`Avino Silver´(ASM.V) besser als `Mines Management´(MGN)? (Seite 85)

[Fantomas96]

In Peter Zihlmann's neuem Silber-Produzenten Report wird auch Avino Silver&Gold besprochen :

http://www.321gold.com/editorials/zihlmann/zihlmann031513.pd…


FANTOMAS

[Fantomas96]

http://www.juniorminingnetwork.com/junior-miner-news/news-re…


Avino February Production Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2013) - Avino Silver and Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(BERLIN:GV6)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to announce the following February 2013 production results from its San Gonzalo mine operation located on the Avino property near Durango, Mexico.

Production numbers from the past five months, as well as 2013 yearly totals are reported as follows:

Oct
2012 Nov
2012 Dec
2012 Jan
2013 Feb
2013 Monthly
Change
% YTD SG
Total Mill Feed (dry tonnes) 6,647 6,528 6,364 6,392 6,418 0.4 12,810
Average Daily Throughput (tpd) 214 218 235 228 229 0.4 229*
Days of Operation 31 30 27 28 28 0.0 56
Feed Grade Silver (g/t) 233 256 287 315 306 (2.9) 311*
Feed Grade Gold (g/t) 0.93 0.99 1.19 1.27 1.19 (6.5) 1.23*
Bulk Concentrate (dry tonnes) 180 177 181 197 166 (15.7) 363
Bulk Concentrate Grade Silver (kg/t) 7.04 7.37 7.90 8.32 9.43 13.3 8.83*
Bulk Concentrate Grade Gold (g/t) 25.0 25.4 28.6 29.1 30.4 4.4 29.7*
Recovery Silver (%) 82 78 78 81 80 (1.2) 80*
Recovery Gold (%) 72 69 68 70 66 (5.7) 68*
Mill Availability (%) 97.2 98.1 87.9 91.1 99.0 8.7 94.9*
Total Silver Produced (kg) 1,265 1,302 1,433 1,638 1,565 (4.5) 3,203
Total Gold Produced (g) 4,489 4,487 5,185 5,722 5,036 12.0 10,758
Total Silver Produced (oz) calculated 40,671 41,870 46,066 52,779 50,315 (4.5) 103,094
Total Gold Produced (oz) calculated 144 144 167 184 162 (12.0) 346
Total Silver Equivalent Produced (oz) 47,888 49,083 54,401 62,781 59,228 (5.7) 122,008
*2013 year to date average
Silver equivalent for January and February were calculated using a 55:1 ratio for silver to gold. For the months of October, November and December, a 50:1 ratio was used in the calculation. (The ratio was changed to reflect more current gold and silver prices.) Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Year-to-date and calculated figures may not add up due to rounding.
February Highlights

Grade of concentrate produced was higher in February than January resulting in fewer tonnes of concentrate.
Silver and gold production decreased slightly compared to January due to lower silver and gold feed grades and gold recovery.
Tonnes processed were essentially the same as in January.
A scheduled down day was deferred until March, resulting in 28 operating days for February.
Silver recovery was similar to January but the gold recovery was 4% lower. The lower recovery could be the result of producing a higher grade concentrate (higher concentrate grades typically result in lower recoveries)
During the month, 10 truckloads of concentrate weighing 337.435 dry tonnes were shipped and sold.
Quality Assurance/Quality Control

Mill assays are performed at the lab onsite at the mine. Check samples are verified by SGS laboratory Services in Durango, Mexico. Concentrate shipments are assayed at AH Knight in Manzanillo, Mexico.

Qualified Person(s)

Avino's projects are under the supervision of Chris Sampson, P.Eng, BSc, ARSM Avino Consultant and Mr. Jasman Yee P.Eng, Avino director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.

About Avino

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.

Avino's key goal is to become a significant low-cost primary silver producer with specific objectives to: 1) expand resources and reserves, 2) increase the mine's output, and 3) identify, explore and develop new targets on the property.

ON BEHALF OF THE BOARD

David Wolfin, President & CEO




FANTOMAS

[tpnl]

Ein neues Interview mit Charles Daley (ca. 3 Minuten - nicht wirklich etwas Neues):

http://www.youtube.com/watch?v=wkfW2NhyWG4

[tpnl]

News:

AVINO REPORTS ON MINE EXPANSION PLANS, NOW TARGETING 1,500 TPD MILL CAPACITY, UPDATES MINE DEVELOPMENT AND NEW RESOURCE ESTIMATE

Avino Silver and Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE - MKT; “Avino” or “the Company”) reports that upgrading and expansion of its San Gonzalo mine (“SG”) on the Avino property near Durango, Mexico continues to progress rapidly. At San Gonzalo, activities in February were centered on underground development and mining as well as delivering new underground mining equipment. At the main Avino Mine (“ET”), efforts have been focused on water treatment and de-watering to allow access to lower levels for exploration and development.

