on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)
Avino Silver & Gold Mines Ltd. Reports Record Revenues in Q2 2024
Avino Silver & Gold Mines Ltd. announced record revenues for Q2 2024, hitting $14.8 million, a 60% increase from Q2 2023. The rise in metal prices and consistent production at the Avino Mine contributed to this growth.
The quarter's gross profit stood at $4.7 million, while net income reached $1.2 million, translating to $0.01 per share. Adjusted earnings were reported at $4.3 million, or $0.03 per share. EBITDA came in at $3.4 million. The company's cash costs per silver equivalent payable ounce were $16.29, with all-in sustaining cash costs at $22.74.
The company processed 10,000 tonnes of La Preciosa surface stockpiles, leading to a 26% increase in silver production. Avino remains on track to meet its annual production target of 2.5M to 2.8M silver equivalent ounces.
R. H.
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