Almere, The Netherlands December 4, 2024, 8:00 a.m. CET   ASM International N.V. (Euronext Amsterdam: ASM) today announces that based on a preliminary assessment newly issued U.S. export controls are largely in line with previous assumptions. Guidance for Q4 2024 revenue and FY 2025 revenue remains unchanged.  On December 2, 2024, the U.S. government announced updated export regulations, including new restrictions on exports of semiconductor equipment applications to China. These regulations are largely in ...

Financial Data and Key Metrics Changes - The company generated $14.6 million in revenues and a quarterly record of $5.7 million in gross profit for Q3 2024, marking a 33% increase in revenues and a 142% increase in gross profit compared to the first nine months of 2023 [14][18] - Net income for the quarter was $1.2 million or $0.01 per share, with adjusted earnings at $5 million or $0.04 per share, both improved from previous quarters [15][19] - Cash flows from operating activities were $4.1 million or $0.03 per share, with cash on hand at $7.8 million, showing significant improvement from previous quarters [15][16] Business Line Data and Key Metrics Changes - Total equivalent production increased by 13% year-over-year, with silver equivalent production at 671,000 ounces, silver production at 282,000 ounces (a 19% increase), copper production at 1.8 million pounds, and gold production just over 1,600 ounces [8][9] - Mill throughput reached 157,000 tonnes, with improved unit operating costs and strong cash operating margins [10][11] Market Data and Key Metrics Changes - The company experienced higher realized metal prices across all three metals, contributing to improved financial performance [10] - The Mexican peso's weakness against the US dollar positively impacted cost structures, aiding in the reduction of cash costs per ounce [21][26] Company Strategy and Development Direction - The company aims to increase production at La Preciosa, targeting between 8 million ounces and 10 million ounces of silver equivalent by 2029 as part of its transformational growth plan [12][34] - The strategy focuses on leveraging existing assets and resources to grow organically without major capital investments, mitigating risks associated with new project development [34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining strong production results and cost control while preparing for growth at La Preciosa [32][33] - The company is focused on protecting its cost structure amid currency fluctuations and is looking forward to the anticipated growth from La Preciosa [27][44] Other Important Information - The company reported a significant positive swing in free cash flow, generating $2.3 million in Q3 compared to $1.9 million used in Q3 of 2023 [18] - The effective tax rate has been elevated due to the utilization of tax losses from previous years, which is expected to stabilize [47][48] Q&A Session Summary Question: Production increase at the Avino Mine - Management indicated that production uptime and availability are expected to continue into Q4, although December may see slower activity due to holidays [37][38] Question: Sensitivity analysis on mine operating cash flow - A $1 increase in silver price is close to a dollar-for-dollar impact on mine operating cash flow, but other inputs also affect this [39][40] Question: Stockpiled material at La Preciosa - The company has processed all intended stockpiled material and is preparing for underground development [41][42] Question: Development costs for La Preciosa - Initial development costs are estimated at $3 million to $4 million, with plans to accelerate throughput as the balance sheet improves [43] Question: Hedging against peso fluctuations - The company is taking measures to protect against peso volatility, especially for 2025 budgeting [44] Question: Timeline for La Preciosa underground development - The final approval needed is from the military for the explosives storage building, with hopes to receive this before year-end [46] Question: Elevated effective tax rate - The elevated tax rate is primarily due to deferred taxes and should stabilize as tax losses are utilized [47][48] Question: Sustaining capital and cost sensitivity to peso movement - Sustaining capital is expected to increase slightly in Q4, with costs being sensitive to peso fluctuations due to the majority of expenses being in pesos [49][50]

Avino Silver & Gold Mines Ltd. (ASM) reported earnings per share of 4 cents for third-quarter 2024, which beat the Zacks Consensus Estimate for earnings of 2 cents. ASM had reported earnings of 1 cent in the third quarter of 2023. The solid improvement in earnings was aided by higher metal prices and lower costs.Including one-time items, the company reported earnings per share of 1 cent against the loss of 1 cent per share incurred in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zac ...

Group 1 - Avino Silver (ASM) is currently ranked 13 in the Zacks Sector Rank among 235 companies in the Basic Materials group [2] - The Zacks Rank for Avino Silver is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for ASM's full-year earnings has increased by 12.5% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - Year-to-date, Avino Silver has returned approximately 109.9%, significantly outperforming the average return of -4.3% for Basic Materials companies [4] - Avino Silver belongs to the Mining - Silver industry, which is ranked 48 in the Zacks Industry Rank, with an average gain of 27.4% this year [6] - Another outperforming stock in the Basic Materials sector is Triple Flag Precious Metals (TFPM), which has returned 21.5% year-to-date and has a Zacks Rank of 2 (Buy) [5][6]

Group 1 - Avino Silver reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, representing a 100% earnings surprise compared to $0.01 per share a year ago [1] - The company posted revenues of $14.62 million for the quarter ended September 2024, which was 1.24% below the Zacks Consensus Estimate, but an increase from $12.32 million year-over-year [2] - Avino Silver has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has gained approximately 104.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $16.4 million, and for the current fiscal year, it is $0.05 on revenues of $60.15 million [7] - The Mining - Silver industry is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Viewpoint - ASM International N.V. announced that ASMPT, in which it holds approximately 25% of shares, has ceased discussions regarding a potential privatization [1][2]. Group 1: Company Information - ASMPT Ltd. received a preliminary non-binding approach from an independent third party regarding a possible privatization on October 14, 2024 [2]. - ASM International is headquartered in Almere, the Netherlands, and specializes in designing and manufacturing equipment and process solutions for semiconductor device production [2]. Group 2: Market Impact - The cessation of discussions regarding privatization may impact ASM International's strategic positioning and investment outlook in the semiconductor industry [1][2].

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The latest trading session saw Avino Silver (ASM) ending at $1.19, denoting a -0.83% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq increased by 1.43%.The company's stock has climbed by 4.35% in the past month, exceeding the Basic Materials sector's loss of 2.85% and the S&P 500's loss of 0.54%.The upcoming earnings release of Avino Silver will be ...

Following my coverage on ASM International ( OTCQX:ASMIY ) in Jul'24, in which I recommended a buy rating due to my expectation that the business will continue to experience strong order growth, this post is to provide an update on myI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a pr ...

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