At the processing plant, crews have been working to expand the primary crushing circuit to operate at 1,500 tonnes per day (“tpd”) and feed three separate recovery circuits:

Circuit # Throughput (tpd) Source of Mill feed Online Date
1 250 San Gonzalo Now Online
2 250 Avino Surface Stockpiles, SG, ET Q2 2013
3 1,000 Avino Mine Q1 2014

A new 250 tpd circuit (“Circuit 2”) that has been paid for with cash generated from the sale of San Gonzalo concentrate will initially be used to process remaining historic aboveground stockpiles left from past mining of the main Avino Vein. The Company expects the stockpiles will provide enough mill feed for approximately seven months of operations. During the third quarter of 2012, Circuit 1 (250 tpd) produced 50,074 ounces of silver equivalent (calculated) from the same stock piles, Avino expects output will be similar from Circuit 2 once it’s activated in Q2 of this year. After the historic stockpiles have been depleted, the new circuit will have the ability to process additional mill feed from the San Gonzalo and Avino Mines as they are developed at depth.

Circuit 1 will continue to process high-grade mill feed from the San Gonzalo Mine. Production numbers are reported monthly and are summarized to date in the news release dated February 12, 2013.

Circuit 3 is scheduled to begin processing new material from the main Avino Mine in Q1 2014. In the final full year of production prior to shut down in 2001, Circuit 3 produced 1,733,565 ounces of silver equivalent (calculated) at the processing rate of 1,000 tpd.

The following is a summary of ongoing work in February:

San Gonzalo Mine
• The three new pieces of equipment purchased through the Caterpillar credit facility are on site and training has begun. The new jumbo and scoop tram have been used at San Gonzalo in the ramp from level 4 to level 5. As of February 27th, the level 5 elevation had been reached, a cross cut to the vein is being driven with about 5 metres remaining before the vein is intersected. Training for the new loader included loading two concentrate trucks scheduled for delivery to Manzanillo. Eventually, the new scoop tram and jumbo will be used in the main Avino mine once sufficient dewatering has occurred.
• Maqsa-Caterpillar (“MC”) has installed GPS transmitters on new surface machinery to track performance remotely. MC will provide monthly reports to identify inefficiencies that could affect equipment performance.
• Two new ore passes were installed on Level 4. One pass services the cut and fill stope to the west. The other pass services stopes to the east. The installation of these passes will reduce haulage time by the scoops.
• Haulage of waste material to the surface waste pile has been kept to a minimum with waste being used as fill underground in the cut and fill stope on level 4 and other mined areas deemed necessary for support.
Avino Mine
• The Avino Mine is now dewatered down to level 7.5 from 5. The ramp is in good condition. Rehabilitation work can now begin in the few areas affected by sloughing and falling rock.
• Mexican authorities have granted permission to the Company to begin de-watering the mine without requiring a formal permit. Avino is required to submit quarterly reports logging the chemical content of the water being pumped from the underground workings. Dewatering is expected to reach the bottom of the flooded area (level 11) within 6 to 8 months.
• A second pump was added to speed up dewatering efforts and 2 spare pumps are on standby should they be required.
• Pilot testing of the water treatment plant has been ongoing for the past month with daily analysis of the feed and treated water performed at the mine lab. Results to date indicate the discharge is meeting agricultural guideline limits. Government inspectors visited the facilities and requested the mercury analysis to be rechecked at another laboratory.
• Work to bring Circuit 2 online is nearing completion. A reconditioned 41/4 ft short head cone crusher has been ordered and is expected to arrive in the second week of March. A 20ft thickener tank is now in place awaiting the installation of the mechanism.
• Initially, Circuit 2 will be powered by a diesel generator. This generator will serve as the backup power supply once CFE completes the power upgrade work to the mill.
New NI 43-101 Compliant Resource Estimate
Ongoing investment in new technology is a key element in Avino’s expansion objectives. “We are committed to obtaining the latest and most advanced technologies,” said Avino’s President and CEO David Wolfin. “Not only are we increasing output, we are focused on improving efficiencies, reducing costs and extending the life of each piece of equipment.”

Commitment to Technology Investment
Ongoing investment in new technology is a key element in Avino’s expansion objectives. “We are committed to obtaining the latest and most advanced technologies,” said Mr. Wolfin. “Not only are we increasing output, we are focused on improving efficiencies, reducing costs and extending the life of each piece of equipment.”

