Avino Posts Net Earnings of $1.45 Million for Q2 2013

Silver Investing

Avino Silver and Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM) announced its financial results for the second quarter of 2013, commenting that its net earnings came in at $1.45 million, while cash flow from operations was $2.3 million.

Avino Silver and Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM) announced its financial results for the second quarter of 2013, commenting that its net earnings came in at $1.45 million, while cash flow from operations was $2.3 million.

According to the press release, other highlights include:

  • Revenues reported for the quarter $4,951,952
  • Mine operating income $2,338,399
  • General and administrative expenses $957,206
  • Earnings before income taxes $1,532,301
  • Earnings for the period $1,447,301
  • Earnings per share – basic and diluted $0.05
  • Processed ore for Q2 2013 was 19,988 tonnes
  • Silver ounces sold for Q2 2013 was 161,852
  • Gold ounces sold for Q2 2013 was 751
  • Consolidated cash cost per equivalent silver ounce was $11.72

Click here to read the full Avino Silver and Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM) press release. 

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