Avino Silver & Gold Mines (TSE:ASM) Issues Earnings Results

Avino Silver & Gold Mines (TSE:ASM) announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, reports. Avino Silver & Gold Mines had a return on equity of 18.32% and a net margin of 37.17%.The business had revenue of C$38.06 million during the quarter.

Here are the key takeaways from Avino Silver & Gold Mines’ conference call:

• Financial performance and liquidity improved: Q2 revenue reached $26.8 million, net income rose to $10.9 million, and operating cash flow was $13.3 million. Cash increased to a record $144 million with $141 million in working capital and no secured debt beyond equipment leases.
• La Preciosa continued ramping up: Development production increased 59% from Q1, contributing more than 100,000 silver-equivalent ounces, while both mill circuits are now processing La Preciosa material. The company is nearing its 500-ton-per-day goal and expects production mining to generate higher-grade ore once level 3 preparations are complete.
• Reserve and resource growth strengthened the long-term story: Avino reported inaugural proven and probable reserves of 127 million silver-equivalent ounces across three assets, alongside 301 million ounces of measured and indicated resources. Ongoing exploration at La Preciosa and the Avino mine is targeting further resource expansion, with management indicating that recent holes have generally exceeded average reserve and resource grades.
• Shareholder returns and capital allocation advanced: Under its Normal Course Issuer Bid, Avino repurchased and canceled more than 500,000 shares during the quarter, reducing shares outstanding and potentially increasing ownership and earnings per share for remaining shareholders.
• Quarterly costs and margins faced pressure: Provisional pricing adjustments reduced revenue and margins by approximately $5 million, while a stronger Mexican peso and lower-grade material contributed to higher costs. Consolidated all-in sustaining costs reached $96 per silver-equivalent ounce, above the 2026 guidance range, although management expects costs to normalize as grades and mining sequences improve.

Avino Silver & Gold Mines Price Performance

Shares of ASM opened at C$10.06 on Wednesday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.29 and a current ratio of 5.85. The firm has a market cap of C$1.71 billion, a PE ratio of 38.69 and a beta of 3.21. The firm’s 50 day moving average price is C$9.16 and its 200 day moving average price is C$9.46. Avino Silver & Gold Mines has a twelve month low of C$5.55 and a twelve month high of C$16.11.

Hedge Funds Weigh In On Avino Silver & Gold Mines

A hedge fund recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC purchased a new position in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned approximately 0.08% of Avino Silver & Gold Mines as of its most recent filing with the SEC. Hedge funds and other institutional investors own 21.67% of the company’s stock.

About Avino Silver & Gold Mines

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed.