财务数据和关键指标变化 - 第三季度营收1460万美元，毛利润达季度记录570万美元[14] - 税前矿山运营现金流为670万美元，占比45%，为近期最高[15] - 净收入120万美元，每股0.01美元，调整后收益500万美元，每股0.04美元，均较之前季度有所改善[15] - 运营活动产生的现金流为410万美元，每股0.03美元，季度末现金780万美元，较之前季度有很大改善[15] - 工作资本在季度末接近1600万美元，较季度初增加200万美元，较2023年底增加600多万美元[16] - 第三季度资本支出（CapEx）与上期持平，自由现金流较2023年第三季度有400多万美元的正向波动，2023年第三季度使用190万美元现金流，2024年第三季度产生230万美元自由现金流[18] - 与2023年前九个月相比，2024年前九个月营收增长33%，毛利润增长142%[18] - 2024年前九个月净收入300万美元，每股0.02美元，息税折旧摊销前利润（EBITDA）接近900万美元，调整后收益1140万美元，每股0.08美元[19] - 2024年运营资本变动前的现金流为910万美元，2023年前九个月为410万美元[19] - 2024年每股产生0.07美元，2023年同期为0.03美元，运营资本调整后，2024年运营现金流为760万美元，2023年前九个月不到100万美元，2024年已产生260万美元自由现金流，2023年使用650万美元[20] - 第三季度每盎司现金成本为14.94美元，较上季度和去年第三季度有所改善，低于2024年迄今平均水平，所有维持性现金成本每盎司为22.06美元，较上季度下降[22] - 本季度每吨加工成本较上季度大幅改善，现金成本基础上低于每吨50美元，较上季度下降27%，本季度所有维持性现金成本每吨72.15美元，低于近期季度，与2024年第一季度持平，今年迄今平均为78.46美元[24][25] 各条业务线数据和关键指标变化 - 第三季度银当量总产量较去年第三季度增长13%[8] - 银当量产量为67.1万盎司，银产量为28.2万盎司，较2023年第三季度增长19%，铜产量为180万磅，金产量略超1600盎司，工厂吞吐量为15.7万吨[9] 各个市场数据和关键指标变化 - 未涉及相关内容 公司战略和发展方向和行业竞争 - 公司五年战略旨在到2029年提高产量，目标为800 - 1000万盎司银当量[13] - 公司有三个资产在20公里范围内，总计数亿银当量矿产资源，同一区域有运营中的工厂综合体，目前从Avino矿生产，还有水、电力尾矿库等资源，可在无需大规模资本投资的情况下有机增长[34] - 公司计划通过推进La Preciosa项目实现转型增长目标，目前正在对La Preciosa的Gloria和Abundancia矿脉进行优先规划，正在Elena Tolosa的14层开采，预计本季度晚些时候上升到12.5层以获取更高银品位[33] - La Preciosa项目的地下开发还需军方检查用于存放炸药的建筑，公司希望在年底前完成，2024年指引中初始开发相关的资本支出（CapEx）估计约为300 - 400万美元，公司可能会加速计划[43][46] - 公司未对金属进行套期保值，但针对墨西哥比索汇率波动采取措施，在比索兑美元汇率达到20% - 20.5%以上时采取保护措施，以应对2025年预算成本管理[44] - 公司在Avino矿可能会在第四季度对破碎机和工厂品位进行升级，维持性资本每年预计数百万美元，La Preciosa将有开发和非维持性资本支出[49] 管理层对经营环境和未来前景的评论 - 管理层对第三季度金属价格持续上涨且保持强劲感到兴奋，稳固的生产成果有利于实现转型增长目标[32] - 管理层认为到目前为止第四季度的生产表现是第三季度的延续，但十二月因假期会稍慢[38] - 管理层预计La Preciosa开始运营后，有效税率将有所缓解，因为有可结转的大量税务亏损[48] 其他重要信息 - 公司遵循ESG标准和联合国可持续发展目标（SDGs），第三季度活动集中在SDG4（优质教育）、SDG6（环境、清洁水和卫生设施）和SDG9（工业创新和基础设施）[29] - 在社区方面，公司在不同社区提供了诸如桥梁工程、道路维护、教堂设施安装、垃圾填埋场维护、学校用品供应、灌溉工程、社会认知研究、协助协调卫生系统等支持，公司目前有471个直接工作岗位，通常会为周边社区带来三倍数量的间接工作岗位[30][31][32] 问答环节所有的提问和回答 问题: 是否可以按照第三季度的性能正常运行时间可用性等对第四季度进行建模 - 回答: 目前来看是合理的，但十二月因假期会稍慢[37][38] 问题: 银价每变动1美元对矿山运营现金流的影响以及2025年的情况 - 回答: 从纯粹的矿山运营现金流角度看，1美元的变动接近100%，但还有很多其他影响因素，难以当场回答[39][40] 问题: La Preciosa的库存材料还剩多少 - 回答: 已经处理完想要处理的部分[41][42] 问题: La Preciosa地下开发的未来几个季度的开发成本和新矿石到达工厂的时间 - 回答: 关键是开始地下开发，2024年指引中初始开发相关的资本支出（CapEx）估计约为300 - 400万美元，目前仍坚持该指引，随着资产负债表改善，可能会加速计划，将在新年初提供更多信息[43] 问题: 是否针对墨西哥比索汇率波动采取更激进的套期保值措施或者在2025年预算中是否已经考虑 - 回答: 在比索兑美元汇率达到20% - 20.5%以上时采取保护措施，以应对2025年预算成本管理，公司未对金属进行套期保值[44] 问题: La Preciosa项目的时间线，还有哪些事项需要完成以及何时完成 - 回答: 最后一项是军方需要检查用于存放炸药的建筑，时间取决于军方，公司希望在年底前完成[46] 问题: 有效税率在过去两个季度有所上升，是否有特殊含义还是只是时间问题 - 回答: 从公司角度看，很大一部分是递延方面的原因，与2023年产生的税务亏损被使用有关，在当前方面，第二和第三季度盈利较多，所以向墨西哥政府缴纳了应缴份额，La Preciosa开始运营后将有所缓解，因为有可结转的大量税务亏损[47][48] 问题: 维持性资本未来的预期范围，Avino矿是否有重大项目 - 回答: 第四季度可能会多一些，因为要对破碎机和工厂品位进行升级，预计与第三季度类似或更多，每年维持性资本预计数百万美元，La Preciosa将有开发和非维持性资本支出[49] 问题: 成本对墨西哥比索汇率变动的敏感度 - 回答: 相当敏感，公司收入以美元计，大部分成本在墨西哥，约75%与比索相关，部分资本和运营支付以美元计，2023年公司和其他墨西哥生产商受比索波动影响较大[50]

