Bewertung der Oxid-Tailings (Absetzbecken) schätzt die Kapitalkosten für eine 500.000 to pro Jahr verarbeitende, auf 4 Jahre Betriebszeit und operative Kosten von 8,64 $ je Tonne ausgelegte Operation auf 16,2 Mio. US $.
Eine Zusammenfassung der angenommenen Werte, Kapitalkosten, Betriebskosten und geschätzten Nettogewinne für die Oxid-Absetzbecken über 4 Jahre ist der nachfolgenden Tabelle zu entnehmen.
...geschätzter Nettogewinn bei 8$/os Silber und 500$/os Gold 31.423.128 $ !!!!!!!!! ....
In der Schätzung der Kapitalkosten ist eine 25%ige Sicherheitsmarge enthalten und die Schätzung basiert auch auf neuer Ausrüstung. Eine Reduzierung der Kosten kann durch gute gebrachte Anlagen erreicht werden.
Die bekanntgemachten enthaltenen Werte sind vorläufiger Natur und schließen abgeleitete Mineralressourcen mit ein, die als zu spekulativ angesehen werden, um sie als Mineralreserven auszuweisen. Es gibt keine Sicherheit, daß die vorläufige Beurteilung so umgesetzt wird.
Die Gestaltung des Haufenauslaugungsverfahrens in der Studie basierte einer Säulenprüfung, die von PRA an einer Reihe von Proben aus der unteren und mittleren Bank vorgenommen wurde. Im Oktober 2005 wurden die Proben gesammelt und in dem Bericht „A Tailings Resource“ von Minestart Management Inc. dokumentiert. Qualifizierte Person hierfür war Bryan Slim. Es konnte eine Ausbeute bei der Säulenprüfung von 73 bzw. 78,9% nach 81 Tagen erreicht werden.
Herr Rick Alexander, unabhängige qualifizierte Person nach NI 43-101, hat die Kostenschätzungen und die Koordinierung mit Wardrop am Tailings-Projekt durchgeführt.
Der volle Bericht kann auf der Webseite des Unternehmens www.avino.com eingesehen werden.
Antwort auf Beitrag Nr.: 20.970.305 von hopy00 am 28.03.06 10:33:08Kupfer und Silber: Mines Management läuft und läuft!!!
Trading Spotlight
Avino Closes $10 Million Private Placement
3/21/2006
VANCOUVER, BRITISH COLUMBIA, Mar 21, 2006 (CCNMatthews via COMTEX) --
Avino Silver & Gold Mines Ltd. (the "Company") (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6) (FWB:GV6) announces that it has closed the non-brokered private placement of 5,000,000 units at a price of $2.00 per unit (the "Offering"), each unit consisting of one common share and one-half of a non-transferable share purchase warrant. Each whole warrant under the Offering will entitle the investor to purchase one additional share at a price of $2.50 until March 20, 2008.
The hold period for all securities issued under these private placements expire on July 21, 2006.
The Company paid a total of $778,795 cash as finder's fees.
The Company, founded in 1968, has established a long record of mining an exploration. The Company's focus is the acquisition and exploration of top silver prospects throughout North America, and it currently manages properties in western Canada and in central Mexico.
On Behalf of the Board
David Wolfin, President
SOURCE: Avino Silver & Gold Mines Ltd.
Avino Silver & Gold Mines Ltd. David Wolfin President (604) 682-3701 (604) 682-3600 (FAX) shares@avino.com www.avino.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
3/21/2006
VANCOUVER, BRITISH COLUMBIA, Mar 21, 2006 (CCNMatthews via COMTEX) --
Avino Silver & Gold Mines Ltd. (the "Company") (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6) (FWB:GV6) announces that it has closed the non-brokered private placement of 5,000,000 units at a price of $2.00 per unit (the "Offering"), each unit consisting of one common share and one-half of a non-transferable share purchase warrant. Each whole warrant under the Offering will entitle the investor to purchase one additional share at a price of $2.50 until March 20, 2008.
The hold period for all securities issued under these private placements expire on July 21, 2006.
The Company paid a total of $778,795 cash as finder's fees.
The Company, founded in 1968, has established a long record of mining an exploration. The Company's focus is the acquisition and exploration of top silver prospects throughout North America, and it currently manages properties in western Canada and in central Mexico.
On Behalf of the Board
David Wolfin, President
SOURCE: Avino Silver & Gold Mines Ltd.
Avino Silver & Gold Mines Ltd. David Wolfin President (604) 682-3701 (604) 682-3600 (FAX) shares@avino.com www.avino.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
Antwort auf Beitrag Nr.: 20.913.386 von Rainolaus am 22.03.06 19:30:34Seriöses Investment Mines Management kontinuierlich weiter aufwärts!!!
den Bericht von http://www.321gold.com/editorials/rakhimov/rakhimov102605.ht… fand ich auch interessant:
Avino Silver & Gold Mines (TSX.V-ASM)
Avino has been on our radar screen for a quite some time. It is one of the few companies with a history going back several decades and the same management team has navigated the company through boom and bust cycles for many years. In fact Avino, history reads like "who is who" of the silver world. In their day the great Paul Sarnoff and Jim Blanchard thought enough of Avino to invest in the company and recommend it to others (if interested contact David Wolfin at Avino for details of their forays). In January 24, 1994 issue of Barron`s Jim Dines featured Avino`s stock chart along with his interview. Bob Bishop of GMSR has followed Avino since 1988.
