Avino Silver & Gold Mines (NYSE: ASM) reported Q1 EPS of $0.00, $0.02 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $7.12 million versus the consensus estimate of $8.73 million.

FIRST QUARTER 2020 FINANCIAL HIGHLIGHTS

• Revenues from mining operations of $7.1 million, up 6% from Q1 2019
• Mine operating income of $0.8 million, up significantly from $0.1 million for the same period in 2019
• Net loss from continuing operations of $0.2 million, or $Nil per share
• Earnings before interest, taxes, depreciation and amortization ("EBITDA")2 and Adjusted EBITDA2 of $0.4 million
• Consolidated cash costs2 of $9.83 per silver equivalent payable ounce1
• Consolidated all-in sustaining cash cost ("AISC")2 of $14.88 per silver payable equivalent ounce1
• Working capital of $10.8 million, with $6.7 million consisting of cash, at the end of Q1 2020
• Reduced term facility and equipment debt by $1.2 million during Q1 2020

David Wolfin, President and CEO commented, "Avino had a strong first quarter that included a 10% increase in silver equivalent payable ounces sold, a 6% increase in revenues and a significant increase in mine operating income compared to Q1 2019. We were also able to transition to full production from the Avino mine, in keeping with our scheduled mine plan. We have, as previously announced, placed the mine on care and maintenance, and are following the Mexican Government's order to temporarily suspend operations. We look forward to bringing the Avino mine back into production when it is safe to do so. Above all, the health and wellness of our employees, stakeholders, and shareholders globally is our top priority, and we are working on back-to-work plans that we will be able to implement as soon as we are given the all-clear by both the Mexican and Canadian Governments."

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