Avino Delivers Record Q1 2026 Financial Results
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
- Production, Resource update
- Extracted
- 2026-09-17 10:58:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Avino Silver & Gold Mines Ltd. announced record financial results for Q1 2026, with revenues reaching $39.4 million and net income of $15.9 million, primarily due to a substantial increase in realized silver prices. The company also reported a new Mineral Reserve Estimate and an updated Mineral Resource Estimate for its Avino and La Preciosa properties in Mexico, outlining significant proven and probable reserves, as well as measured, indicated, and inferred resources.
Reasoning: Avino Silver & Gold Mines Ltd. reported record financial results for Q1 2026, driven by a significant increase in realized silver prices, despite a slight decrease in year-over-year production for key metals. The company also announced a new mineral reserve estimate and an updated mineral resource estimate, providing a strong foundation for future operations.
Positive factors
- Record financial results driven by strong metal prices
- Significant proven and probable mineral reserves established
- Updated mineral resource estimate with substantial M&I and Inferred categories
Negative factors
- Year-over-year decrease in silver, gold, and copper production
- Increase in cash cost and all-in sustaining cost per silver equivalent payable ounce
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 14
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated Mineral Resource Estimate”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
provenAvino Mine and La Preciosa · silverTonnes: 27000000Grade: 145Grade Unit: g/tContained Metal: 127000000Contained Unit: ozView all detailsHide details
Identity
- Project
- Avino Mine and 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
- Peter Latta
- Resource group id
- resource:03969819bf8f22f06af0
Resource Data
- Category
- proven
- Tonnes
- 27000000
- Grade
- 145
- Grade Unit
- g/t
- Contained Metal
- 127000000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-10-31
Metal Equivalent
- Metal Eq. Grade
- 127000000
- Metal Eq. Unit
- silver equivalent ounces
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: The company announced substantial proven and probable mineral reserves of 27 million tonnes at 145 g/t silver equivalent, totaling 127 million silver equivalent ounces, which is a strong de-risking signal for the project.
Positive factors
- Significant proven and probable mineral reserves established
- High contained metal for silver equivalent
- QP signed off on the estimate
Evidence · text
“proven and probable mineral reserves of 27 million tonnes for 127 million silver equivalent ounces at a grade of 145 g/t”
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The estimate includes 27 million tonnes of proven and probable mineral reserves, indicating high confidence in economic viability.
Evidence · text
“proven and probable mineral reserves of 27 million tonnes for 127 million silver equivalent ounces at a grade of 145 g/t”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical data in this news release has been reviewed and approved by a Qualified Person within the context of National Instrument 43-101.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
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: Peter Latta, P. Eng, MBA, VP Technical Services, Avino, is a qualified person within the context of NI 43-101 and has reviewed and approved the technical data.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedAvino Mine and La Preciosa · silverTonnes: 67700000Grade: 162Grade Unit: g/tContained Metal: 301000000Contained Unit: silver equivalent ouncesView all detailsHide details
Identity
- Project
- Avino Mine and La Preciosa
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Peter Latta
- Resource group id
- resource:19fe463aa312fd7ce7d8
Resource Data
- Category
- indicated
- Tonnes
- 67700000
- Grade
- 162
- Grade Unit
- g/t
- Contained Metal
- 301000000
- Contained Unit
- silver equivalent ounces
Prior Estimate
- Resource Date
- 2025-10-31
Metal Equivalent
- Metal Eq. Grade
- 301000000
- Metal Eq. Unit
- silver equivalent ounces
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: The updated estimate includes significant measured and indicated mineral resources of 67.7 million tonnes at 162 g/t silver equivalent, totaling 301 million silver equivalent ounces, providing a solid foundation for future resource conversion.
Positive factors
- Substantial measured and indicated mineral resources
- High contained metal for silver equivalent
- QP signed off on the estimate
Evidence · text
“measured and indicated mineral resources totaling 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The estimate includes 67.7 million tonnes of measured and indicated mineral resources, indicating reasonable geological confidence.
Evidence · text
“measured and indicated mineral resources totaling 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical data in this news release has been reviewed and approved by a Qualified Person within the context of National Instrument 43-101.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
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: Peter Latta, P. Eng, MBA, VP Technical Services, Avino, is a qualified person within the context of NI 43-101 and has reviewed and approved the technical data.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredAvino Mine and La Preciosa · silverTonnes: 24800000Grade: 123Grade Unit: g/tContained Metal: 87600000Contained Unit: silver equivalent ouncesView all detailsHide details
Identity
- Project
- Avino Mine and La Preciosa
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-10-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Peter Latta
- Resource group id
- resource:228a87d8e1d04cfc6a18
Resource Data
- Category
- inferred
- Tonnes
- 24800000
- Grade
- 123
- Grade Unit
- g/t
- Contained Metal
- 87600000
- Contained Unit
- silver equivalent ounces
Prior Estimate
- Resource Date
- 2025-10-31
Metal Equivalent
- Metal Eq. Grade
- 87600000
- Metal Eq. Unit
- silver equivalent ounces
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: The updated estimate includes 24.8 million tonnes of inferred mineral resources at 123 g/t silver equivalent, totaling 87.6 million silver equivalent ounces, providing future exploration potential.
Positive factors
- Significant inferred mineral resources identified
- QP signed off on the estimate
Evidence · text
“inferred mineral resources totaling 24.8 million tonnes and 87.6 million silver equivalent ounces at a grade of 123 g/t”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The estimate includes 24.8 million tonnes of inferred mineral resources, which is a speculative category with limited drilling.
Evidence · text
“inferred mineral resources totaling 24.8 million tonnes and 87.6 million silver equivalent ounces at a grade of 123 g/t”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical data in this news release has been reviewed and approved by a Qualified Person within the context of National Instrument 43-101.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
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: Peter Latta, P. Eng, MBA, VP Technical Services, Avino, is a qualified person within the context of NI 43-101 and has reviewed and approved the technical data.
Evidence · text
“Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.