Showing posts sorted by relevance for query avino gold and silver. Sort by date Show all posts
Showing posts sorted by relevance for query avino gold and silver. Sort by date Show all posts

Wednesday, October 13, 2010

Silver in Mexico: Avino starts bulk sampling program at San Gonzalo ASM.v, FVI.to, EPZ.v, KTN.v, KS.v, MGN, RVM.to, TNR.v, GRC.to, GBN.v, NGQ.to, SGC.v, AMM.to, GG, BVN, SSRI, SLW, SLV




   The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company.

  "Gold will be go much higher from here, it will not be the straight line, but every set back will provide an investment opportunity in Gold and Silver space. We will share with our thoughts and companies we like and you will be cautioned to make your own DD as usual.
  Next stage will be fight for the resources and M&A activity at all stages of investing in Gold mining cycle. With rising Gold price and inflated paper Majors will shop for juniors to buy time and gold in the ground. Jim Puplava will be a very good narrator to all our travel maps and reports about our journey. With rising gold, price price of physical gold will become even more prohibitive, we do agree with Jim that people will start to buy gold mining shares again with their easy to run discount brokerage accounts".
 
     "We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program."

 




2010-10-13 08:13 ET - News Release

Mr. David Wolfin reports

AVINO STARTS BULK SAMPLE PROGRAM AT SAN GONZALO



Avino Silver & Gold Mines Ltd. has started its bulk sampling program at the San Gonzalo mine northeast of Durango, Mexico.



Avino's contractor DMG had been developing two raises to connect the lower level 2 (elevation, 2,260 metres) with the upper level 1 (elevation, 2,306 m). The first raise connected Oct. 6 allowing the start of stoping (cut and fill) for the bulk sample. Within four days an initial 731 tonnes had been produced from the block of ground (see map and section on Avino's website) which is estimated to contain approximately 11,000 tonnes.



The rock will be stockpiled for approximately six to eight weeks while the mill completes its present program of flotation concentration of the stockpiled ore from the ET zone of the main Avino vein. Milling operations commenced May 22, 2010, and to Sept. 30, Avino has milled approximately 18,000 tonnes of material to produce an estimated 400 tonnes of concentrate according to the daily mill reports and the on-site lab assays. Of the estimated production, 359 wet tonnes have been trucked to Manzanillo and sold to MRI Trading AG.



The mineral at San Gonzalo is silver, gold, lead and zinc; while ET on the main vein is silver, copper and gold. The rock from ET is harder than the San Gonzalo material and has numerous boulders necessitating additional breakage with a rock breaker ahead of the jaw crusher in the plant.



A planned two-week maintenance schedule has been planned prior to the switchover from stockpiled ET ore with the San Gonzalo material. Maintenance would include changes to all worn and torn conveyor belts and a complete relining of the eight-by-six ball mill.



We seek Safe Harbor."


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Wednesday, September 29, 2010

Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v

 

  We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program.


"Avino Silver & Gold Mines is an experienced, Vancouver based mining and exploration firm with properties in Mexico and Canada.

The company's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001.

Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production.


Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.

Our key objectives for 2010:

Execute the San Gonzalo bulk sample program.

Continue developing the San Gonzalo resource

Resume production as quickly as possible

Expand resources, reserves and the mines output

Identify and explore new targets on the property

Avino also holds precious metals properties in British Columbia and the Yukon Territory.





Stockwatch:




2010-09-28 12:13 ET - News Release





Mr. David Wolfin reports



AVINO ASSAYS UP TO 0.80 M OF 5,522 G/T AG & 1.304 G/T AU AT SAN GONZALO



Avino Silver & Gold Mines Ltd. has released an update of the continuing underground development at its San Gonzalo project at the Avino property in Durango, Mexico.



Avino's mine contractor, DMG, has been driving two declines, the upper level 1 (2,306-metre elevation) and lower level 2 (2,260-metre elevation). Both levels intersected the San Gonzalo vein, level 2 has intersected the San Gonzalo vein and a splay vein. These are known as San Gonzalo vein 1 (SG1) and San Gonzalo. They are shown on a plan map on Avino's website.



DMG drifted along both San Gonzalo and San Gonzalo 1 on both levels 1 and 2. To the northwest, both levels broke into the old San Gonzalo workings and DMG is now driving a raise to connect the two levels.



