David Morgan Interviews David Wolfin President of Avino Silver

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.

Category:

Education

Tags:

• Silver-Investor
• Silver Investor
• Silver
• Gold
• David Morgan
• Avino silver

[silverguru]

Indeed!!! Avino was on of Paul Sarnoff's favorites-- don't expect you to know who that is you are probably too young. Glad you are Happy!! DM

[diogeneslaertius666]

"Grade is King" haha, you sir, are excellent.

Avino is rich land and has a prolific production history, the Company is in a great position to ride the future silver trend

[tschumm]

I watched this video a few months ago and bought in the mid $1's. Been buying ever since. Huge gains so far and more financings, this thing is about to explode. Thanks so much David. Changing my life man!!!

[johnywinslow]

its all fun and games until the cartels demand their cut!

[lizadfuel]

@lextalionis2001 From what I have read it was not profitable to operate mines in the early 2000s. Silver's spot price in 2001 ranged from $4.00 to $5.00 an oz. In this interview David Wolfin states it costs $3.00 to $5.00 usd to mine 1 oz of silver. It looks like to me that it was not profitable to mine silver in the 4 to 5 usd range. It's all about the cash.

[lextalionis2001]

@lextalionis2001 also I forgot to say THANK YOU for posting.

[lextalionis2001]

I am left wondering, if the mine has so much potential why was it closed down ? I mean if its a no brainer to turn a profit, why did it go "unmined" prior to Avino acquiring it ? I know there are factors but would love to hear about the former mgmt. Could they have gone bankrupt perchance ?

[whygoldandsilver]

Nice video Dave. About to head to Europe with Mike and Damien...should be a blast. Catch you soon

[lizadfuel]

Small mining companies such as Avino will be a great investment because when Gold mania hits the general public .70 cents will become $70.00 - for sure! However, if we have another major stock market crash I would think it would hurt mining stocks too. But not as much as the 2008 crash. On the flip side if Korea or the Israel situations take a turn for the worse and a major war breaks out, mining stocks will go thru the roof overnight. So I would buy some now as insurance.