Avino Silver & Gold Mines Ltd (TSX:ASM)
C$ 1.34 -0.1 (-6.94%) Market Cap: 188.31 Mil Enterprise Value: 181.66 Mil PE Ratio: 33.50 PB Ratio: 1.17 GF Score: 89/100
Back to the Transcripts List

Q3 2024 Avino Silver & Gold Mines Ltd Earnings Call Transcript

Nov 13, 2024 / 04:00 PM GMT
Release Date Price: C$1.52 (-0.65%)

Key Points

Positve
  • Avino Silver & Gold Mines Ltd (ASM) reported a 13% increase in total equivalent production compared to the same quarter last year.
  • The company achieved a 19% increase in silver production, reaching 282,000 ounces.
  • ASM reported a quarterly record of $5.7 million in gross profit, with a 45% margin, the highest in recent history.
  • The company has improved its working capital position to nearly $16 million, a significant improvement from the previous year.
  • ASM is on track to meet its production guidance of 2.5 to 2.8 million ounces of silver equivalent for 2024, with higher grades and recoveries in silver and copper.
Negative
  • The company faced challenges with mill availability in late June to mid-July, impacting production.
  • ASM's effective tax rate has been elevated in recent quarters, reflecting higher profitability and tax obligations in Mexico.
  • The company is sensitive to fluctuations in the Mexican Peso, which can impact cost structures.
  • There are pending approvals required for the underground development at La Preciosa, which could delay project timelines.
  • ASM's all-in sustaining cash costs per ounce remain relatively high, although they have decreased from the previous quarter.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASM.TO - Avino Silver & Gold Mines Ltd
Q3 2024 Avino Silver & Gold Mines Ltd Earnings Call
Nov 13, 2024 / 04:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Welcome to the Avino Silver and Gold Mines third quarter, 2024 financial results conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded after the presentation, there will be an opportunity to ask questions to join the question queue. You may press star then one on your telephone keypad. Should you need assistance during the conference call? You may signal an operator by pressing star and zero.

I would now like to turn the conference over to Jennifer North head of investor relations. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
-------------------
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.