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Avino Silver & Gold (TSE:ASM)
TSX:ASM
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 3.27%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant production and financial improvements. There were successful operational adjustments and positive results from La Preciosa. However, the call also highlighted approval delays and previous operational challenges. The positive aspects were more prominent, but there are some external risks and timing uncertainties.Company Guidance
During the Avino Silver & Gold Mines Q3 2024 earnings call, the company reported a robust financial performance with a 13% year-over-year increase in total equivalent production. The silver equivalent production reached 671,000 ounces, while silver production rose by 19% to 282,000 ounces. Copper production was 1.8 million pounds, and gold production was just over 1,600 ounces, with mill throughput at 157,000 tonnes. Financially, the company generated $14.6 million in revenues and achieved a quarterly record of $5.7 million in gross profit. Operating cash flow before taxes was $6.7 million, representing a 45% margin. The company's net income was $1.2 million or $0.01 per share, with adjusted earnings at $5 million or $0.04 per share. The cash on hand at the end of the quarter was $7.8 million, with an improved working capital position of almost $16 million. The company maintained strong cost control with cash costs per ounce at $14.94 and all-in sustaining costs at $22.06 per ounce. Avino is on track to meet its 2024 production guidance of 2.5 million to 2.8 million ounces of silver equivalent and aims to increase production to between 8 million and 10 million ounces of silver equivalent by 2029 through its growth strategy.Increase in Production
Total equivalent production increased by 13% over the third quarter of last year, with silver production rising by 19%.
Financial Performance Improvement
Revenues reached $14.6 million with a quarterly record gross profit of $5.7 million and a 45% cash operating margin.
Strong Cash Flow
Operating cash flows before taxes were $6.7 million, and the company ended the quarter with $7.8 million in cash on hand.
Improved Cost Structure
Cash cost per ounce decreased to $14.94, and all-in sustaining cash cost per ounce came in at $22.06, showing improvement from previous quarters.
Progress at La Preciosa
The sampling program at La Preciosa yielded better-than-expected recoveries, with plans to move ahead with underground development.
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TSE:ASM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ASM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$1.53 | C$1.52 | -0.65% |
| Aug 13, 2024 | C$1.25 | C$1.22 | -2.40% |
| May 08, 2024 | C$0.99 | C$1.14 | +15.15% |
| Mar 20, 2024 | C$0.79 | C$0.78 | -1.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avino Silver & Gold (TSE:ASM) report earnings?
Avino Silver & Gold (TSE:ASM) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Avino Silver & Gold (TSE:ASM) earnings time?
Avino Silver & Gold (TSE:ASM) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ASM EPS forecast?
TSE:ASM EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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