Almere, The NetherlandsDecember 17, 2025 ASM International N.V. (Euronext Amsterdam: ASM) today announced its intention to invest in a new facility in the Netherlands to support future growth. As part of this strategic investment, ASM signed a Head of Terms with the Municipality of Almere and the Province of Flevoland in the presence of minister Karremans of Economic Affairs. The planned facility in Almere will serve as ASM’s new global headquarters and include a state-of-the-art R&D center, a dedicated tra ...

Core Viewpoint - ASM International N.V. plans to reappoint Mr. Hichem M'Saad as CEO for a second four-year term and Mr. Marc de Jong as a Supervisory Board member for a new two-year term, with the reappointments to be submitted for approval at the AGM on May 11, 2026 [1][2][3]. Group 1: Management Board Reappointments - Mr. Hichem M'Saad joined ASM in 2015 and was appointed to the Management Board in 2022, becoming CEO in May 2024 [2]. - The Supervisory Board is reviewing Mr. M'Saad's remuneration package to ensure competitiveness with peers, with any changes subject to investor consultation and AGM approval [2]. Group 2: Supervisory Board Changes - Mr. Marc de Jong has been a member of the Supervisory Board since May 2018 and is being reappointed for a two-year term due to his expertise in technology, sustainability, and finance [3]. - Ms. Pauline van der Meer Mohr, Chair of the Supervisory Board, plans to retire by the AGM in 2027, with flexibility regarding her exact retirement date based on finding a suitable successor [4]. Group 3: Company Overview - ASM International N.V. designs and manufactures equipment for semiconductor device production, with operations in the United States, Europe, and Asia [5]. - The company's common stock is traded on the Euronext Amsterdam Stock Exchange under the symbol ASM [5].

Company Performance - Avino Silver & Gold Mines Ltd. (NYSEAmerican:ASM) experienced a significant share price increase of 28.44 percent week-on-week, driven by investor optimism ahead of the Federal Open Market Committee's last interest rate meeting for the year [1] - The company's net income surged by 559 percent to $7.7 million, up from $1.17 million in the same period last year [3] - Revenues rose by 44 percent to $21.04 million from $14.6 million year-on-year, primarily due to higher metal prices and a slight increase in ounces sold [4] Market Context - The increase in precious metal prices, with gold spot rising by 1.97 percent to $4,239 per troy ounce and silver increasing by 5.81 percent to $56.5003, reflects a favorable market environment for companies like Avino [2] - Lower interest rates are expected to benefit precious metals, as they tend to weaken the US dollar, making these metals more attractive to foreign investors [3]

Group 1 - U.S. stocks experienced an upward trend, with the Dow Jones increasing by approximately 300 points on Friday [1] - Micron Technology, Inc. shares rose sharply by 2.5% to $235.92, driven by positive sentiment following Dell's strong third-quarter earnings and guidance [1] - Investors perceive Dell's results as indicative of broader strength in the technology sector, contributing to Micron's stock performance [1] Group 2 - DeFi Technologies Inc. shares surged by 20.5% to $1.6750 after the approval of QCAD as Canada's first compliant CAD stablecoin [3] - YD Bio Ltd saw a 13.7% increase in shares to $11.96, following the announcement of 510(k) clearance and plans for a clinical trial in Taiwan [3] - Other notable gainers included Savara Inc. (+12.3% to $6.02), TMC the metals company Inc. (+12.2% to $6.54), and ImmunityBio, Inc. (+10.7% to $2.3586) [3] - Precious metals stocks, including First Majestic Silver Corp. (+8.3% to $14.64) and Endeavour Silver Corp. (+10% to $9.47), rose amid increasing gold and silver prices [3] - Intel Corporation shares jumped by 7.8% to $39.65, reflecting positive market trends [3] - Crypto-linked stocks, such as Applied Digital Corporation, gained 6.8% to $26.61, following Bitcoin's rise above $90,000 [3]

Core Points - Avino Silver & Gold Mines Ltd. has filed a prospectus supplement on November 25, 2025, to its short form base shelf prospectus dated May 26, 2025 [1] - The filing is made with securities commissions across all provinces and territories in Canada, excluding Québec [1] - The company may distribute common shares at its discretion under a sales agreement with Cantor Fitzgerald & Co. dated June 13, 2023 [1]

Core Insights - Avino Silver & Gold (ASM) has demonstrated exceptional performance in the precious metal mining sector, with shareholders experiencing a 430% return on investment this year [1] Company Performance - The significant surge in Avino Silver & Gold's stock is not attributed to speculative discoveries but rather to strong underlying fundamentals [1] Investment Philosophy - Mountain Valley Value Investments focuses on identifying undervalued companies with robust growth potential across various sectors, emphasizing long-term value and strategic buying [1] - The investment approach is grounded in thorough industry insights and rigorous analysis to uncover opportunities that can yield strong returns [1]