Avino is pleased with the minable widths and excellent grades found to date on SG1 in its underground development program. Avino has now outlined the areas on the San Gonzalo vein 1 where stope preparation for production will commence in the next few days. As shown on the plan map on Avino's website the results shown in the attached table are from west to east."
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Sunday, October 24, 2010

Silver in Mexico: Sprott Asset Management takes position in Avino Silver ASM.v, RVM.to, MGN, KTN.v, TNR.v, AMM.to, KS.v, CUU.v, SLV, SLW, SSRI

 

   Finally, we have a positive surprise with Avino Silver - Sprott Asset Management takes position in the company. To pass Sprott's DD means a lot in the Silver market. Erick Sprott is personally very bullish on silver and silver junior miners, you can find his interview with Jim Puplava on his website. Looks like Avino Silver finally has found its footing in this market and gets vote of confidence from Silver market insiders.


"The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company."





 
2010-10-21 17:11 ET - News Release

Mr. David Wolfin reports



AVINO ANNOUNCES $3 MILLION FINANCING



Avino Silver & Gold Mines has arranged a non-brokered private placement of up to 2.4 million units at a price of $1.25 per unit, each unit consisting of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of three years at an exercise price of $1.52. Sprott Asset Management LP on behalf of certain funds and managed accounts has agreed to participate in this private placement.



No commissions or fees are payable in connection with this financing. The net proceeds of this offering will be used to advance the company's San Gonzalo silver, gold, lead and zinc project at Durango, Mexico, and general working capital requirements.



The financing is subject to approval of the TSX Venture Exchange and all regulatory authorities. The securities issued by the company in connection with this financing are subject to a four-month hold period as prescribed by the TSX Venture Exchange."


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Monday, December 13, 2010

Silver in Mexico: Avino Silver arranges $5.1-million private placement with Sprott asm.v, tnr.v, rvm.v, laq.v, bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,

 

  It looks like Erick Sprott can not get enough of Avino Silver now and this company is now on fire with Silver market after long time spent in hibernation. It is second investment by Sprott within last couple of months in this company!

"What is the common sense in the so different investment situations: when Erick Sprott buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."





"Finally, we have a positive surprise with Avino Silver - Sprott Asset Management takes position in the company. To pass Sprott's DD means a lot in the Silver market. Erick Sprott is personally very bullish on silver and silver junior miners, you can find his interview with Jim Puplava on his website. Looks like Avino Silver finally has found its footing in this market and gets vote of confidence from Silver market insiders.


"The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company."

"We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program."



Stockwatch:



2010-12-10 17:26 ET - News Release


Mr. David Wolfin reports

AVINO ANNOUNCES $5.1 MILLION FINANCING

Avino Silver & Gold Mines Ltd. has arranged a private placement of up to 2.7 million units at a price of $1.90 per unit, each unit consisting of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of three years at an exercise price of $2.50. Sprott Asset Management LP, on behalf of certain funds and managed accounts, has agreed to participate in this private placement. In addition, units will be sold by the company to investors introduced by Sprott Private Wealth LP (SPW). A cash commission of 5 per cent of the gross proceeds from units sold to such investors and 5 per cent in compensation warrants are payable to SPW.

The net proceeds of this offering will be used to advance the company's San Gonzalo silver, gold, lead and zinc project at Durango, Mexico, and general working capital requirements.

The financing is subject to approval of the TSX Venture Exchange and all regulatory authorities. The securities issued by the company in connection with this financing are subject to a four-month hold period as prescribed by the TSX Venture Exchange.

We seek Safe Harbor.
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Monday, November 08, 2010

HSBC and JP Morgan accused of manipulating silver market ASM.v, RVM.to, MGN, KTN.v, CUU.v, TNR.v, MAI.to, NGQ.v, FVI.to, KS.v, CZX.v, BVA.v, BVG.v, MAX.to, GRC.to, SGC.v, SSRI, SLW, SLV



Story about market manipulations in gold and silver, about which gold bugs have been talking for years, makes its way into the mass media in Europe as well now. JP Morgan is an interesting party of this game - there are some reports that is holds one of the largest derivative books and some have even suggested that the bank was engaged in gold market manipulations to artificially suppress the gold price. We do not expect  earth shattering revelations from this trial - the all FIAT monetary system is a ponzi scheme - but hot heads will be more careful in the future.

If these accusations will be confirmed, the mere fact of such manipulation can drive Gold and Silver prices much higher - buyers will demand the physical delivery of both metals. As Warren Buffett has put it - "When the tide will be gone - we can see who stays without the trunks". Silver market just can not provide delivery on all contracts including futures and ETF - it will be the Mother of Short Squeeze. Do not bet your farm on it, but we are moving into the right direction. We will address you to the Jim Puplava and his interviews with Erick Sprott and David Morgan.

