Northwire Canada EditionSunday, September 13, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Other Routine +

Avino Announces Normal Course Issuer Bid for Common Shares

Avino launches share buyback to return excess cash as silver prices stay strong

By The Northwire Desk — AI Analysis Apr 06, 2026 · 07:15 ASM · 9.05 Avino Silver & Gold Mines Ltd.
Executive Summary
  • Avino received TSX approval to launch a Normal Course Issuer Bid (NCIB) to repurchase up to 8,428,566 common shares (~5% of outstanding).
  • Program runs for 12 months starting April 8 2026; daily purchase cap tied to average volume and an automatic share‑purchase plan allows buys during blackout periods.
  • Management cites strong expected free cash flow in 2026 at current silver prices as the funding source and states the buyback will align market price with intrinsic value.
Material Impact
  • The NCIB is a capital‑return initiative, not a new project or discovery; it uses excess cash already highlighted in the March 10 earnings release (record $102 M cash).
  • While repurchasing up to ~5% of shares could reduce share count and boost EPS, the size of the program is modest relative to Avino’s market cap (~$1.5 B) and mirrors routine capital‑allocation actions taken by peers with strong balance sheets.
  • No new material information (e.g., resource upgrade, major acquisition) is introduced; therefore the news is incremental rather than game‑changing.
ASM · Price
Company Overview
  • Avino Silver & Gold Mines Ltd. (TSX/NYSE American: ASM) is a mid‑tier precious‑metals miner operating in Durango, Mexico.
  • Flagship assets:
  • Avino Mine – underground silver‑gold‑copper operation; produced ~1.16 Moz Ag, 7.6 koz Au and 5.67 Mlb Cu in FY 2025.
  • La Preciosa Project – high‑grade silver‑gold vein system; recent drilling returned grades up to >3,200 g/t Ag over sub‑meter widths; development material processed at ~200 t/d in 2025 with a target of 500 t/d.
  • The company shifted back to primary silver production in Q4 2025, with silver representing ~54% of quarterly revenue.
Read the original news release →

More from Avino Silver & Gold Mines Ltd.

Aug 12, 2026 · 07:00

Avino reports declining silver output and rising costs, with high prices masking underlying operational deterioration at its mining operations.

Earnings Jul 22, 2026 · 07:15

Avino’s La Preciosa mine saw silver recovery drop to 69% and copper output halve, though a production ramp preserved overall results.

Production / Operations May 13, 2026 · 17:15

Avino’s cash hoard swells to $138 million as silver price bonanza delivers record profit, but production dips underscore the rally is not yet built on volume.

Earnings Apr 23, 2026 · 07:15

Avino Silver Production Ramps Up; La Preciosa Reserves Validate Mid-Tier Ambitions

Production / Operations Apr 16, 2026 · 07:15

Avino Reserves Anchor Growth as Cash Pile Funds Buybacks

Resource Estimate Mar 10, 2026 · 17:15

Avino Transforms into Multi-Asset Producer as La Preciosa Ore Hits the Mill Amid Record Treasury

Earnings