The following is a summary of the Avino Silver & Gold Mines Ltd. (ASM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Avino Silver & Gold Mines reported Q3 2024 revenue of $14.6 million with a record gross profit of $5.7 million.

• Net income was $1.2 million, or $0.01 per share, with adjusted earnings of $5 million, or $0.04 per share.

• Operating cash flow was $4.1 million, with mine operating cash flows before taxes at $6.7 million, representing a 45% margin.

• Ending the quarter with $7.8 million cash on hand and a working capital of almost $16 million.

Business Progress:

• Production ramp-up led to 671,000 ounces of silver equivalent production; silver production increased by 19% to 282,000 ounces.

• Resolved ore crushing issues from previous months and continued processing of La Preciosa historical stockpile material.

• Secured final approvals to proceed with underground development at La Preciosa, aiming to increase production to 8-10 million ounces of silver equivalent by 2029.

Opportunities:

• With higher realized metal prices and improved unit operating costs, demonstrated strong cash operating margins and potential increased yields from better-than-expected recoveries at La Preciosa.

Risks:

• Operational risks include the urgency of mining at La Preciosa to process heightened grade material and reliance on mine operating cash flow which is sensitive to silver price changes.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.