Avino Reports Q3 2026 Financial Results
Key Highlights
- ➤Q3 revenue $33.4 million, up 59% year over year
- ➤Q3 adjusted earnings $14.3 million, up 23% year over year
- ➤2026 silver equivalent production guidance cut to 2.2–2.5 million ounces
- ➤2026 cash cost guidance raised to $22–$24 per payable ounce
- ➤2026 AISC guidance raised to $30–$32 per payable ounce
Expert Statements
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“During the third quarter, the Company continued to ramp up development at La Preciosa, well exceeding our budget targets.”
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“With over 3,000 metres of underground development completed already this year, we are laying the foundation for meaningful increases to our future silver production profile as performing this work will be instrumental in our plans for a larger mining operation at La Preciosa.”
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“I am particularly proud of the resilience of our operating team in managing production costs at Avino as we continue to add more local labour force to our teams at both the Avino operation, as well as at La Preciosa.”
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“Our consolidated AISC margin of $28 per ounce in the current quarter demonstrates that even as we develop a second mine, we are able to deliver meaningful cash flow generation.”
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“Our updated guidance on silver production and costs reflects our development strategy of processing lower grade development ore at La Preciosa, while we continue to move that project to a larger operation.”
David Wolfin, President and CEO of Avino Silver & Gold Mines Ltd.
“I would also like to acknowledge the entire team for earning the ESR distinction in Mexico for the fourth consecutive year, a recognition that reflects our commitment to operating in a safe and sustainable manner.”
VANCOUVER, BC / ACCESS Newswire / November 4, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:TSX)(FSE:GV6) a long-standing silver producer in Mexico, announces its unaudited financial results for the third quarter of 2026. All amounts are in U.S. dollars unless stated otherwise.
Third Quarter 2026 Financial Highlights * Revenues: The Company achieved $33.4 million in revenues for Q3 2026, an increase of 59% from Q3 2025. 55% of revenues were derived from silver production at an average realized price of $63.33 per ounce. * Mine Operating Income: Mine operating income was $14.8 million, an increase of 50% from Q3 2025. * Net Income: Earnings, or net income after taxes, was $6.1 million, or $0.03 per diluted share. Earnings were impacted by non-cash movements in deferred income taxes and unrealized losses on derivatives. * Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")(3) and Adjusted Earnings(3): EBITDA was $12.8 million, an increase of 12% from Q3 2025. Adjusted earnings were $14.3 million, or $0.08 per share, an increase of 23% and 14%, respectively, from Q3 2025. * Strong Cash Provided by Operating Activities and Operating Cash Before Working Capital Adjustments(3): Cash provided by operating activities was $12.7 million, an increase of 52% from Q3 2025. The Company generated operating cash before working capital adjustments of $12.3 million, an increase of 69% compared to Q3 2025. * Mine Operating Cash Flow Before Taxes: Mine operating cash flows before taxes was $16.5 million, an increase of 49% from Q3 2025. "During the third quarter, the Company continued to ramp up development at La Preciosa, well exceeding our budget targets," said David Wolfin, President and CEO. "With over 3,000 metres of underground development completed already this year, we are laying the foundation for meaningful increases to our future silver production profile as performing this work will be instrumental in our plans for a larger mining operation at La Preciosa.
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