# Avino Reports Q2 2026 Financial Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/avino-reports-q2-2026-financial-results--aeaabb57-c034-48fc-acec-a4ab1198dacc Original source: https://money.tmx.com/en/quote/ASM/news/6014505263907383/avino-reports-q2-2026-financial-results Publisher: tmx Original announcement: 2026-08-12T11:00:00.000Z 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 10:32:49 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Avino Silver & Gold Mines Ltd. reported robust financial results for Q2 2026, with revenues increasing 23% to $26.8 million and net income surging 281% to $10.9 million, primarily due to a 104% increase in realized silver prices. Despite a decrease in silver and copper production, gold production rose 23%, and the company generated strong operating cash flow. Additionally, Avino announced new Mineral Reserve and updated Mineral Resource Estimates for its Avino Mine and La Preciosa properties, effective October 31, 2025, outlining significant proven and probable reserves and measured, indicated, and inferred resources. Reasoning: Avino Silver & Gold Mines Ltd. reported strong Q2 2026 financial results with substantial increases in revenues, net income, and cash flow, driven by a higher realized silver price. However, production of silver and copper decreased, and operating costs increased. The company also announced new Mineral Reserve and updated Mineral Resource Estimates for its key projects, providing an updated geological and economic baseline. - Positive factor: Strong financial performance with increased revenues, net income, EBITDA, and cash flow in Q2 2026. - Positive factor: Significantly higher realized silver price compared to prior periods. - Positive factor: Announcement of new Mineral Reserve and updated Mineral Resource Estimates for the Avino Mine and La Preciosa. - Positive factor: QP/CP sign-off and NI 43-101 compliance for the resource estimates. - Positive factor: Advancement of the La Preciosa project with increased development material throughput. - Negative factor: Decrease in silver and copper production for Q2 and YTD 2026. - Negative factor: Significant increase in Cash Cost and All-in Sustaining Cost per silver equivalent payable ounce and per tonne processed. - Negative factor: Inferred resources, while reported, cannot support economic studies alone. Facts used in scoring: 47 ## 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-reports-q2-2026-financial-results--aeaabb57-c034-48fc-acec-a4ab1198dacc#fact-resource-facts-44) 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 - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-12T00:00:00.000Z Reasoning: The announcement of 27 million tonnes of proven and probable mineral reserves containing 127 million silver equivalent ounces at 145 g/t AgEq is a highly material and positive update, indicating a robust and economically viable resource base, with QP sign-off and transparent metal equivalent assumptions. - Positive factor: New Mineral Reserve Estimate announced - Positive factor: Significant proven and probable reserves - Positive factor: QP/CP signed off on the estimate - Positive factor: NI 43-101 compliant reporting - Positive factor: Metal equivalent assumptions disclosed Evidence · text > Collectively, the Company's assets host 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 'proven and probable mineral reserves', indicating a high level of confidence in the 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. **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: The estimate includes 'proven and probable mineral reserves', indicating a high level of confidence in the 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. **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, Senior Vice President 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. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is stated to be within the context of National Instrument 43-101. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-reports-q2-2026-financial-results--aeaabb57-c034-48fc-acec-a4ab1198dacc#fact-resource-facts-45) 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: oz #### Prior Estimate - Resource Date: 2025-10-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-12T00:00:00.000Z Reasoning: The updated Mineral Resource Estimate includes 67.7 million tonnes of measured and indicated resources containing 301 million silver equivalent ounces at 162 g/t AgEq, representing a strong and confident resource base, with QP sign-off and transparent metal equivalent assumptions. - Positive factor: New Mineral Resource Estimate announced - Positive factor: Significant measured and indicated resources - Positive factor: QP/CP signed off on the estimate - Positive factor: NI 43-101 compliant reporting - Positive factor: Metal equivalent assumptions disclosed Evidence · text > In mineral resources, collectively the Company holds 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 '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 **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, Senior Vice President 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. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is stated to be within the context of National Instrument 43-101. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avino-reports-q2-2026-financial-results--aeaabb57-c034-48fc-acec-a4ab1198dacc#fact-resource-facts-46) 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: oz #### Prior Estimate - Resource Date: 2025-10-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-12T00:00:00.000Z Reasoning: The updated Mineral Resource Estimate includes 24.8 million tonnes of inferred resources containing 87.6 million silver equivalent ounces at 123 g/t AgEq, providing potential for future conversion, but these resources are speculative and require further drilling to upgrade confidence, despite QP sign-off and transparent metal equivalent assumptions. - Positive factor: New Mineral Resource Estimate announced - Positive factor: QP/CP signed off on the estimate - Positive factor: NI 43-101 compliant reporting - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resources are speculative and cannot support economic studies alone Evidence · text > as well as 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 '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. **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, Senior Vice President 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. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is stated to be within the context of National Instrument 43-101. Evidence · text > Peter Latta, P. Eng, MBA, Senior Vice President 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.