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Avino Silver & Gold (ASM)
:ASM
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong financial and operational momentum: record revenues, robust cash and working capital, record adjusted earnings, improved margins, favorable drill results at La Preciosa, and a clear multi-asset growth plan with significant resources and planned drilling. Offsetting factors include higher cash costs per ounce and AISC (9% and 15% increases respectively), short-term Q4 cost impacts from processing development material, lower ounces sold (revenues driven by price), and remaining study/optimization work required for larger-scale project decisions. Overall, the positive achievements and strong liquidity and profitability outweigh the manageable operational and cost challenges.Company Guidance
Record Revenues and Profitability
Full-year 2025 record revenues of $92,200,000 and Q4 revenue of over $30,000,000. Q4 net income $10,500,000 ($0.06/share) and full-year net income $26,600,000 ($0.17/share). Q4 adjusted earnings $16,300,000 ($0.10/share) and full-year adjusted earnings $46,500,000 ($0.29/share) — adjusted earnings increased ~121% year-over-year (2025 vs 2024).
Strong Liquidity and Balance Sheet
Year-end cash balance of $102,000,000 and working capital of $99,000,000. No secured debt other than equipment leases, providing financial flexibility to fund growth and capital projects.
Robust Cash Generation
Operating cash flow before working capital of $19,000,000 in Q4 ($0.12/share) and $35,300,000 for the full year ($0.22/share). Q4 free cash flow of $15,600,000 (excluding La Preciosa development costs) and full-year free cash flow of $24,300,000.
Return to Primary Silver and Production Stability
Silver revenues reached 54% of Q4 revenue (first >50% since pre-2020), supporting a return to primary silver. Consolidated production remained steady at ~2,600,000 silver-equivalent ounces while total mill feed increased 14% year-over-year.
La Preciosa Development Progress and High-Grade Drill Results
Commenced extraction and processing of La Preciosa development material (11,995 tons processed; ~200 tpd average during quarter). Drill highlights include veins such as 7.9 m true width at 1.6 kg/t Ag and 2 g/t Au and an intercept over 5 m true width of 787 g/t Ag and 0.5 g/t Au — significantly higher than current resource averages and indicating upside potential.
Improved Margins and Mine Operating Income
Q4 gross profit $17,800,000 ($19,000,000 on a cash basis) with gross margin of 58% (62% ex non-cash) versus 43% in Q4 last year. Full-year mine operating income of $48,500,000 and annual margin of 53%.
Operational Unit-Cost Resilience
Cash cost per ton improved slightly: $53.69/ton in 2025, down 3% from $55.43 in 2024. All-in cost per ton remained flat ~ $78/ton year-over-year, demonstrating unit-cost stability at the tonnage level.
Market Recognition and Scale Potential
Share price performance up 610% over three years (to 06/30/2025) and market cap up 778%. Included in multiple ETFs (GDXJ, Global X Silver Miners, etc.) and named 5th among TSX top-performing companies in 2025, improving liquidity and institutional access.
Large Resource Base and Growth Plans
Measured & indicated resources of 277,000,000 silver-equivalent ounces and 94,000,000 inferred Ag-eq oz. 2026 plan includes ~30,000 meters of drilling (15,000 m each at Avino and La Preciosa), updated resource estimates and inaugural reserves expected end-H1 2026, and a La Preciosa ramp target of 500 tpd.
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
ASM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 10, 2026 | $8.21 | $7.68 | -6.46% |
Nov 06, 2025 | $4.14 | $4.29 | +3.62% |
Aug 13, 2025 | $3.89 | $3.80 | -2.31% |
May 13, 2025 | $2.43 | $2.28 | -6.17% |
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.
FAQ
When does Avino Silver & Gold (ASM) report earnings?
Avino Silver & Gold (ASM) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Avino Silver & Gold (ASM) earnings time?
Avino Silver & Gold (ASM) earnings time is at May 13, 2026, After Close (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 ASM EPS forecast?
ASM EPS forecast for the fiscal quarter 2026 (Q1) is 0.13.