Avino Silver and Gold's (TSXV:ASM) (NYSE MKT:ASM) David Wolfin, Jasman Yee and Malcom Davidson Interviewed by Silver-Investor.com's David Morgan - Video Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, June 24, 2013 - Silver-Investor.com's David Morgan
interviews Avino Silver and Gold's David Wolfin, Jasman Yee, and Malcom
Davidson. Avino Silver (TSXV:ASM) (NYSE MKT:ASM) is one of the industry's
purest silver producers and recently resumed production at its primary property
in the Durango region of North Central Mexico.
This video interview can be viewed at InvestmentPitch.com. If this link is not
enabled, please visit www.InvestmentPitch.com and enter "Avino" in the search
box.
The Avino Mine was founded by the Spaniards in 1558, and by the end of the 18th
Century was the largest open cut mine in the world. Avino acquired the project
in 1974 and produced silver, gold, copper and lead for 27 years, before ceasing
production in 2001 due to low metal prices.
Avino started commercial production at the San Gonzalo mine in October 2012 at
the rate of 250 tonnes per day. The operation generated revenues of $2,255,000
for the quarter ending December 31, 2012 and $3.5 million during the first
quarter of 2013. Cash cost per silver equivalent ounce during Q1 2013 was $14.74
with production totaling 191,107 ounces of silver equivalent.
In April 2013, the company opened a 2nd 250 tonne per day mill circuit, and
reported production of 14,023 ounces of silver equivalent during May. Feed for
the second circuit is currently being drawn from historic surface stockpiles
left from the previous operation meaning it is processed without incurring any
mining costs.
The company anticipates additional production by re-opening the main Avino Mine
during 2014 at the rate of 1,000 tonnes per day. Prior to the mines shut down in
2001, production averaged 1.7 million ounces of silver equivalent annually
during the final 3 full years of production. Avino is also continuing to examine
options to process a large tailings resource left from previous operations.
The oxide tailings resource contains an additional 6.7 million ounces of silver
in the inferred category and was the subject of a preliminary economic
assessment in 2012.
The company recently designed its own silver coin which can be purchased by
contacting the company directly.
For more information, please visit Avino's website at www.avino.com, phone
604-682-3701 or email ir(at)avino.com.
David Morgan is a widely recognized analyst in the precious metals industry and
consults for hedge funds, high net worth investors, mining companies,
depositories and bullion dealers. He is the publisher of The Morgan Report on
precious metals, author of "Get the Skinny on Silver Investing", and a featured
speaker at investment conferences in North America, Europe and Asia. For the
latest on silver, please visit www.silver-investor.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on significant news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1711666]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2013 - 17:44 Uhr
Sprache: Deutsch
News-ID 272610
Anzahl Zeichen: 4050
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 169 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Avino Silver and Gold's (TSXV:ASM) (NYSE MKT:ASM) David Wolfin, Jasman Yee and Malcom Davidson Interviewed by Silver-Investor.com's David Morgan - Video Posted on InvestmentPitch.com"
steht unter der journalistisch-redaktionellen Verantwortung von
InvestmentPitch (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
