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Vino Silver and Gold Mines Limited. And with that, we'd like to invite David Wolfen, president and CEO and director to the stage. So David successfully developed the company from a minority owner of the closed mine in 22,001 to where it is today with 300 to 500 employees in a market cap reaching as high as 250 million over to you, David. Thanks, Dawn. Welcome everybody. Pleasure to be here. This monitor is not working but pleasure to be back. We've got some great news, transformational growth plan over the next five years. Let me see. Excuse me. Just some technical difficulties here. Should I wait or should I start carry on? Ok. Welcome everybody to Avino Silver and Gold Mines presentation. My name is David Walton. I'm the president and CEO. Avino, our tagline is a clear path to transformational growth. We've got organic growth in the pipeline. So we're really excited to tell you about it. So this is forward looking statements that I'll be making. So, I caution you. So, Avino is a primary silver producer and Explorer. Our primary asset is in the State of Durango. It's the Avino project. We've got three assets. It's going to drive our growth over the next five years. It's the producing of Venom mine. It's on pace to produce between 2.5 to 2.8 million ounces of silver equivalent this year. La Preciosa we acquired that's nearby. It's got a huge endowment of of silver and gold and our oxide tailings project. This is the past waste from when we mined open pit mine in the seventies and eighties. And we recently announced a pref feasibility study with proven and probable reserves of 6.7 million tons with grades of 55 g to 0.4 g of silver and gold respectively. Large silver equivalent resource base. So 371 million ounces of silver equivalent National Instrument, 43 101 compliant. So the highest reporting standards in the world. So there's a good level of certainty there, 60% of that is pure silver. These are the catalysts for growth from one producing assets to three. And here you can see we're in the state of Durango. It's a mining friendly state, there's mines all over so that we've got access to every type of skill set and infrastructure, there's a lot of infrastructure there. So this is unique about Durango. Here's our production profile for the next five years. You can see this year around 2.5 million ounces of silver equivalent. The dark blue represents production from the Aviom mine. The lighter blue you can see is La Preciosa and the lightest blue in 2028 2029 is the oxide tailings project. We want to get up between eight and 10 million ounces of silver equivalent. So we can attract more institutional investors. We think that our value will, will skyrocket. Currently 8 to 10 million ounce producers are north of a billion dollar market cap. Our market cap is 100 and 40 million so 7 to 7 to 10 times potential growth here, you can see production profile. So this year 46% will be from silver, 20% gold and 34% copper. That's gonna rise to 60 to 70% as we bring on the Preciosa and the oxide tailings recent milestones. We got, when we acquired La Preciosa, we had to upgrade upgrade the permits and in order to get an extraction permit, you need the blessing of the local Lajos. This is a coalition of people that reside over the municipality in which it's in. We got that in January. So that was filed with the environmental department in Mexico. There was no pushback other than us shrinking the footprint because coe was planning a giant open pit mine and we're not planning to do that. So they were planning to disturb 3500 hectares. We're only planning to disturb 100 and 50 hectares. So we're in the final stages of getting the authorizations. All we need now is the military to visit the site and look at where we're housing the explosives. So we're hoping to break ground before the end of this year. Also what else? So we you'll see some pictures of the surface works and the buildings are nearing completion. At la Preciosa oxide tellings pre physics study I mentioned we completed this year an ESR designation, third consecutive year award from an independent board of philanthropists in Mexico for CS R initiatives and community support. Financial highlights record revenue in Q 2, 14.8 million gross profit, 4.7 million, 5.9 million on a cash basis, net income 1.2 million or a penny. A share adjusted earnings, 4.3 million or three pennies, a share operating cash flow, pre working capital movements of 3.6 million or three cents a share cash on hand 5.3 million as of June, it's higher than that. Now, I can tell you working capital 13.6 million up three times over the past 12 months and look at this. This is beautiful revenue year to date up 43% gross profit up 100 and 43% net income up 100 and 35%. Everything on this list is up other than the capital expenditures. So adjusted Abita up 61 651% and the list goes on and on. free cash flow up 100 and 4%. Here's our cash cost per ounce. So year to date, 1555. So good margin at the mine site at the mine level. year to date all in sustaining 2140. We expect this to drop down when we bring lap Preciosa on because lap Preciosa has higher grade. So we're expecting it to be in the mid teens in the next few years here. You can see cost per ton year to date 5937. This is low for underground mining all in sustaining year to date. 81.43. I don't think there's another junior mining company that can, that can say they're mining at these