# Avino Announces Inaugural Consolidated Mineral Reserves Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912 Original source: https://money.tmx.com/en/quote/ASM/news/6303388240775381/avino-announces-inaugural-consolidated-mineral-reserves Publisher: tmx Original announcement: 2026-04-16T11:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Inaugural mineral reserve estimate established - Positive factor: Significant resource conversion \(42%\) - Positive factor: Growth in M&I resource base \(9%\) despite mining depletion - Positive factor: Expansion of measured and indicated categories - Negative factor: Tailings storage capacity constraints noted Facts used in scoring: 7 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: 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 Upgrade** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-0) La Preciosa · silver #### 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 factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### La Preciosa [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-1) La Preciosa · gold #### 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-2) La Preciosa · copper #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-3) Avino · silver #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### Avino [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-4) Avino · gold #### 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### Avino [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-5) Avino · copper #### 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--165a21ba-6b7f-4e7b-8856-933e8994e912#fact-resource-facts-6) Oxide Tailings · silver #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: 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.