Avino Silver & Gold Mines Ltd. (ASM) reported earnings per share of 4 cents for third-quarter 2024, which beat the Zacks Consensus Estimate for earnings of 2 cents. ASM had reported earnings of 1 cent in the third quarter of 2023. The solid improvement in earnings was aided by higher metal prices and lower costs.Including one-time items, the company reported earnings per share of 1 cent against the loss of 1 cent per share incurred in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zac ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Avino Silver (ASM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Avino Silver is a member of our Basic Materials group, which includes 235 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank inclu ...

Avino Silver (ASM) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of 50%.Over the last four quarters, the company has surpa ...

Almere, The Netherlands November 12, 2024, 6:00 p.m. CET ASM international N.V. (Euronext Amsterdam: ASM) informs the market that ASMPT, in which ASM has a shareholding of approximately 25%, announced that it ceased discussions in relation to a possible privatization of ASMPT.  ASMPT Ltd. (“ASMPT), in which ASM is a shareholder, announced on October 14, 2024, that its board had received a preliminary non-binding approach from an independent third party (the “Potential Offeror”) in relation to a possible p ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

The latest trading session saw Avino Silver (ASM) ending at $1.19, denoting a -0.83% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq increased by 1.43%.The company's stock has climbed by 4.35% in the past month, exceeding the Basic Materials sector's loss of 2.85% and the S&P 500's loss of 0.54%.The upcoming earnings release of Avino Silver will be ...

Following my coverage on ASM International ( OTCQX:ASMIY ) in Jul'24, in which I recommended a buy rating due to my expectation that the business will continue to experience strong order growth, this post is to provide an update on myI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a pr ...

Hello readers! Passionate about technology, my focus will be on finding and analyzing companies that can play a relevant role in today's geopolitics, leverage their IP, and eventually, with time, become new leaders. Therefore, the investment style will correspond to growth companies with a bias on the mid-cap segment. The main sectors under study will be biotechnologies, computer chips, cloud technology, energy, and commodities. Special attention will be given to risks surrounding business cases, with a top ...

Almere, The Netherlands October 29, 2024, 6 p.m. CET AI-related demand drives robust growth in bookings and revenue ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q3 2024 results (unaudited). Financial highlights | --- | --- | --- | --- | --- | |-------------------------------------|---------|-------|---------|---------| | | | | | | | € million | Q3 2023 | | Q2 2024 | Q3 2024 | | New orders | 627.4 | 755.4 | | 815.3 | | yoy change % at constant currencies | 0% | 56% | | 30% | | Revenue | ...