$Avino Silver & Gold Mines(ASM)$ is a Canadian mining company that is primarily engaged in the exploration, mining and processing of silver, gold and copper. The company derives most of its revenue from the sale of copper produced by its mines. Its project portfolio includes Avino, San Gonzalo, Oxide Tailings, Bralorne Gold and others. It performed well in the fourth quarter of 2024, achieving record financial results, showing strong growth momentum and profitability.
- Revenue growth: The company's quarterly revenue reached US$24.4 million, a significant increase of 95% year-on-year. This increase was mainly due to increased mineral production and higher silver and gold prices.
- Gross profit improvement: Gross profit reached US$10.5 million, a surge of 308% year-on-year. This significant improvement was attributed to increased revenue, lower unit costs and favorable changes in the US dollar-Mexican peso exchange rate.
- Strong cash flow: Cash generated from operating activities was US$15.6 million, an increase of more than 2,000% year-on-year, demonstrating the company's strong cash generation capabilities. Pre-tax mine operating cash flow was US$11.9 million, an increase of 230% year-on-year.
- Net income and earnings per share: Net income was $5.1 million, and earnings per share were $0.03, a significant increase of 804% year-on-year. Adjusted net income was $10 million, and earnings per share were $0.07, a year-on-year increase of 405%.
- EBITDA growth: Earnings before interest, taxes, depreciation and amortization (EBITDA) were $9.1 million, a year-on-year increase of 712%, reflecting a significant increase in the company's profitability.
Roth MKM analyst Joseph Reagor: Maintain "buy" rating, target price raised from $1.9 to $2