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Atico Reports Consolidated Financial Results for Third Quarter of 2025
Globenewswire· 2025-11-18 21:30
Core Viewpoint - Atico Mining Corporation reported a net loss of $4.1 million for Q3-2025, primarily due to a shipping delay that left all concentrate in inventory, impacting sales and revenue recognition [1][2][3] Financial Performance - The company produced 2.3 million pounds of copper and 1,847 ounces of gold in Q3-2025, with cash costs of $2.74 per payable pound of copper, reflecting a 12% increase from Q3-2024 [1][3][7] - There were no metals concentrate sold during Q3-2025, leading to a loss from operations of $2.6 million, compared to a $4.2 million income in Q3-2024 [3][5] - The working capital deficit was $13.5 million as of September 30, 2025, an increase from $11.3 million at the end of 2024, influenced by $10.5 million in advance payments recorded as deferred revenue [3][5] Operational Highlights - Copper production decreased by 23% and gold production decreased by 11% compared to Q3-2024, attributed to lower ore throughput and lower copper head-grades [7][10] - Cash costs per tonne of processed ore rose to $179.23, a 23% increase from Q3-2024, due to reduced ore extraction and increased costs from inflation and foreign exchange [3][10] - The all-in sustaining cash cost per payable pound of copper produced was $4.87, up from $3.60 in Q3-2024, driven by higher sustaining capital expenditures [3][10] Future Outlook - The company anticipates gradual improvement in production in the next quarter due to higher copper grades as mining operations shift to upper zones of the El Roble mine [2][3] - The company has reduced its credit facilities and loans by $5.4 million during the quarter, indicating a focus on improving financial stability [2][3]
Avino Silver & Gold Mines Ltd (NYSEAM:ASM) 2025 Conference Transcript
2025-11-11 15:30
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]
Silver Elephant Delivers Over 1,200 Tonnes to Toll Mill and Expects Silver Concentrate Shipment in October 2025
Newsfile· 2025-10-09 14:10
Silver Elephant Delivers Over 1,200 Tonnes to Toll Mill and Expects Silver Concentrate Shipment in October 2025October 09, 2025 10:10 AM EDT | Source: Silver Elephant Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that toll milling of silver-bearing material from the Company's Apuradita Paca Project ("Apuradita") in Bolivia has commenced ...
Silver Bullet Mines Increases Concentrate Gold Grade to 27 oz/ton from KT Mine, Arizona and Sees Visible Gold at KT Mine, Arizona
Newsfile· 2025-10-01 13:49
Silver Bullet Mines Increases Concentrate Gold Grade to 27 oz/ton from KT Mine, Arizona and Sees Visible Gold at KT Mine, ArizonaOctober 01, 2025 9:49 AM EDT | Source: Silver Bullet Mines Corp.Burlington, Ontario--(Newsfile Corp. - October 1, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce positive developments related to its wholly-owned KT Mine in Arizona. First, as the Company finetunes the milling process for the KT material it ...
Silver Bullet Mines Returns 23.6 oz/ton Gold From Concentrate at KT Mine in Arizona
Newsfile· 2025-09-18 19:07
Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].
Kuya Silver Reports Second Quarter 2025 Results; Continued Progress at Bethania Silver Project with Increased Mining Output, Significant Underground Development, and Encouraging Exploration Results
Newsfile· 2025-08-22 11:30
Core Viewpoint - Kuya Silver Corporation reported significant operational and financial progress in Q2 2025, particularly at the Bethania Silver Project in Peru, with increased mining output, substantial underground development, and promising exploration results [2][4][5]. Operational Results - The Bethania Silver Project achieved a mining output of 1,224 tonnes of mineralized material in Q2 2025, nearly doubling the output from Q1 2025, with average silver grades of 10.73 oz/t and silver equivalent grades of 14.89 oz/t [6][7][8]. - Approximately 263 metres of underground development were completed in Q2, expanding access to ten active working faces, up from six in Q1 [6][7]. - Infrastructure upgrades included the installation of trailing winches, a high-capacity compressor, and a new generator, enhancing operational efficiency and safety [6][8]. - Exploration efforts led to the discovery of three new silver-rich vein systems, with samples exceeding 1,000 g/t silver equivalent, and a 41% increase in the mineralized strike length in the Bethania district [6][11][12]. Financial Highlights - Kuya Silver generated net revenue of approximately $0.70 million in Q2 2025, compared to nil in the same quarter of the previous year, with a net loss reduced to $0.28 million from $1.45 million in Q2 2024 [15][16]. - The company raised over CAD $10.8 million through equity financings in H1 2025, strengthening its balance sheet to support accelerated development at Bethania [6][17]. - The Silver Kings Project contributed 1,800 wet tonnes of silver concentrate shipped in Q2, generating revenue of USD $1.15 million [6][9]. Corporate Overview - Kuya Silver enhanced its governance by adding three independent directors and appointing Sheila Magallon as CFO, bringing over 20 years of financial leadership experience in the mining sector [17][18]. - The company completed multiple financing rounds, issuing a total of 29.7 million shares for gross proceeds of approximately CAD $12 million, aimed at supporting mine development and exploration [17][18]. Outlook - The company aims to achieve an initial production milestone of 100 tonnes per day by Q3 2025, with plans to expand to a phase 1 target production rate of 350 tonnes per day in the longer term [19][21].