I love making money while the market burns. I’ve been telling my readers in American Stock Investor to buy silver and gold as well as off-shore ETFs. I’ve mentioned it here in Outsider Club as well.
Yesterday, my favorite silver trade, Avino Silver and Gold Mines (ASM), announced earnings.
Here are the highlights via Yahoo!Finance:
- Revenue: Record $24.4 million in Q4 2024; $66.2 million for the full year, a 51% increase from 2023.
- Gross Profit Margin: 43% in Q4 2024; 49% on a cash basis.
- Free Cash Flow: $14.1 million in Q4 2024, translating to $0.10 per share.
- Net Income: $8.1 million for the full year 2024, or $0.06 per share.
- Adjusted Earnings: $21.3 million for the full year 2024, or $0.15 per share.
- All-In Sustaining Cash Cost: $18.62 per silver equivalent ounce in Q4 2024; $20.57 for the full year, a 6% decrease from 2023.
- Silver Equivalent Production: 736,000 ounces in Q4 2024, a 32% increase from Q4 2023; 2.6 million ounces for the full year, a 10% increase from 2023.
- Gold Production: 2,560 ounces in Q4 2024, a 76% increase from Q4 2023.
- Cash Position: $27.3 million at the end of 2024, up from under $8 million at the end of Q3 2024.
The company crushed expectations and is pulling silver out of the ground at $18.63 an ounce while producing more of it. Silver is currently trading at $34.35 an ounce and will soon go much higher.
High silver prices and low oil prices mean that these miners can print money.
The stock surged to $1.81 a share. ASI subscribers are up 101% on the play. That’s awesome.
Two other silver trades in the portfolio are up 76% and 139%.
My complete portfolio has an average gain of 69%. Meanwhile the one-year return for the QQQ is 8%, and it is down 6.71% year to date. Heck, even the Polish ETF (EPOL) I recommended a few months ago is up 22%.
No one wanted to hear that one, but I was right again.
It's getting bad out there for passive investors. If the selloff in the general market continues next week it will be the first time in over twelve years that we had five red weeks in a row.
And you have to remember that anyone who bought the S&P 500 over the past 16 years is up huge. From the bottom in 2009 to the high, it went up 822%. Investors have a lot to lose and are more than willing to lock in profits rather than watch their money evaporate. The selling could last years.
Of course the talking heads will tell you to stay in the market and wait out the volatility. Or even worse they will tell you to buy – that it’s a bargain.
Sure, it will come back; it just might take a generation. After the dotcom crash, it took 15 years for the Nasdaq to hit new highs.
The thing is, you don’t have to play in their sandbox.
There is always a bull market somewhere. Right now, commodities and non-U.S. markets are climbing higher while U.S.-based stocks are melting down. Gold and silver have a long way to run.
At American Stock Investor, we will be making money and looking for great deals to be found after the sell-off is over. We can’t buy yet, the market is in free fall. It’s like catching a falling knife or stepping in front of a freight train.
But if you're not a member yet, you can join now and get in on my next recomendations. Click here and find out more.
All the best,
Christian DeHaemer
Outsider Club
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