Avino Silver & Gold Mines Releases Q3 2026 Financial Results

Avino Silver & Gold Mines Ltd., a longstanding silver producer in Mexico, reported a 59% increase in revenue for the third quarter of 2026, achieving $33.4 million. This growth was propelled mainly by silver production, contributing to 55% of total revenues at an average price of $63.33 per ounce.

The company's mine operating income rose by 50% to $14.8 million compared to the previous year. However, net income fell to $6.1 million due to non-cash tax movements and derivative losses. Earnings per diluted share stood at $0.03, a slight decrease from the previous year.

EBITDA reached $12.8 million, marking a 12% rise, while adjusted earnings grew by 23% to $14.3 million. Operating cash, before working capital adjustments, significantly increased by 69% to $12.3 million.

Avino's ongoing developments at La Preciosa completed over 3,000 meters of underground advancement, intending to boost future silver output. Operating costs remain manageable, with an AISC margin of $28 per ounce, despite increased capital expenditures of $15 million year-to-date.