17:29:40 EDT Fri 26 Apr 2024
Enter Symbol
or Name
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CA



Avino Silver & Gold Mines Ltd
Symbol ASM
Shares Issued 35,269,942
Close 2014-11-21 C$ 1.72
Market Cap C$ 60,664,300
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Lundin says buy Avino Silver & Gold

2014-11-21 21:25 ET - In the News

Brien Lundin, in the November, 2014, edition of the Gold Newsletter, says buy Avino Silver & Gold Mines Ltd., recently $1.33. Mr. Lundin said buy Avino in October, 2013, at $1.25, and in April, 2014, at $1.92. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,755. Avino now has a 100-per-cent interest in the Bralorne gold mine in British Columbia following the recent acquisition of Bralorne Gold Mines Ltd. The newsletter editor says because the area has a history of hosting high-grade, vein-hosted mineralization, relatively little systematic exploration work had taken place beyond the known veins. Bralorne slightly rectified that situation by conducting diamond drilling to the area and producing a small, National Instrument 43-101-compliant resource. The mine is now a small-scale producer and remains amenable to expansion through exploration. Mr. Lundin says the addition of Bralorne gives geographic diversity to Avino's Mexico-focused operations. He says the purchase of the mine fits well with the company's small, but extremely scalable production model. He concludes the stock is attractively priced and remains a buy.

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