Avino pulls out of Wonder deal

The joint venture agreement with Belmont Resources (VSE) for development of the Wonder gold-silver mine near Reno, Nev., has been terminate d by Avino Resources (VSE).

Avino noted that the project is uneconomic because certain contractual requirements were established during considerably higher silver prices. Avino was unable to renegotiate the requirements with the property owner and has returned its entire interest in the project to Belmont.


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