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It may suck but this one accompanies a video with the CEO. You might want to take a look unless you just trolling.
IMO, I think this is a good company. as stated before. but they do need to expand and grow to be a player in the market. Great cash, almost no debt.
Sentiment: Strong Buy
May be old news, but article was just recently published. You may be correct about Seeking Alpha, but I found the article to be mainly descriptive and reasonably informative. Certainly contained information to which I was unaware
IMO, good find bjm
This is a good value, but not as stellar as you believe until silver prices are at $18 and up. Then you will start to see earnings of several pennies a share per quarter. But $3 share price won't likely happen until silver is over $20 oz.
Their are management and administrative costs which require silver to be at $14 to break even. You are only including all-in mining costs.
You could be right. But look at the facts. That compared to other Miners. They do not have debt into the billions and hundred of millions. Very cash flow positive, and only need silver to be at 11.29 a oz to make money. way better then the larger miners.
Long term value here. But earnings and report are not stellar enough to warrant buying at these prices without an increase to the silver price. This will fall back to the mid 1.20's unless silver heads over $18 quickly. Remember silver could drop back to 15-16 range before the next leg up, and that will send this stock back to $1 - $1.10 range. I am not recommending to sell here but i would make sure to have enough buying power to pick up some shares on the retracement.
All metrics were moving in the right direction. The sales numbers deferral was an adjustment that hindered this quarters numbers, yet the company is apparently moving positively and future quarters will be stellar. With nearly every material increasing in value while they are pulling much higher amounts out, this is the set up for success. Plus with the added future prospects, they production increases will have a substantial impact to future earnings.
Sentiment: Strong Buy
Overall, it seems like the company is headed in the right direction. Cost are getting lower, and silver is producing higher; not to mention copper increased by 55%. I think the numbers weren't all around "pretty" because of the fact one of the sales months couldn't be reported. Thoughts?
"At the Avino Mine, silver equivalent ounces1 produced during the first quarter totalled 474,206 compared to 319,216 during the first quarter of 2015, an increase of 48%. The production increase can be attributed to the use of both Mill Circuit 2 and Mill Circuit 3 to process mill feed from the Avino Mine whereas in the corresponding quarter last year, only Mill Circuit 3 was used.
At the San Gonzalo Mine, silver equivalent ounces1 produced during the first quarter of 2016 totalled 241,727 representing an increase of 14% compared to the first quarter of 2015. All-in sustaining cash costs during the first quarter of 2016 were $11.29 per AgEq ounce1 compared to $12.36 during the first quarter of 2015, a decrease of 9%."