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Avino Silver & Gold (ASM)
Entering the Second Half with Strong Liquidity and Leverage to Higher Commodity Price
Avino Silver & Gold Mines Ltd. engages in the acquisition, exploration, development, production, and sale of mineral properties in Canada and Mexico. It primarily explores for gold, silver, copper, zinc, and lead deposits.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Second quarter results roughly in line with our expectations. Avino Silver & Gold Mines Ltd. reported a second quarter loss of $166 thousand, or ($0.00) per share, compared to earnings of $839 thousand, or $0.02 per share during the prior year period and our net income estimate of $217 thousand, or $0.00 per share. Second quarter results were negatively impacted by 5 days of unplanned downtime at the San Gonzalo mine and an expected decline in grades as the San Gonzalo mine approaches the end of its life. Second quarter EBITDA were $350 thousand, compared to $2.4 million during the prior year period.
- Updating estimates. While our 2019 EPS estimates remains unchanged, we have increased our 2020 EPS estimates to $0.11 from $0.10. Revisions to our estimates reflect...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.