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

Avino Silver & Gold Mines (TSE:ASM) released its quarterly earnings data on Wednesday. The company reported C$0.09 earnings per share for the quarter, reports. Avino Silver & Gold Mines had a return on equity of 17.62% and a net margin of 33.31%.The company had revenue of C$38.06 million for 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 stock opened at C$9.64 on Friday. The stock’s fifty day simple moving average is C$8.63 and its 200 day simple moving average is C$9.89. Avino Silver & Gold Mines has a one year low of C$5.06 and a one year high of C$16.11. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of 43.82 and a beta of 3.12. The company has a debt-to-equity ratio of 3.03, a current ratio of 5.78 and a quick ratio of 1.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC bought a new stake in Avino Silver & Gold Mines Ltd. (TSE:ASM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,050 shares of the company’s stock, valued at approximately $76,000. 20.98% of the stock is currently owned by institutional investors and hedge funds.

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.