Avino Silver & Gold Mines Ltd. (ASM) Earnings Call Transcript
June 13, 2022
Earnings Call Speaker Segments
With the green movement happening to electric cars, we're expecting a huge demand spike in the next 5 to 10 years. Avino has been a family-run business for the history of the companies. We have a silver mine in Mexico in Durango. Avino is generating positive cash flow. We're growing our operation at a quick pace. Avino acquired the La Preciosa silver project mining from Coeur Mining at the end of March, and we have a combined resource of 290 million ounces of silver equivalent. We've got one of the largest endowment of pure silver than any junior company out there. That is equivalent to 3 ounces per share. So there's a lot of leverage to silver by owning Avino shares. We have organic growth plans to become an intermediate producer within 5 years.
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