Silver and Gold in the ground - Junior mining companies with solid projects will be the next game in town now. M&A activity will drive valuations in this sectors.

Today's call - from the World Bank "to debate the return of the Gold Standard" - we are finding just fascinating and it would be unbelievable just a few months ago. We can expect some tree shaking and corrections now in Gold and Silver markets, but they will only provide more buying opportunities to those who seeks ones.



"Gold will be go much higher from here, it will not be the straight line, but every set back will provide an investment opportunity in Gold and Silver space. We will share with our thoughts and companies we like and you will be cautioned to make your own DD as usual.

Next stage will be fight for the resources and M&A activity at all stages of investing in Gold mining cycle. With rising Gold price and inflated paper Majors will shop for juniors to buy time and gold in the ground. Jim Puplava will be a very good narrator to all our travel maps and reports about our journey. With rising gold, price price of physical gold will become even more prohibitive, we do agree with Jim that people will start to buy gold mining shares again with their easy to run discount brokerage accounts."


Telegraph.co.uk:





HSBC and JP Morgan accused of manipulating silver market





Have HSBC and JP Morgan been manipulating the silver market to keep the price artificially low?





This is the accusation levelled at the two global banking giants by investors in the US – with another lawsuit being filed last week.






On Tuesday, US law firm Kaplan Fox & Kilsheimer filed a class action complaint on behalf of an individual investor, Eric Nalven.

The suit named JP Morgan and HSBC in connection with an alleged conspiracy and manipulation of the market for silver futures and options contracts traded on the Comex exchange in New York.
The complaint alleges that around June 2008, when JP Morgan acquired Bear Stearns and its short positions in silver futures, JP Morgan and HSBC started a conspiracy to manipulate the market for silver futures and options contracts for their own benefit.
An informant, who is an ex-employee of Goldman Sachs in London, blew the whistle on the activity, claiming he had been told first-hand by traders at JP Morgan that the bank was manipulating the silver market.
Specifically, the complaint alleges that JP Morgan and HSBC acquired massive short positions on silver futures contracts in an effort to artificially depress the price of the silver futures market.
The lawsuit claims the defendants realised substantial illegal profits in connection with their scheme, while investors who had no knowledge of the scheme lost substantial amounts of money.
"The market for Comex silver futures and options contracts is highly concentrated, with very few large banks controlling a large number of futures and options contracts," the suit states. "As an example, in August 2008, defendants JP Morgan and HSBC controlled over 85pc of the commercial net short positions in Comex silver futures contracts and 25pc of all open interest short positions," it added.
The complaint alleges that the "illegal scheme" continued until around March this year, when a London-based ex-Goldman metals trader exposed the scheme. Silver prices have soared by about 80pc to a 30-year high since the low seen on February 8 this year.
The latest legal action comes after two similar suits were filed at the end of October.The plaintiffs in these suits – Brian Beatty and Peter Laskaris – each said they had traded Comex silver futures and options and contracts, and lost money because of the alleged manipulation.
In a speech on October 26, Bart Chilton, commissioner at the Commodity Futures Trading Commission, said the US regulatory body had been examining the issue for more than two years.
"I have been urging the agency to say something on the matter for months," Mr Chilton said. "The public deserves some answers to their concerns that silver markets are being, and have been, manipulated."
Mr Chilton was unequivocal about his belief that manipulation had occurred. "I believe that there have been repeated attempts to influence prices in the silver markets," he said. "There have been fraudulent efforts to persuade and deviously control that price."
However, manipulation is difficult to prove and Mr Chilton accepted this.
"The legal definition of manipulation under the law is a high bar to prove. It is a much different test than what the average person might consider as manipulation.
"Under existing law, to prove manipulation, the government is required to demonstrate not only specific intent, we also need to prove that as a result of the intent and market control, that activity caused an artificial price – a point which can certainly be debated by economists," Mr Chilton said.
A spokesman for JP Morgan declined to comment. A spokesman for HSBC said: "We aren't commenting on this case other than to say we will defend ourselves through proper legal channels."
In a submission to the CFTC in March, Jeremy A Charles, HSBC's global head of precious metals, argued that the precious metals market was broad and deep. He said that banks such as HSBC provided essential liquidity for the market.
"HSBC is an important source of market liquidity, and hedges its long cash positions when needed. Were it not for the active participation of commercial traders that take the other side of those trades, the spread between the price at which the current contract is liquidated and a new contract is entered into could widen dramatically, to the detriment of all participants," Mr Charles said.
Industry watchers believe the US derivatives regulator could make a statement soon. "I am hopeful that the agency will speak publicly about the investigation in the very near future," Mr Chilton said, "and when they do so that it will be in a more granular fashion than I am permitted from doing at this time." - Garry White"

