Avino Reports Q2 2026 Financial Results

Avino Silver & Gold Mines Ltd. (ASM) reported second-quarter 2026 unaudited financial results, posting a 23% year-over-year increase in revenue to $26.8 million. Net income surged 281% to $10.9 million, or $0.06 per share, while EBITDA rose 69% to $12.6 million.

The company highlighted a 59% sequential increase in La Preciosa development production and the availability of Mill Circuit 2. Additionally, Avino released a new mineral reserve estimate of 127 million AgEq ounces.

Financial results were supported by strong cash generation, with operating cash flow reaching $13.3 million. The company ended the period with a cash balance of $144.2 million. Avino also announced senior leadership appointments during the quarter.

Avino Silver & Gold Mines Ltd. (ASM) reported a second-quarter average integrated sustaining cost (AISC) of $38.75 per ounce, an 85% year-over-year increase that significantly exceeded the company’s $25–$27 guidance. This cost inflation outpaces the revenue gains from elevated silver prices, raising concerns about margin sustainability if silver prices decline.

The company’s net income relies on a realized silver price of $68.90 per ounce; a drop toward $30 per ounce would render the operation unprofitable. The release follows a market rally that pushed the stock to $10.23 prior to the announcement.

Avino Silver & Gold Mines Ltd. (ASM) is a Mexico-focused primary silver producer operating the underground Avino Mine, its flagship asset, and the developing La Preciosa underground project, both located in Durango. The company also holds the Oxide Tailings project, for which a Preliminary Feasibility Study (PFS) has been completed. During the second quarter, the company processed 184,293 tonnes through its 2,500 tpd mill. While production is silver-dominant, it includes gold and copper by-products. The company’s stated goal is to reach mid-tier status, defined as 8–10 moz AgEq/year, by 2029.