Metals & Mining News

Avino Silver & Gold Mines Third Quarter 2022 Earnings: Misses Expectations


Avino Silver & Gold Mines (TSE:ASM) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$9.12m (up 385% from 3Q 2021).

  • Net loss: US$1.13m (loss widened by 428% from 3Q 2021).

  • US$0.01 loss per share (further deteriorated from US$0.002 loss in 3Q 2021).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Avino Silver & Gold Mines Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company’s shares are up 6.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 2 warning signs for Avino Silver & Gold Mines you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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