Avino Announces Inaugural Consolidated Mineral Reserves
Original announcement by tmx on
- Company
- Avino Silver & Gold Mines Ltd.
- Ticker
- ASM
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-17 11:02:47 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Avino Silver & Gold Mines has announced its inaugural consolidated mineral reserves of 127 million silver equivalent ounces across its La Preciosa, Avino, and Oxide Tailings assets. The announcement also includes an updated Mineral Resource Estimate showing a 9% increase in Measured and Indicated resources despite ongoing mining depletion.
Reasoning: The announcement of inaugural mineral reserves across three assets is a major de-risking milestone, complemented by resource growth and successful conversion of resources to reserves.
Positive factors
- Inaugural mineral reserve estimate established
- Significant resource conversion (42%)
- Growth in M&I resource base (9%) despite mining depletion
- Expansion of measured and indicated categories
Negative factors
- Tailings storage capacity constraints noted
Facts used in scoring: 7
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The company reports its inaugural mineral reserve estimate.
Evidence · text
“inaugural mineral reserve estimate of 127 million silver equivalent ounces”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Measured mineral resources increased to 10.8 million tonnes from 8.5 million tonnes.
Evidence · text
“Measured mineral resources increasing to 10.8 million tonnes from 8.5 million tonnes”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Michael O'Brien and Peter Latta are named as the responsible Qualified Persons.
Evidence · text
“Michael O'Brien P.Geo., Senior Principal Consultant, Red Pennant Communications Corp., and Peter Latta, P.Eng, Avino's VP, Technical Services.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The release states the estimate is prepared in accordance with NI 43-101 standards.
Evidence · text
“incorporated by reference in NI 43-101 Standards of Disclosure for Mineral Projects”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Resource Estimates (7)
probableLa Preciosa · silverTonnes: 11000000Grade: 206Grade Unit: g/tContained Metal: 72Contained Unit: mozView all detailsHide details
Identity
- Project
- La Preciosa
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:4a0186cfdd4fe3edf958
- Deposit or zone
- La Preciosa
Resource Data
- Category
- probable
- Tonnes
- 11000000
- Grade
- 206
- Grade Unit
- g/t
- Contained Metal
- 72
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: First-time declaration of reserves for the company's assets.
Positive factors
- Inaugural reserve declaration
Evidence · text
“La Preciosa Property Proven and Probable Mineral Reserves of 11 million tonnes containing 72 million ounces of silver at 206 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
La PreciosaLa Preciosa · goldTonnes: 11000000Grade: 0.37Grade Unit: g/tContained Metal: 128Contained Unit: kozView all detailsHide details
Identity
- Project
- La Preciosa
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:bfe7f3852bb9fd87cdc1
- Deposit or zone
- La Preciosa
Resource Data
- Tonnes
- 11000000
- Grade
- 0.37
- Grade Unit
- g/t
- Contained Metal
- 128
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Gold component of the La Preciosa reserve.
Evidence · text
“128 thousand ounces of gold at 0.37 g/t”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableLa Preciosa · copperTonnes: 11000000Grade: 0.37Grade Unit: %View all detailsHide details
Identity
- Project
- La Preciosa
- Commodity
- copper
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:4a0186cfdd4fe3edf958
- Deposit or zone
- La Preciosa
Resource Data
- Category
- probable
- Tonnes
- 11000000
- Grade
- 0.37
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Copper component of the La Preciosa reserve.
Evidence · text
“La Preciosa Property Proven and Probable Mineral Reserves of 11 million tonnes containing 72 million ounces of silver at 206 g/t, and 128 thousand ounces of gold at 0.37 g/t.”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableAvino · silverTonnes: 10000000Grade: 38Grade Unit: g/tContained Metal: 12000000Contained Unit: ozView all detailsHide details
Identity
- Project
- Avino
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:e17b35304eb4aee93d0d
- Deposit or zone
- Avino
Resource Data
- Category
- probable
- Tonnes
- 10000000
- Grade
- 38
- Grade Unit
- g/t
- Contained Metal
- 12000000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Inaugural reserve for Avino property.
Evidence · text
“Avino Property Proven and Probable mineral reserves of 10 million tonnes of ore containing 12 million silver ounces at a grade of 38 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
AvinoAvino · goldTonnes: 10000000Grade: 0.41Grade Unit: g/tContained Metal: 127000Contained Unit: ozView all detailsHide details
Identity
- Project
- Avino
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:85e97644e62bd7499d67
- Deposit or zone
- Avino
Resource Data
- Tonnes
- 10000000
- Grade
- 0.41
- Grade Unit
- g/t
- Contained Metal
- 127000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Gold component of Avino reserve.
Evidence · text
“and 127 thousand gold ounces at a grade of 0.41 g/t”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
AvinoAvino · copperTonnes: 10000000Grade: 0.4Grade Unit: %Contained Metal: 85000000Contained Unit: lbView all detailsHide details
Identity
- Project
- Avino
- Commodity
- copper
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:85e97644e62bd7499d67
- Deposit or zone
- Avino
Resource Data
- Tonnes
- 10000000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 85000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Copper component of Avino reserve.
Evidence · text
“and 85 million pounds of copper at a grade of 0.40%.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableOxide Tailings · silverTonnes: 6700000Grade: 54Grade Unit: g/tContained Metal: 12Contained Unit: mozView all detailsHide details
Identity
- Project
- Oxide Tailings
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- reserve
- Effective date
- 2024-01-16T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:f0a0aa49e75a470f3148
- Deposit or zone
- Oxide Tailings
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 54
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2024-01-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Oxide Tailings reserve, noted as materially unchanged since 2024.
Evidence · text
“Oxide Tailings Property Proven and Probable Mineral Reserves of 6.7 million tonnes of ore containing 12 million ounces of silver at a grade of 54 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.