Core Insights - The market has not yet fully recognized the structural changes occurring within Avino Silver & Gold Mines (ASM) [1] Company Analysis - Avino Silver & Gold Mines is experiencing significant structural changes that may not be reflected in its current market valuation [1] - The company is positioned to benefit from a deep-value investment approach, focusing on underfollowed or undervalued assets [1] Market Context - The analysis connects macroeconomic factors with company-level valuation, indicating a potential for long-term investment opportunities in ASM [1] - The investment philosophy emphasizes a long-term vision, particularly in dynamic markets like Argentina, which may influence the performance of local assets [1]

Group 1 - The analyst has over 10 years of experience researching companies across various sectors, including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]

Core Insights - Avino Silver & Gold Mines Ltd. (ASM) reported earnings per share of 7 cents for Q3 2025, surpassing the Zacks Consensus Estimate of 3 cents, and showing an increase from 4 cents in Q3 2024 [1][7] - The company's revenues rose 44% year over year to $21 million, driven by higher sales and metal prices, exceeding the Zacks Consensus Estimate of $20 million [2][7] - EBITDA increased by 200% to $11.5 million compared to $3.8 million in the previous year [3][7] Financial Performance - ASM's cash costs were $17.09 per silver-equivalent payable ounce, a 14% increase from $14.94 in the same quarter last year [3] - Consolidated all-in sustaining costs rose to $24.06 per silver payable equivalent ounce from $22.06 in Q3 2024 [3] - The company reported a mine-operating profit of $9.9 million, a 73% increase from $5.7 million in the prior year [3] Production Metrics - Silver-equivalent production decreased by 13% year over year to 580,780 ounces, attributed to lower feed grades [4] - Silver production fell 7% to 263,231 ounces, while gold production increased by 19% to 1,935 ounces [4] - Copper production decreased by 26% to 1.31 million pounds [4] Cash Position - At the end of Q3, ASM had $57 million in cash, up from $27 million at the end of 2024 [5] - Cash provided by operating activities was $8.3 million, compared to $4.1 million in the same quarter last year [5] Stock Performance - ASM's shares have increased by 325.3% over the past year, significantly outperforming the industry average of 83.9% [6]

Summary of Avino Silver & Gold Mines Ltd Conference Call Company Overview - **Company**: Avino Silver & Gold Mines Ltd (NYSEAM:ASM) - **Incorporation**: Founded in 1968, with significant historical context provided by the CEO David Wolfin, who has been involved since the mine's construction in 1974 [2][3] Industry Context - **Mining Sector**: Focus on silver production, with a bullish outlook on silver prices, which have increased by 70% since the beginning of the year [17] Key Financials - **Q3 Performance**: - Revenue: $21 million - Gross Profit: $10 million - Gross Margin: 47% - Net Income: $0.05 per share - Free Cash Flow: $5 million - Cash Costs: $17.09 per ounce, with an All-In Sustaining Cost (AISC) of $24.06 [6][7] - **Cash Position**: Over $60 million in cash, debt-free, with $51 million in working capital [5][7] Production and Growth Plans - **Current Production**: - Avino mine expected to produce 2.5-2.8 million ounces of silver equivalent in the current year [3] - La Preciosa project anticipated to significantly boost silver revenue, with a composition of 90% silver and 10% gold [5] - **Future Growth**: - Aiming for intermediate status with production between 8-12 million ounces per year [5] - Upcoming maiden reserve calculation expected in Q1 [14] Resource Base - **Silver Equivalent Resources**: - Total resource base of approximately 377 million ounces of silver equivalent, with 277 million measured and indicated, and 94 million inferred [4] - **Oxide Tailings Project**: - Pre-feasibility study completed, with a post-tax NPV of $61 million at $23.45 silver and $1,840 gold [13] Operational Highlights - **Mining Method**: Utilizes mechanized long hole sublevel caving, with a unique geological system allowing for low costs [8] - **Community Relations**: Strong focus on community engagement and sustainable practices, including a 100% Mexican labor force [10] Market Position - **Stock Performance**: - Ranked fifth in TSX 30 for top-performing companies, with a stock increase of 610% and market cap growth of 778% over three years [8] - Daily trading volume exceeds $30 million, indicating high liquidity [8] Strategic Focus - **Organic Growth Strategy**: Emphasis on organic growth rather than mergers and acquisitions, with a clear five-year growth plan [15] - **Community Engagement**: Ongoing efforts to establish relationships with local communities, particularly in the context of the Cinco de Mayo project in Mexico [24][25] Conclusion - **Outlook**: Avino Silver & Gold Mines Ltd is positioned for significant growth in silver production, backed by strong financials, a robust resource base, and a commitment to sustainable practices and community relations [15][16]