Update: Avino Silver And Gold Mines Reports Strong Q2 Production And Closes A Deal To Buy A Third Of Bralorne Gold Mines
- Avino Silver And Gold Mines Reports a 27% increase in silver production and a 47% increase in gold production.
- The company also finalized a deal to buy a third of junior gold mining company Bralorne Gold Mines for C$2.66 million.
- The first update confirms my thesis that the company can rapidly increase its production, making it an excellent stock for silver bulls.
- The second update shows the company is looking for opportunities elsewhere and it could be getting ready to buy Bralorne Gold Mines--speculators may want to consider taking a position.
- I remain bullish on the stock and encourage silver bulls to buy the shares on weakness.