An exclusive look at Avino Silver and Gold Mines
Exclusive coverage from the New Orleans Investment Conference. Cory Fleck attended the show again this year and sat down with a number of Keynote speakers and exhibiting companies.
In this interview Cory sat down with David Wolfin, President and CEO of Avino Silver and Gold Mines (TSX.V:ASM & NYSE:ASM). Last year at this show Cory and David provided an intro to Avino which is currently mining in Mexico. An update is provided on the mining so far this year as well as some more information on the agreement in place with Samsung.
Click download link to listen on this device: Download Show
As always we love to hear what you all think of the companies and speakers we bring on the show. Please email Cory directly at Fleck[at]kereport.com if you have any further questions and comments.
Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE) has revised the release date of its Third Quarter 2016 financial results. The results will now be released after the market closes on Tuesday, November 8, 2016.
In addition, the Company has revised the date of the financial results conference call to Wednesday, November 9, 2016 at 8:00 am Pacific Standard Time (11:00 a.m. Eastern Standard Time).
Avino Files new Resource Estimate for Bralorne Gold Project on Sedar
“Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE) is pleased to announce it has filed an updated NI 43-101 resource estimate on the Bralorne Gold Property located near Gold Bridge, British Columbia on the SEDAR system….”
Avino Silver & Gold – Investor Handbook:
I made 21 and 17% profit on this stock this year. Good company.
Avino Reports Q3 2016 Financial Results
November 08, 2016
THIRD QUARTER 2016 HIGHLIGHTS
– Generated revenues of $13.2 million from the sale concentrates, a 163% increase from the third quarter of 2015
– Mine operating income of $6 million, a 172% increase compared to the third quarter of 2015
– Total equity of over $68 million, a 32% increase compared to the third quarter of 2015
– Net income after taxes of $1.2 million
– Produced 649,831 silver equivalent ounces¹, including 410,908 ounces of silver, 1,813 ounces of gold and 1,045,091 pounds of copper
– Consolidated all-in sustaining cost (“AISC”) was $13.83 (US$10.60) per payable silver equivalent ounce, a 15% increase compared to $11.99 or (US$9.16) per ounce in the third quarter of 2015
– Average realized selling prices for silver and gold were US$19.49 and US$1,328 per ounce respectively
– Cash and cash equivalents of $15 million were on hand at the end of the quarter
“We are pleased with the Company’s Q3 results, especially the improvements in revenues, operating income and net income. We continue to fine tune operations at both the San Gonzalo and Avino Mines, which we expect will result in production and recovery improvements in upcoming quarters. I’m most grateful for our team’s ongoing efforts towards more efficient operations, and I thank them for their support and dedication. Other key achievements for the quarter, included the start of construction for a new tailings storage facility in Mexico, new resource estimates for both the Avino and Bralorne properties, as well as commencing a new exploration drilling project at the Avino mine; this program aligns directly with our brownfield exploration initiatives and objectives.”
– David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd
Cory, thanks for having David on the KER to give us and Avino update. Much appreciated!