Avino Silver & Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. Earnings Recaps

ASM Materials 3 recaps
Q1 2026 May 15, 2026

Avino’s shares declined 2.2% following the Q1 report, reflecting investor caution despite stable operational progress and promising resource updates. The market appears to be weighing the tempered outlook and incremental nature of growth over immediate margin or volume expansion.

Key takeaways
  • Q1 production totaled just over 568,000 ounces, driven by stable mill throughput exceeding expectations with 14,000+ tonnes processed.
  • The company announced its inaugural mineral reserve estimate of 127 million silver equivalent ounces, marking a key milestone toward diversification and growth.
  • La Preciosa development contributed significantly, with encouraging grade improvements and completion of the 2025 drill program confirming high-grade silver zones outside current resources.
  • Record quarterly revenue of $39.4 million and a strong cash position of $139 million support organic growth initiatives, but no explicit guidance upgrade was provided.
  • Despite operational advances and investor recognition, the cautious tone on near-term production and the absence of margin expansion contributed to muted investor response.
Full recap
Q3 2025 Nov 8, 2025

Avino Silver & Gold Mines reported a strong Q3 2025 performance, showcasing significant operational advancements and financial health with a notable revenue increase and improved cash position.

Key takeaways
  • Revenues rose 44% year-over-year to $21 million, driven by enhanced mill performance and operational efficiency.
  • Achieved record cash of $57 million and working capital of $51 million, reflecting a robust balance sheet.
  • Successfully acquired outstanding royalties on La Preciosa, improving project economics and reducing operational complexity.
  • Positive drill results from La Preciosa indicate higher potential resource grades, reinforcing exploration efforts.
  • Recognized among the top-performing companies on the TSX 2025 TSX30, with a share price increase of 610% over 3 years.
Full recap
Q2 2025 Aug 14, 2025

Strong operational and financial momentum in Q2 2025 with robust production growth and enhanced margins positions Avino Silver & Gold Mines for lasting success.

Key takeaways
  • Revenues increased 47% year-over-year to $21.8 million, achieving the second highest revenue in company history.
  • Silver equivalent production rose 5% to 646,000 ounces, driven by record mill throughput of nearly 191,000 tonnes processed.
  • Net income improved significantly to $2.9 million, or $0.02 per share, with adjusted earnings up over 100% to $8.8 million or $0.06 per share.
  • Strong balance sheet with $37 million in cash and over $40 million in working capital supports ongoing growth initiatives.
  • La Preciosa development is on track, enhancing the potential for future production increases in line with transformational growth strategy.
Full recap