So what was it all about? The company has other properties, but it was mostly about its namesake Avino Silver & Gold Mine in Durango, Mexico. Over 27 years of operation the mine produced 16 million ounces of silver and was shut down due to low silver prices in 2001. In the last year of operation the mine produced 1 million ounces of silver and close to 1 million ounces of silver equivalent in gold and copper credits. What has changed since? A lot.
For starters, silver, gold and copper prices have gone up with copper just making a new all-time high so the main reason the mine was shut down is no longer there. More importantly, the company just received approval to acquire remaining 51% stake in the Avino project that it didn`t already have and consolidate full ownership of the property by issuing up to 4 million shares of Avino. This is very important for the company as it opens up many exciting opportunities.
There are three categories of assets on the property:
1. Tailings from prior production.
2. The underground mine.
3. 11,000 hectares of highly prospective land around the mine, of which no one inch has been explored by modern exploration methods.
At this point the company is looking at the tailings project as the fastest way to generate cash. It bears noting that this is one of the old "Spanish" mines that has been discovered back in the 1500s and mined in some way, shape and form ever since. Recovery grades in those days tended to average out at about 35% and based on prior estimates there are some 6,000,000 ounces of silver and 35,000 ounces of gold in those tailing. To confirm these numbers a feasibility study is under way that should be completed in November, 2005.
If proven correct, the company could start processing tailings by the end of 2006. The total value of tailings material is about US $50 MM and it will only take 3-5 MM $US of upfront capital expenses. Not big numbers by themselves but they will allow the company to become profitable and develop its other assets on this and other properties.
Early in 2003, Avino commissioned MineStart Management to examine the existing ore base, the feasibility of re-opening the mine and also the feasibility of processing the large tailings reserve. In a report dated April, 2003, MineStart concluded that enough exploration potential exists at the property to "develop a reserve inventory to support a profitable resumption of operations. Prior prospecting and preliminary exploration has found encouraging mineralized outcrop and veins to the east and north of the mine, and this justifies detailed exploration."
Long awaited consolidation of ownership of the Avino Mine makes the company an attractive takeover target. Larger companies, including Hecla Mining (NYSE: HL) which has its San Sebastian silver mine in the area, have already been circling Avino.
Avino Silver & Gold Mines (TSX.V-ASM)
Avino has been on our radar screen for a quite some time. It is one of the few companies with a history going back several decades and the same management team has navigated the company through boom and bust cycles for many years. In fact Avino, history reads like "who is who" of the silver world. In their day the great Paul Sarnoff and Jim Blanchard thought enough of Avino to invest in the company and recommend it to others (if interested contact David Wolfin at Avino for details of their forays). In January 24, 1994 issue of Barron`s Jim Dines featured Avino`s stock chart along with his interview. Bob Bishop of GMSR has followed Avino since 1988.
So what was it all about? The company has other properties, but it was mostly about its namesake Avino Silver & Gold Mine in Durango, Mexico. Over 27 years of operation the mine produced 16 million ounces of silver and was shut down due to low silver prices in 2001. In the last year of operation the mine produced 1 million ounces of silver and close to 1 million ounces of silver equivalent in gold and copper credits. What has changed since? A lot.
For starters, silver, gold and copper prices have gone up with copper just making a new all-time high so the main reason the mine was shut down is no longer there. More importantly, the company just received approval to acquire remaining 51% stake in the Avino project that it didn`t already have and consolidate full ownership of the property by issuing up to 4 million shares of Avino. This is very important for the company as it opens up many exciting opportunities.
There are three categories of assets on the property:
1. Tailings from prior production.
2. The underground mine.
3. 11,000 hectares of highly prospective land around the mine, of which no one inch has been explored by modern exploration methods.
At this point the company is looking at the tailings project as the fastest way to generate cash. It bears noting that this is one of the old "Spanish" mines that has been discovered back in the 1500s and mined in some way, shape and form ever since. Recovery grades in those days tended to average out at about 35% and based on prior estimates there are some 6,000,000 ounces of silver and 35,000 ounces of gold in those tailing. To confirm these numbers a feasibility study is under way that should be completed in November, 2005.
If proven correct, the company could start processing tailings by the end of 2006. The total value of tailings material is about US $50 MM and it will only take 3-5 MM $US of upfront capital expenses. Not big numbers by themselves but they will allow the company to become profitable and develop its other assets on this and other properties.
Early in 2003, Avino commissioned MineStart Management to examine the existing ore base, the feasibility of re-opening the mine and also the feasibility of processing the large tailings reserve. In a report dated April, 2003, MineStart concluded that enough exploration potential exists at the property to "develop a reserve inventory to support a profitable resumption of operations. Prior prospecting and preliminary exploration has found encouraging mineralized outcrop and veins to the east and north of the mine, and this justifies detailed exploration."
Long awaited consolidation of ownership of the Avino Mine makes the company an attractive takeover target. Larger companies, including Hecla Mining (NYSE: HL) which has its San Sebastian silver mine in the area, have already been circling Avino.
hm... knapp 12Mio issued entspricht einer MK von knapp 35Mio CAD. Nachdem was ich heute alles so gelesen hatte, habe ich mit 2500St. eine erste Position aufgebaut.
Wieviele Aktien (fully dilluted) gibt es von ASM?
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