costs. So we're fortunate that we've got a large geological system that we can bulk bind from or long haul sublevel caving which is allowing us to mine with these grades. Here's production for the quarter up slightly 660,000 ounces of silver equivalent. Silver was up slightly, gold was flat and carer was down slightly. Here's the exciting future. So Lap Preciosa 19 kilometers away you can see on the picture it's in rolling farmland it's a safe jurisdiction. There's no cartel activities here. You're not in some remote area. Avino has been around for hundreds of years. The asset the mine was discovered in 1558 by Captain Ibert of Cortez's Army. Most people say there can't be any minerals left but there is. And the beauty of that is infrastructure. We've got a spaghetti and network of roads, towns and villages surrounding us. So no criminals are coming in there. They don't want to attract the Federales. So it's a safe jurisdiction. We have good competent people working for us. We've got all the ingredients dedicated power line capable of five megawatts. We're only utilizing three. So we're gonna have expansion opportunity for when we go to build the oxide tailings project, paved road, all around the mine, high water supply 100% Mexican labor force. Tell me another jurisdiction where you have 100% of the local people working there. And then this is unique about Mexico. It's awesome. It's right up to our chief operating officer who's a graduate of the world renowned Colorado school of mines. So we're proud to have this here. You can see. So this is what we acquired from core mining in 2022 for $35 million. They paid $350 million acquiring this asset in 2013. So we paid 10 cents on the dollar and it's been geologically derisk in my mind because if you look at all the drill holes, there's 1500 drill holes. probably $90 million spent by Pan American silver core mining and ORO have all done this drilling that we inherited. So we didn't have to do any of this. It's all red. It's all between 100 and 5500 g. Our cut off grade for profitability for this is 120. So this is all ore grade material. Look at this slide. So the red zones are above 500 g. When we look at the individual drill holes, there's kilogram hits. So we're ecstatic to be able to get in here and mine this out. You can see there's long life of mine here. 17.4 million metric tons of measured and indicated or 100 and 13 million ounces of silver equivalent. We got another 4.4 million metric tons of inferred or 24 million ounces of silver equivalent. So long life asset here and high grade how we're going to mine it. So we're going to do it with trackless rubber tire trucks. We're going to put a spiral decline 4 to 5 m by 4 to 5 m and we're going to access all these veins from one portal. So that's the beauty, low environmental footprint. The locals are really happy with that. So we're going to go down and mine Luria Abundancia and then Martha and maybe other ones we find there, there's all all kinds of unnamed veins down here that we can access from the same portal and we won't need new permits. Here's the explosive and surface outbuildings. So nearing completion, Actually, it is complete. This is an old picture. So we're just waiting for the military to come and inspect it. We've already prepared where we're going to put in the, the portal and the decline. So when we get the the, the green light, we're gonna send equipment from a vino that we already have to start building that access tunnel right away. The oxide tailings pref feasibility study. It took many years to get where we are today. That's because it was an active Tailings Dam. So we did a P A in 20 twe in 2017 because we drilled the exposed toe of the dam. And so there's all kinds of oxide material that I announced earlier in the beginning 6.7 million tons of proven and probable. And so during the pandemic, we closed the mine and let it dry out. So it was safe enough to put a draw rig on top. And we put in about 100 and 50 drill holes, metallurgical text, tested it, kicked off a pref feasibility study last year and announced it earlier this year, the results. So we're excited about that and here's the results. So 661 million post tax N PV, with a 5% discount. This is based on $23.45. Silver and 1839 gold. So, and the post tax irr is 26% if you look at spot and spots even higher than what we have on here. 2863 to the far right of the slide. And 2515 gold post tax N PV of 100 and 6 million post tax, irr 38% payback period less than two years. And look at it's gonna cost $49 million. It's gonna be a 2200 ton per day dynamic leaching and huge tanks. So it's contained, it won't be out in the open, in a, on a, a heap. So it's very, it's much safer. and look at the all and sustaining $10.23 that's going to drive our cost down. So we're really excited about this. We're going to employ 100 and 20 more people above our 450 now. So it's going to create a lot of jobs, a lot of happy people in this area because we're the number one employer in this region. Local economy benefits 50 million to Mexican tax contributions and 100 and 40 million to local economy. So it's gonna be a boom for this area. So here's our updated mineral resource. N I 43 101 compliant. If you look down at the yellow, you see 53.1 million metric tons of MN I or 276 million ounces of silver equivalent. Just to the right of that, 100 and 70 million ounces of pure silver, 800,000 ounces of pure gold, 300 million pounds of copper and then inferred, 