Improving Exploration Abilities
Toward this commitment, the company has purchased Gemcom 3D software and plans to import a new digital database now being compiled by Tetra Tech and scheduled for completion by end of March. This new software will allow geologists to compile significant raw data—including 80 Kilometres of IP (Induced Polarization) Geophysics, 1500 soil samples, topography, drill hole data and satellite imagery. Using this technology, management anticipates finding new significant drill targets. The company owns two drill rigs (one surface and one underground) and plans to drill these new targets once the 3D model is completed.

Line of Credit with Nissan Mexico
Avino is also working to complete a $2M MXN (approximate) credit line with Nissan Mexico to increase the diesel trucks fleet for both underground mines. The fleet will include two or three additional diesel trucks to expedite movement of personnel, parts and equipment to deeper levels of both the San Gonzalo and ET mines.

About Avino
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.

Avino’s key goal is to become a significant low-cost primary silver producer with specific objectives to: 1) expand resources and reserves, 2) increase the mine’s output, and 3) identify, explore and develop new targets on the property.


On Behalf of the Board

“David Wolfin”

[tpnl]

Ein Interview mit David Wolfin (ca. 8 Minuten):

http://www.youtube.com/watch?v=o1fwXkY69Qo

[Fantomas96]

Zitat von tntxrxwelle: Ich wollte erst noch eine Einschränkung für Silber formulieren, aber habe es dann gelassen, weil der Sachverhalt ohnehin klar ist. Nahezu jede "verbrauchte" Unze Silber ließe sich wahrscheinlich theoretisch recyclen...ist nur eine Preisfrage.

Exakt !

Wenn Silber bei $ 200 pro Unze steht, würde sich das wahrscheinlich lohnen.

Dann allerdings hätten wir bei Silberproduzenten (und -explorern) wahrscheinlich auch ganz andere Bewertungen (und wahrscheinlich auch bei Gold wegen einer Korrelation).

Und ich betrachte Avino primär als Silberproduzenten, daher halte ich Deine vorherige Aussage hier für irrelevant !

FANTOMAS

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.176.483 von Fantomas96 am 22.02.13 21:46:06

Ich wollte erst noch eine Einschränkung für Silber formulieren, aber habe es dann gelassen, weil der Sachverhalt ohnehin klar ist. Nahezu jede "verbrauchte" Unze Silber ließe sich wahrscheinlich theoretisch recyclen...ist nur eine Preisfrage.

[Fantomas96]

Antwort auf Beitrag Nr.: 44.176.237 von tntxrxwelle am 22.02.13 20:31:00

Von Silber wird nichts verbraucht ? "Eigene Inflation"?

Na ja !!!

http://www.silverinstitute.org/site/supply-demand/

FANTOMAS

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.175.998 von Fantomas96 am 22.02.13 19:34:11

Der Inflationsvergleich von dem Typen hinkt natürlich mindestens an einer Stelle: Gold und Silber haben eine eigene Inflation, weil immer mehr davon gefördert wird, aber quasi nichts verbraucht. Bei einem Goldpreis -ich spinne jetzt mal- von 10.000 $ fangen die an, open pit 0,1 g/t abzubauen usw..

Ein tauglicherer Vergleich wäre Erdöl...was weg ist, ist weg und da wird es garantiert irgendwann eine Blase mit sky's the limit geben.

[Fantomas96]

“Just Be Your Own Central Bank”

http://dollarcollapse.com/precious-metals/just-be-your-own-c…

The past year has tested the worldview, and sometimes the sanity, of precious metals investors. But it has also given us another chance to load up at what might turn out to be dirt-cheap prices, says Carsten Ringler, managing director of German financial firm TASS Wertpapierhandelsbank GmbH. Here’s an excerpt from a long conversation we had this week, in which he laid out the reasons for optimism about precious metals in general and the junior silver miners in particular.

DollarCollapse: Good afternoon Carsten, it’s great to finally speak with you. Let’s begin with your general take on the major asset classes.

Carsten Ringler: It is nonsense to be in long-term government bonds at the moment. A 1% – 2% rise in interest rates would kill you in 10-year Treasuries. Gold and silver on the other hand are money, and as long as the [paper] money supply is increasing at today’s rate, precious metals are the place to be. There might be another leg down, but it will be short and mild. I am confident that within in the next 2-3 years we’ll see a breakout in precious meals that leads to a mania similar to the past few bubbles.

