Wednesday, April 17, 2019
Avino Silver & Gold Mines Ltd. (ASM)
Bralorne Exploration Provides Some Reasons for Optimism.
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.
- ASM reports first quarter 2019 production results. Avino Silver & Gold Mines Ltd. reported first
quarter production of 615,019 silver equivalent ounces representing a 6.4%
decline versus the prior year period and a 14.6% decrease relative to the
fourth quarter of 2018. First quarter production results were negatively
impacted by lower grades, declining recoveries at the San Gonzalo mine and
seven days of lost production while upgrades to the crushing circuit were
completed at the Avino mill. - Updating estimates. Based on modestly lower than expected first quarter
production, we are reducing our full year 2019 EPS and EBITDA estimates to
$0.06 and $10.6 million from $0.07 and $11.8 million, respectively. Our
2020 estimates have been lowered to $0.09 and $13.5 million from $0.10 and
$14.5 million, respec…
Get full report on Channelchek desktop.
*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.