23.7 million tons of inferred or 93.87 million ounces of silver equivalent. So our mill processes under a million tons per year. So this is over 75 years of mine life. So there's gonna be opportunity for expansion and this is what makes up our 371 million ounces of silver equivalent. So a lot of leverage to silver and if you look at the grades, the grades at a, you know, 100 and 42 g of silver equivalent La Pres are 200 g. So 40 to 50% better, it's going to lower our cost, increase our output. And we think that 200 g silver equivalent is a global resource. We've looked at individual drill holes in glory and a bandana our first six years of my life and the combined grade is double of, you know, it's about 300 or 350 g. So we're really excited about that. And so outlook for 2024 between 2.5 to 2.8 million ounces of silver equivalent production. in our mill, 700 to 750,000 tons are being planned to be processed this year. Our capital budget 7.3 to 9 million of that 3 to 4 million is going into La Preso. So that's all it's gonna cost to put in the decline because it's only going in 350 m and we have that cash. We don't need to go to the market. We won't need to go to the market anytime soon until we make the construction decision on the oxide tailings, which is estimated at 50 million CS R initiative. So Avino it's focused on education, community support and the economy of fam of the local families. We follow the E SS G and United Nations Sustainable Development Goals that work together to address the most pressing and challenging facing the world and specifically, specifically in our communities, we are number one buyer of our concentrated Samsung. So they get our product because they wanted to source the raw materials from an ethical source. They determine we're an ethical company and this shows you and so they were giving back last year, 100 and 50 Galaxy tablets and 25 televisions for us to distribute in the communities around there to show their gratitude and support. So we're, we're, we're quite proud of that research coverage. So can't say the prices on it. I think we're pretty close to the targets that were put out at the earlier of the, the beginning of the year. So a lot of these guys are gonna be increasing their targets because we're trading at the high end, pretty close to the targets right now. So here market cap 100 and 40 million us, 52 week range, 40 cents to a dollar 13. We're trading at a dollar for so we're rebounding from last year from when core sold 14 million shares of Avino. That was part of the acquisition cost of La Preciosa. So that hurt us last year and the stronger pay. So hurt us last year and mine sequencing. So there was a few things that hurt us last year. So we the stocks more than tripled since the low last year. So we're getting higher valuation and we're expecting a re rating as we deliver on our growth plans. We trade about a million shares a day on the NYC American. So it's a liquid stock. Avino was management myself was the largest shareholder up until recently. The title ETF surpassed us and now they got seven or 8 million shares and there's other institutions in there. There's 100 and 35 million shares issued no warrants, 12 million options in RS USA 147 million fully diluted. So why invest primary silver producer and explore lot of leverage to silver with 371 million ounces of silver equivalent. A clear path, a clear growth story with Lap Preciosa and the oxide tailings. We're esg focused longevity, 56 years in the business, we've got about 37 years of combined production. We're undervalued relative to our peers on a PN A basis. We're at about 0.57 and our peers are about one. So we're thinking when La Prester comes online and we start showing higher earnings, we're gonna get a re rating and a higher P A value. Our balance sheet is growing substantially. And so with that, I'm going to end the presentation. This is our five year goal, our strategic plan for organic growth to achieve intermediate status, which is our largest expansion in company history. Thank you. I think we have time for a couple of questions from the audience. If you have a question, just please raise your hand and the microphone will be brought to you. David. So it looks like at La Preso. So you're gonna be heading into some permitting over the next time over the next year or so. Can you comment on the the change in administration in Mexico, the and the, the permitting climate and whether or not you anticipate any potential headwinds on that permitting, we don't expect any headwinds. We're in the final stages as I said, we've already submitted the permit. There was feedback, there was no pushback. It was all clarity from when Core had it. Core was planning to serve 300 50 acres and build an open pit mine. We're not doing that. So we had no pushback. We, they wanted us to shrink the size of the, the E A because they wanted to make sure, from 350 to 100 and 50. So it was accurate to what we're going to do., so there's no hidden pyramids, Indian burial grounds or dinosaur bones where we're going to be building there for new entrance into Mexico. Yeah, I'd be concerned but we're well established., we, we employ 450 people. We're gonna be adding to that substantially., so we don't expect any headwinds. We expect the military to be on the site within days or weeks and we'll be ready to break ground. Ok. Thank you very much, David, ladies and gentlemen, that's Avino silver and gold mines. Thanks again, David.