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    Avino Posts Net Earnings of $1.45 Million for Q2 2013

    Charlotte McLeod
    Aug. 30, 2013 10:40AM PST
    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. 

    silver ouncefinancial resultstsxv:asmnysemkt:asm
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