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Thursday, November 18, 2010

Silver in Montana: Revett to roll back shares SEEKS STOCK EXCHANGE LISTING IN THE USA rvm.v, laq.v, bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,



Looks like we are going to have one more out of a very few pure Silver games in town, where mutual funds will be allowed to invest and get their exposure to the Silver market - it is very interesting development from Revett Minerals. Backing from Silver Wheaton makes all the difference in this story as well.

"Revett Minerals breaks to the upside on volume today. Liquidity is coming back into the junior mining sector and record Gold prices are driving attention to Silver, which is at 30 year high. Now, after confirmation of Gold bull market, Silver will advance its way outperforming Gold with Inflation coming into the market place with every freshly printed Treasury Bill.

"Gold bears always mention Silver non-confirmation of the recent Gold Bull Run - and they are right up to the certain point. Gold performs its function as a real wealth preservation in both Inflationary and Deflationary environments. Silver, with its industrial usage in electronics, needs more conviction that the FED will win its battle against Deflation Death Spiral and Inflation will be in the headlines for years to come. It is time for us to write up on our Silver squad from our Summer 2010 Top Picks.

We will start today with Revett Minerals - one of survivors of 2008 Hedge Fund Junior Market Crash. With Revett Minerals you have a potential to bet on Silver multiplied by company's advance with Rock Creek mine permit. This story has its own history, but silver is still safely stored in the ground and any advance further in this project development will bring a very high leverage to the future Silver move in the market. When insiders are putting money into this story we have more comfort with this situation as in all our other bullish stories and Silver Wheaton investment to preserve its stake is a very good indication of its bet on this developing story. We had a very nice ride on Silver Wheaton, as you remember, it is time to test their investment skills."


"If these accusations will be confirmed, the mere fact of such manipulation can drive Gold and Silver prices much higher - buyers will demand the physical delivery of both metals. As Warren Buffett has put it - "When the tide will be gone - we can see who stays without the trunks". Silver market just can not provide delivery on all contracts including futures and ETF - it will be the Mother of Short Squeeze. Do not bet your farm on it, but we are moving into the right direction. We will address you to the Jim Puplava and his interviews with Erick Sprott and David Morgan.

Silver and Gold in the ground - 
Junior mining companies with solid projects will be the next game in town now. M&A activity will drive valuations in this sectors.

Today's call - from the World Bank "to debate the return of the Gold Standard" - we are finding just fascinating and it would be unbelievable just a few months ago. We can expect some tree shaking and corrections now in Gold and Silver markets, but they will only provide more buying opportunities to those who seeks ones."



2010-11-17 12:30 ET - News Release


Mr. John Shanahan reports

REVETT ANNOUNCES SHARE CONSOLIDATION AS IT SEEKS STOCK EXCHANGE LISTING IN THE USA

Revett Minerals Inc. will consolidate (reverse stock split) its common shares on a one-to-five basis. The consolidation will be effective for trading purposes on Nov. 19, 2010.

Shareholders voted in favour of a share consolidation at the annual and special meeting held on June 16, 2010, giving the board authority to implement a share consolidation. The board decided to implement the share consolidation for the purpose of seeking a stock exchange listing in the United States. The company will remain listed on the Toronto Stock Exchange. Following the consolidation, the total issued and outstanding common shares of the company is 32,421,636 basic and 36,069,436 fully diluted.

A letter of transmittal is being mailed to registered shareholders today. Registered shareholders wishing to receive a new share certificate evidencing their postconsolidation shares must complete the letter of transmittal and follow the instructions contained in the letter of transmittal. Shareholders owning shares through a broker or other nominee will have their positions automatically adjusted and will not be required to take any action in connection with the share consolidation.

Revett recently announced third-quarter earnings of two-U.S.-cents per share from the generation of $4.2-million (U.S.) operating cash flow from the Troy mine. The company has also recently announced completion of its debt restructuring program and is now free of corporate debt.

John Shanahan, president and chief executive officer, stated, "The stock exchange listing that we are pursuing in the United States marks the completion of our corporate restructuring efforts and paves the way for us to reach a broader base of institutional and retail investors while complimenting our current TSX listing."

We seek Safe Harbor."

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