One way to understand how cheap precious metals are in paper money terms is to go to the Minneapolis Fed’s website and use their inflation basket calculator. You can put in the price of a good on a date in the past, and the machine calculates the inflation-adjusted price from then to now. For gold, starting in 1980 when it was $850, today’s inflation-adjusted price is $2,400. So when anyone says gold is too expensive because it has risen the past ten years, you can respond that according to the Minneapolis Fed $2,413 is where it would be if it had just kept up with inflation. For silver, start with the 1980 $49.45 high and you get an inflation-adjusted price of $139.

I also calculate ratios for more than 40 different interest rates, equity indices, real estate prices and other commodities. And those results are just as encouraging. For example, in 1980 you could buy the Dow Jones Industrial Average for 17.5 ounces of silver. Today you need 451 ounces. If the Dow remains stable at 14,000 and the Dow/Silver ratio returns to its all-time low of 17.5 ounces, silver would be $802. One ounce of gold would have bought the Dow back then and today you need more than eight. So either the Dow is overvalued to silver and gold, or silver and gold are undervalued compared to the Dow.

There are 1,226 billionaires in the world. If just a few of them shifted a few percent of their assets into gold and silver it would cause a massive run on those metals. This will be a shift that will be written about in history books. They’ll ask how we could have been so stupid to trust fiat currencies. Gold and silver are not going up in value, currencies are losing purchasing power against them. Therefore holding precious metals will help to store wealth and give protection against rising inflation in the future.

Based on all of the above, my minimum price targets are $150 for silver and $4,000 for gold within the next five years.

DC: You recently launched a fund that invests in junior miners and strategic metals. Why this combination, and why now?

CR: The second biggest part of the fund’s capital is allocated in mining companies with a focus on strategic metals like tungsten, cobalt and graphite that are used in a variety of electronic devices. Most of these metals aren’t traded on futures markets and so aren’t easy to manipulate. China is one of biggest suppliers, so I like companies with deposits in North America, especially in Canada where the product fabricators need new supply.

The other 60% of the fund is in precious metals miners, mostly silver, with 60% producers and 40% advanced developers. Right now the mining industry is weak for a variety of reasons. Production costs are rising faster than metal prices, and there are growing issues with nationalization risk, capex overruns and construction problems. The gold mining stock indexes, as a result, are falling like stones. If someone asks me whether they should buy bullion or stocks, I’m definitely a strong believer in bullion as the core of one’s holdings. But if you pick ten interesting companies with nice production numbers and growth prospects and reasonable costs, there’s also a good possibility that going forward they will outperform just about everything else. There are many bargains for counter-cyclical investors in these days.

DC: What are your favorite companies?

CR: Aurcana (AUN.V), our biggest position, offers extremely nice leverage to the silver price. They operate a mine in Mexico that produced 2.5 million silver equivalent ounces last year. They began commercial production at a mine in Texas in December, and when its mill is running at full capacity we’ll see another 3.8 million ounces of silver each year. This could be a 6 million ounce producer in 2014 and with a small investment to optimize two mills it could easily be a 9-10 million ounce producer in 2015. It’s fully funded and has a small $380 million market cap. Compared to other producers of similar scale like Endeavour Silver (EDR.T), it’s really undervalued. It could be the next First Majestic (AG), getting organic growth from one mine while expanding others.

My second and third biggest positions are in Santa Cruz Silver (SCZ.V) and Avino Silver and Gold (ASM.V). Both have extremely good management. Santa Cruz is constructing its first of three mines in Mexico. They plan to be in commercial production in Q1 2013. Everything is commissioned and ready to go. It could be a 5 million ounce producer in 2016 if everything goes according to plan. I was one of the first institutional investors in this stock last summer when it was $0.86 a share. Since then it has risen as high as $2.50, but is still extremely cheap compared to better-established juniors like Fortuna Silver (FVI.T).

Avino is already producing between 50,000 and 60,000 ounces of silver equivalent per month, with nice grades and recoveries, and they’re expanding their mill from 250 tpd to 1,250 tpd. It could be a 2 million ounce producer in 2014 and its market cap is only $44 million.

In this market even quality juniors are undervalued based on ounces in the ground. I hope to locate them before they’re found by the rest of the investment community. There are no guarantees, but if you’re a big believer in silver now is a great time to accumulate these stocks.

But we have to be patient. We have to accumulate precious metals over time. I tell clients who buy physical precious metals through our company to be cautious with paper money receivables like life insurance. Just be your own central bank by owning gold and silver. In this kind of environment nothing is certain so you have to diversify in real assets. An abrupt loss of confidence in global currencies could come anytime in the next few years.


FANTOMAS