# Avino Delivers Record Q1 2026 Financial Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/avino-delivers-record-q1-2026-financial-results--148d5097-6d53-495b-a916-87597e8a721b Original source: https://money.tmx.com/en/quote/ASM/news/8840956468031454/avino-delivers-record-q1-2026-financial-results Publisher: tmx Original announcement: 2026-05-13T21:15:00.000Z 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: Production, Resource update - Extracted: 2026-09-17 10:58:23 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Record financial results driven by strong metal prices - Positive factor: Significant proven and probable mineral reserves established - Positive factor: Updated mineral resource estimate with substantial M&I and Inferred categories - Negative factor: Year-over-year decrease in silver, gold, and copper production - Negative factor: 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 Update** Polarity: neutral Definition: 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) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-delivers-record-q1-2026-financial-results--148d5097-6d53-495b-a916-87597e8a721b#fact-resource-facts-11) Avino Mine and La Preciosa · silver #### 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 factor: Significant proven and probable mineral reserves established - Positive factor: High contained metal for silver equivalent - Positive factor: 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 Reserve** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 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: 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 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-delivers-record-q1-2026-financial-results--148d5097-6d53-495b-a916-87597e8a721b#fact-resource-facts-12) Avino Mine and La Preciosa · silver #### 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 factor: Substantial measured and indicated mineral resources - Positive factor: High contained metal for silver equivalent - Positive factor: 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 Resource** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 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: 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 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-delivers-record-q1-2026-financial-results--148d5097-6d53-495b-a916-87597e8a721b#fact-resource-facts-13) Avino Mine and La Preciosa · silver #### 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 factor: Significant inferred mineral resources identified - Positive factor: 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 Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 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: 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 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 ## 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.