Avino Silver & Gold Mines (NYSE: ASM) reported Q1 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $8.1 million versus the consensus estimate of $8.65 million.

FIRST QUARTER 2017 HIGHLIGHTS – IN $USD

• Generated revenues of $8.1 million from the sale of concentrates, a 306% increase from the first quarter of 2016 due to the commencement of production mining at the Avino mine during the second quarter of 2016
• Mine operating income of $3.5 million, a 168% increase compared to the first quarter of 2016
• Net income after taxes of $0.7 million or $0.01 per share
• Working capital of $21.1 million
• Net earnings of $1.1 million
• Produced 604,643 silver equivalent ounces1, including 320,082 ounces of silver, 1,837 ounces of gold and 1,024,853 pounds of copper
• Consolidated all-in sustaining cost ("AISC")2 was $9.55 per payable silver equivalent ounce, a 16% increase compared to $8.22 per ounce in the first quarter of 2016
• Average realized selling prices for silver and gold were US$17.38 and US$1,218 per ounce, respectively
• Cash of $7.7 million and short term investments consisting of cash of $10 million was on hand at the end of the quarter

For earnings history and earnings-related data on Avino Silver & Gold Mines (ASM) click here.