Avino Silver & Gold Enters Into Joint Venture Agreement with Endeavour Silver Corp.

Avino Silver & Gold Mines Ltd.(TSXV:ASM) announced a new joint venture agreement with Endeavour Silver Corp. Endeavour has the option to acquire up to a 75% interest in the Laberinto property.

As quoted in the press release:

Upon Endeavour acquiring its 75% interest, a joint venture will be formed, under which if any party does not contribute its proportionate share of costs, its participating interest will be diluted on a pro rata basis according to the contributions of all parties. If any party’s participating interest is reduced to 10% or less, then its interest will be automatically converted into a 2.5% net smelter returns royalty.

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