Avino Silver & Gold Mines (ASM) Misses Q2 EPS by 4c

Avino Silver & Gold Mines (NYSE: ASM) reported Q2 EPS of ($0.02), $0.04 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $6.8 million versus the consensus estimate of $8.73 million.

• Generated revenues of $6.8 million from the sale of concentrates
• Mine operating loss of $0.2 million
• Net loss after taxes of $1.6 million, or a loss of $0.02 per share
• Silver equivalent production of 570,220 ounces1, including 221,928 ounces of silver, 1,448 ounces of gold and 1,381,924 pounds of copper
• Total consolidated cash cost2 was $12.74 per silver equivalent payable ounce1
• Consolidated all-in sustaining cash cost ("AISC")2 was $15.56 per silver payable equivalent ounce1
• Working capital of $10.1 million, up 12% compared to Q3 2018
• Earnings before interest, taxes, depreciation and amortization ("EBITDA")2 was a loss of $1.6 million
• Adjusted EBITDA was a loss of $0.1 million
• Cash of $2.9 million was on hand at the end of the quarter, and approximately $6.0 million as of today
• G&A expenditures reduced by 23% compared to Q3 2018, and by 29% year to date 2019, compared to year to date 2018

For earnings history and earnings-related data on Avino Silver & Gold Mines (ASM) click here.

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