Northwire Canada EditionFriday, October 30, 2026
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Gold 3,916.90 −2.8% Silver 49.37 −5.8% Copper 6.49 −1.7% Oil 103.79 +1.8% Palladium 977.50 −2.7% OMI 0.230 −6.1% EML 0.105 +0.0% TECT 1.36 −3.5% NOVA 0.125 +4.2% REVX 1.45 −6.5% ADE 0.100 +0.0% LVG 0.340 −4.2% SASK 0.860 −4.4% VLC 0.230 +4.5% STUD 0.120 +0.0% MGM 2.40 −1.2% MSG 0.180 +0.0% AGX 0.670 +0.0% GRG 0.095 +0.0% AZT 0.365 −1.4% LGO 0.510 −1.9% Gold 3,916.90 −2.8% Silver 49.37 −5.8% Copper 6.49 −1.7% Oil 103.79 +1.8% Palladium 977.50 −2.7% OMI 0.230 −6.1% EML 0.105 +0.0% TECT 1.36 −3.5% NOVA 0.125 +4.2% REVX 1.45 −6.5% ADE 0.100 +0.0% LVG 0.340 −4.2% SASK 0.860 −4.4% VLC 0.230 +4.5% STUD 0.120 +0.0% MGM 2.40 −1.2% MSG 0.180 +0.0% AGX 0.670 +0.0% GRG 0.095 +0.0% AZT 0.365 −1.4% LGO 0.510 −1.9%
Resource Estimate

Avino Announces Inaugural Consolidated Mineral Reserves

Avino Reserves Anchor Growth as Cash Pile Funds Buybacks

By The Northwire Desk — AI Analysis Apr 16, 2026 · 07:15 ASM · 9.86 Avino Silver & Gold Mines Ltd.
Executive Summary
  • Event: Inaugural Consolidated Mineral Reserve and Resource Estimate released on April 16, 2026.
  • Reserves: 127 million silver equivalent ounces (AgEq) across three assets (La Preciosa, Avino Mine, Oxide Tailings).
  • Resources: Measured & Indicated resources increased 9% to 301 million AgEq oz despite depletion.
  • Conversion: 42% of mineral resources converted to reserves, a significant technical milestone.
  • Economic Assumptions: Silver $36.90/oz, Gold $3,210/oz, Copper $4.4/lb. These assumptions are aggressive relative to historical averages and imply high confidence in sustained metal prices.
  • Drilling: 4,560 meters completed recently; 30,000 meters committed for 2026.
  • Context: Follows record FY2025 earnings (March 10) and a Normal Course Issuer Bid (NCIB) announcement (April 6).
Material Impact
  • Positive Validation: The reserve estimate removes technical uncertainty regarding the La Preciosa project, which was previously in development. This confirms the asset base supports the company's mid-tier producer strategy.
  • Expectation Alignment: High-grade drilling results were reported throughout late 2025 (Jan, Oct, Nov). This news formalizes those findings into reserves rather than providing unexpected new discovery data. Hence, it is Material - Positive but not a "Game Changer" relative to the market's prior pricing of La Preciosa success.
  • Financial Implications: The reserve base supports long-term valuation models. However, the economic assumptions ($36.90 Ag) are elevated; if metal prices correct, reserve tonnage could shrink significantly in future updates.
  • Capital Allocation: The news coincides with an NCIB (buyback), signaling management confidence that shares are undervalued relative to this new reserve data.
ASM · Price
Company Overview
  • Overview: Avino Silver & Gold Mines is a Canadian-based mining company operating in Durango, Mexico. It focuses on silver, gold, and copper production.
  • Flagship Project: The Avino Mine (primary producer) and La Preciosa (development/early production).
  • Development Status: La Preciosa transitioned from exploration to development in 2025, with first production targeted late 2025. It is now contributing to reserves and cash flow.
  • Royalties: La Preciosa royalties were fully acquired in August 2025 ($13.25M upfront + $8.75M deferred), making it royalty-free except for the deferred payment obligation. Avino Mine properties appear largely owned, though specific legacy NSRs on non-La Preciosa assets are not detailed in recent releases.
Read the original news release →

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